Investor Presentaiton slide image

Investor Presentaiton

GAAP to Non-GAAP reconciliation (continued) $ in MUSD Net income (loss) (GAAP) Q1'22 Q2'22 Q3'22 Q4'22 FY'22 Q1'23 Q2'23 Q3'23 Q4'23 FY'23 Q1'24 ACT ACT ACT ACT ACT ACT ACT ACT ACT ACT ACT $51.8 $77.0 $114.8 $153.8 $397.4 $146.9 $157.1 $114.0 $20.9 $438.9 $(16.1) Stock-based compensation 47.8 53.1 52.3 63.6 216.8 59.7 54.2 43.8 55.2 212.8 60.8 Acquisition related expenses and 4.9 5.3 5.6 7.0 22.8 5.5 5.8 5.8 5.8 22.9 5.4 amortization Restructuring and asset impairment charges 0.6 1.8 2.4 0.7 0.2 14.8 15.7 1.9 Non-cash interest expense 2.0 2.0 2.1 21 2.1 8.1 2.0 2.1 2.1 2.1 8.4 21 2.1 Non-GAAP income tax adjustment 3.2 12.5 0.1 (15.9) (0.1) (22.5) (13.8) (23.9) (25.3) (85.5) (6.1) Net income (Non-GAAP) ENPHASE $109.7 $149.9 $175.5 $212.4 $647.4 $192.3 $205.6 $141.8 $73.5 $613.2 $48.0 © 2024 Enphase Energy, Inc. 33 33
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