Second Quarter 2023 Earnings
Second Quarter 2023 Key Financial Metrics
(In millions, except percentage data)
Reported Revenue
Growth
Revenue Growth1
GAAP Net Income
Non-GAAP Net Income2
Excluding KUVANⓇ
$595
$545
$56
$105
$534
$476
+12%
+14%
$28
+102%
$77
+37%
Q2 2022
Q2 2023
Q2 2022
1
Includes total revenues excluding revenues from KUVAN.
2
7
Q2 2023
Q2 2022
Q2 2023
Q2 2022
Q2 2023
Non-GAAP Income is defined by the Company as reported GAAP Net Income, excluding amortization expense, stock-based compensation expense, contingent consideration, and, in certain periods, certain
other specified items. The Company also includes a Non-GAAP adjustment for the estimated income tax impact of reconciling items. Refer to Non-GAAP Information on slide 10 of this presentation for
reconciliations to the comparable information reported under U.S. GAAP.
BIOMARINView entire presentation