|
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 |
| |||||||||
|
|
|
June 30, 2016 |
|
|
Mar 31, 2016 |
|
|
June 30, 2015 |
| |||
|
Net income (loss) |
|
$ |
(17,816) |
|
|
$ |
8,125 |
|
|
$ |
(30,626) |
|
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net |
|
|
4,001 |
|
|
|
3,999 |
|
|
|
3,933 |
|
|
Income tax expenses (benefits) |
|
|
272 |
|
|
|
815 |
|
|
|
(602) |
|
|
Depreciation and amortization |
|
|
6,228 |
|
|
|
6,024 |
|
|
|
6,797 |
|
|
EBITDA |
|
$ |
(7,315) |
|
|
$ |
18,963 |
|
|
$ |
(20,498) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restructuring and other (gain), net |
|
|
5,545 |
|
|
|
(6,832) |
|
|
|
— |
|
|
Equity-based compensation expense |
|
|
968 |
|
|
|
536 |
|
|
|
1,792 |
|
|
Foreign currency loss (gain), net |
|
|
7,101 |
|
|
|
(8,195) |
|
|
|
12,296 |
|
|
Derivative valuation loss (gain), net |
|
|
8 |
|
|
|
(42) |
|
|
|
306 |
|
|
Restatement related expenses |
|
|
2,306 |
|
|
|
3,592 |
|
|
|
5,168 |
|
|
Adjusted EBITDA |
|
$ |
8,613 |
|
|
$ |
8,022 |
|
|
$ |
(936) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
(17,816) |
|
|
$ |
8,125 |
|
|
$ |
(30,626) |
|
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Restructuring and other (gain), net |
|
|
5,545 |
|
|
|
(6,832) |
|
|
|
— |
|
|
Equity-based compensation expense |
|
|
968 |
|
|
|
536 |
|
|
|
1,792 |
|
|
Foreign currency loss (gain), net |
|
|
7,101 |
|
|
|
(8,195) |
|
|
|
12,296 |
|
|
Derivative valuation loss (gain), net |
|
|
8 |
|
|
|
(42) |
|
|
|
306 |
|
|
Restatement related expenses |
|
|
2,306 |
|
|
|
3,592 |
|
|
|
5,168 |
|
|
Adjusted net loss |
|
$ |
(1,888) |
|
|
$ |
(2,816) |
|
|
$ |
(11,064) |
|
|
Adjusted net loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
- Basic / Diluted |
|
$ |
(0.05) |
|
|
$ |
(0.08) |
|
|
$ |
(0.32) |
|
|
Weighted average number of shares – Basic / Diluted |
|
|
34,716,081 |
|
|
|
34,698,904 |
|
|
|
34,092,402 |
|
