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Table of Contents
The following unaudited table sets forth a reconciliation of EBITDA to net cash provided by operating activities for the periods
presented:
31
Years Ended December 31,
(in millions)
2014
2013
2012
2011
2010
EBITDA
$
792.9
$
653.8
$
703.7
$
557.4
$
564.3
Depreciation and amortization
(207.9
)
(208.2
)
(210.2
)
(204.9
)
(209.4
)
Income tax (expense) benefit
(142.8
)
(62.7
)
(67.1
)
(11.2
)
7.8
Interest expense, net
(197.3
)
(250.1
)
(307.4
)
(324.2
)
(391.9
)
Net income (loss)
244.9
132.8
119.0
17.1
(29.2
)
Depreciation and amortization
207.9
208.2
210.2
204.9
209.4
Equity-based compensation expense
16.4
46.6
22.1
19.5
11.5
Amortization of deferred financing costs, debt premium, and debt
discount, net
6.4
8.8
13.6
15.7
18.0
Deferred income taxes
(89.1
)
(48.7
)
(56.3
)
(10.2
)
(4.3
)
Allowance for doubtful accounts
0.3
—
—
0.4
(1.3
)
Realized loss on interest rate swap agreements
—
—
—
2.8
51.5
Net loss (gain) on extinguishments of long-term debt
90.7
64.0
17.2
118.9
(2.0
)
Income from equity investments
(1.2
)
—
—
—
—
Changes in assets and liabilities
(41.8
)
(47.1
)
(9.4
)
(158.3
)
165.3
Other non-cash items
0.5
1.7
1.0
3.9
4.8
Net cash provided by operating activities
$
435.0
$
366.3
$
317.4
$
214.7
$
423.7