Attached files
| file | filename |
|---|---|
| 8-K - LIVE FILING - Booz Allen Hamilton Holding Corp | htm_45520.htm |
BOOZ ALLEN HAMILTON INC.
CONSOLIDATED EBITDA CALCULATION
(in thousands)
| Fiscal Year End March 31, | ||||||||||||||||||||
| 2010 | 2011 | 2012 | ||||||||||||||||||
Net income
|
$ | 25,404 | $ | 84,649 | $ | 239,969 | ||||||||||||||
Plus Operating Items:
|
||||||||||||||||||||
Income tax provision
|
23,565 | 43,370 | 103,925 | |||||||||||||||||
Net Interest Expense
|
149,293 | 131,083 | 47,427 | |||||||||||||||||
Operating Depreciation and Amortization
|
51,475 | 49,870 | 57,537 | |||||||||||||||||
Stock-based Compensation Expense
|
71,897 | 48,678 | 30,935 | |||||||||||||||||
Sarbanes-Oxley Preparation Costs
|
2,510 | 755 | 878 | |||||||||||||||||
Carlyle Management Fees
|
1,000 | 1,000 | 1,000 | |||||||||||||||||
Restructuring Charge
|
- | - | 15,660 | |||||||||||||||||
| Net Gain on Sale of State and Local Transportation Business |
- | - | (5,681 | ) | ||||||||||||||||
| |
||||||||||||||||||||
Subtotal of Operating Items
|
299,740 | 274,756 | 251,681 | |||||||||||||||||
Transaction Fees
|
3,723 | 64,365 | — | |||||||||||||||||
Plus Items Related to Purchase Accounting:
|
||||||||||||||||||||
PPA Depreciation and Amortization
|
44,288 | 30,733 | 17,668 | |||||||||||||||||
Increased Rent Expense
|
5,235 | 4,850 | 2,464 | |||||||||||||||||
| Bad Debt Expense for Excess Charges |
1,074 | - | - | |||||||||||||||||
| |
||||||||||||||||||||
Subtotal of Items Related to Purchase Accounting |
50,597 |
35,583 |
20,132 |
|||||||||||||||||
Consolidated EBITDA
|
$ | 379,464 | $ | 459,353 | $ | 511,782 | ||||||||||||||
Consolidated EBITDA is a financial measure used in Booz Allen Hamilton Inc.’s existing senior secured credit facilities and expected to be used in the new senior secured credit facilities. Consolidated EBITDA is not a recognized measurement under U.S. Generally Accepted Accounting Principles and should not be considered as an alternative to operating income or net income, as a measure of operating results, or cash flows, as a measure of liquidity. Consolidated EBITDA differs from the term “EBITDA” as it is commonly used, from “Adjusted EBITDA” as reported by Booz Allen and may vary from and may not be comparable to similarly titled measures by other companies in Booz Allen’s industry.