Attached files
| file | filename |
|---|---|
| 8-K - 8-K - ASGN Inc | a8-k_midcoxfinancials.htm |
| EX-99.1 - AUDITED FINANCIAL STATEMENTS - ASGN Inc | audited_financialxstatemen.htm |
Exhibit 99.2
MSCP V CC Midco, LLC and Subsidiaries
Condensed Consolidated Statements of Income (Unaudited) (1)
Three Months Ended | |||||||
March 31, | |||||||
2015 | 2014 | ||||||
Revenues | $ | 62,512,181 | $ | 50,203,052 | |||
Cost of Revenue | 36,063,678 | 29,513,553 | |||||
Gross Profit | 26,448,503 | 20,689,499 | |||||
Operating Expenses | |||||||
General and administrative | 13,130,150 | 10,782,400 | |||||
Depreciation and amortization | 4,169,075 | 4,129,592 | |||||
Total Operating Expenses | 17,299,225 | 14,911,992 | |||||
Income from Operations | 9,149,278 | 5,777,507 | |||||
Other Expenses | |||||||
Interest expense | 3,077,478 | 1,536,294 | |||||
Other | (20,794 | ) | 2,382 | ||||
Total Other Expenses | 3,056,684 | 1,538,676 | |||||
Income before Provision for State Income Taxes and Limited Liability Company Fees | 6,092,594 | 4,238,831 | |||||
Provision for State Income Taxes and Limited Liability Company Fees | 1,290 | — | |||||
Net Income | $ | 6,091,304 | $ | 4,238,831 | |||
_____
(1) Information provided by Creative Circle, LLC.
1
MSCP V CC Midco, LLC and Subsidiaries
Reconciliation of Net Income to Adjusted EBITDA (Unaudited) (1)
Three Months Ended | Twelve Months Ended | ||||||||||||||
March 31, | December 31, | ||||||||||||||
2015 | 2014 | 2014 | 2013 | ||||||||||||
Net Income | $ | 6,091,304 | $ | 4,238,831 | $ | 16,776,434 | $ | 10,038,899 | |||||||
Interest expense | 3,077,478 | 1,536,294 | 12,521,155 | 7,493,064 | |||||||||||
Provision for state income taxes and limited liability company fees | 1,290 | — | 410,943 | 215,619 | |||||||||||
Depreciation and amortization | 4,169,075 | 4,129,592 | 16,563,822 | 16,288,285 | |||||||||||
EBITDA | 13,339,147 | 9,904,717 | 46,272,354 | 34,035,867 | |||||||||||
Unit-based compensation | — | — | 1,043,968 | 902,759 | |||||||||||
Other adjustments (2) | 157,240 | 2,382 | 960,833 | 363,878 | |||||||||||
Adjusted EBITDA | $ | 13,496,387 | $ | 9,907,099 | $ | 48,277,155 | $ | 35,302,504 | |||||||
________
(1) Information provided by Creative Circle, LLC.
(2) Other adjustments include certain legal expenses, loss on disposal of assets, certain deferred compensation expenses, and non-recurring expenses.
2