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ORBOTECH LTD. |
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|
RECONCILIATION OF GAAP NET INCOME TO ADJUSTED EBITDA |
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|
U.S. dollars in thousands | ||||||||
|
(Unaudited) |
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12 months ended |
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3 months ended |
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December 31 |
|
December 31 |
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|
2015 |
|
2014 |
|
2015 |
|
2014 |
|
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|
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|
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Net income attributable to Orbotech Ltd. on GAAP basis |
$56,771 |
|
$35,380 |
|
$16,047 |
|
$13,122 |
|
|
Minority interest and equity losses |
560 |
|
301 |
|
(37) |
|
(65) |
|
|
Tax expenses |
13,788 |
|
3,419 |
|
2,651 |
|
(1,660) |
|
|
Financial expenses |
23,585 |
|
9,046 |
|
5,180 |
|
5,232 |
|
|
Depreciation and amortization |
45,282 |
|
30,333 |
|
10,544 |
|
12,616 |
|
|
Gain from the sale of the Thermal activity, net of tax effect |
(628) |
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|
|
|
|
|
|
|
Equity-based compensation expenses |
3,816 |
|
3,192 |
|
1,219 |
|
822 |
|
|
SPTS acquisition costs |
|
|
6,761 |
|
|
|
|
|
|
ADJUSTED EBITDA |
$143,174 |
|
$88,432 |
|
$35,604 |
|
$30,067 |
|
|
ORBOTECH LTD. | |
|
RECONCILIATION OF GAAP NET INCOME TO CREDIT FACILITY EBITDA | |
|
U.S. dollars in thousands | |
|
(Unaudited) | |
|
|
|
|
|
|
|
|
12 months ended |
|
|
December 31 |
|
|
2015 |
|
|
|
|
|
|
|
Net income attributable to Orbotech Ltd. on GAAP basis |
$56,771 |
|
Minority interest and equity losses |
560 |
|
Tax expenses |
13,788 |
|
Financial expenses |
23,585 |
|
Depreciation and amortization |
45,282 |
|
Equity-based compensation expenses |
3,816 |
|
Gain from the sale of the Thermal activity |
(628) |
|
Litigation expenses |
680 |
|
CREDIT FACILITY EBITDA |
$143,854 |
