It is earnings before interest, taxes, depreciation and amortization -- not earnings before interest, taxes, "debt" and amortization.
Earnings before interest, taxes, depreciation and amortization were $1.63 billion.
Takeda paid more than 13 times historic earnings before interest, taxes, depreciation and amortization.
(Ebitda, or earnings before interest, taxes, depreciation and amortization, is a measure of corporate earnings).
It gives a valuation of around 16 times earnings before interest, taxes, depreciation and amortization.
(It is said to earn about $300 million annually before interest, taxes, depreciation and amortization).
Earnings before interest, taxes and other charges grew by 11% to £93,000.
The company reported pro forma earnings before interest, taxes, depreciation and amortization of $721 million.
Ebitda -- earnings before interest, taxes, depreciation and amortization -- measures cash flow.
The company defines cash flow as earnings before interest, taxes, depreciation, amortization and other items.
* The yardstick of earnings before interest, taxes, depreciation and amortization -- Ebitda -- is meaningless.
