Contribution Margin Actual vs Outlook
Non-GAAP Condensed Consolidated Statement of Operations
($ in millions, except per share items)
Revenue
Fiscal 2021
Fiscal 2022
Q1
Q2
Q3
Q4
Total
Q1
$
609.0
$
765.0
$
864.4
$
969.9 $
3,208.3
$
875.6
Cost of revenue
Operating expenses
Operations and support
Research and development
Sales and marketing
General and administrative
Total costs and expenses
271.7
313.0
350.8
391.1
1,326.7
373.1
83.4
86.2
103.3
103.7
376.5
92.4
132.0
130.2
109.4
100.3
471.9
102.7
69.5
88.6
99.1
112.9
370.2
114.8
155.5
153.2
167.1
216.7
692.4
166.6
712.2
771.2
829.7
924.6
3,237.7
849.6
Non-GAAP loss from operations
(103.2)
(6.2)
34.7
45.3
(29.4)
25.9
Interest expense
(12.6)
(12.8)
(13.1)
(13.1)
(51.6)
(4.5)
Non-GAAP other income (expense), net¹
3.6
1.7
2.8
1.9
10.0
6.0
Non-GAAP income (loss) before income taxes
(112.2)
(17.3)
24.4
34.1
(71.0)
27.4
Provision for (benefit from) income taxes
1.9
0.7
6.6
2.0
11.2
2.8
Adjusted net income (loss)
$
(114.1)
$
(18.0)
$
17.8
$
32.1
$
(82.2)
$
24.6
Adjusted net income (loss) per share, basic
$
(0.35)
$
(0.05)
$
0.05
$
0.09
$
(0.25)
$
0.07
Weighted-average shares used to compute adjusted net income
(loss) per share, basic.
326.2
332.1
337.8
342.7
334.7
346.6
Non-GAAP other income (expense), net excludes (i) the pre-tax gain from the divestiture relating to our self-driving vehicle division, Level 5 in Q3'21, and (ii) sublease income, which is presented as a contra-expense to the related
lease rent expense within operating expenses for non-GAAP purposes.
(1)
Note:
Due to rounding, numbers presented may not add up precisely to the totals provided.
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