Investor Presentaiton
Reconciliation of Non-GAAP Results to GAAP Results
m
W
$ in millions
Total revenue
Add change in deferred revenue
Add deferred revenue adjustment due to
adoption of the new revenue recognition
standard
Less deferred revenue balance acquired
in business acquisition
Total Billings
$ in millions
GAAP gross profit
Stock-based compensation
Amortization of acquired intangible assets
Non-GAAP gross profit
Non-GAAP gross margin
2018
$1,804.6 $2,163.0
2019
2020
$2,594.4
LTM Q3'21
$3,126.6
347.1
442.3
496.2
714.4
4.1
(2.5) (2.4)
$2,153.3 $2,602.9
(0.6)
(4.5)
$3,090.0
$3,836.5
2018
$1,354.2
2019
$1,657.1
2020
$2,024.4
12.3
12.8
14.5
6.2
$1,372.7
76%
7.7
$1,677.6
78%
9.1
$2,048.0
79%
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