Acquisitions and Financial Overview
ADJUSTED NET INCOME
AND FREE CASH FLOW RECONCILIATIONS
($'S IN MILLIONS)
Net income to Adjusted net income reconciliation
Three months ended
March 31,
2021
2020
2021
(unaudited)
Net income attributable to Generac Holdings. Inc.
Net income attributable to noncontrolling interests
Net income
Provision for income taxes
Income before provision for income taxes
Amortization of intangible assets
$148,993
$44,460
LTM Ended March 31,
2020
$455,109 $251,606
(unaudited)
952
(1,049)
(1,357)
(1,656)
149,945
43,411
453,752
249,950
35,368
9,444
124,897
61,758
185,313
52,855
578,649
311,708
8,979
7,781
33,478
31,083
Amortization of deferred financing costs and OID
646
642
2,602
4,177
Loss on extinguishment of debt
926
Transaction costs and credit facility fees
689
40
(679)
(121)
Loss on pension settlement, restructuring and other
(3,832)
512
7,814
12,835
Adjusted net income before provision for income taxes
Cash income tax expense
191,795
61,830
621,864
360,608
(37,868)
(7,345)
(110,246)
(44,780)
Adjusted net income
$153,927
$54,485
$511,618
$315,828
Adjusted net income attributable to noncontrolling interests
Adjusted net income attributable to Generac Holdings. Inc.
(1,223)
581
$152,704
$55,066
(1,772)
$509,846
567
$316,395
Free Cash Flow Reconciliation
Net cash provided by operating activities
$152,543
$11,346
$627,730
$305,662
Proceeds from beneficial interests in
securitization transactions
712
Expenditures for property and equipment
(27,469)
Free cash flow
$125,786
618
(12,894)
$(930)
2,745
(76,703)
$553,772
2,505
(57,794)
$250,373
GENERAC
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