Q3 FY24 Earnings Summary
Acquisition-Related
Non-GAAP
Acquisition
Termination Cost
(A)
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Operating Income
and Margin
($ in Millions &
Margin Percentage)
Stock-Based
IP-Related
Other
and Other Costs Compensation
GAAP
Costs
(C)
(B)
$4,407
(2)
(557)
(35)
(9)
$3,804
FY 2019
37.6%
(4.7)
(0.3)
(0.1)
32.5%
$3,735
(31)
(844)
(14)
$2,846
FY 2020
34.2%
(0.3)
(7.7)
(0.1)
26.1%
$6,803
(836)
(1,397)
(38)
$4,532
FY 2021
40.8%
(5.0)
(8.4)
(0.2)
27.2%
$12,690
(636)
(2,004)
(9)
$10,041
FY 2022
47.2%
(2.5)
(7.4)
37.3%
$9,040
(1,353)
(674)
(2,710)
(16)
(63)
$4,224
FY 2023
33.5%
(5.0)
(2.5)
(10.0)
(0.1)
(0.2)
15.7%
$6,816
(1,353)
(499)
(1,971)
(25)
$2,968
YTD Q3 2023
32.6%
(6.5)
(2.4)
(9.4)
(0.1)
14.2%
$22,385
(446)
(2,555)
(36)
10
$19,358
YTD Q3 2024
57.7%
(1.1)
(6.6)
(0.1)
49.9%
A. Consists of amortization of acquisition-related intangible assets, inventory step-up, transaction costs, compensation charges, and other costs
B. Stock-based compensation charge was allocated to cost of goods sold, research and development expense, and sales, general and administrative expense
C. Comprises of legal settlement cost, contributions, restructuring costs and assets held for sale related adjustments
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