Private & Confidential
Reconciliation of Adjusted EBITDA of Consumer Products Segment to U.S.
GAAP Net Income (Unaudited)
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RECONCILIATION OF ADJUSTED EBITDA OF CONSUMER PRODUCTS SEGMENT TO U.S. GAAP NET INCOME (UNAUDITED)
($ in Millions) 2016 2015 2016 2015
Reported net income - Consumer Products segment 102.2$ 44.9$ 268.6$ 122.8$
Add back:
Interest expense 59.9 112.9 175.8 206.5
Income tax expense 42.5 (23.8) 46.9 4.8
Depreciation and amortization, net of accelerated depreciation
Depreciation of properties 21.8 21.6 66.2 58.7
Amortization of intangibles 23.5 22.3 70.5 64.0
EBITDA - Consumer Products segment 249.9 177.9 628.0 456.8
Stock-based compensation 15.8 16.9 47.4 36.3
Restructuring and related charges 5.4 10.5 8.2 22.3
Acquisition and integration related charges 8.0 24.2 31.2 44.2
Purchase accounting inventory adjustment - 4.7 - 7.7
Other 0.1 2.1 1.1 3.9
Adjusted EBITDA - Consumer Products segment 279.2$ 236.3$ 715.9$ 571.2$
Fiscal Quarter (a) Fiscal Nine Months (b)
a. For the three months ended June 30, 2016 and June 30, 2015, respectively.
b. For the nine months ended June 30, 2016 and June 30, 2015, respectively..
