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

Exhibit 99.2

 

     JARDEN CORPORATION
LOGO   

Reconciliation of GAAP to NON GAAP

For the quarters and years ended December 31, 2008 and 2007

 

     Quarters ended     Years ended
(in millions)    December 31,
2008		     December 31,
2007		     December 31,
2008		     December 31,
2007

Reconciliation of Non-GAAP measure:

         

Net income (loss)

      (170.4 )     (11.2 )     (58.9 )     28.1

Income tax provision (benefit)

      (44.0 )     12.5       26.3       38.5

Interest expense, net

      45.9       49.0       178.7       149.7

Loss on early extinguishment of debt

      —         —         —         15.7

Depreciation and amortization

      30.6       31.5       120.3       96.4
                              

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

      (137.9 )     81.8       266.4       328.4

Other adjustments:

         

Reorganization, acquisition-related integration costs, net

      25.2       20.1       59.8       49.6

Purchase accounting adjustments for manufacturer’s profit in inventory

      —         46.5       —         118.9

Impairment of goodwill and other intangibles

      283.2       —         283.2       —  

Duplicative administration costs

      —         0.6       —         0.6

Inventory write-off

      —         4.0       —         4.0
                              

As Adjusted EBITDA

    $ 170.5     $ 153.0     $ 609.4     $ 501.5