ACCO BRANDS Corp - FORM 8-K - EX-99.3 - RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED SUPPLEMENTAL EBITDA

file	filename
EX-99.5 - SUPPLEMENTAL NET SALES GROWTH ANALYSIS - ACCO BRANDS Corp	dex995.htm
EX-99.4 - SUPPLEMENTAL BUSINESS SEGMENT INFORMATION - ACCO BRANDS Corp	dex994.htm
EX-99.2 - RECONCILIATION OF REPORTED CONSOLIDATED RESULTS TO ADJUSTED RESULTS - ACCO BRANDS Corp	dex992.htm
8-K - FORM 8-K - ACCO BRANDS Corp	d8k.htm
EX-99.1 - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - ACCO BRANDS Corp	dex991.htm

Exhibit 99.3

ACCO Brands Corporation

Reconciliation of Net Income (Loss) to Adjusted Supplemental EBITDA from Continuing Operations

(Unaudited)

(In millions of dollars)


	Quarter Ended
	March 31, 2011
Net loss	$	(8.1	)
Discontinued operations		(0.9	)
Income taxes, impact of adjustments		5.8


Adjusted income (loss) from continuing operations		(3.2	)

Interest expense, net		19.2
Adjusted income tax benefit		(1.3	)
Depreciation expense		7.1
Amortization of intangibles		1.7
Other income, net		(0.2	)
Stock-based compensation expense		0.8


Adjusted supplemental EBITDA from continuing operations	$	24.1


Adjusted supplemental EBITDA from continuing operations as a % of Net sales		8.1	%


	Quarter Ended			Quarter Ended			Quarter Ended			Quarter Ended			Year Ended
	March 31, 2010			June 30, 2010			September 30, 2010			December 31, 2010			December 31, 2010
Net income (loss)		(4.7	)		4.9			5.4			6.8			12.4
Discontinued operations		(0.5	)		(0.6	)		(1.0	)		(2.5	)		(4.6	)
Income taxes, impact of adjustments		6.1			—			4.3			8.7			19.1


Adjusted income from continuing operations	$	0.9		$	4.3		$	8.7		$	13.0		$	26.9

Interest expense, net		19.5			19.7			19.7			19.4			78.3
Adjusted income tax expense		0.4			1.9			3.8			5.5			11.6
Depreciation expense		7.6			7.3			7.5			7.1			29.5
Amortization of intangibles		1.8			1.6			1.7			1.6			6.7
Other expense, net		0.9			0.2			0.1			—			1.2
Stock-based compensation expense		0.8			1.6			0.1			1.7			4.2


Adjusted supplemental EBITDA from continuing operations	$	31.9		$	36.6		$	41.6		$	48.3		$	158.4


Adjusted supplemental EBITDA from continuing operations as a % of Net sales		10.6	%		12.0	%		13.0	%		13.4	%		12.3	%

ACCO BRANDS Corp - FORM 8-K - EX-99.3 - RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED SUPPLEMENTAL EBITDA - June 29, 2011