Marvell Technology, Inc. | ||||||||||
Reconciliations from GAAP to Non-GAAP (Unaudited) | ||||||||||
(In millions, except per share amounts) | ||||||||||
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| Three Months Ended |
| Nine Months Ended | ||||||
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| October 29,
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| July 30,
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| October 30,
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| October 29,
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| October 30,
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GAAP interest and other income (loss), net |
| $ (40.5) |
| $ (35.3) |
| $ (34.2) |
| $ (106.4) |
| $ (103.2) |
Special items: |
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Debt issuance related costs and other (e) |
| (0.5) |
| (1.6) |
| (0.1) |
| (6.2) |
| 19.8 |
Total special items |
| (0.5) |
| (1.6) |
| (0.1) |
| (6.2) |
| 19.8 |
Total non-GAAP interest and other income (loss), net |
| $ (41.0) |
| $ (36.9) |
| $ (34.3) |
| $ (112.6) |
| $ (83.4) |
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GAAP net income (loss) |
| $ 13.3 |
| $ 4.3 |
| $ (62.6) |
| $ (148.1) |
| $ (427.2) |
Special items: |
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Other cost of goods sold (a) |
| 13.0 |
| 6.3 |
| 21.5 |
| 28.6 |
| 191.0 |
Stock-based compensation |
| 146.1 |
| 144.5 |
| 119.1 |
| 421.7 |
| 342.8 |
Restructuring related charges (b) |
| 15.6 |
| 1.2 |
| 5.9 |
| 18.1 |
| 31.1 |
Legal settlement (c) |
| — |
| 85.0 |
| — |
| 100.0 |
| — |
Other operating expenses (d) |
| 13.5 |
| 6.0 |
| 25.4 |
| 32.2 |
| 111.1 |
Amortization of acquired intangible assets |
| 269.9 |
| 271.8 |
| 279.3 |
| 814.2 |
| 684.6 |
Debt issuance related costs and other (e) |
| (0.5) |
| (1.6) |
| (0.1) |
| (6.2) |
| 19.8 |
Pre-tax total special items |
| 457.6 |
| 513.2 |
| 451.1 |
| 1,408.6 |
| 1,380.4 |
Other income tax effects and adjustments (f) |
| 20.6 |
| (31.5) |
| (24.2) |
| 165.4 |
| (103.1) |
Non-GAAP net income |
| $ 491.5 |
| $ 486.0 |
| $ 364.3 |
| $ 1,425.9 |
| $ 850.1 |
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GAAP weighted average shares — basic |
| 852.6 |
| 850.9 |
| 828.6 |
| 850.5 |
| 781.0 |
GAAP weighted average shares — diluted |
| 858.4 |
| 857.9 |
| 828.6 |
| 850.5 |
| 781.0 |
Non-GAAP weighted average shares — diluted (g) |
| 858.4 |
| 857.9 |
| 845.9 |
| 859.3 |
| 796.8 |
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GAAP diluted net income (loss) per share |
| $ 0.02 |
| $ 0.01 |
| $ (0.08) |
| $ (0.17) |
| $ (0.55) |
Non-GAAP diluted net income per share |
| $ 0.57 |
| $ 0.57 |
| $ 0.43 |
| $ 1.66 |
| $ 1.07 |
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