Q2 FY23 Highlights and Guidance
Reconciliation of GAAP to Non-GAAP Data
Three Months Ended July 31, 2021
(in thousands, except percentages and per
share data)
GAAP
Share-Based
Compensation
Expenses
Other Operating
Expenses²
Income Tax Effects³
Non-GAAP
Costs and expenses:
Costs of subscription services
Costs of professional services
Product development
Sales and marketing
General and administrative
$
192,738 $
152,783
(20,421) $
(13,132) $
(26,534)
(1,215)
444,251
(129,892)
(3,161)
358,157
(52,168)
(9,764)
113,552
(35,704)
(933)
| | | | |
$
159,185
125,034
311,198
Operating income (loss)
(1,120)
264,719
28,205
296,225
76,915
291,804
Operating margin
(0.1)%
21.0 %
2.3 %
― %
23.2%
Other income (expense), net
102,985
102,985
Income (loss) before provision for (benefit from)
income taxes
101,865
264,719
28,205
394,789
Provision for (benefit from) income taxes
Net income (loss)
$
Net income (loss) per share, basic¹
$
Net income (loss) per share, diluted¹
$
555
0.41
(3,871)
105,736 $
0.43 $
$
264,719 $
1.
2.
3.
1.29
1.23
GAAP and non-GAAP net income per share are both calculated based upon 246,943 basic and 260,016 diluted weighted-average shares of common stock. The
numerator used to compute GAAP and non-GAAP diluted net income per share was increased by $1.6 million and $1.3 million, respectively, for after-tax interest expense
on our convertible senior notes in accordance with the if-converted method.
Other operating expenses include amortization of acquisition-related intangible assets of $19.8 million and employer payroll tax-related items on employee stock
transactions of $8.4 million.
We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For
fiscal 2022, the non-GAAP tax rate was 19%.
1.02
1.07 $
$
SASS
28,205 $
0.11 $
0.11 $
78,881
(78,881)
(0.32) $
75,010
$
319,779
SA
(0.31) $View entire presentation