Investor Presentaiton
Acquisition Related Expenses Are Temporary
Example Mix of Acq Related Expenses
Example Timing of
Acq Related Exp on
P&L for Each Acq
. Legal, accounting,
tax diligence experts
Banking fees
Indemnity insurance
M&A bonuses
Restructuring &
Transaction
Transformation
costs Non-People Costs
Restructuring &
Transformation
People Costs
Office lease
terminations
Vendor cancellations
50%
Datacenter lift & shift
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Expenses Eliminated
after 4 Qtrs
Severance
Transitional personnel compensation
• Temporary transitional contractors
Marketing conversions
Q1
Q2
Q3
Q4
Note: Expense recognition timing varies based on the timing of the close of the acquisition transaction within
the initial calendar quarter and when each type of expense is incurred. Examples: acquisition transaction
costs are generally expensed when the acquisition closes; people costs are expensed as compensation is
earned over time; severance expense is recognized in the period that termination is communicated to the
employee; and lease termination costs are expensed in the period when the lease is vacated.
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