Company: ST
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001477294-25-000022
Chunk: 117

Company: Sensata Technologies Holding plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 117
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 net income/(loss) calculated in accordance with U.S. GAAP to adjusted EBITDA.

For the year ended December 31,(In millions)202420232022Net income/(loss)$128.5 $(3.9)$310.7 Interest expense, net139.6 150.9 178.8 (Benefit from)/provision for income taxes(140.3)21.8 86.0 Depreciation expense167.1 133.1 127.2 Amortization of intangible assets145.7 173.9 153.8 EBITDA440.7 475.7 856.5 Non-GAAP adjustmentsRestructuring related and other285.0 411.5 38.0 Financing and other transaction costs156.8 21.5 7.5 Deferred (gain)/loss on derivative instruments(0.9)(2.0)1.9 Adjusted EBITDA$881.6 $906.6 $903.9 

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

As of and for the year ended December 31,($ in millions)202420232022Current portion of long-term debt and finance lease obligations$2.4 $2.3 $256.5 Finance lease obligations, less current portion21.0 22.9 24.7 Long-term debt, net3,176.1 3,374.0 3,958.9 Total debt and finance lease obligations3,199.5 3,399.2 4,240.1 Less: debt premium/(discount), net1.0 (1.6)(3.4)Less: deferred financing costs(24.9)(24.4)(29.9)Total gross indebtedness$3,223.4 $3,425.2 $4,273.4 Adjusted EBITDA (LTM)$881.6 $906.6 $903.9 Gross leverage ratio3.73.84.7Total gross indebtedness$3,223.4 $3,425.2 $4,273.4 Less: cash and cash equivalents593.7 508.1 1,225.5 Net debt$2,629.7