|
MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA AND ADJUSTED NET INCOME (In thousands of US dollars, except share data) (Unaudited) | |||||||||
|
| |||||||||
|
|
Three Months Ended | ||||||||
|
|
|
March 31,
|
|
|
December 31,
|
|
|
March 31,
| |
|
Net loss |
$ |
(20,029) |
|
$ |
(63,830) |
|
$ |
(21,605) | |
|
Adjustments: |
|
|
|
|
|
|
|
| |
|
Depreciation and amortization |
|
6,870 |
|
|
7,143 |
|
|
7,268 | |
|
Interest expense, net |
|
4,063 |
|
|
4,134 |
|
|
4,070 | |
|
Income tax expense (benefit) |
|
1,133 |
|
|
(247) |
|
|
803 | |
|
Restructuring and impairment charges |
|
— |
|
|
10,269 |
|
|
— | |
|
Equity-based compensation expense |
|
185 |
|
|
407 |
|
|
617 | |
|
Foreign currency loss, net |
|
3,176 |
|
|
30,161 |
|
|
9,407 | |
|
Derivative valuation loss (gain), net |
|
— |
|
|
(49) |
|
|
16 | |
|
Restatement related expenses |
|
7,058 |
|
|
12,145 |
|
|
4,797 | |
|
Adjusted EBITDA |
$ |
2,456 |
|
$ |
133 |
|
$ |
5,373 | |
|
Adjusted EBITDA per common share: |
|
|
|
|
|
|
|
| |
|
- Diluted |
$ |
0.07 |
|
$ |
0.00 |
|
$ |
0.16 | |
|
Weighted average number of shares - Diluted |
|
34,056,468 |
|
|
34,056,413 |
|
|
34,052,875 | |
|
|
|
|
|
|
|
|
|
| |
|
Net loss |
$ |
(20,029) |
|
$ |
(63,830) |
|
$ |
(21,605) | |
|
Adjustments: |
|
|
|
|
|
|
|
| |
|
Restructuring and impairment charges |
|
— |
|
|
10,269 |
|
|
— | |
|
Equity-based compensation expense |
|
185 |
|
|
407 |
|
|
617 | |
|
Amortization of intangibles |
|
— |
|
|
120 |
|
|
357 | |
|
Foreign currency loss, net |
|
3,176 |
|
|
30,161 |
|
|
9,407 | |
|
Derivative valuation loss (gain), net |
|
— |
|
|
(49) |
|
|
16 | |
|
Restatement related expenses |
|
7,058 |
|
|
12,145 |
|
|
4,797 | |
|
Adjusted net loss |
$ |
(9,610) |
|
$ |
(10,777) |
|
$ |
(6,411) | |
|
Adjusted net loss per common share: |
|
|
|
|
|
|
|
| |
|
- Diluted |
$ |
(0.28) |
|
$ |
(0.32) |
|
$ |
(0.19) | |
|
Weighted average number of shares - Diluted |
|
34,056,468 |
|
|
34,056,413 |
|
|
34,052,875 | |
