Rocket Companies Investor Presentation Deck
Endnotes
1.
Reconciliation of Adjusted EBITDA to
Net Income ($ amounts in millions)
Net income
Interest and amortization expense on non-funding
debt
Income tax provision
Depreciation and amortization
Non-cash stock compensation expense
Change in fair value of MSRS due to valuation
assumptions (net of hedges) (a)
Litigation accrual (b)
Adjusted EBITDA
Three Months Ended September 30,
2021
$1,393
34
33
20
41
48
$1,568
2020
(Unaudited)
$2,995
38
62
15
33
127
$3,271
2019
$495
33
5
21
8
209
$771
Nine Months Ended September 30,
2021
$5,207
105
123
55
124
(330)
15
$5,299
2020
(Unaudited)
$6,559
104
84
48
94
1,193
$8,082
2019
$143
99
4
57
25
921
$1,250
2020
$9,399
186
132
74
136
1,288
$11,217
Year Ended December 31,
2019
(Unaudited)
$897
137
7
75
40
838
$1,994
2018
$615
130
3
77
34
(327)
$532
Note: Certain figures in the tables throughout the endnotes may not foot due to rounding.
(a) Reflects changes in assumptions including discount rates and prepayment speed assumptions, mostly due to changes in market interest rates, and the effects of contractual prepayment
protection associated with sales of MSR's.
(b) Reflects legal accrual related to a specific legal matter.
ROCKET
Companies
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