When I worked in investment banking, all our debt models were pegged to LIBOR. Rest In Peace! God bless the IB analysts scrambling to plug their models with replacement rates and weird hardcodes!
Uber didn’t invent adjusted EBITDA fwiw… it’s a standard practice for businesses to present GAAP and non-GAAP (pro-forma) earnings that they believe better represent the business. Also, any investor can simply look at…
When I worked in investment banking, all our debt models were pegged to LIBOR. Rest In Peace! God bless the IB analysts scrambling to plug their models with replacement rates and weird hardcodes!
Uber didn’t invent adjusted EBITDA fwiw… it’s a standard practice for businesses to present GAAP and non-GAAP (pro-forma) earnings that they believe better represent the business. Also, any investor can simply look at…