ADT 2015 Annual Report Download - page 67

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GAAP TO NON-GAAP RECONCILIATIONS—CONTINUED
(Unaudited)
EBITDA and Pre-SAC EBITDA Before Special Items
For the Three
Months Ended For the Three
Months Ended
($ in millions) September 25,
2015 September 26,
2014
Net Income (GAAP) $81 $82
Interest expense, net 52 50
Income tax expense 36 27
Depreciation and intangible asset amortization 285 273
Amortization of deferred subscriber acquisition costs 36 33
Amortization of deferred subscriber acquisition revenue (41) (40)
EBITDA $ 449 $ 425
Restructuring and other, net 12
Acquisition and integration costs 14
Radio conversion costs 817
Separation costs —7
Separation related other expense (income) (1) 13
EBITDA before special items $ 460 $ 458
EBITDA Margin before special items 51.2% 51.9%
Subscriber acquisition cost expenses, net of related revenue 107 108
Pre-SAC EBITDA before special items $ 567 $ 566
(1) Relates to the 2012 Tax Sharing Agreement between Tyco, ADT and Pentair.
The ADT Corporation 2016 Proxy Statement 57
PROXY STATEMENT