Bed Bath & Beyond Results Presentation Deck
APPENDIX
fiscal 2020 Q3 reconciliation of net (loss) income to adjusted
EBITDA
(in thousands, except for share
data) (unaudited)
Net (loss) income
Depreciation and amortization
Interest expense
Tax (benefit) provision
EBITDA
EBITDA as % of net sales
Reported
BED BATH & BEYOND
Loss on sale Impairment
on assets
businesses held for sale
Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
$ (75,441) $ 113,909 $
93,706
17,805
(65,213)
(29,143)
Restructuring
and
transformation
expenses
Three Months Ended November 28, 2020
53,976 $
$ 113,909 $ 53,976 $
Impairment
charges
30,699 $
(8,000)
Excluding
22,699 $
4,021 $
4,021
Benefit from
reduction of
incremental
markdown
reserves
(44,319)
(44,319)
Total income
tax impact
$ (72,415)
72,415
Total impact
85,871
(8,000)
72,415
$ 150,286
Adjusted
10,430
85,706
17,805
7,202
121,143
* The Company is presenting certain non-GAAP financial measures for its fiscal 2020 third quarter. In order for investors to be able to more easily compare the Company's performance
across periods, the Company has included comparable reconciliations for the 2019 periods in the reconciliation table above and that follow.
4.6 %
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