Sonos Results Presentation Deck
Reconciliation of Net Income
to Adjusted EBITDA
Net income
Add (deduct):
Depreciation and amortization
Stock-based compensation expense
(1)
(2)
Note: $ in thousands, unaudited.
Three Months Ended
January 2, 2021
$ 132,292
7,982
14,844
(36)
265
Interest income
Interest expense
Other income, net
Provision for income taxes
Restructuring and related expenses (¹)
Legal and transaction related costs (2)
Adjusted EBITDA
Revenue
Adjusted EBITDA margin
Restructuring and related expenses includes a gain of $2.8 million, related to our negotiation for the early termination of a
certain facility lease that was part of the 2020 restructuring. The gain represents the difference between the related
operating lease liability and previously accrued restructuring expenses versus the early termination payment.
Legal and transaction related costs consist of expenses related to our intellectual property ("IP") litigation against
Alphabet Inc. and Google LLC as well as legal and transaction costs associated with our acquisition activity, which we do
not consider representative of our underlying operating performance.
December 28, 2019
$ 70,775
(4,257)
9,120
(2,611)
8,666
$ 166,265
$ 645,584
25.8 %
9,105
13,204
(998)
453
(4,424)
1,656
3,448
$ 93,219
$ 562,083
16.6%View entire presentation