Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - LEGG MASON, INC. | d746000d8k.htm |
Exhibit 99.1
($ millions)
| Twelve Months Ended | ||||||||||||
| Mar 14 | Mar 13 | Mar 12 | ||||||||||
| Cash provided by operating activities 1 |
$ | 437 | $ | 303 | $ | 497 | ||||||
| Allocation of repurchase prepayment of 2.5% convertible senior notes |
— | 216 | — | |||||||||
| Interest expense, net of non-cash items |
50 | 48 | 41 | |||||||||
| Current tax expense |
19 | 6 | 23 | |||||||||
| Gain on investments |
27 | 38 | 20 | |||||||||
| Net change of other assets and liabilities |
84 | (56 | ) | 4 | ||||||||
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| EBITDA, Bank Defined |
$ | 617 | $ | 555 | $ | 585 | ||||||
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| 1 | See annual report on Form 10-K |
EBITDA, Bank Defined, a liquidity measure, which is the measure of EBITDA that is used in the financial covenants of our bank credit agreement.