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Non-GAAP measures in Statement of Earnings
Financial Report
| Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
II - Appendices to the Financial Report: Unaudited
supplementary financial data
1. Non-GAAP measures in Statement of Earnings
Income from operations, EBITA and adjusted net income, non-GAAP
measures, should be considered in addition to, and not as a substitute
for, other GAAP measures of operating and financial performance, as
presented in the Consolidated Financial Statements and the related
notes or as described in the Financial Report, and Vivendi considers that
they are relevant indicators to assess the group’s operating and financial
performance. Vivendi Management uses income from operations, EBITA
and adjusted net income for reporting, management, and planning
purposes because they better illustrate the underlying performance of
continuing operations by excluding most non-recurring and non-operating
items. Each of these indicators are defined in Section 4 of this report or
in Notes to the Consolidated Financial Statements for the year ended
December 31, 2014.
Reconciliation of EBIT to EBITA and to income from operations
(in millions of euros)
Year ended December 31,
2014
2013
EBIT
(a)
736
637
Adjustments
Amortization of intangible assets acquired through business combinations
344
350
Impairment losses on intangible assets acquired through business combinations
(a)
92
6
Other income
(a)
(203)
(88)
Other charges
(a)
30
50
EBITA
999
955
Adjustments
Charges related to equity-settled share-based compensation plans
9
23
Special items excluded from income from operations
(including transition/integration costs, and restructuring costs)
100
153
Income from operations
1,108
1,131
(a)
As reported in the Consolidated Statement of Earnings.
191
Annual Report 2014