Financial Metrics and Projections
RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES
COHERENT
Reconciliation of GAAP Segment Operating Income (Loss) to
Segment Non-GAAP Operating Income (Loss)*
$ Millions
(Unaudited)
Mar 31,
2023
Three Months Ended
Dec 31,
Mar 31,
Mar 31,
Nine Months Ended
Mar 31,
2022
2022
2023
2022
Networking GAAP Operating Income
$ 49.5
$ 90.0
$
54.6
$ 230.5
$ 164.5
Share-based compensation
6.9
8.9
8.8
26.0
27.8
Amortization of acquired intangibles
16.5
16.4
16.5
49.4
49.8
Integration and other(¹)
1.8
2.5
1.9
4.3
3.9
Non-GAAP Networking Operating Income
$
74.7
$ 117.8
$ 81.8
$ 310.2
$ 246.0
Materials GAAP Operating Income
$
67.8
$
81.5
$
61.8
$ 224.6
165.0
Share-based compensation
10.7
12.8
9.2
40.7
31.7
Amortization of acquired intangibles
3.2
3.3
2.9
9.7
10.0
Integration and other(1)
7.3
2.8
1.7
11.1
2.9
Start-up costs(3)
14.6
25.9
Non-GAAP Materials Operating Income
$
89.0
$ 100.3 $ 90.2
$286.1 $ 235.5
Lasers GAAP Operating Income (Loss)
$ (49.9) $ (163.3) $
$ (337.0) $
Share-based compensation
17.5
13.2
56.5
Amortization of acquired intangibles
73.0
85.7
221.5
Integration and other(1)
12.8
12.0
47.8
Transaction fees and financing(2)
38.7
Preliminary fair value adjustment on acquired inventory
112.0
157.5
Non-GAAP Lasers Operating Income
$
53.4
$
59.7
$
-
$ 185.0 $
Unallocated and Other GAAP Operating Income (Loss)
Transaction fees and financing(2)
$
$
-
$
(9.6) $
$ (29.5)
9.6
29.5
Non-GAAP Unallocated and Other GAAP Operating
Income (Loss)
$
$
$
$
$
Total GAAP Operating Income
$ 67.4
$ 8.2
$ 106.8
$ 118.1
$ 300.0
Non-GAAP Operating Income
$ 217.1
$ 277.8
$ 172.0
$ 781.3
Copyright 2023, Coherent. All rights reserved.
$ 481.6
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