1Q22 Earnings Report
Appendix B
Non-GAAP Reconciliation
2022 financial outlook
Forecasted Growth - GAAP 1
Russia-related impacts
2
Litigation provisions
4
Indirect tax matter
3
Prior 2022 vs. 2021
Increase/(Decrease)
Net Revenue
High-teens
Operating Expenses
Low-double-
digits
Updated 2022 vs. 2021
Increase/(Decrease)
Net Revenue
High-end of
**
**
mid-teens
-%
Operating Expenses
High-single-
digits
**
1%
**
**
1%
**
-%
1%
1%
Non-GAAP Growth
Currency impact
5
High-teens
Low-teens
1-2%
6
Acquisitions
-(1)%
Non-GAAP Growth, currency-neutral, excl. acq.
High-end of
high-teens
-1%
(4-5)%
Low-end of low-
double-digits
High-end of
mid-teens
3-4%
Low-end of low-
double-digits
2-3%
-(1)%
(4-5)%
High-end of
high-teens
High-single-
digits
**Not applicable.
GAAP - FY2022 forecast versus FY2021 reported results.
2
Impact of Q1'22 Russia-related impacts ($30M) in net revenue and ($34M) in operating expenses.
Impact of FY2021 provisions for litigation ($94M).
4 Impact of FY2021 indirect tax matter ($82M).
5
Represents the projected translational and transactional impact of currency and the related impact of the company's foreign exchange derivative contracts designated as cash flow hedging instruments.
6 Acquisitions completed after the beginning of 2021.
April 28, 2022
13
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