EX-99.2 3 dex992.htm RECONCILIATION OF OPERATING LOSS TO EBITDA Reconciliation of Operating Loss to EBITDA

Exhibit 99.2

DOVER MOTORSPORTS, INC.

SUPPLEMENTAL DATA

RECONCILIATION OF OPERATING LOSS TO EBITDA

In Thousands

(Unaudited)

 

     Three Months Ended
March  31,		  

Reconciliation of operating loss to EBITDA:

      2010       2009  
                

Operating loss

    $ (6,462 )    $ (6,737 ) 

Depreciation and amortization

      1,582       1,565  
                

EBITDA

    $ (4,880 )    $ (5,172 ) 
                

We define EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is a supplemental non-GAAP financial measure commonly used by management and industry analysts to evaluate our operations. We believe that EBITDA provides useful information to investors regarding our ability to service debt. EBITDA should not be construed as an alternative to operating earnings (as an indicator of our operating performance) or cash flows from operations (as a measure of liquidity) as determined in accordance with accounting principles generally accepted in the United States of America. Not all companies calculate EBITDA in the same manner, and EBITDA as presented by Dover Motorsports, Inc. may not be comparable to similarly titled measures presented by other companies.