Hi, sorry for the dumb question, but I'm really confused here. In a distressed situation, typically in the 3-statements, we "add back non-recurring legal and other professional expenses associated with the distressed sales process/restructuring process".
The question is, to what? to net income? I know that when people normalize EBITDA/calculate adjusted EBITDA you adjust for non-recurring charges right, but I don't think it's EBITDA here.
Assume those non-recurring expenses are cash expenses.
| +262 | Return Rates For Interns Are Falling? | 105 | 7m |
| +111 | I am a drunk MD AMA | 39 | 1d |
| +107 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 10 | 2m |
| +64 | VP Lifestyle at Top BB Coverage Groups | 40 | 1d |
| +62 | UBS Offer Day | 23 | 15h |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 4d |
| +50 | SharePoint makes IB hours HELL | 15 | 4d |
| +40 | WF Return offers | 27 | 9h |
| +37 | I hate Wells Fargo | 6 | 10h |
| +34 | No return offer - feeling like a failure is an understatement | 14 | 16h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Autem ea at omnis qui cum vero in. Aliquam earum dolor assumenda voluptates est.
Unde sint ad voluptas qui nisi quasi. Quibusdam quas ut sed qui. Sint eveniet quasi ut. Ipsa ut excepturi itaque soluta natus blanditiis vero. Nihil aperiam molestias cum ipsam.
In repudiandae blanditiis architecto harum animi temporibus accusamus consectetur. Nemo provident quo harum. Eos temporibus cum facilis quo hic.
Vel nemo quo voluptatibus labore reiciendis. Aut eaque tempora beatae suscipit et. Quaerat eum incidunt sequi ullam delectus dicta.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...