Reconciliation of Net Income (Loss) to Adjusted EBITDA 1
Three Months Ended | |||||||||
(in millions USD) | September 30, 2020 | June 30, 2021 | September 30, 2021 | ||||||
Net income (loss) for the period | ($ 293 | ) | ($ 174 | ) | $ 5 | ||||
Adjustments: | |||||||||
Depreciation and amortization | 612 | 408 | 415 | ||||||
Finance expense | 34 | 29 | 28 | ||||||
Income tax expense (benefit) | (56 | ) | 20 | 22 | |||||
Share based compensation | - | 144 | 29 | ||||||
Restructuring and corporate severance programs | 2 | 5 | 2 | ||||||
(Gains) Losses on transactions, legal settlements and transaction expenses | (24 | ) | 34 | 4 | |||||
Adjusted EBITDA | $ 275 | $ 466 | $ 505 | ||||||