Reconciliation of GAAP to Non-GAAP Data
Reconciliation of GAAP to Non-GAAP Data
Three Months Ended October 31, 2022
(in thousands, except percentages and per
share data)
GAAP
Costs and expenses:
Share-Based
Compensation
Expenses
Other Operating
Expenses²
Income Tax and
Non-GAAP
Dilution Effects³
Costs of subscription services
$
259,397 $
(25,598) $
(14,100)
$
Costs of professional services
176,396
(26,577)
(623)
Product development
565,727
(149,279)
(1,899)
General and administrative
Operating margin
Sales and marketing
Operating income (loss)
Other income (expense), net
Income (loss) before provision for (benefit from)
income taxes
Provision for (benefit from) income taxes
470,196
(61,186)
(9,206)
153,708
(51,556)
(531)
| | | | |
$
219,699
149,196
414,549
399,804
101,621
(26,321)
314,196
26,359
314,234
(1.6)%
19.6 %
1.7 %
%
19.7 %
4,163
4,163
(22,158)
314,196
26,359
318,397
52,563
Net income (loss)
Net income (loss) per share, basic¹
Net income (loss) per share, diluted¹
1.
$
$
$
SSS
(74,721) $
314,196
(0.29) $
(0.29) $
2.
3.
0.99
GAAP net loss per share is calculated based upon 255,753 basic and diluted weighted-average shares of common stock. Non-GAAP net income per share is calculated
based upon 255,753 basic and 261,777 diluted weighted-average shares of common stock. The numerator used to compute non-GAAP diluted net income per share was
increased by $0.9 million for after-tax interest expense on our convertible senior notes in accordance with the if-converted method.
Other operating expenses include amortization of acquisition-related intangible assets of $21.2 million and employer payroll tax-related items on employee stock
transactions of $5.2 million.
We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For
fiscal 2023, the non-GAAP tax rate was 19%. Included in the per share amount is a dilution impact of $0.02 from the conversion of GAAP diluted net loss per share to
non-GAAP diluted net income per share.
1.23
1.23 $
$
555
$
26,359 $
7,933
(7,933) $
60,496
257,901
0.10
0.10 $
$
(0.03) $
1.01
(0.05) $View entire presentation