Exhibit 99.2
JARDEN CORPORATION | ||
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 | |||||||