|
CAVIUM, INC.
| |||||||
|
|
|
| |||||
|
|
Three Months Ended |
| |||||
|
|
June 30, 2016 |
|
|
March 31, 2016 |
| ||
|
Reconciliation of GAAP operating expenses to non-GAAP: |
|
|
|
|
|
|
|
|
GAAP research and development expenses |
$ |
52,578 |
|
|
$ |
50,455 |
|
|
Stock-based compensation and related payroll taxes |
|
(9,017) |
|
|
|
(8,773) |
|
|
Amortization of acquisition related assets and other |
|
(3,523) |
|
|
|
(3,532) |
|
|
Non-GAAP research and development expenses |
$ |
40,038 |
|
|
$ |
38,150 |
|
|
|
|
|
|
|
|
|
|
|
GAAP sales, general and administrative expenses |
$ |
25,882 |
|
|
$ |
20,925 |
|
|
Stock-based compensation and related payroll taxes |
|
(5,263) |
|
|
|
(5,984) |
|
|
Acquisition related expenses |
|
(6,339) |
|
|
|
- |
|
|
Non-GAAP sales, general and administrative expenses |
$ |
14,280 |
|
|
$ |
14,941 |
|
|
Total Non-GAAP operating expenses |
$ |
54,318 |
|
|
$ |
53,091 |
|
|
|
|
|
|
|
|
|
|
|
CAVIUM, INC.
| |||||||
|
|
|
| |||||
|
|
Three Months Ended |
| |||||
|
|
June 30, 2016 |
|
|
March 31, 2016 |
| ||
|
Reconciliation of GAAP gross profit and margin to non-GAAP: |
|
|
|
|
|
|
|
|
Net revenue |
$ |
107,158 |
|
|
$ |
101,882 |
|
|
GAAP gross profit |
|
71,659 |
|
|
|
68,016 |
|
|
GAAP gross margin |
|
66.9 |
% |
|
|
66.8 |
% |
|
|
|
|
|
|
|
|
|
|
Stock-based compensation and related payroll taxes |
|
261 |
|
|
|
191 |
|
|
Amortization of acquisition related assets |
|
157 |
|
|
|
157 |
|
|
Non-GAAP gross profit |
$ |
72,077 |
|
|
$ |
68,364 |
|
|
Non-GAAP gross margin |
|
67.3 |
% |
|
|
67.1 |
% |
|
|
|
|
|
|
|
|
|
|
Reconciliation of GAAP loss from operations to non-GAAP income from operations: |
|
|
|
|
|
|
|
|
GAAP loss from operations |
$ |
(6,801) |
|
|
$ |
(3,364) |
|
|
Stock-based compensation and related payroll taxes |
|
14,541 |
|
|
|
14,948 |
|
|
Amortization of acquisition related assets and other |
|
3,680 |
|
|
|
3,689 |
|
|
Acquisition related expenses |
|
6,339 |
|
|
|
- |
|
|
Non-GAAP income from operations |
$ |
17,759 |
|
|
$ |
15,273 |
|
|
Non-GAAP income from operations as a percentage of revenue |
|
16.6 |
% |
|
|
15.0 |
% |
|
|
|
|
|
|
|
|
|
|
Reconciliation of GAAP net loss to non-GAAP net income: |
|
|
|
|
|
|
|
|
GAAP net loss |
$ |
(7,410) |
|
|
$ |
(3,833) |
|
|
Non-GAAP adjustments: |
|
|
|
|
|
|
|
|
Stock-based compensation and related payroll taxes |
|
14,541 |
|
|
|
14,948 |
|
|
Amortization of acquisition related assets and other |
|
3,680 |
|
|
|
3,689 |
|
|
Acquisition related expenses |
|
6,339 |
|
|
|
- |
|
|
Total of non-GAAP adjustments |
|
24,560 |
|
|
|
18,637 |
|
|
Non-GAAP net income |
$ |
17,150 |
|
|
$ |
14,804 |
|
|
|
|
|
|
|
|
|
|
|
GAAP net loss per share, diluted |
$ |
(0.13) |
|
|
$ |
(0.07) |
|
|
Non-GAAP adjustments detailed above |
|
0.42 |
|
|
|
0.32 |
|
|
Non-GAAP net income per share, diluted |
$ |
0.29 |
|
|
$ |
0.25 |
|
|
|
|
|
|
|
|
|
|
|
GAAP weighted average shares, diluted |
|
57,527 |
|
|
|
56,932 |
|
|
Non-GAAP share adjustment |
|
2,471 |
|
|
|
3,233 |
|
|
Non-GAAP weighted average shares, diluted |
|
59,998 |
|
|
|
60,165 |
|
