EX-99.2 3 a17-18469_1ex99d2.htm EX-99.2

Exhibit 99.2

 

DOVER DOWNS GAMING & ENTERTAINMENT, INC.

SUPPLEMENTAL DATA

RECONCILIATION OF NET EARNINGS (LOSS) TO EBITDA

In Thousands

(Unaudited)

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2017

 

2016

 

2017

 

2016

 

Reconciliation of net earnings (loss) to EBITDA:

 

 

 

 

 

 

 

 

 

Net earnings (loss)

 

$

32

 

$

796

 

$

(152

)

$

557

 

Income tax (benefit) expense

 

(17

)

495

 

10

 

539

 

Earnings (loss) before income taxes

 

15

 

1,291

 

(142

)

1,096

 

Interest expense

 

208

 

218

 

417

 

447

 

Depreciation

 

2,086

 

1,953

 

4,032

 

3,840

 

EBITDA

 

$

2,309

 

$

3,462

 

$

4,307

 

$

5,383

 

 

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 net earnings (loss) (as an indicator of our operating performance) 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 Downs Gaming & Entertainment, Inc. may not be comparable to similarly titled measures presented by other companies.