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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) | ||||||||||||
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Three Months Ended |
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June 30, 2017 |
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March 31, 2017 |
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June 30, 2016 |
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Net income (loss) |
|
$ |
(8,059) |
|
|
$ |
43,738 |
|
|
$ |
(17,816) |
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Adjustments: |
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Interest expense, net |
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5,187 |
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|
|
4,976 |
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|
4,001 |
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Income tax expenses |
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|
538 |
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|
853 |
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|
272 |
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Depreciation and amortization |
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|
6,773 |
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|
6,758 |
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|
6,228 |
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EBITDA |
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4,439 |
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|
56,325 |
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|
(7,315) |
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Restructuring and other charges (gain) |
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— |
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(17,010) |
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|
1,305 |
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Early termination charges |
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2,262 |
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|
11,107 |
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|
4,240 |
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Equity-based compensation expense |
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|
349 |
|
|
|
830 |
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|
|
968 |
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Foreign currency loss (gain), net |
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|
11,905 |
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|
(41,786) |
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|
7,101 |
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Derivative valuation loss (gain), net |
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|
467 |
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(637) |
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|
8 |
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Restatement related expenses |
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|
900 |
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|
|
4,259 |
|
|
|
2,306 |
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Adjusted EBITDA |
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$ |
20,322 |
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|
$ |
13,088 |
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$ |
8,613 |
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Net income (loss) |
|
$ |
(8,059) |
|
|
$ |
43,738 |
|
|
$ |
(17,816) |
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Adjustments: |
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|
|
|
|
|
|
|
|
|
|
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Restructuring and other charges (gain) |
|
|
— |
|
|
|
(17,010) |
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|
|
1,305 |
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Early termination charges |
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|
2,262 |
|
|
|
11,107 |
|
|
|
4,240 |
|
|
Equity-based compensation expense |
|
|
349 |
|
|
|
830 |
|
|
|
968 |
|
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Foreign currency loss (gain), net |
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|
11,905 |
|
|
|
(41,786) |
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|
|
7,101 |
|
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Derivative valuation loss (gain), net |
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|
467 |
|
|
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(637) |
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|
|
8 |
|
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Restatement related expenses |
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|
900 |
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|
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4,259 |
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|
|
2,306 |
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Adjusted Net Income (Loss) |
|
$ |
7,824 |
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|
$ |
501 |
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|
$ |
(1,888) |
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Adjusted Net Income (Loss) per common share: |
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- Basic |
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$ |
0.23 |
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$ |
0.01 |
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$ |
(0.05) |
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- Diluted |
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$ |
0.21 |
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$ |
0.01 |
|
|
$ |
(0.05) |
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Weighted average number of shares – Basic |
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|
33,952,574 |
|
|
|
33,662,297 |
|
|
|
34,716,081 |
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Weighted average number of shares – Diluted |
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44,974,577 |
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|
|
34,301,291 |
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34,716,081 |
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