This Practice Note provides an overview of EBITDA and Adjusted EBITDA and describes the components of and rationales for including these non-GAAP financial measures in securities offering documents and in other public releases. This Note also discusses the SEC regulations governing the use of non-GAAP financial measures more generally and explains what information must be disclosed when a company releases non-GAAP financial information. This Note is applicable to both US reporting companies and foreign private issuers.