Attached files
| file | filename |
|---|---|
| 8-K/A - 8-K/A - Alexander & Baldwin, Inc. | form8-katable7.htm |
Alexander & Baldwin, Inc.
Table 7 – Consolidated EBITDA
($ in millions, unaudited)
Quarter Ended December 31, | Year Ended December 31, | |||||||||||||||
2017 | 2016 | 2017 | 2016 | |||||||||||||
Net Income (Loss) | $ | 211.9 | $ | 0.6 | $ | 230.5 | $ | (8.4 | ) | |||||||
Adjustments: | ||||||||||||||||
Depreciation and amortization | 10.0 | 36.0 | 41.4 | 119.5 | ||||||||||||
Interest expense | 7.1 | 6.2 | 25.6 | 26.3 | ||||||||||||
Income tax expense (benefit) | (224.7 | ) | (1.5 | ) | (216.9 | ) | (23.0 | ) | ||||||||
EBITDA | $ | 4.3 | $ | 41.3 | $ | 80.6 | $ | 114.4 | ||||||||
Other discrete items impacting the respective periods: | ||||||||||||||||
Income attributable to noncontrolling interests | (0.3 | ) | (0.7 | ) | (2.2 | ) | (1.8 | ) | ||||||||
(Income) loss from discontinued operations before interest, income taxes and depreciation and amortization | (3.7 | ) | (8.0 | ) | (3.7 | ) | (4.2 | ) | ||||||||
REIT evaluation/conversion costs | 3.8 | 5.7 | 15.2 | 9.5 | ||||||||||||
Reduction in solar investments, net | — | 0.1 | 2.6 | 9.8 | ||||||||||||
Impairment of real estate assets | 22.4 | 11.7 | 22.4 | 11.7 | ||||||||||||
Gain on sales of improved property before income taxes | (6.3 | ) | — | (9.3 | ) | (8.1 | ) | |||||||||
Other discrete items related to unconsolidated investments in affiliates: | ||||||||||||||||
Share of impairment of real estate assets (Land Operations segment) | — | 3.5 | — | 3.5 | ||||||||||||
Share of net loss (gain) on non-core parcels (Materials & Construction segment) | — | (0.6 | ) | — | 1.0 | |||||||||||