|
ORBOTECH LTD. | |||||
|
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA | |||||
|
U.S. dollars in thousands | |||||
|
(Unaudited) | |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 months ended |
|
12 months ended | ||
|
|
March 31 |
|
December 31 | ||
|
|
2016 |
|
2015 |
|
2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Orbotech Ltd. on GAAP basis |
$15,754 |
|
$11,801 |
|
$56,771 |
|
Minority interest and equity losses |
89 |
|
253 |
|
560 |
|
Tax expenses |
2,845 |
|
1,752 |
|
13,788 |
|
Financial expenses |
4,664 |
|
6,471 |
|
23,585 |
|
Depreciation and amortization |
10,251 |
|
12,660 |
|
45,282 |
|
Gain from the sale of the Thermal activity, net of tax effect |
|
|
|
|
(628) |
|
Equity- based compensation expenses |
1,680 |
|
889 |
|
3,816 |
|
ADJUSTED EBITDA |
$35,283 |
|
$33,826 |
|
$143,174 |
|
|
|
|
|
|
|
|
ORBOTECH LTD. | |
|
RECONCILIATION OF GAAP NET INCOME TO CREDIT FACILITY EBITDA | |
|
U.S. dollars in thousands | |
|
(Unaudited) | |
|
|
|
|
|
|
|
|
12 months ended |
|
|
March 31 |
|
|
2016 |
|
|
|
|
|
|
|
Net income attributable to Orbotech Ltd. on GAAP basis |
$60,724 |
|
Minority interest and equity losses |
396 |
|
Tax expenses |
14,881 |
|
Financial expenses |
21,778 |
|
Depreciation and amortization |
42,873 |
|
Equity- based compensation expenses |
4,607 |
|
Gain from the sale of the Thermal activity |
(628) |
|
Litigation expenses |
497 |
|
CREDIT FACILITY EBITDA |
$145,128 |
|
|
|
