Alliance for OpenUSD
Reconciliation of Non-GAAP to GAAP Financial Measures (contd.)
Gross Margin
($ in Millions &
Margin Percentage)
Non-GAAP
Acquisition-Related
and Other Costs
(A)
Stock-Based
Compensation
(B)
IP-Related Costs
GAAP
$7,233
(27)
(35)
$7,171
FY 2019
61.7%
(0.2)
(0.3)
61.2%
$6,821
(39)
(14)
$6,768
FY 2020
62.5%
(0.4)
(0.1)
62.0%
$10,947
(425)
(88)
(38)
$10,396
FY 2021
65.6%
(2.6)
(0.5)
(0.2)
62.3%
$17,969
(344)
(141)
(9)
$17,475
FY 2022
66.8%
(1.4)
(0.5)
64.9%
$15,965
(455)
(138)
(16)
$15,356
FY 2023
59.2%
(1.7)
(0.5)
(0.1)
56.9%
$8,636
(214)
(76)
$8,346
1H FY 2023
57.6%
(1.4)
(0.5)
$14,417
(239)
(58)
(10)
1H FY 2024
69.7%
(1.2)
(0.3)
55.7%
$14,110
68.2%
A. Consists of amortization of intangible assets and inventory step-up
B. Stock-based compensation charge was allocated to cost of goods sold
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