ACQUISITION OF COHERENT
RECONCILIATION OF GAAP MEASURES
TO NON-GAAP MEASURES
Reconciliation of GAAP Segment Operating Income (Loss) to
Segment Non-GAAP Operating Income (Loss)*
$ Millions
(Unaudited)
Jun 30,
2023
Three Months Ended
Mar 31,
Year Ended
Jun 30,
Jun 30,
Jun 30,
2023
2022
2023
2022
Networking GAAP Operating Income (Loss)
$
(8.1) $ 49.5 $ 67.1
$
222.4 $ 231.6
Share-based compensation
7.6
6.9
3.1
33.6
30.9
Amortization of acquired intangibles(1)
22.9
16.5
16.5
72.3
66.3
Restructuring charges(2)
55.6
55.6
Integration, site consolidation and other(3)
Transaction fees and financing(4)
Non-GAAP Networking Operating Income
0.9
1.8
2.3
5.2
6.2
0.5
0.5
$
78.9
$ 74.7 $ 89.5
$ 389.1
$ 335.5
Reconciliation of GAAP Measures to non-GAAP Measures*
$ Millions
(Unaudited)
Three Months Ended
Year Ended
Jun 30,
2023
Mar 31,
Jun 30,
2023
2022
Jun 30,
2023
Jun 30,
2022
Gross profit on GAAP basis
Share-based compensation
Amortization of acquired intangibles(1)
Preliminary fair value adjustment on acquired inventory
Integration, site consolidation and other(3)
Start-up costs(5)
Gross profit on non-GAAP basis
$ 343.4
$ 420.2
$ 326.0
$1,618.3 $1,265.5
4.9
38.7
6.5
30.7
0.9
Materials GAAP Operating Income (Loss)
Share-based compensation
Amortization of acquired intangibles(1)
Restructuring charges(2)
Integration, site consolidation and other(3)
Transaction fees and financing(4)
Start-up costs(4)
$ (65.0) $ 67.8 $ 53.5
$ 159.6
$ 218.6
10.4
10.7
10.5
51.1
42.2
35.1
3.2
3.3
44.8
13.3
60.4
60.4
29.4
7.3
5.2
40.5
8.1.
0.2
0.2
6.4
32.3
22.9
5.1
Non-GAAP Materials Operating Income
$ 70.2
$ 89.0
$
79.1
$ 356.4
$ 314.7
9.6
132.1
38.3
157.5
45.8
5.8
6.9
53.2
9.8
Lasers GAAP Operating Income (Loss)
Share-based compensation
$ (82.1)
$ (49.9) $
$ (419.1) $
8.4
17.5
64.9
2.8
Amortization of acquired intangibles(1)
75.6
73.0
297.1
$ 432.8 $ 463.2 $ 343.4
$1,984.0 $1,321.5
Restructuring charges(2)
3.1
3.1
Integration, site consolidation and other(3)
31.0
12.8
78.8
Transaction fees and financing(4)
38.7
Operating income (loss) on GAAP basis
$ (155.2) $ 67.4
$ 114.2
Share-based compensation
26.4
35.1
13.5
$ (37.1) $ 414.3
149.6
73.1
Preliminary fair value adjustment on acquired inventory
Non-GAAP Lasers Operating Income
157.5
$
36.0
$
53.4
S
$ 221.0
Amortization of acquired intangibles(1)
133.5
92.7
19.9
414.1
79.7
Preliminary fair value adjustment on acquired inventory
157.5
Restructuring charges(1)
119.1
119.1
Unallocated and Other GAAP Operating Income (Loss)
Transaction fees and financing(4)
$
$
$
(6.4)
$
$ (35.9)
6.4
35.9
Integration, site consolidation and other(2)
61.3
21.9
7.5
124.5
14.3
Non-GAAP Unallocated and Other GAAP Operating
Income (Loss)
$
$
$
Transaction fees and financing(3)
Start-up costs(4)
7.1
38.7
36.6
6.4
32.3
Total GAAP Operating Income (Loss)
$ (155.2) $
67.4
$ 114.2
$ (37.1) $ 414.3
Operating income on non-GAAP basis
$ 185.1 $ 217.1
$ 168.6
$ 966.5
$ 650.2
Non-GAAP Operating Income
$
185.1 $ 217.1
$ 168.6
$ 966.5 $ 650.2
COHERENT
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