Investor Presentation
Non-GAAP Measures and Reconciliations
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($ in millions)
Net (loss) income
2018
2019
2020
LTM Q3 2021
($678.8)
$565.1
($181.8)
($119.5)
Amortization of subscriber accounts, deferred contract acquisition costs and other intangible assets
211.6
200.5
217.3
216.0
Depreciation
11.4
11.1
13.8
16.2
Radio conversion costs
4.2
21.4
32.1
Deferred revenue fair value adjustment
--
0.6
Stock-based compensation
Long-term incentive compensation
LiveWatch acquisition contingent bonus charges
Legal settlement reserve (related insurance recovery)
Severance expense
Rebranding marketing program
Integration/implementation of company initiatives
0.5
0.0
0.8
0.4
(0.0)
0.3
0.1
i
(12.5)
(4.8)
(0.7)
1.1
4.7
1.5
7.4
IGT
--
--
0.5
12.5
9.6
2.8
COVID-19 costs
Select Security acquisition costs
Select Security intregration costs
Loss (gain) on revaluation of acquisition dealer liabilities
I I
1.0
1.1
0.1
0.4
i
1.9
2.2
(0.2)
(1.9)
1.9
1.9
Impairment of capitalized software
0.1
Goodwill impairment
563.5
81.9
--
Gain on restructuring and reorganization, net
(669.7)
--
--
Interest expense
180.8
134.1
80.3
81.4
Realized and unrealized loss, net of derivative financial instruments
3.2
6.8
Refinancing expense
12.2
5.2
0.2
3.2
Income tax expense
(11.6)
2.5
Adjusted EBITDA
$289.4
$266.5
1.9
$253.8
(13.0)
$226.9
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