Investor Presentaiton
APPENDIX
NON-GAAP RECONCILIATION (CONT'D)
Non-GAAP Income from Operations and Operating Margin Reconciliation:
Three Months Ended March 31,
GAAP revenues
GAAP income from operations
Non-GAAP cost of sales adjustments (1)
Non-GAAP selling, general and administrative expenses adjustments(2)
Non-GAAP income from operations
GAAP operating margin
Non-GAAP operating margin
2022
2021
(in thousands)
660,148
460,098
EA
118,677
124,686
30,918
985
25,868
$
175,463
$
125,671
18.0 %
26.6 %
27.1 %
27.3 %
Cr
CS
cr
CS
(1) See 'Non-GAAP cost of sales, gross profit, and gross margin reconciliation' above for more details.
CI
OC
00
(2) See 'Non-GAAP selling, general and administrative expenses and selling, general and administrative expenses as a percent of revenues reconciliation' above for more details.
AC
E
e
ล
JC
26
26
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