Investor Presentaiton
Reconciliation of GAAP to Non-GAAP Consolidated Statements of Operations (Unaudited)
(in thousands, except per share amounts)
Revenue
Recurring
One-time services and other
Total revenue
Nine Months Ended September 30, 2021
Amortization of
GAAP
Stock-based
Compensation
Expense
Intangibles from
Business
Combinations
Employee
Severance
Acquisition-related
Integration Costs
Acquisition-related
Expenses
$
642,266 $
$
$
$
37,583
679,849
$
Restructuring and
Other Real
Estate Activities
$
Security Incident-
related costs,
net of insurance (1)
Non-GAAP
Adjustments
Subtotal
$
Non-GAAP
$
642,266
37,583
679,849
Cost of revenue
Cost of recurring
279,123
(8,900)
(25,309)
|
Cost of one-time services and other
40,013
(5,958)
(1,294)
(29)
Total cost of revenue
319,136
(14,858)
(26,603)
(29)
Gross profit
360,713
14,858
26,603
29
41,490
(34,209)
244,914
(7,281)
32,732
(41,490)
277,646
402,203
Recurring gross margin
56.5%
One-time services and other gross margin
(6.5)%
Total Gross Margin
53.1 %
5.4%
61.9%
19.4 %
12.9%
6.1 %
59.2 %
Operating expenses
Sales, marketing and customer success
138,948
(15,048)
Research and development
90,967
(19,725)
General and administrative
97,328
(39,849)
| | |
(1,342)
(36)
(103)
115
(196)
676
। ।
Amortization
Restructuring
Total operating expenses
1,674
(1,674)
263
329,180
(74,622)
(1,674)
(1,481)
115
(196)
དྨེ8 |3||
(16,390)
122,558
(19,761)
71,206
(1,321)
(40,678)
56,650
(1,674)
(263)
(263)
(1,321)
(78,766)
250,414
31,533
89,480
28,277
1,510
(115)
196
(413)
1,321
120,256
151,789
Income from operations
Total Operating Margin
4.6 %
Net Income
$
Shares used in computing diluted earnings per share
Diluted earnings per share
$
12,755
48,260
0.26
17.7 %
22.3 %
$
110,365
48,260
$
2.29
(1) Includes Security Incident -related costs incurred, net of probable insurance recoveries. Recorded expenses consisted primarily of payments to third-party service providers and consultants, including legal fees, as well as settlements of customer claims. Not included in this adjustment were costs associated with enhancements to
our cybersecurity program.
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