The table below presents a reconciliation of Adjusted EBITDA to net income attributable to InterDigital, Inc., the most directly comparable GAAP financial measure (in thousands):
|
For the Three Months
Ended December 31, |
For the Twelve Months
Ended December 31, | ||||||||||||||
| 2022 | 2021 | 2022 | 2021 | ||||||||||||
| Net income attributable to InterDigital, Inc. | $ | 32,408 | $ | 21,878 | $ | 93,693 | $ | 55,295 | |||||||
| Net loss attributable to non-controlling interest | (402 | ) | (2,065 | ) | (1,632 | ) | (13,107 | ) | |||||||
| Income tax provision | 8,190 | 9,329 | 25,502 | 15,368 | |||||||||||
| Other income (expense), net & interest expense | (1,602 | ) | (3,553 | ) | 32,953 | 13,650 | |||||||||
| Depreciation and amortization | 19,422 | 19,222 | 78,571 | 78,193 | |||||||||||
| Share-based compensation | 6,918 | 7,726 | 22,127 | 28,736 | |||||||||||
| Other items (a) | — | 7,587 | 3,280 | 29,877 | |||||||||||
| Adjusted EBITDA 2 | $ | 64,934 | $ | 60,124 | $ | 254,494 | $ | 208,012 | |||||||
