There are two ways to calculate EBITDA. One is based on net income and the other on operating income.Download our EBITDA template and assess a company's operational profitability using the income statement and cash flow statement. This EBITDA template will show you how to calculate EBITDA using the income statement and cash flow statement. EBITDA, or earnings before interest, taxes, depreciation, and amortization, is an alternative measure of a company's overall financial performance. Recall that amortization in EBITDA involves expensing intangible assets (rather than tangible assets) over their useful life. File only a completed current year Form 593 and Form 593-V with each withholding payment. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It's used to measure a company's operating performance and cash flow. The Franchise Tax Board will send a notice or letter to personal taxpayers and business entities for issues that may include but not limited to: