Chegg 2015 Annual Report Download - page 3

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ǡ     ǡ   ǯ   
ǤʹͲͳͷǡ
 ͳǤͶ       ǡ 
͸ͺΨʹͻΨǡǦǦǤ
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ǡ
            ̈́ͳͲͲ    
Ǧǡ
Ǥ
ǡ
         Ǥ  
̈́ͺͻǤͳǡǤǡ
     
Ǩ
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ǡ
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ǡƬ
ǡǤ
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UseofNonǦGAAPMeasure
AdjustedEBITDAisanonǦGAAPfinancialmeasure.ForreconciliationofthisnonǦGAAPfinancial
measuretothemostdirectlycomparableGAAPfinancialmeasure,pleaseseetheattachmenttothis
letterwiththetabletitled,“ReconciliationofGAAPNetIncome(Loss)toAdjustedEBITDA.”The
presentationofthisnonǦGAAPfinancialmeasureisnotintendedtobeconsideredinisolationfrom,asa
substitutefor,orsuperiorto,thefinancialinformationpreparedandpresentedinaccordancewith
GAAP,andmaybedifferentfromnonǦGAAPfinancialmeasuresusedbyothercompanies.