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 89.1$ 26.6$ 357.7$ 149.4$
Add back:
Interest expense 74.2 65.4 250.0 271.9
Income tax expense (benefit) (6.9) 39.1 40.0 43.9
Depreciation and amortization, net of accelerated depreciation
Depreciation of properties 22.9 23.5 89.1 82.2
Amortization of intangibles 23.4 23.8 93.9 87.8
EBITDA - Consumer Products segment 202.7 178.4 830.7 635.2
Stock-based compensation 17.0 11.3 64.4 47.6
Acquisition and integration related charges 5.5 14.6 36.7 58.8
Restructuring and related charges 7.0 6.4 15.2 28.7
Write-off from impairment of intangible assets 4.7 - 4.7 -
Purchase accounting inventory adjustment - 14.0 - 21.7
Venezuela devaluation - 2.5 - 2.5
Other - 2.2 1.1 6.1
Adjusted EBITDA - Consumer Products segment 236.9$ 229.4$ 952.8$ 800.6$
Fiscal Quarter (a) Fiscal Twelve Months (b)
a. For the three months ended September 30, 2016 and September 30, 2015, respectively.
b. For the twelve months ended September 30, 2016 and September 30, 2015, respectively..
