Summary Financial Performance
Blackboard provides EBITA and cash net income as additional information regarding Blackboard’s operating results. These measures are not in accordance with, nor are they an alternative for, GAAP and may be different from cash net income and other non-GAAP measures used by other companies. Blackboard believes that this presentation of EBITA and cash net income provides useful information to investors regarding additional financial and business trends relating to Blackboard's financial condition and results of operations.