Q3 2022 Investor Presentation

cr CS cr OCS CI OC C APPENDIX NON-GAAP RECONCILIATION (CONT'D) Non-GAAP Income Tax Expense (Benefit) and Effective Tax Rate Reconciliation: Three Months Ended September 30, 2021 Nine Months Ended September 30, 2022 2021 GAAP income from operations GAAP income before income taxes Non-GAAP income from operations (1) GAAP non-operating income (expenses): Foreign currency gains (losses), net Interest income Interest expense Other income (expense), net Non-GAAP income before income taxes $ GAAP income tax expense Tax effect of non-GAAP operating adjustments Impact of intra-entity IP transfers (2) Non-GAAP income tax expense GAAP effective income tax rate Non-GAAP effective income tax rate $ 2022 264,063 229,575 274,465 (393) 31 (34,142) 16 239,977 60,226 2,751 (8,368) 54,609 26.2% 22.8 % $ (in thousands) 203,068 $ 197,736 205,099 537 615 (6,486) 2 199,767 44,247 508 (1,556) 43,199 22.4 % 21.6% $ $ 630,704 542,939 740,542 (1,115) 219 (86,357) (512) 652,777 140,515 18,789 (18,274) 141,030 25.9 % 21.6 % $ $ 523,076 510,890 527,207 (84) 713 (12,830) 15 515,021 (59,951) 1,038 173,503 114,590 (11.7)% 22.2 % (1) See 'Non-GAAP income from operations and operating margin reconciliation' above for more details. (2) In the fourth quarter of 2020, and subsequently in the fourth quarter of 2021, we made changes to our international legal structure, including an intra-entity transfer of certain intellectual property rights, primarily to align with current and future international operations. The transfers resulted in a step-up in the tax basis of intellectual property rights and correlated increases in foreign deferred tax assets based on the fair value of the transferred intellectual property rights. This adjustment represents the current period impact of these transfers. The prior year adjustment also includes the release of the valuation allowance as a result of a tax law change. 29

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