Lease Liabilities, Net of Current Portion 260,790
Other long-Term Liabilities 72,510
Total Equity 1,774,721
-----------
Total Liabilities and Equity $ 2,514,872
===========
Green Thumb Industries Inc.
Supplemental Information (Unaudited) Regarding Non-GAAP
Financial Measures
For the Three Months Ended September 30, 2024, June
30, 2024 and September 30, 2023
(Amounts Expressed in Thousands of United States Dollars)
---------------------------------------------------------
EBITDA, and Adjusted EBITDA are non-GAAP measures and do not have standardized definitions under GAAP. We define each term as follows:
(1) EBITDA is defined as earnings before interest, taxes, other income or expense and depreciation and amortization.
(2) Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, and amortization, adjusted for other income, non-cash share-based compensation, one-time transaction related expenses, or other non-operating (income) or costs.
The following information provides reconciliations of the supplemental non-GAAP financial measures, presented herein to the most directly comparable financial measures calculated and presented in accordance with GAAP. The Company has provided the non-GAAP financial measures, which are not calculated or presented in accordance with GAAP, as supplemental information and in addition to the financial measures that are calculated and presented in accordance with GAAP. These supplemental non-GAAP financial measures are presented because management has evaluated the financial results both including and excluding the adjusted items and believe that the supplemental non-GAAP financial measures presented provide additional perspective and insights when analyzing the core operating performance of the business. These supplemental non-GAAP financial measures should not be considered superior to, as a substitute for or as an alternative to, and should be considered in conjunction with, the GAAP financial measures presented.
Three Months Ended
---------------------------------------------
September 30, September 30,
Adjusted EBITDA 2024 June 30, 2024 2023
------------- ------------- -------------
(Unaudited) (Unaudited) (Unaudited)
Net Income Before
Noncontrolling
Interest (GAAP) $ 8,781 $ 20,918 $ 10,807
Interest Income, net (2,665) (2,314) (1,576)
Interest Expense,
net 5,296 5,981 4,639
Provision For Income
Taxes 30,922 31,899 34,526
Other (Income)
Expense, net 290 (2,464) 631
Depreciation and
Amortization 28,492 27,985 25,628
--------- --- -------- --- --------
Earnings Before
Interest, Taxes,
Depreciation and
Amortization
(EBITDA) (non-GAAP
measure) $ 71,116 $ 82,005 $ 74,655
========= === ======== === ========
Share-based
Compensation,
Non-Cash 8,349 8,866 7,215
Acquisition,
Transaction, and
Other Non-Operating
(Income) Costs 9,727 2,925 1,119
--------- --- -------- --- --------
Adjusted EBITDA
(non-GAAP measure) $ 89,192 $ 93,796 $ 82,989
========= === ======== === ========
This press release was published by a CLEAR$(R)$ Verified individual.
(END) Dow Jones Newswires
November 07, 2024 16:02 ET (21:02 GMT)
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