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SEC Filings

8-K
WORLDPAY, INC. filed this Form 8-K on 05/02/2019
Entire Document
 


Schedule 6
Worldpay, Inc.
Reconciliation of GAAP Net Income to Adjusted EBITDA
(Unaudited)
(in millions)
 
Three Months Ended March 31,
 
 
 
2019
 
2018
 
% Change
Net income (loss)
$
38.1

 
$
(98.3
)
 
NM

Income tax benefit
(0.4
)
 
(13.2
)
 
NM

Non-operating (income) expense(1)
(3.5
)
 
8.6

 
NM

Interest expense—net
72.1

 
75.2

 
(4
)%
Share-based compensation
33.0

 
17.2

 
92
 %
Transition, acquisition and integration costs(2)
42.4

 
177.4

 
(76
)%
Depreciation and amortization
264.4

 
207.2

 
28
 %
Adjusted EBITDA
$
446.1

 
$
374.1

 
19
 %
Non-GAAP Financial Measures
This schedule presents adjusted EBITDA, which is an important financial performance measure for the Company, but is not a financial measure as defined by GAAP. Such financial measure should not be considered as an alternative to GAAP net income, and such measure may not be comparable to those reported by other companies. 
 
(1) 
See note (1) in Schedule 1.
(2) 
See notes (1) and (2) in Schedule 2.



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