Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - JARDEN CORP | d607099d8k.htm |
| EX-99.1 - EX-99.1 - JARDEN CORP | d607099dex991.htm |
Exhibit 99.2
JARDEN CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP
Supplemental Pro Forma Financial Information (unaudited)
| ($ in millions) | ||||||||||||
| Jarden 12 Months Ended 6/30/2013 |
Yankee Candle 52 Weeks Ended 6/29/2013 |
Pro Forma 12 Months Ended 6/30/2013 |
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| Net sales |
$ | 6,865 | $ | 863 | $ | 7,728 | ||||||
| Adjusted EBITDA (Segment Earnings) |
$ | 813 | $ | 205 | $ | 1,018 | ||||||
Jarden Latest Twelve Months (“LTM”) Segment Earnings Reconciliation (unaudited)
| ($ in millions) | Year Ended | Six Months Ended | LTM Ended | |||||||||||||
| 12/31/2012 | 6/30/2013 | 6/30/2012 | 6/30/2013 | |||||||||||||
| Reconciliation of Non-GAAP measure: |
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| Net income |
$ | 244 | $ | 72 | $ | 118 | $ | 198 | ||||||||
| Income tax provision |
148 | 42 | 70 | 120 | ||||||||||||
| Interest expense, net |
185 | 96 | 90 | 191 | ||||||||||||
| Loss on early extinguishment of debt |
— | 26 | — | 26 | ||||||||||||
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| Operating Earnings |
$ | 577 | $ | 236 | $ | 278 | $ | 535 | ||||||||
| Adjustments to reconcile to Segment Earnings |
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| Depreciation and amortization |
$ | 153 | $ | 76 | $ | 71 | $ | 158 | ||||||||
| Fair market value adjustments to inventory |
6 | 5 | — | 11 | ||||||||||||
| Reorganization costs, net |
27 | 2 | — | 29 | ||||||||||||
| Acquisition-related and other costs, net |
17 | — | — | 17 | ||||||||||||
| Venezuela devaluation-related charges |
— | 29 | — | 29 | ||||||||||||
| Cumulative adjustment of stock compensation |
34 | — | — | 34 | ||||||||||||
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| Segment Earnings |
$ | 814 | $ | 348 | $ | 349 | $ | 813 | ||||||||
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Yankee Candle Segment Earnings Reconciliation (unaudited)
| ($ in millions) | 52 Weeks Ended 12/29/2012 |
26 Weeks Ended | 52 Weeks Ended 6/29/2013 |
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| 6/29/2013 | 6/30/2012 | |||||||||||||||
| Reconciliation of Non-GAAP measure: |
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| Net income (loss) |
$ | 33 | $ | (18 | ) | $ | (28 | ) | $ | 43 | ||||||
| Provision of income taxes |
22 | (9 | ) | (16 | ) | 29 | ||||||||||
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| Income (loss) from continuing operations before provision for income taxes |
$ | 55 | $ | (27 | ) | $ | (44 | ) | $ | 72 | ||||||
| Adjustments to reconcile to Income from continuing operations before provision for income taxes |
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| Interest expense |
$ | 107 | $ | 49 | $ | 53 | $ | 103 | ||||||||
| Depreciation and amortization |
35 | 17 | 18 | 34 | ||||||||||||
| Amortization included in interest expense |
(7 | ) | (4 | ) | (3 | ) | (8 | ) | ||||||||
| Realized gain on derivative contracts |
(8 | ) | (2 | ) | (4 | ) | (6 | ) | ||||||||
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| EBITDA from Continuing Operations |
$ | 182 | $ | 33 | $ | 20 | $ | 195 | ||||||||
| Loss on early extinguishment of debt |
13 | — | 13 | — | ||||||||||||
| Restructuring costs |
2 | 1 | 1 | 2 | ||||||||||||
| Non-recurring advisory fee |
1 | 1 | 1 | 1 | ||||||||||||
| Realized losses on foreign currency |
1 | — | 1 | — | ||||||||||||
| Non-cash equity based compensation |
1 | — | — | 1 | ||||||||||||
| Other one-time charges |
1 | 1 | 1 | 1 | ||||||||||||
| Estimated impact of certain non-recurring events |
5 | 1 | 1 | 5 | ||||||||||||
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| Segment Earnings |
$ | 206 | $ | 37 | $ | 38 | $ | 205 | ||||||||
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