EX-99.2 3 dex992.htm RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Reconciliation of non-GAAP Financial Measures

Exhibit 99.2

 

LOGO  

JARDEN CORPORATION

Reconciliation of GAAP to NON GAAP

For the three and six months ended June 30, 2008 and 2007

 

     Three months ended    Six months ended
(in millions)    June 30,
2008
   June 30,
2007
   June 30,
2008
   June 30,
2007

Reconciliation of Non-GAAP measure:

           

Net income

     43.0      16.7      47.7      18.1

Income tax provision

     27.6      12.8      34.0      12.6

Interest expense, net

     42.6      32.7      88.8      57.7

Loss on early extinguishment of debt

     —        0.9      —        15.7

Depreciation and amortization

     29.8      20.7      58.9      38.9
                           

Earnings before interest, taxes, depreciation and amortization (EBITDA)

     143.0      83.8      229.4      143.0

Other adjustments:

           

Reorganization and acquisition-related integration costs

     11.1      9.4      21.8      18.5

Purchase accounting adjustment for the elimination of manufacturer’s profit in inventory

     —        27.1      —        27.1
                           

As Adjusted EBITDA

   $ 154.1    $ 120.3    $ 251.2    $ 188.6