Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - SMITHFIELD FOODS INC | d558168d8k.htm |
Exhibit 99.1
| FY 2011 |
FY 2012 |
FY 2013 |
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| (in millions) | ||||||||||||
| Net Income |
521.0 | 361.3 | 183.8 | |||||||||
| Income tax expense |
236.1 | 172.4 | 46.1 | |||||||||
| Depreciation and amortization |
231.9 | 242.8 | 239.9 | |||||||||
| Interest expense |
245.4 | 176.7 | 168.7 | |||||||||
| Other financing costs (1) |
8.6 | 4.7 | 5.8 | |||||||||
| (Income) loss from equity method investments |
(50.1 | ) | 9.9 | (15.0 | ) | |||||||
| Dividends from equity method investments (2) |
4.9 | — | 0.5 | |||||||||
| Loss on debt extinguishment |
92.5 | 12.2 | 120.7 | |||||||||
| Net litigation (benefit) charge |
(19.1 | ) | 22.2 | — | ||||||||
| Gain on fire insurance recovery |
(120.6 | ) | — | — | ||||||||
| Impairment and other disposal costs |
20.2 | 2.8 | — | |||||||||
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| Adjusted EBITDA |
1,170.8 | 1,005.0 | 750.5 | |||||||||
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| (1) | Other financing costs include capitalized interest, the amortization of certain debt costs, and certain letter of credit expenses. |
| (2) | In event of a loss from equity method investments, dividends are only added back to the extent they exceed the loss. |