Company: ST
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001477294-25-000067
Chunk: 34

Company: Sensata Technologies Holding plc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 34
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 corporate and other expenses. 

For the three months ended March 31, (In millions)20252024Corporate and other expenses (GAAP)$(69.2)$(64.0)Restructuring related and other15.8 2.2 Financing and other transaction costs1.0 3.6 Total adjustments16.8 5.8 Adjusted corporate and other expenses (non-GAAP)$(52.4)$(58.1)

The following table provides a reconciliation of net income in accordance with U.S. GAAP to adjusted EBITDA. 

For the three months ended March 31, (In millions)LTM20252024Net income$122.4 $69.9 $76.0 Interest expense, net138.6 33.7 34.7 (Benefit from)/provision for income taxes(142.2)20.7 22.6 Depreciation expense174.6 41.0 33.5 Amortization of intangible assets127.8 20.6 38.5 EBITDA421.2 185.9 205.3 Non-GAAP adjustmentsRestructuring related and other296.6 11.0 2.0 Financing and other transaction costs134.2 5.4 4.4 Other, net7.8 (2.1)11.5 Adjusted EBITDA$859.8 $200.2 $223.2 

28

The following table provides a reconciliation of total debt and finance lease obligations in accordance with U.S. GAAP to gross and net leverage ratios. 

(Dollars in millions)March 31,2025December 31,2024Current portion of long-term debt and finance lease obligations$2.1 $2.4 Finance lease obligations, less current portion20.6 21.0 Long-term debt, net3,177.3 3,176.1 Total debt and finance lease obligations3,200.0 3,199.5 Less: debt premium, net0.9 1.0 Less: deferred financing costs(23.7)(24.9)Total gross indebtedness$3,222.8 $3,223.4 Adjusted EBITDA (LTM)$859.8 $882.8 Gross leverage ratio3.73.7Total