Unaudited Reconciliation of Net Income (Loss) to Adjusted EBITDA
Three Months Ended | ||||||||||||
(in millions USD) | June 30, 2022 | March 31, 2022 | June 30, 2021 | |||||||||
Net income (loss) for the period | $ | 264 | $ | 178 | $ | (174 | ) | |||||
Depreciation and amortization | $ | 411 | $ | 408 | $ | 408 | ||||||
Finance expense | $ | 26 | $ | 29 | $ | 29 | ||||||
Income tax expense | $ | 30 | $ | 29 | $ | 20 | ||||||
Share based compensation | $ | 53 | $ | 54 | $ | 144 | ||||||
Restructuring and corporate severance programs | — | — | $ | 5 | ||||||||
(Gains) on transactions, legal settlements and transaction expenses | — | — | $ | 34 | ||||||||
Adjusted EBITDA | $ | 784 | $ | 698 | $ | 466 | ||||||
Adjusted EBITDA margin | 39.3 | % | 36.0 | % | 28.8 | % |