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These excerpts taken from the AYR 10-K filed Mar 2, 2009. Management’s
Use of EBITDA
We define EBITDA as income (loss) from continuing operations
before income taxes, interest expense, and depreciation and
amortization. We use EBITDA to assess our consolidated financial
and operating performance, and we believe this non-GAAP measure
is helpful in identifying trends in our performance.
This measure provides an assessment of controllable expenses and
affords management the ability to make decisions which are
expected to facilitate meeting current financial goals as well
as achieving optimal financial performance. It provides an
indicator for management to determine if adjustments to current
spending decisions are needed.
EBITDA provides us with a measure of operating performance
because it assists us in comparing our operating performance on
a consistent basis as it removes the impact of our capital
structure (primarily interest charges on our outstanding debt)
and asset base (primarily depreciation and amortization) from
our operating results. Accordingly, this metric measures our
financial performance based on operational factors that
management can impact in the short-term, namely the cost
structure, or expenses, of the organization. EBITDA is one of
the metrics used by senior management and the board of directors
to review the consolidated financial performance of our business.
Management’s Use of EBITDA We define EBITDA as income (loss) from continuing operations before income taxes, interest expense, and depreciation and amortization. We use EBITDA to assess our consolidated financial and operating performance, and we believe this non-GAAP measure is helpful in identifying trends in our performance. This measure provides an assessment of controllable expenses and affords management the ability to make decisions which are expected to facilitate meeting current financial goals as well as achieving optimal financial performance. It provides an indicator for management to determine if adjustments to current spending decisions are needed. EBITDA provides us with a measure of operating performance because it assists us in comparing our operating performance on a consistent basis as it removes the impact of our capital structure (primarily interest charges on our outstanding debt) and asset base (primarily depreciation and amortization) from our operating results. Accordingly, this metric measures our financial performance based on operational factors that management can impact in the short-term, namely the cost structure, or expenses, of the organization. EBITDA is one of the metrics used by senior management and the board of directors to review the consolidated financial performance of our business. This excerpt taken from the AYR 10-Q filed Nov 17, 2008. Management’s
Use of EBITDA
We define EBITDA as income (loss) from continuing operations
before income taxes, interest expense, and depreciation and
amortization. We use EBITDA to assess our consolidated financial
and operating performance, and we believe this non-GAAP measure
is helpful in identifying trends in our performance.
Table of Contents
This measure provides an assessment of controllable expenses and
affords management the ability to make decisions which are
expected to facilitate meeting current financial goals as well
as achieving optimal financial performance. It provides an
indicator for management to determine if adjustments to current
spending decisions are needed.
EBITDA provides us with a measure of operating performance
because it assists us in comparing our operating performance on
a consistent basis as it removes the impact of our capital
structure (primarily interest charges on our outstanding debt)
and asset base (primarily depreciation and amortization) from
our operating results. Accordingly, this metric measures our
financial performance based on operational factors that
management can impact in the short-term, namely the cost
structure or expenses of the organization. EBITDA is one of the
metrics used by senior management and the board of directors to
review the consolidated financial performance of our business.
This excerpt taken from the AYR 10-Q filed Aug 8, 2008. Management’s
Use of EBITDA
We define EBITDA as income (loss) from continuing operations
before income taxes, interest expense, and depreciation and
amortization. We use EBITDA to assess our consolidated financial
and operating performance, and we believe this non-GAAP measure
is helpful in identifying trends in our performance.
This measure provides an assessment of controllable expenses and
affords management the ability to make decisions which are
expected to facilitate meeting current financial goals as well
as achieving
Table of Contents
optimal financial performance. It provides an indicator for
management to determine if adjustments to current spending
decisions are needed.
EBITDA provides us with a measure of operating performance
because it assists us in comparing our operating performance on
a consistent basis as it removes the impact of our capital
structure (primarily interest charges on our outstanding debt)
and asset base (primarily depreciation and amortization) from
our operating results. Accordingly, this metric measures our
financial performance based on operational factors that
management can impact in the short-term, namely the cost
structure or expenses of the organization. EBITDA is one of the
metrics used by senior management and the board of directors to
review the consolidated financial performance of our business.
This excerpt taken from the AYR 8-K filed Sep 26, 2007. Management’s Use of EBITDA We define EBITDA as income (loss) from continuing operations before income taxes, interest expense, and depreciation and amortization. We use EBITDA to assess our consolidated financial and operating performance, and we believe this non-GAAP measure is helpful in identifying trends in our performance.
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This measure provides an assessment of controllable expenses and affords management the ability to make decisions which are expected to facilitate meeting current financial goals as well as achieve optimal financial performance. It provides an indicator for management to determine if adjustments to current spending decisions are needed. EBITDA provides us with a measure of operating performance because it assists us in comparing our operating performance on a consistent basis as it removes the impact of our capital structure (primarily interest charges on our outstanding debt) and asset base (primarily depreciation and amortization) from our operating results. Accordingly, this metric measures our financial performance based on operational factors that management can impact in the short-term, namely the cost structure or expenses of the organization. EBITDA is one of the metrics used by senior management and the board of directors to review the consolidated financial performance of our business. | EXCERPTS ON THIS PAGE:
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