ACQUISITION OF COHERENT
RECONCILIATION OF GAAP MEASURES
TO NON-GAAP MEASURES
Reconciliation of GAAP Segment Operating Income (Loss) to
Segment Non-GAAP Operating Income (Loss)*
$ Millions
(Unaudited)
Dec 31,
2022
Three Months Ended
Sept 30,
2022
Six Months Ended
Dec 31,
Dec 31,
Dec 31,
2021
2022
2021
Networking GAAP Operating Income
Share-based compensation
$ 90.0 $ 91.0
$ 50.4
S
181.0
$ 109.9
8.9
10.2
9.4
19.1
19.0
Amortization of acquired intangibles
16.4
16.5
16.4
32.9
33.4
Reconciliation of GAAP Measures to non-GAAP Measures*
Integration and other(!)
2.5
1.1
2.5
2.0
$ Millions
(Unaudited)
Non-GAAP Networking Operating Income
$ 117.8
$ 117.7
77.3
$ 235.5 $ 164.3
Three Months Ended
Dec 31,
2022
Sept 30,
Dec 31,
Six Months Ended
Dec 31.
Dec 31,
Materials GAAP Operating Income
$
81.5 S 75.3
S
56.5
S 156.8
103.3
2022
2021
2022
2021
Share-based compensation
12.8
17.2
9.3
30.0
22.5
Gross profit on GAAP basis
$
411.2
$ 443.6 S
311.2
$ 854.8
S
617.8
Amortization of acquired intangibles
33
3.2
3.6
6.5
7.0
Integration and other(1)
2.8
1.1
1.2
3.8
1.2
Share-based compensation
6.2
5.3
1.4
11.5
2.9
Start-up costs(3)
11.3
11.3
Amortization of acquired intangibles
15.3
47.4
9.7
62.7
19.3
Non-GAAP Materials Operating Income
$
100.3
S 96.8 $ $1.9
S 197.1
$ 145.3
Preliminary fair value adjustment on acquired inventory
112.0
45.5
-
157.5
Start-up costs(3)
1.2
1.2
Lasers GAAP Operating Income (Loss)
$ (163.3) $ (123.8) $
$ (287.1) $
Share-based compensation
13.2
25.8
39.0
Integration and other(1)
1.2
0.4
1.2
1.6
1.2
Amortization of acquired intangibles
85.7
62.8
148.5
Gross profit on non-GAAP basis
$
545.9 S
542.2
$ 324.8
$ 1,088.1
S
642.4
Integration and other(1)
12.0
23.0
35.0
Transaction fees and financing(2)
38.7
38.7
Operating income on GAAP basis
$
8.2
$
42.5
$
98.2
$ 50.7 $ 193.3
Preliminary fair value adjustment on acquired inventory
Non-GAAP Lasers Operating Income
112.0
45.5
-
157.5
$
59.7 $ 71.9
$
$ 131.6 $
Share-based compensation
34.9
53.2
18.7
88.1
41.4
Amortization of acquired intangibles
105.4
82.5
20.0
187.9
40.4
Unallocated and Other GAAP Operating Income (Loss)
$
S
S
Preliminary fair value adjustment on acquired inventory
112.0
45.5
157.5
Transaction fees and financing(2)
(8.7)
8.7
in
$ (19.9)
19.9
Start-up costs)
11.3
11.3
Non-GAAP Unallocated and Other GAAP Operating
Income (Loss)
$
$
$
$
Transaction fees and financing
38.7
7.9
38.7
19.9
Integration and other()
17.2
24.1
3.1
41.3
3.2
Total GAAP Operating Income
$
8.2
S 42.5
$ 98.2 $ 50.7 $ 193.3
Operating income on non-GAAP basis
S 277.8
S 286.4
$ 159.2
$ 564.2 S
309.6
Non-GAAP Operating Income
$
277.8 S 286.4
S 159.2 S 564.2 S 309.6
COHERENT
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