CDW 2012 Annual Report Download - page 24

Table of Contents
The following unaudited table sets forth a reconciliation of EBITDA to net cash provided by operating activities for the periods
presented:
20
Years Ended December 31,
(in millions)
2008 2009 2010 2011 2012
EBITDA
$
(1,168.5
)
$
188.7
$
564.3
$
557.4
$
703.7
Depreciation and amortization
(218.4
)
(218.2
)
(209.4
)
(204.9
)
(210.2
)
Income tax benefit (expense)
12.1
87.8
7.8
(11.2
)
(67.1
)
Interest expense, net
(390.3
)
(431.7
)
(391.9
)
(324.2
)
(307.4
)
Net (loss) income
(1,765.1
)
(373.4
)
(29.2
)
17.1
119.0
Depreciation and amortization
218.4
218.2
209.4
204.9
210.2
Goodwill impairment
1,712.0
241.8
—
— —
Equity-based compensation expense
17.8
15.9
11.5
19.5
22.1
Amortization of deferred financing
costs and debt premium
38.6
16.2
18.0
15.7
13.6
Deferred income taxes
(39.9
)
(94.4
)
(4.3
)
(10.2
)
(56.3
)
Allowance for doubtful accounts
0.4
(0.2
)
(1.3
)
0.4
—
Realized loss on interest rate swap
agreements
18.6
103.2
51.5
2.8
—
Mark to market loss on interest rate
derivatives
—
—
4.7
4.2
0.9
Net (gain) loss on extinguishments of
long-term debt
—
—
(
2.0
)
118.9
17.2
Net loss (gain) on sale and disposal of
assets
0.5
(1.7
)
0.7
0.3
0.1
Changes in assets and liabilities
14.1
(18.0
)
165.3
(158.3
)
(9.4
)
Other non-cash items
—
—
(
0.6
)
(0.6
)
—
Net cash provided by operating
activities
$
215.4
$
107.6
$
423.7
$
214.7
$
317.4