As discussed in Chapter 3, EBIT, EBITDA, and adjusted EBIT and EBITDA may be presented as a performance measure, a liquidity measure, or both in some cases. If presented as a liquidity measure, EBIT and EBITDA are, as noted above, specifically exempt from the liquidity measure prohibition; however, they are still considered non-GAAP financial measures and therefore must include all of the required non-GAAP disclosures.
Confidential and Proprietary — for Use Solely by Authorized Personnel
This SEC Reporting Interpretations manual provides comprehensive guidance; however, the manual does not address all possible fact patterns, and the guidance is subject to change. Consult a Deloitte & Touche LLP professional regarding your specific issues and questions.