Reconciliation of GAAP to Non-GAAP Data
Reconciliation of GAAP to Non-GAAP Data
Nine Months Ended October 31, 2023
(in thousands, except percentages and per
share data)
Costs and expenses:
GAAP
Share-Based
Compensation
Expenses
Other Operating
Expenses²
Income Tax and
Dilution Effects³
Non-GAAP
Costs of subscription services
$
Costs of professional services
758,551 $
552,233
(89,793) $
(39,500) $
629,258
(87,532)
(5,537)
Product development
1,828,870
(493,934)
(18,806)
459,164
1,316,130
Sales and marketing
1,580,639
(211,560)
(35,222)
General and administrative
512,148
(187,810)
(5,468)
Operating income (loss)
104,312
1,070,629
104,533
1,333,857
318,870
1,279,474
Operating margin
2.0 %
20.1 %
1.9 %
%
24.0 %
Other income (expense), net
113,652
113,652
Income (loss) before provision for (benefit from)
income taxes
217,964
1,070,629
104,533
1,393,126
Provision for (benefit from) income taxes
25,459
Net income (loss)
$
192,505
69
$
Net income (loss) per share, basic¹
$
Net income (loss) per share, diluted¹
$
0.74 $
0.73 $
1.
(0.91) $
GAAP and non-GAAP net income per share are both calculated based upon 260,747 basic and 264,087 diluted weighted-average shares of common stock.
1,070,629 $
4.11 $
$
4.05
104,533 $
0.40 $
0.40 $
239,235
(239,235) $
(0.92) $
264,694
1,128,432
4.33
4.27
2.
Other operating expenses include amortization of acquisition-related intangible assets of $58.4 million and employer payroll tax-related items on employee stock
transactions of $46.2 million.
3.
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 2024, the non-GAAP tax rate is 19%.View entire presentation