Investor Presentaiton
Appendix - reconciliation
Reconciliation of U.S. GAAP to Non-GAAP Guidance for the
quarter ended December 24, 2023
Revenue
Gross margin as a percentage of revenue
Operating income as a percentage of revenue
Net income per diluted share
Diluted share count
U.S. GAAP
Reconciling Items
Non-GAAP
$3.7 Billion
+/-
$300 Million
$3.7 Billion
+/-
$300 Million
46.5%
+/-
1%
$
17 Million
47.0%
+/-
1%
28.6%
$6.78
+/-
1%
$
32 Million
29.5%
+/-
1%
+/-
132 Million
$0.75
$
29 Million
$7.00
+/-
$0.75
132 million
The information provided above is only an estimate of what the Company believes is realizable as of the date of this release and does not incorporate the potential
impact of any business combinations, asset acquisitions, divestitures, restructuring, balance sheet valuation adjustments, financing arrangements, other investments,
or other significant arrangements that may be completed or realized after the date of this release, except as described below. U.S. GAAP to non-GAAP reconciling
items provided include only those items that are known and can be estimated as of the date of this release. Actual results will vary from this model and the variations
may be material. Reconciling items included above are as follows:
Gross margin as a percentage of revenue - restructuring charges, $7 million; transformational costs, $7 million; and amortization related to intangible assets
acquired through business combinations, $3 million; totaling $17 million.
Operating income as a percentage of revenue - transformational costs, $22 million; restructuring charges, $7 million; and amortization related to intangible
assets acquired through business combinations, $3 million; totaling $32 million.
Net income per diluted share - transformational costs, $22 million; restructuring charges, $7 million; amortization related to intangible assets acquired though
business combinations, $3 million; amortization of debt discounts, $1 million; and associated tax benefit for non-GAAP items ($4 million); totaling $29 million.
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