Upbound Group, Inc. Reports Fourth Quarter and Full Year 2023 Results - Seite 2

Exhibit 1 - Reconciliation of diluted earnings per share to Non-GAAP diluted earnings per share
Three Months Ended December 31, 2023	Diluted Earnings
	per Share
GAAP Results	(0.21	)

Plus: Special Items Acima equity consideration vesting

0.94

 

Acima acquired assets depreciation and amortization ⁽¹⁾

0.25

 

Accelerated software depreciation

0.06

 

Legal settlements

-

 

Discrete income tax items

(0.23

)

Non-GAAP Adjusted Results

0.81

 

⁽¹⁾ Includes amortization of approximately $14.2 million related to the total fair value of acquired intangible assets and incremental depreciation of approximately $4.0 million.  

Year Ended December 31, 2023	Diluted Earnings
	per Share
GAAP Results	(0.09	)
Plus: Special Items
Acima equity consideration vesting	3.13
Acima acquired assets depreciation and amortization (1)	0.67
Accelerated software depreciation	0.12
Legal settlements	0.01
Other (2)	(0.04	)
Discrete income tax items	(0.25	)
Non-GAAP Adjusted Results	3.55
(1) Includes amortization of approximately $57.0 million related to the total fair value of acquired intangible assets and incremental depreciation of approximately $15.9 million.
(2) Represents interest income on tax refunds for prior years received in 2023.

¹ Non-GAAP financial measure. Refer to the explanations and reconciliations elsewhere in this release.

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The Upbound Group Stock at the time of publication of the news with a fall of -1,32 % to 29,80EUR on Tradegate stock exchange (21. Februar 2024, 22:26 Uhr).