Burger King 2012 Annual Report Download - page 127
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Table of Contents
A reconciliation of segment income to net income consists of the following:
U.S. and Canada $471.0 $459.9 $ 77.2 $145.0 $ 450.5
EMEA 166.1 146.0 20.1 30.8 85.3
LAC 73.2 63.9 9.5 12.3 43.4
APAC 41.1 26.7 4.9 7.1 18.3
Total 751.4 696.5 111.7 195.2 597.5
Unallocated Management G&A (99.3) (111.5) (16.5) (60.3) (136.6)
Consolidated adjusted EBITDA 652.1 585.0 95.2 134.9 460.9
Share-based compensation and non-cash incentive compensation expense 10.2 6.4 — 5.8 17.0
2010 Transaction costs — 3.7 94.9 — —
Global restructuring and related professional fees — 46.5 67.2 — —
Field optimization project costs — 10.6 — — —
Global portfolio realignment project 30.2 7.6 — — —
Business combination agreement expenses 27.0 — — — —
Other operating (income) expenses, net 53.3 11.3 (8.7) (3.6) (0.7)
EBITDA 531.4 498.9 (58.2) 132.7 444.6
Depreciation and amortization 113.7 136.4 27.6 31.2 111.7
Income (loss) from operations 417.7 362.5 (85.8) 101.5 332.9
Interest expense, net 223.8 226.7 58.1 14.6 48.6
Loss on early extinguishment of debt 34.2 21.1 — — —
Income tax expense (benefit) 42.0 26.6 (28.2) 15.8 97.5
Net income (loss) 117.7 88.1 (115.7) 71.1 186.8
United States and Canada $68.8 $86.2 $16.8 $20.2 $ 72.8
EMEA 17.9 22.6 4.4 3.5 14.8
LAC 6.0 6.7 1.8 1.5 4.9
APAC 5.7 7.6 2.3 1.5 3.2
Unallocated 15.3 13.3 2.3 4.5 16.0
Total depreciation and amortization $113.7 $136.4 $27.6 $31.2 $111.7
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Source: Burger King Worldwide, Inc., 10-K, February 22, 2013 Powered by Morningstar® Document Research℠
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