Financial Metrics and Projections
RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES
COHERENT
Reconciliation of GAAP Measures to non-GAAP Measures*
$ Millions
(Unaudited)
Mar 31,
Three Months Ended
Dec 31,
2023
2022
Mar 31,
2022
Nine Months Ended
Mar 31,
Mar 31,
2023
2022
Gross profit on GAAP basis
$
420.2 $ 411.2 $ 321.7
$ 1,274.9
$ 939.5
Share-based compensation
6.5
6.2
1.3
18.0
4.2
Amortization of acquired intangibles
30.7
15.3
9.4
93.4
28.7
Preliminary fair value adjustment on acquired inventory
112.0
-
157.5
Start-up costs(3)
1.6
2.8
Integration and other(1)
5.8
1.2
1.7
7.4
2.9
Gross profit on non-GAAP basis
463.2 $ 545.9 $
335.7
$ 1,551.2
$ 978.1
Operating income on GAAP basis
Share-based compensation
Amortization of acquired intangibles
Preliminary fair value adjustment on acquired inventory
Start-up costs(3)
Transaction fees and financing(2)
Integration and other(1)
Operating income on non-GAAP basis
67.4 $
35.1
8.2 $
34.9
106.8
18.2
$ 118.1 $ 300.0
123.2
59.6
92.7
105.4
19.4
280.6
59.8
112.0
157.5
14.6
25.9
9.6
38.7
29.5
21.9
17.2
3.6
63.2
6.9
$ 217.1
$ 277.8
$
172.0
781.3
$
481.6
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