EBIDTA - Explained with Examples What’s Excluded in Adjusted EBITDA?
The adjustments that are made to EBITDA can vary widely by industry, company time, and case by case. Some examples of items are that commonly adjusted for include:
Non-operating income
Unrealized gains or losses
Non-cash expenses
One-time gains or losses
Share-based compensation (which is a subject of frequent debate)
Litigation expenses
Special donations
Above-market owners’ compensation (private companies)
Goodwill impairments
Asset write-downs
Foreign exchanges gains or losses
Link to Reference (Full explanation, more examples):
https://corporatefinanceinstitute.com/resources/knowledge/valuation/adjusted-ebitda/