Investor Presentaiton
IIVI
Reconciliation of GAAP Measures to Non-GAAP Measures
Reconciliation of GAAP Measures to non-GAAP Measures
$ Millions
(Unaudited)
Revenues
Gross profit on GAAP basis
Finisar results
Share-based compensation
Fair value adjustment on acquired inventory
Measurement period adjustment on long-lived assets
Restructuring, transaction expenses and other
Gross profit on non-GAAP basis
Non-GAAP gross margin
Jun 30,
Three Months Ended
Mar 31,
2021
2021
Jun 30,
2020
Year Ended
Jun 30, Jun 30,
2021
$ 808.0
$ 783.2
$ 746.2
$ 307.6
$ 299.6
$ 302.2
$ 3,105.9
$1,216.2
2020
$2,380.0
$ 819.6
(6.5)
3.4
3.0
4.4
12.1
11.6
87.7
9.1
0.7
1.8
6.7
$ 311.7
$ 304.4
$ 315.7
$1,235.0
$ 912.4
38.6%
38.9%
42.3%
39.8%
38.3%
Operating income on GAAP basis
$ 97.1
$ 85.1
$ 67.5
$ 402.1
$ 39.5
Finisar results
(1.9)
Share-based compensation
18.5
16.8
24.0
78.9
63.1
Fair value adjustment on acquired inventory
87.7
Amortization of acquired intangibles
20.6
20.8
18.8
82.2
64.2
Measurement period adjustment on long-lived assets
9.1
Restructuring, transaction expenses and other
12.2
18.5
5.3
38.3
72.2
Operating income on non-GAAP basis
$ 148.5
$ 141.0
$ 124.6
$ 601.5
$ 324.8
Non-GAAP operating margin
18.4%
18.0%
16.7%
19.4%
13.6%
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