arm IPO Presentation Deck
Reconciliations: GAAP to Non-GAAP and Adjustments
(in USD millions, except per share amounts)
Total Revenue
Reconciliation of GAAP operating income to Non-GAAP
operating income:
GAAP operating income
Non-GAAP Adjustments:
Acquisition-related intangible asset amortization
Share-based compensation expense (equity settled) (¹)
Costs associated with disposal activities
Impairment of long-lived assets
Restructuring and related costs
Public company readiness costs
Other operating income (expenses), net
Non-GAAP operating income
Non-GAAP operating margin
FYE
2023
2,679
671
5
60
4
0
1
42
0
783
29%
FYE
2021
2,027
239
11
41
4
3
0
1
5
304
15%
FQE
June 30,
2023
675
111
1
146
0
0
0
14
0
272
40%
(in USD millions, except per share amounts)
Reconciliation of Net cash provided by operating
activities to Non-GAAP free cash flow:
Net cash provided by operating activities
Adjusted for:
Purchases of property and equipment
Purchases of intangible assets
Payment of intangible asset obligations
Non-GAAP free cash flow
FYE
2023
739
(64)
(29)
(40)
606
FYE
2021(2)
1,233
(104)
(61)
(38)
1,030
(1) Total share-based compensation expense, including both cash and equity settled awards, was $326 million and $54 million for the fiscal years ended March 31, 2023 and 2021, respectively. Total share-based
compensation expense, including both cash and equity settled awards, was $158 million for the fiscal quarter ended June 30, 2023.
(2) Includes a one-time $750 million non-cancellable and non-refundable prepayment from a large technology customer.
FQE
June 30,
2023
(114)
(26)
0
(10)
(150)View entire presentation