Investor Presentaiton
Non-GAAP Reconciliations ($ in Millions)
Q4 2023
Reconciliation of non-GAAP operating expenses
Q1 22
Q2 22
Q3 22
Q4 22
Q1 23
Q2 23
Q3 23
Q4 23
GAAP Operating Expenses
$263.6
$1,015.0
$93.9
$299.5
$114.3
$120.0
$128.0
$139.0
Share-Based Compensation (1)
$13.4
$14.2
$15.8
$15.9
$16.5
$14.4
$15.6
$18.5
Non-GAAP Operating Expenses
$250.2
$1,000.7
$78.1
$283.6
$97.8
$105.6
$112.5
$120.5
Digital Asset Impairment Losses, Net of Gains on Sale
$170.1
$917.8
$0.7
$197.6
$18.9
$24.1
$33.6
$39.2
Reconciliation of total non-GAAP expenses
Q1 22
Q2 22
Q3 22
Q4 22
Q1 23
Q2 23
Q3 23
Q4 23
Cost of Revenues
Operating Expenses
$25.7
$25.2
$25.4
$26.7
$27.9
$27.1
$26.7
$28.2
$263.6
$1,015.0
$93.9
$299.5
$114.3
$120.0
$128.0
$139.0
Total GAAP Expenses
$289.2
$1,040.2
$119.3
$326.3
$142.2
$147.1
$154.7
$167.3
Share-Based Compensation
$14.4
$15.3
$16.9
$17.0
$17.6
$15.5
$16.8
$19.7
Total Non-GAAP Expenses
$274.8
$1,024.9
$102.4
$309.2
$124.7
$131.6
$137.9
$147.6
Digital Asset Impairment Losses, Net of Gains on Sale
$170.1
$917.8
$0.7
$197.6
$18.9
$24.1
$33.6
$39.2
(1) Share-Based Compensation shown reflects the amounts recorded to Sales & Marketing, Research & Development, and General & Administrative only.
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