Normalized EBITDA means, with respect to a particular Property or Deferred Management Property, as the case may be, a non-GAAP financial measure defined as the net income from continuing operations before interest, income taxes, depreciation and amortization, excluding any non-recurring items and/or non-cash equity compensation expense, as determined by the Operating Partnership.
Normalized EBITDA. , for any period, means BPI’s EBITDA (based on the applicable Exchange Statements) adjusted (a) by adding back any royalties paid by BPI to Royalties LP and any management fees paid by BPI to its direct or indirect parent, (b) by deducting or removing any distributions or dividends paid by Royalties LP to BPI and (c) by adding or deducting, as the case may be, the fair value gain or loss on financial assets (and for greater certainty, the distributions on Class 1 LP Units, Class 2 LP Units and, if applicable, any of the Class 3 LP Units, Class 4 LP Units or Class 5 LP Units held by Holdings LP will not be deducted from BPI’s EBITDA).
Normalized EBITDA means, for any particular period:
Examples of Normalized EBITDA in a sentence
Normalized EBITDA adjusted for rent expense and normalized EBITDA, which include normalized gross margin and normalized SG&A expenses with adjustments for an estimate of rent expense, are used as a supplementary measure when assessing the performance of its ongoing operations and its ability to generate cash flows to fund its cash requirements, including the Company’s capital expenditures.
Debt to Normalized EBITDA – A common measure of leverage used by lenders, this measure considers Killam’s financial health and liquidity.
AMSC discloses Normalized EBITDA and Adjusted Net Profit in order to provide meaningful supplemental information to management and investors as the Company believes these measures enhance an understanding of the Company’s operating earnings.
Normalized EBITDA is calculated as operating revenues (base bareboat revenue) less operating expenses plus profit sharing plus DPO.
Normalized EBITDA, distributable cash, distributable cash flow per share, and SSSG are non-IFRS measures and as such, do not have standardized meanings under IFRS.
More Definitions of Normalized EBITDA
Normalized EBITDA of the Company shall be an amount equal to $1,030,195.
Normalized EBITDA of the Company shall be an amount equal to C$1,194,653.00;
Normalized EBITDA means EBITDA after Normalizations. As an explanation for the use of this APM, Normalized EBITDA is used to provide insight in the recurring level ofoperational profitability. Please also refer to the definition of Normalizations below.
Normalized EBITDA of CVP shall be an amount equal to $367,284.
Normalized EBITDA of the Company shall be an amount equal to $_______, which has been determined, based on information provided by the Company to Premiere, by (i) calculating the Company's earnings for the fiscal year ended [December 31, 1996] as determined in accordance with generally accepted accounting principles before expense for interest, income taxes and depreciation and amortization, and (ii) adjusting that amount to account for extraordinary or nonrecurring income and expense items taking into consideration ongoing normal operational requirements as determined based on information provided to Premiere.
Normalized EBITDA means, for any period, Consolidated Net Income (or net loss) of the Borrower and its Subsidiaries for such period plus the sum of (i) depreciation expense, (ii) amortization expense, (iii) net total income tax expense and (iv) interest expense (as certified by a Financial Officer on a quarterly basis) for such period, all determined on a consolidated basis in accordance with GAAP applied on a consistent basis; provided that for purposes of calculating Normalized EBITDA for fiscal quarters ending May 30, 1997, November 28, 1997 and February 28, 1998, there shall be added to Consolidated Net Income (or net loss) for such quarters the amounts of $2,853,000, $3,044,000 and $10,646,000, respectively, which arise from extraordinary losses or non-cash charges, as the case may be.
Normalized EBITDA means (i) net income before interest, income taxes, depreciation, amortization of Seller as determined in accordance with GAAP for each of the four fiscal years ended June 30, 2012; (ii) plus property and sales and use taxes, parent company management fees unrelated to the recurring operations of the Facilities, other costs and expenses that would not exist under the new ownership or which do not reflect recurring operations of the Facilities, other extraordinary expense items, and prior period revenue and expense adjustments, all as reflected in the GAAP financials of the Facilities; (iii) minus payments net of expenses for implementation of electronic health records under the American Reinvestment and Recovery Act, extraordinary revenue items in accordance with GAAP, and prior period revenue and expense adjustments, all as reflected in the GAAP financials of the Facilities and as documented by the accounting records underlying the preparation of the Guarantor’s annual reports on Form 10-K as filed with the Securities and Exchange Commission. For purposes of this Agreement, the representation in Section 4.7(b) shall have been materially breached if average annual Normalized EBITDA is ten percent (10%) or more less than $2,460,000.