Company: IMXI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001683695-25-000030
Chunk: 87

Company: International Money Express, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 87
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0.03 Transaction costs$0.06 $0.06 $0.01 $0.01 Legal contingency settlement$(0.02)$(0.02)$— $— Other charges and expenses$0.04 $0.04 $0.05 $0.05 Amortization of intangibles$0.12 $0.12 $0.13 $0.13 Income tax benefit related to adjustments$(0.15)$(0.15)$(0.14)$(0.13)Adjusted Earnings per Share$2.17 $2.14 $1.99 $1.95 

The table above may contain slight summation differences due to rounding.

Adjusted EBITDA

Adjusted EBITDA is defined as net income before depreciation and amortization, interest expense, income taxes, and also adjusted to add back certain charges and expenses, such as non-cash compensation costs and other items set forth in the table below, as these charges and expenses are not considered a part of our core business operations and may not be indicative of ongoing, future company performance.

Adjusted EBITDA for the year ended December 31, 2024 was $121.3 million, representing an increase of $1.3 million, or 1.1%, from $120.0 million for the year ended December 31, 2023. The increase in Adjusted EBITDA was primarily due to the higher net effect of the adjusting items detailed in the table below, partially offset by the decrease in net income discussed above.

The following table presents the reconciliation of Net Income, our closest GAAP measure, to Adjusted EBITDA: 

42

Year Ended December 31,(in thousands)20242023Net Income$58,821 $59,515 Adjusted for:Interest expense11,745 10,426 Income tax provision24,450 25,549 Depreciation and amortization13,645 12,866 EBITDA108,661 108,356 Share-based compensation (a)7,043 8,111 Restructuring costs (b)3,060 1,214 Transaction costs (c)1,819 445 Legal contingency settlement (d)(570)— Other charges and expenses (e)1,239 1,850 Adjusted EBITDA$121,252 $119,976