Reconciliation of GAAP to Non-GAAP Data
Reconciliation of GAAP to Non-GAAP Data
Three Months Ended October 31, 2023
(in thousands, except percentages and per
share data)
Costs and expenses:
GAAP
Share-Based
Compensation
Expenses
Other Operating
Expenses²
Income Tax and
Non-GAAP
Dilution Effects³
Costs of subscription services
$
263,840 $
(30,543) $
(9,140)
$
Costs of professional services
181,400
(28,738)
(1,097)
Product development
618,736
(162,025)
(3,006)
General and administrative
Sales and marketing
Operating income (loss)
Operating margin
Other income (expense), net
Income (loss) before provision for (benefit from)
537,816
(64,805)
(10,438)
176,028
(63,146)
(1,305)
| | | | |
$
224,157
151,565
453,705
462,573
111,577
87,855
349,257
24,986
462,098
4.7 %
18.7 %
1.4 %
%
24.8 %
41,388
41,388
129,243
349,257
24,986
503,486
income taxes
Provision for (benefit from) income taxes
15,534
80,129
95,663
Net income (loss)
$
113,709
69
$
349,257
$
Net income (loss) per share, basic¹
0.43 $
Net income (loss) per share, diluted¹
0.43
$
1.
$
$
GAAP and non-GAAP net income per share are both calculated based upon 262,153 basic and 266,377 diluted weighted-average shares of common stock.
1.33
$
1.31
$
0.09
24,986 $
0.10 $
$
(80,129) $
(0.30) $
407,823
1.56
(0.30) $
1.53
2.
Other operating expenses include amortization of acquisition-related intangible assets of $16.0 million and employer payroll tax-related items on employee stock
transactions of $9.0 million.
3.
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 2024, the non-GAAP tax rate is 19%.View entire presentation