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equity: r46: page681, q1: pro forma EBITDA

what does “pro forma EBITDA” mean? why need to add “nonmarket compensation expense” back? thanks.

Sry let may rephrase, its pro-forma EBITDA as they add nonmarket comp back, thats why EBITDA becomes proforma EBITA, as they made that adjustment to the standard measure of EBITDA

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pro forma EBITDA is EBITDA, its called pro forma because its not a standard accounting measure, but one that is created from the financial statements rather then shown

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