Pro Forma Income Statements

[Alexpi]

I am putting together a 5 year pro forma income statement. I'm getting stuck when adding the Provision for (Benefit for) tax line. The model I am creating is showing a loss for years 1 and 2 due to high growth. In these years there is a tax benefit or NOL.

My question is regarding net income and EBITDA. My net income number is higher than EBITDA. It makes sense to me because net income includes the benefit from the NOL. I am also wondering if the NOL should be in net income.

Generally speaking I always thought EBITDA to be higher than net income but in this case net income is higher than EBITDA. Am I showing EBITDA correctly or should EBITDA always be higher than net income?

Thanks for any help!