GAAP EBITDA definition

GAAP EBITDA means with respect to the Borrower and its Subsidiaries on a consolidated basis, without duplication, for any period of determination, (i) Consolidated Net Income (loss), plus, to the extent deducted in determining Consolidated Net Income (loss), (ii) provision for taxes, (iii) Consolidated Interest Expense, and (iv) depreciation and amortization, all calculated in accordance with GAAP.
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GAAP EBITDA. With respect to any fiscal period, an amount equal to the sum of (a) Net Income of the Borrower for such fiscal period, plus (b) in each case to the extent deducted in the calculation of Net Income and without duplication, (i) depreciation and amortization for such fiscal period, plus (ii) income tax expense for such fiscal period, plus (iii) Interest Expense paid or accrued during such fiscal period, plus (iv) other noncash charges for such fiscal period (excluding LIFO reserves), all as determined in accordance with GAAP, after eliminating therefrom all extraordinary nonrecurring items of income or expense.
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GAAP EBITDA means (a) Net Income, plus (b) Interest Expense, plus (c) to the extent deducted in the calculation of Net Income, depreciation expense and amortization expense, plus (d) income tax expense.
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Examples of GAAP EBITDA in a sentence

  • The terms of the Acquisition imply a US GAAP Enterprise Value multiple of 16.3x 2019 US GAAP EBITDA and 10.9x 2019 US GAAP EBITDA (including estimated pre-tax synergies of £216 million) for Meggitt.

  • Non-GAAP income/(loss) from operations, non-GAAP net income/(loss) attributable to ordinary shareholders and non- GAAP EBITDA reflect the company’s ongoing business operations in a manner that allows more meaningful period-to-period comparisons.

  • In reconciling non-U.S. GAAP adjusted gross profit, non-U.S. GAAP operating expenses, non-U.S. GAAP net income, non-U.S. GAAP EBIT and non-U.S. GAAP EBITDA, with the most comparable financial measures calculated in accordance with U.S. GAAP, the Company has adjusted for non-cash share-based compensation charges relating to share option grants, restricted shares, and restricted share units and amortization of intangible assets from acquisitions in accordance with relevant accounting guidance.

  • Reconciliation of Non-GAAP Measure to GAAP EBITDA represents earnings before interest, income tax expense, depreciation and amortization, loss on asset disposal, and loss (gain) on foreign exchange.

  • From 2009 to 2013, Shire generated double-digit compound annual product sales and Non GAAP EBITDA growth, which has delivered total shareholder returns in excess of 281% since 1 January 2009.Shire’s new management team has dramatically transformed Shire over the past year, resulting in a step change in growth, efficiency and innovation.

  • In Q1 2014, top-line growth accelerated with products sales increasing by 19% to $1,308 million from $1,098 million in Q1 2013, while Non GAAP EBITDA margins improved from 37% in Q1 2013 to 45% in Q1 2014.The Shire Board believes that the Transaction will create a global market leader with leadership positions in specialty pharmaceuticals sectors, including rare diseases, neuroscience, metabolic diseases and liver disease (HCV).

  • The tax EBITDA only includes taxable income and thus does not necessarily match with the GAAP EBITDA.

  • Borrower shall not permit the ratio of the Consolidated GAAP EBITDA of Borrower to the Consolidated Interest Expense of Borrower at the end of any fiscal quarter of Borrower to be less than 1.5 to 1.0.

  • Due to the divestiture announced on September 20, 2021, as of our fourth fiscal quarter, the results of the Semiconductor Solutions business are treated as discontinued operations.Continuing operations of Azenta Life Sciences achieved revenue growth of 32%, non-GAAP EPS of $0.48 and non- GAAP EBITDA margin expansion of 950 basis points.

  • Should MGSI achieve GAAP EBITDA of less than [CONFIDENTIAL TREATMENT REQUESTED] but more than [CONFIDENTIAL TREATMENT REQUESTED], then the stock to be released shall be the product of [CONFIDENTIAL TREATMENT REQUESTED] times a fraction, wherein the numerator is EBITDA (up to [CONFIDENTIAL TREATMENT REQUESTED]) that exceeds [CONFIDENTIAL TREATMENT REQUESTED] and the denominator is [CONFIDENTIAL TREATMENT REQUESTED].


More Definitions of GAAP EBITDA

GAAP EBITDA means with respect to the Borrower and its Subsidiaries on a consolidated basis, without duplication, for any period of determination, (i) Consolidated Net Income (loss), plus, to the extent deducted in determining Consolidated Net Income (loss), (ii) provision for taxes, (iii) Consolidated Interest Expense, (iv) depreciation and amortization, all calculated in accordance with GAAP, (v) [Reserved], (vi) any non-cash charges solely related to stock-based compensation; provided, that, to the extent any non-cash expense under this clause (vi) subsequently requires any cash disbursement, such disbursement expense will be subtracted from GAAP EBITDA in the applicable period, (vii) [Reserved], (viii) a one-time non-cash charge of up to $30,000,000 taken by the Borrower between July 2, 2003 and June 30, 2004 in connection with the sale of receivables (it being agreed that if any such non-cash charge shall subsequently become a cash charge, the amount of such cash charge shall be deducted at such time in calculating GAAP EBITDA), (ix) the cumulative non-cash charge resulting from a change in accounting principles, (x) for any period that includes the Borrower’s fourth fiscal quarter in 2003, up to $10,000,000 of charges related to non-recurring year end audit adjustments and (xi) non-cash charges solely related to the matters set forth in the Disclosure Letter.
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GAAP EBITDA. ACQUIRED EBITDA"
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GAAP EBITDA means the SELLERS earnings before interest taxes depreciation and amortization as computed by the formula used in SELLERS September 30, 2005 financial statements which have been reviewed by Xxxxxxx and Xxxx CPAs and attached hereto pursuant to schedule “5.8”.
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GAAP EBITDA means with respect to the Borrower and its Subsidiaries on a consolidated basis, without duplication, for any period of determination, (i) Consolidated Net Income (loss), plus, to the extent deducted in determining Consolidated Net Income (loss), (ii) provision for taxes, (iii) consolidated interest expense, determined in accordance with GAAP, (iv) depreciation, amortization and impairment charges, all calculated in accordance with GAAP, (v) any non-cash compensation charges, including any such charges related to stock-based compensation, including, without limitation, stock options, restricted stock grants or other equity-incentive programs and similar arrangements (including any repricing, amendment, modification, substitution or change of any such stock, stock option, stock appreciation rights or similar arrangements); provided, that, to the extent any non-cash expense under this clause (v) subsequently requires any cash disbursement, such disbursement expense will be subtracted from GAAP EBITDA in the applicable period, (vi) the cumulative non-cash charge resulting from a change in accounting principles (including, but not limited to, changes in lease accounting), (vii) GAAP rent expense reflected on the consolidated income statement for the period of determination in excess of cash rental expense, (viii) with respect to any discontinued operation, any non-cash loss resulting therefrom, (ix) expenses incurred by the Borrower or any Subsidiary to the extent reimbursed in cash by a third party, (x) any financial advisory fees, accounting fees, legal fees and other similar fees and related costs, charges and expenses in respect of the financing under this Agreement and certain severance payments made to members of the Borrower’s senior management in August 2006, (xi) any financial advisory fees, accounting fees, legal fees and other similar fees and related costs, charges and expenses in respect of any restructuring transaction, including, but not limited to, the early retirement of Debt, the extension, refinancing, restructuring, redemption or exchange of the Subordinated Debt or the Senior Unsecured Notes, Investments, dispositions permitted hereunder (including, without limitation, Permitted Asset Sales and Permitted Sale/Leasebacks) and the issuance of Capital Stock or Debt permitted hereunder to the extent not deferred and amortized, (xii) certain professional fees and expenses and other charges consistent with the Borrower’s presentation of cash con...
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Related to GAAP EBITDA

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • EBITDA means, with respect to any Person for any period, the net income for such Person for such period plus the sum of the amounts for such period included in determining such net income in respect of (i) interest expense, (ii) income tax expense, and (iii) depreciation and amortization expense, in each case as determined in accordance with GAAP.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Consolidated EBITDA means, for any period, the Consolidated Net Income for such period, plus:

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Adjusted EBIT means, for any accounting period, net income (or net loss) of NAI and its Subsidiaries (determined on a consolidated basis), plus the amounts (if any) which, in the determination of net income (or net loss) for such period, have been deducted for (a) interest expense, (b) income tax expense (c) rent expense under leases of property, and (d) Permitted Non-Cash Charges.

  • Combined EBITDA means, for any period, Combined Net Income for such period plus, (a) without duplication and to the extent reflected as a charge in the statement of such Combined Net Income for such period, the sum of (i) income tax expense, (ii) Combined Interest Expense, (iii) amortization or write-off of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness (including the Notes), (iv) depreciation and amortization expense, (v) amortization of intangibles (including, but not limited to, goodwill) and organization costs, (vi) any extraordinary, unusual or non-recurring expenses or losses (including, whether or not otherwise includable as a separate item in the statement of such Combined Net Income for such period, losses on sales of assets outside of the ordinary course of business) and (vii) any non-cash charges, including non-cash charges resulting from the vesting or issuance of equity to employees, principals or others, and minus, (b) without duplication and to the extent included as income or gain in the statement of such Combined Net Income for such period, the sum of (i) any extraordinary, unusual or non-recurring non-cash income or gains (including, whether or not otherwise includable as a separate item in the statement of such Combined Net Income for such period, non-cash gains on the sales of assets outside of the ordinary course of business) and (ii) any other non-cash income, all as determined on a combined basis, and plus or minus, as appropriate, (c) without duplication of the items set forth in clauses (a) and (b) above, the adjustments equivalent to those that OCG made to arrive at its “Adjusted Net Income” in its Annual Report on Form 10-K for the fiscal year ended December 31, 2018 (as filed with the SEC), to the extent relevant to the Obligors, and (d) without duplication of the items set forth in clauses (a), (b) and (c) above, the adjustments replacing investment income (loss) with receipts of investment income from funds and companies equivalent to those that OCG made to arrive at its “Distributable Earnings” in its Annual Report on Form 10-K for the fiscal year ended December 31, 2018 (as filed with the SEC), to the extent relevant to the Obligors; provided that the contribution to Combined EBITDA of a subsidiary that is not a wholly owned subsidiary shall be calculated in proportion to the Obligors’ aggregate direct or indirect economic interests in such subsidiary.

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Pro Forma Adjusted EBITDA shall have the meaning assigned to such term in Section 3.05(a).

  • EBITDAX means, for any period, the sum of Consolidated Net Income for such period plus the following expenses or charges to the extent deducted from Consolidated Net Income in such period: interest, income taxes, depreciation, depletion, amortization, exploration expenses and other similar noncash charges, minus all noncash income added to Consolidated Net Income.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.