XML 72 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment Data - Adjusted EBITDA by geographic location and reconciliation of Net Income (loss) by Segment (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Segment Reporting Information [Line Items]      
Adjusted EBITDA $ 244 $ 226 $ 200
Net income (loss) attributable to Covetrus (54) (19) (980)
Plus: Depreciation and amortization 171 167 154
Plus: Interest expense, net 32 46 54
Less: Income tax (benefit) expense 0 (7) (46)
Earnings (loss) before interest, taxes, depreciation, and amortization 149 187 (818)
Plus: Share-based compensation 46 40 46
Plus: Strategic consulting (a) 20 20 2
Plus: Transaction costs 3 8 2
Plus: Formation of Covetrus 2 19 31
Plus: Separation programs and executive severance 14 17 11
Plus: Equity method investment and non-consolidated affiliates 3 2 (4)
Plus: IT infrastructure 0 4 6
Plus: Carve-out operating expenses 0 0 5
Plus: Goodwill impairment 0 0 938
Plus: Capital structure 0 2 0
Plus: Other impairments 7 8 0
Plus: Other items, net 0 (81) (19)
Non-GAAP Adjusted EBITDA 244 226 200
Corporate      
Segment Reporting Information [Line Items]      
Adjusted EBITDA (90) (61) (39)
Non-GAAP Adjusted EBITDA (90) (61) (39)
Eliminations      
Segment Reporting Information [Line Items]      
Adjusted EBITDA 0 0 0
Non-GAAP Adjusted EBITDA 0 0 0
North America | Operating Segments      
Segment Reporting Information [Line Items]      
Adjusted EBITDA 223 187 153
Non-GAAP Adjusted EBITDA 223 187 153
Europe | Operating Segments      
Segment Reporting Information [Line Items]      
Adjusted EBITDA 71 72 68
Non-GAAP Adjusted EBITDA 71 72 68
APAC & Emerging Markets | Operating Segments      
Segment Reporting Information [Line Items]      
Adjusted EBITDA 40 28 18
Non-GAAP Adjusted EBITDA $ 40 $ 28 $ 18