ACQUISITION OF COHERENT
RECONCILIATION OF GAAP MEASURES
TO NON-GAAP MEASURES
Reconciliation of GAAP Segment Operating Income (Loss) to
Segment Non-GAAP Operating Income (Loss)*
$ Millions
(Unaudited)
Three Months Ended
Mar 31,
Dec 31,
Mar 31,
2023
2022
2022
Nine Months Ended
Mar 31, Mar 31,
2023
2022
Networking GAAP Operating Income
$
49.5
$ 90.0 $
54.6
$ 230.5
$ 164.5
Share-based compensation
6.9
8.9
8.8
26.0
27.8
Amortization of acquired intangibles
16.5
16.4
16.5
49.4
49.8
Integration and other
1.8
2.5
1.9
4.3
3.9
Non-GAAP Networking Operating Income
$
74.7
$ 117.8
$ 81.8
$ 310.2
$ 246.0
Reconciliation of GAAP Measures to non-GAAP Measures*
$ Millions
Materials GAAP Operating Income
$
67.8
S 81.5 $ 61.8
$ 224.6
165.0
(Unaudited)
Three Months Ended
Nine Months Ended
Share-based compensation
10.7
12.8
9.2
40.7
31.7
Mar 31,
2023
Dec 31,
2022
Mar 31,
2022
Mar 31,
Mar 31,
Amortization of acquired intangibles
3.2
3.3
2.9
9.7
10.0
2023
2022
Integration and other)
7.3
2.8
1.7
11.1
2.9
Gross profit on GAAP basis
$
Share-based compensation
6.5
420.2 $ 411.2
6.2
$
321.7
$ 1,274.9
$
939.5
Start-up costs(3)
14.6
25.9
Non-GAAP Materials Operating Income
$
89.0 $ 100.3 $
90.2
$ 286.1
$ 235.5
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
Lasers GAAP Operating Income (Loss)
Share-based compensation
$ (49.9) $ (163.3) $
$ (337.0) $
17.5
13.2
56.5
Start-up costs(3)
1.6
2.8
Amortization of acquired intangibles
73.0
85.7
221.5
Integration and other(1)
5.8
1.2
1.7
7.4
2.9
Integration and other y
12.8
12.0
47.8
Gross profit on non-GAAP basis
$
463.2 $
545.9
$
335.7
$ 1,551.2
$ 978.1
Transaction fees and financing(a)
38.7
Preliminary fair value adjustment on acquired inventory
Non-GAAP Lasers Operating Income
112.0
157.5
$
53.4
$
59.7 $
$ 185.0
$
Operating income on GAAP basis
$
67.4
$
8.2 $
106.8
Share-based compensation
35.1
34.9
18.2
$ 118.1 $
123.2
300.0
59.6
Amortization of acquired intangibles
92.7
105.4
19.4
280.6
59.8
Unallocated and Other GAAP Operating Income (Loss)
Transaction fees and financing(2)
$
S
$
(9.6)
$
$ (29.5)
9.6
29.5
Preliminary fair value adjustment on acquired inventory
112.0
157.5
Non-GAAP Unallocated and Other GAAP Operating
Income (Loss)
$
$
$
S
$
Start-up costs(3)
14.6
25.9
Transaction fees and financing(2)
9.6
38.7
29.5
Total GAAP Operating Income
$
67.4
$
8.2
$ 106.8
$ 118.1 $ 300.0
Integration and other(1)
21.9
17.2
3.6
63.2
6.9
Operating income on non-GAAP basis
$ 217.1
$ 277.8 $
172.0
$
781.3
$
481.6
Non-GAAP Operating Income
$ 217.1
$ 277.8
$ 172.0
$ 781.3
$ 481.6
COHERENT
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