Market Expansion and Value Creation
Reconciliation of Adjusted EBITDA and Free Cash Flows
(In '000's U.S. dollars)
Q4 FY'23
(48,734) $
Q4 FY'22
FY'23
FY'22
102,196
$
150,379
397,090
GAAP-based net income (loss), attributable to OpenText
Add:
Provision for (recovery of) income taxes
(1,212)
(5,005)
70,767
118,752
Interest and other related expense, net
145,829
40,342
329,428
157,880
Amortization of acquired technology-based intangible assets
77,045
46,274
223,184
198,607
Amortization of acquired customer-based intangible assets
121,285
56,341
326,406
217,105
Depreciation
Share-based compensation
Special charges (recoveries)
Other (income) expense, net
Adjusted EBITDA
31,152
22,706
107,761
88,241
41,904
24,465
130,302
69,556
70,222
26,281
169,159
46,873
25,355
19
(34,469)
(29,118)
462,846
$
313,619
$
1,472,917 $
1,264,986
Total revenue
GAAP-based net income (loss) margin
Adjusted EBITDA margin (% of total revenue)
(In '000's U.S. dollars)
GAAP-based cash flows provided by operating activities
Add:
GA
1,490,830
(3.3)%
31.0 %
902,454
11.3 %
34.8 %
4,484,980
3,493,844
3.4 %
32.8 %
11.4 %
36.2 %
Q4 FY'23
Q4 FY'22
FY'23
FY'22
115,301 $
251,940 $
779,205 $
981,810
Capital expenditures (1)
Free cash flows
(24,060)
91,241 $
(38,172)
213,768 $
(123,832)
655,373 $
(93,109)
888,701
(1) Defined as "Additions of property and equipment" in the Consolidated Statements of Cash Flows.
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