BrightSphere Investment Group Inc. Announces Agreement to Sell Affiliate, Thompson, Siegel and Walmsley LLC - Seite 3
Non-GAAP Financial Measures
This release contains references to Adjusted EBITDA, which is a non-GAAP financial measure. A reconciliation of Adjusted EBITDA to GAAP net income attributable to controlling interests is included below. The Company notes that its calculation of Adjusted EBITDA may not be consistent with Adjusted EBITDA as calculated by other companies.
Reconciliation of TSW GAAP net income attributable to controlling interests to Adjusted EBITDA for the year ended December 31, 2020 |
$ in millions
U.S. GAAP net income attributable to controlling interests
$22.1
Non-cash key employee-owned equity and profit interest revaluations
(5.1
)
Depreciation and amortization
0.4
Income tax expense
7.8
Adjusted EBITDA
$25.2
_______________________________
1 See “Non-GAAP Measures” and “Reconciliation of TSW GAAP net income attributable to controlling interests to Adjusted EBITDA” at the end of this release for more information.
2 In the first quarter of 2021, BrightSphere announced the divestiture of Investment Counselors of Maryland and Landmark Partners, which are each expected to close in the second quarter
of 2021. These figures give effect to these divestitures.
Lesen Sie auch
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