This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pool Corporation Reports Record 2012 Results And Provides 2013 Earnings Guidance

The table below presents a reconciliation of net income to Adjusted EBITDA. 

(Unaudited) Year Ended December 31,
(in thousands) 2012 2011
Net income $81,972 $71,993
Interest expense (1) 6,580 7,372
Provision for income taxes 56,744 45,319
Share-based compensation 8,465 8,233
Goodwill impairment 6,946 1,550
Equity earnings in unconsolidated investments (316) (209)
Depreciation 11,592 9,746
Amortization (2) 896 1,234
Adjusted EBITDA $172,879 $145,238
(1) Shown net of interest income and includes amortization of deferred financing costs as discussed below. 
(2) Excludes amortization of deferred financing costs of $388 for 2012 and $325 for 2011. This non-cash expense is included in Interest expense, net on the Consolidated Statements of Income. 

The table below presents a reconciliation of Adjusted EBITDA to net cash provided by operating activities. Please see page 5 for our Condensed Consolidated Statements of Cash Flows.

(Unaudited) Year Ended December 31,
(in thousands) 2012 2011
Adjusted EBITDA $172,879 $145,238
Interest expense, net of interest income (6,192) (7,047)
Provision for income taxes (56,744) (45,319)
(Gains) losses on foreign currency transactions (111) 592
Excess tax benefits from share-based compensation (4,487) (3,118)
Other 3,375 1,850
Change in operating assets and liabilities 10,358 (17,093)
Net cash provided by operating activities $119,078 $75,103
CONTACT: Craig K. Hubbard

company logo

5 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs