Attached files
| file | filename |
|---|---|
| 8-K - 8-K - DOVER DOWNS GAMING & ENTERTAINMENT INC | a17-3223_18k.htm |
| EX-99.1 - EX-99.1 - DOVER DOWNS GAMING & ENTERTAINMENT INC | a17-3223_1ex99d1.htm |
Exhibit 99.2
DOVER DOWNS GAMING & ENTERTAINMENT, INC.
SUPPLEMENTAL DATA
RECONCILIATION OF NET (LOSS) EARNINGS TO EBITDA
In Thousands
(Unaudited)
|
|
|
Three Months Ended |
|
Years Ended |
| ||||||||
|
|
|
2016 |
|
2015 |
|
2016 |
|
2015 |
| ||||
|
Reconciliation of net (loss) earnings to EBITDA: |
|
|
|
|
|
|
|
|
| ||||
|
Net (loss) earnings |
|
$ |
(291 |
) |
$ |
768 |
|
$ |
786 |
|
$ |
1,873 |
|
|
Income tax (benefit) expense |
|
(186 |
) |
228 |
|
632 |
|
842 |
| ||||
|
(Loss) earnings before income taxes |
|
(477 |
) |
996 |
|
1,418 |
|
2,715 |
| ||||
|
Interest expense |
|
202 |
|
223 |
|
863 |
|
1,160 |
| ||||
|
Depreciation |
|
1,944 |
|
2,022 |
|
7,743 |
|
8,375 |
| ||||
|
EBITDA |
|
$ |
1,669 |
|
$ |
3,241 |
|
$ |
10,024 |
|
$ |
12,250 |
|
We define EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is a supplemental non-GAAP financial measure commonly used by management and industry analysts to evaluate our operations and we believe that EBITDA provides useful information to investors. EBITDA should not be construed as an alternative to net earnings (as an indicator of our operating performance) as determined in accordance with accounting principles generally accepted in the United States of America. Not all companies calculate EBITDA in the same manner, and EBITDA as presented by Dover Downs Gaming & Entertainment, Inc. may not be comparable to similarly titled measures presented by other companies.