The following table sets forth a reconciliation of cash earnings per share
to its most directly comparable U.
Forward-looking statements in this press release include, without limitation: (a) our estimates of 2012 and 2013 cash earnings per share
and Adjusted EBITDA and the assumptions and factors upon which they are based; and (b) our belief that cash earnings per share
and Adjusted EBITDA are widely-referenced financial measures in the financial markets and that references to the foregoing are helpful to investors.
The Company expects adjusted cash earnings per share
for the second quarter 2010 to be approximately $0.
45 reported in 2009 and cash earnings per share
are expected to be $0.
625% convertible debentures was not dilutive to the Company's diluted GAAP earnings per share for the periods presented, it was dilutive to the Company's adjusted cash earnings per share
In addition, the Company reports on non-GAAP financial measures, such as cash earnings and cash earnings per share
Cash earnings per share
(GAAP earnings per share plus non-cash income taxes and stock option expense), which the Company regards as a principal measure of its financial performance, for the second quarter amounted to $0.
79 (1) Cash earnings per share
is not a recognized measure under Canadian GAAP and does not have a standardized meaning prescribed by Canadian GAAP and is therefore unlikely to be comparable to similar measure presented by other issuers.
Forward-looking statements in this press release include, without limitation, (a) our belief that our recent acquisitions will drive growth, and provide additional operational improvements and cost savings; (b) our 2009 revenue, EBITDA, diluted earnings per share and cash earnings per share
expectations and the assumption upon which they are based; (c) our intention that our expense investment in platforms will be between $2 million and $4 million; (d) our expectation that average 30-day LIBOR for the period will be 1.
Excluding the effect of the foregoing charge, the Company lowered its adjusted cash earnings per share
guidance for 2004 to a range of $0.
We believe that adjusted operating income, adjusted EBITDA and adjusted cash earnings per share
provide useful information to investors because they are indicators of the strength and performance of our ongoing business operations, including our ability to fund capital expenditures, acquisitions and operations and to incur and service debt.
4x for implied 2005 cash earnings per share
and only 154% of current book value," commented Sidhu.