EX-99.2 3 a17-11966_1ex99d2.htm EX-99.2

Exhibit 99.2

 

DOVER DOWNS GAMING & ENTERTAINMENT, INC.

SUPPLEMENTAL DATA

RECONCILIATION OF NET LOSS TO EBITDA

In Thousands

(Unaudited)

 

 

 

Three Months Ended
March 31,

 

 

 

2017

 

2016

 

Reconciliation of net loss to EBITDA:

 

 

 

 

 

Net loss

 

$

(184

)

$

(239

)

Income tax expense

 

27

 

44

 

Loss before income taxes

 

(157

)

(195

)

Interest expense

 

209

 

229

 

Depreciation

 

1,946

 

1,887

 

EBITDA

 

$

1,998 

 

$

1,921

 

 

We define EBITDA as earnings before interest, taxes, depreciation and amortization.  EBITDA is a supplemental non-GAAP financial measure commonly used by management and industry analysts to evaluate our operations. We believe that EBITDA provides useful information to investors regarding our ability to service debt.  EBITDA should not be construed as an alternative to net earnings (loss) (as an indicator of our operating performance) as determined in accordance with accounting principles generally accepted in the United States of America. Not all companies calculate EBITDA in the same manner, and EBITDA as presented by Dover Downs Gaming & Entertainment, Inc. may not be comparable to similarly titled measures presented by other companies.