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Super-Advanced Merger Modeling - IS
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(1) Line 28, Amortization of Transaction Debt Financing Fees => Since "Transaction Debt Financing Fees" is a financing decision = It does not affect EBITDA => Therefore, it should not be included in the EBITDA calculation. However, in the video, you included it in the EBITDA calculation. You also contradicted your reply to the same question posted by another viewer three years ago.
(2) Line 54, Plus: D&A from Transaction (Book) and Line 55, Less: D&A from Transaction (Tax) => I believe the values for cells "I54" and "I55" shall both be fully anchored (i.e. I54 "=Merger Summery! $Y$42" and I55 "=Merger Summary! $Y$50" before performing the next step of shifting from "I53" down to "I56" and shift right to "Column M" and then, "Ctrl R".
As a result, line 58, Income Tax Expense (GAAP) for 2009(P) should be $2,909 (NOT $2,901); NI should be $4,933 (NOT $4,940), EBITDA should be $10,451 (NOT $10,455), Diluted EPS is still at $4.69 (Reason: No difference due to 2-decimal; but, I am sure there is a difference with more decimal places).
Thank you very much in advance for looking into my questions and responding accordingly. Read More