13 unchanged sentences
The information required by Item 201(d) of Regulation S-K is hereby incorporated by reference from our definitive proxy statement to be filed with the SEC pursuant to Regulation 14A no later than April 30, 2022.
−Removed: SELECTED FINANCIAL DATA
−Removed: The following table presents selected financial data for each of the last five fiscal years.
−Removed: This selected financial data should be read in conjunction with the Consolidated Financial Statements and related notes beginning on page F-1 of this Annual Report on Form 10-K and Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations”.
−Removed: These historical results are not necessarily indicative of the results of operations to be expected for any future period.
−Removed: The table below includes the non-U.S.
−Removed: GAAP operating performance measures of EBITDA and Adjusted EBITDA.
−Removed: For a definition of EBITDA and Adjusted EBITDA and a reconciliation to net income calculated and presented in accordance with accounting principles generally accepted in the United States ("U.S.
−Removed: GAAP"), please see “ Non-U.S.
−Removed: GAAP Financial Measures” immediately below.
−Removed: Amounts in thousands, except share and per share information
−Removed: Contract revenues (1)
−Removed: Selling, general and administrative expenses
−Removed: Other expense, net
−Removed: Net income (loss)
−Removed: Net income (loss) per share:
−Removed: Weighted average shares outstanding:
−Removed: Other Financial Data
−Removed: Adjusted EBITDA
−Removed: Capital expenditures
−Removed: Cash interest expense
−Removed: Depreciation and amortization
−Removed: Net cash provided by (used in):
−Removed: Operating activities
−Removed: Investing activities
−Removed: Financing activities
−Removed: (1) ASU 2014-09, Revenue from Contracts with Customers (Topic 606), adopted on January 1, 2018, using the modified retrospective method.
−Removed: Prior years have not been recast.
−Removed: (in thousands)
−Removed: Balance Sheet Data:
−Removed: Cash, cash equivalents and restricted cash
−Removed: Working capital
−Removed: Total debt, net of debt issuance costs
−Removed: Total stockholders’ equity
−Removed: GAAP Financial Measures
−Removed: We include in this Annual Report on Form 10-K the non-U.S.
−Removed: GAAP financial measures of EBITDA and Adjusted EBITDA.
−Removed: We define EBITDA as earnings before interest, income taxes, depreciation and amortization.
−Removed: Adjusted EBITDA is a non-GAAP measure that represents EBITDA adjusted for certain non-recurring project adjustments and expenses, changes in accounts receivable reserves and goodwill impairment charges.
−Removed: EBITDA and Adjusted EBITDA are used as
−Removed: supplemental operating performance measures by our management and by external users of our financial statements such as investors, commercial banks and others, to assess:
−Removed: ● the ability of our assets to generate cash sufficient to pay interest costs and support our indebtedness;
−Removed: ● our operating performance and return on capital as compared to those of other companies in our industry, without regard to financing or capital structure;
−Removed: ● the viability of acquisitions and capital expenditure projects and the overall rates of return on alternative investment opportunities.
−Removed: EBITDA and Adjusted EBITDA are not presentations made in accordance with U.S.
−Removed: EBITDA and Adjusted EBITDA should not be considered an alternative to, or more meaningful than, net income, operating income, cash flows from operating activities or any other measure of performance presented in accordance with U.S.
−Removed: GAAP as measures of operating performance.
−Removed: Because EBITDA and Adjusted EBITDA excludes some, but not all, items that affect net income and is defined differently by different companies in our industry, our definition of EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures of other companies.
−Removed: EBITDA and Adjusted EBITDA have important limitations as analytical tools, and you should not consider them in isolation.
−Removed: The following table provides a reconciliation of EBITDA and Adjusted EBITDA to our net income for the periods indicated as calculated and presented in accordance with U.S.
−Removed: Net income (loss)
−Removed: Income tax expense (benefit)
−Removed: Interest expense, net
−Removed: Depreciation and amortization
−Removed: Stock-based compensation
−Removed: ERP implementation
−Removed: ISG initiative
−Removed: Gain on involuntary disposition of assets, net
−Removed: Changes in cost estimates
−Removed: (Recovery) reserve on accounts receivable
−Removed: Goodwill impairment charges
−Removed: Legal settlement
−Removed: Adjusted EBITDA
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.