EBITDA – adjusted (SM.EBITDA_Adj)

EBITDA – adjusted (SM.EBITDA_Adj) usually excludes non-recurring items, such as restructuring, as well as recurring non-cash items, such as stock options and capitalized R&D expense, from EBITDA – as reported. The list of exclusions is based on sell-side analyst best practice and can vary significantly from one company to another, even within the same industry.

It defaults to the EBITDA (Consensus Model) (SE.EBITDA_Adj) from Consensus model. If it’s not available, then it is represented as “EBIT – adjusted (SM.EBIT_Adj) + Depreciation & amortization (SM.DA_Exp)Amortization of Intangibles (SF.IS.AmortIntangibles)Amortization of Acquisition Costs (SF.IS.AmortAcqCosts)”.