Concordia Healthcare Corp. T.CXR.R

RE:RE:RE:A Balanced View of Concordia's Value

[Scruggstyle]

Adjusted EPS does include interest deduction.  Please see definition below:

Adjusted Net Income and EPS

Adjusted EPS is defined as adjusted net income divided by the weighted average number of fully diluted shares outstanding. Adjusted net income is defined as net income (loss) adjusted for one-time charges including costs associated with acquisitions, restructuring and related costs, one time initial exchange listing expenses on the NASDAQ, non-recurring gains / losses, non-cash items such as realized / unrealized gains / losses on derivative instruments, share based compensation, change in fair value of purchase consideration, impairment loss, fair value increases to inventory arising from purchased inventory from a business combination, gains / losses from the sale of assets, realized / unrealized gains / losses related to foreign exchange, non-cash accretion expense, the tax impact of the above and other non-recurring items. Management believes Adjusted EPS is an important measure of operating performance and cash flow, and provides useful information to investors. 

jamesb14 wrote:

adamchess wrote: Company guidance is adjusted net income of $330 million to $355 million - should that not be at least equal to cash flow? If so, it makes significant difference to fair value from what you say.  I think more like $65 USD plus bonus for future growth projections. GLTA longs
 

Cash Flow would be less than adjusted earnings because interest payments affect cash. Concordia excludes interest from adjusted earnings which is very misleading when they have $3.3 billion in debt.