Market-Defining and Diversified Innovations Driving Value Creation
Reconciliation of Income from Operations
to Non-GAAP Income from Operations
($M)
FY22
FY21
FY20
FY19
FY18
FY17
FY16
FY15
Income (loss) from operations, as reported
$ 1,334
$ 1,080
$ 765
$ 711
$ (394) $
148
$ 375 $ 390
Goodwill impairment
709
Amortization of acquisition-related balances
103
174
224
224
265
256
56
Share-based compensation
126
104
93
82
59
56
499
Acquisition and integration costs
9
9
13
9
49
57
18
Separation and related costs
2
20
24
2562
23
55
16
20
Acquisition-related compensation expense
28
Northern California wildfire-related impacts
Restructuring and others
14
9
(32)
6
7
16
11
38
17
(7)
14
Non-GAAP income from operations
GAAP Operating Margin
Non-GAAP Operating Margin
$ 1,586 $ 1,376 $ 1,069
$ 1,037 $ 735 $
598 $
515 $
518
24.6%
29.3%
21.9%
18.1%
16.5% (10.2)%
4.6%
12.9%
13.7%
27.9%
25.3%
24.0%
18.8%
18.4%
17.6%
18.1%
ā KEYSIGHT
Prior years revised to conform with current year presentation.
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