EX-99.7 8 a14-11451_1ex99d7.htm EX-99.7

Exhibit 99.7

 

 

 

RECONCILIATION OF NON-GAAP FINANCIAL MEASURE*

 

 

EBITDA is a measure used to measure operating performance, defined as income before interest, income taxes and non-controlling interest plus depreciation and amortization. Orbital believes the inclusion of EBITDA is appropriate to provide additional information to investors about certain material non-cash items and combined company EBITDA during the period.

 

($M)

 

ATK A&D
Trailing
Twelve Months
Ended
12/31/2013
(unaudited)

 

Orbital
As
Reported
Year ended
12/31/2013

 

Estimated
Purchase
Accounting
Adjustments
Year ended
12/31/2013
(unaudited)

 

Combined
Orbital
ATK
Year ended
12/31/2013
(unaudited)

 

EBIT

 

$

356

 

$

114

 

$

(35

)

$

470

 

Addback: Depreciation &

 

 

 

 

 

 

 

 

 

Amortization

 

74

 

41

 

35

 

115

 

EBITDA

 

430

 

155

 

 

585

 

 

 

 

*Supplement to April 29, 2014 Investor Presentation and Press Release