Universal Leaf Tobacco Company Presentation
Appendix
The following table sets forth the unusual items included in results reported:
Fiscal Year Ended
Three Months Ended
June 30,
In millions
Net Income
Transaction costs for acquisitions
2019
2020
2021
2022
2023
2022
2023
$104
$72
$87
$87
$124
$7
$(2)
$5
$4
$2
Purchase accounting adjustments
$2
$3
$3
Fair value adjustment to contingent consideration for FruitSmart acquisition
$(4)
$(3)
Interest (income) expense related to tax matters at foreign subsidiaries
$2
$(1)
$(5)1
Income tax benefit on a final tax ruling (fiscal year 2022) and dividends paid from
foreign subsidiaries (fiscal year 2021)
$(4)
$(2)
$(24)!
Income tax settlement for foreign subsidiary
$3
Restructuring and impairment costs
Reversal of Dividend Withholding Tax
$17
$(8)
$6
$18
$10
Interest expense reversal on uncertain tax position and income tax from sale of
operations in Tanzania
Impact to net income attributable to noncontrolling interests in subsidiaries from
Non-GAAP adjustments
$(1)!
$(2)
$(1)
Income tax expense from sale of operations in Tanzania
Adjusted Net Income¹
1 Non-GAAP measure
1
$113
$88
$105
$94
$94
$6
$(2)
59
Note: Numbers may not sum to totals due to rounding
Please see the Company's Annual Reports on Form 10-K and Quarterly Reports 10-Q for the corresponding fiscal periods for additional information on the unusual items.View entire presentation