TELEDYNE TECHNOLOGIES INCORPORATED |
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RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES |
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FOR THE FIRST QUARTER ENDED APRIL 4, 2021 AND MARCH 29, 2020 |
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(Unaudited - in millions, except per share amounts) |
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|
First Quarter 2021 |
|
First Quarter 2020 |
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|
Income
|
|
Net income |
|
Diluted
|
|
Income
|
|
Net income |
|
Diluted
|
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GAAP |
$ |
101.3 |
|
$ |
84.7 |
|
|
$ |
2.23 |
|
|
$ |
101.0 |
|
|
$ |
82.2 |
|
|
$ |
2.17 |
|
||
Adjusted for specified items: |
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
FLIR transaction and integration costs |
5.9 |
|
|
5.8 |
|
|
0.15 |
|
|
— |
|
|
— |
|
|
— |
|
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Acquired intangible asset amortization |
9.8 |
|
|
7.5 |
|
|
0.20 |
|
|
9.6 |
|
|
7.3 |
|
|
0.19 |
|
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| Bridge loan and debt extinguishment fees |
30.6 |
|
|
23.3 |
|
|
0.61 |
|
|
— |
|
|
— |
|
|
— |
|
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| Non-GAAP |
$ |
147.6 |
|
|
$ |
121.3 |
|
|
$ |
3.19 |
|
|
$ |
110.6 |
|
|
$ |
89.5 |
|
|
$ |
2.36 |
|
|
|
|
|
First Quarter 2021 |
|
First Quarter 2020 |
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|
|
|
Operating
|
|
Operating
|
|
Operating
|
|
Operating
|
||||||
| GAAP |
|
$ |
135.2 |
|
|
16.8 |
% |
|
$ |
104.0 |
|
|
13.3 |
% |
| Adjusted for specified items: |
|
|
|
|
|
|
|
|
||||||
| FLIR transaction and integration costs |
|
5.9 |
|
|
|
|
— |
|
|
|
||||
| Acquired intangible asset amortization |
|
9.8 |
|
|
|
|
9.6 |
|
|
|
||||
| Non-GAAP |
|
$ |
150.9 |
|
|
18.7 |
% |
|
$ |
113.6 |
|
|
14.5 |
% |
