Strategic Growth & Financial Overview
Reconciliation of GAAP Net Income Available to Common Stockholders to Adjusted Earnings Before
Noncontrolling Interests And Taxes And GAAP Fully Diluted EPS to Post-Tax Adjusted EPS
(in Thousands, Except per Share Data) (Unaudited)
GAAP net income available to common stockholders
Provision for income taxes (1)
Net income attributable to noncontrolling interests(2)
GAAP income before income taxes and noncontrolling interests
Pre-tax adjustments:
Compensation adjustments:
Equity-based compensation and allocations of net income to limited partnership units and FPU's (3)
Other compensation adjustments(4)
Total Compensation adjustments
Three Months Ended June 30,
2022
2021
Six Months Ended June 30,
2022
2021
48,519
18,426
$
439,744 $
142,182
48,881
22,430
$
472,849
152,761
13,273
145,447
13,627
156,920
80,218
$
727,373
$
84,938
$
782,530
41,988
267,532
58,886
281,780
744
42,732
189,734
2,023
190,651
457,266
60,909
472,431
Non-Compensation expense adjustments:
Amortization of intangibles (5)
MSR amortization(6)
Other non-compensation adjustments (7)
Total Non-Compensation expense adjustments
Non-cash adjustment for OMSR revenue(8)
Other (income) loss:
Other non-cash, non-dilutive, and/or non-economic items and Nasdaq (9)
Total Other (income) loss
4,846
2,420
7,440
4,087
25,580
22,684
51,795
37,751
3,631
8,420
5,496
9,552
34,057
33,524
64,731
51,390
(31,499)
(25,815)
(60,971)
(54,532)
15,543
(1,090,192)
101,566
(1,084,590)
15,543
(1,090,192)
101,566
(1,084,590)
Total pre-tax adjustments
60,833
Adjusted Earnings before noncontrolling interests and taxes ("Pre-tax Adjusted Earnings")
$
141,051 $
(625,217)
102,156 $
166,235
251,173 $
(615,301)
167,229
See the following page for a continuation of the table.
NEWMARK 40View entire presentation