Financial Metrics and Projections
RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES
COHERENT
Reconciliation of GAAP Segment Operating Income (Loss) to
Segment Non-GAAP Operating Income (Loss)*
$ Millions
(Unaudited)
Dec 31,
2022
Three Months Ended
Sept 30,
Six Months Ended
Dec 31,
Dec 31,
Dec 31,
2022
2021
2022
2021
Networking GAAP Operating Income
$ 90.0
$ 91.0
$ 50.4
$ 181.0
$
109.9
Share-based compensation
8.9
10.2
9.4
19.1
19.0
Amortization of acquired intangibles
16.4
16.5
16.4
32.9
33.4
Integration and other(1)
2.5
1.1
2.5
2.0
Non-GAAP Networking Operating Income
$
117.8
$ 117.7
$ 77.3
$ 235.5 $
164.3
Materials GAAP Operating Income
Share-based compensation
Amortization of acquired intangibles
$
81.5 $
75.3
$ 56.5
$ 156.8
103.3
12.8
17.2
9.3
30.0
22.5
3.3
3.2
3.6
6.5
7.0
Integration and other(1)
2.8
1.1
1.2
3.8
1.2
Start-up costs(3)
11.3
11.3
Non-GAAP Materials Operating Income
$
100.3
$ 96.8
$
81.9
$ 197.1
$
145.3
Lasers GAAP Operating Income (Loss)
$ (163.3) $ (123.8) $
$ (287.1) $
Share-based compensation
13.2
25.8
39.0
Amortization of acquired intangibles
85.7
62.8
148.5
Integration and other(1)
12.0
23.0
35.0
Transaction fees and financing(2)
38.7
38.7
Preliminary fair value adjustment on acquired inventory
112.0
45.5
157.5
Non-GAAP Lasers Operating Income
$
59.7 $
71.9
$
S
131.6 $
Unallocated and Other GAAP Operating Income (Loss)
$
Transaction fees and financing(2)
Non-GAAP Unallocated and Other GAAP Operating
Income (Loss)
$
$
(8.7)
$
(19.9)
8.7
19.9
S
$
Total GAAP Operating Income
$
8.2
S 42.5
$
98.2
S 50.7
$ 193.3
Non-GAAP Operating Income
$ 277.8
$ 286.4
$ 159.2
$ 564.2
$ 309.6
41View entire presentation