Reconciliation of GAAP Gross Profit and Margin to Non-GAAP Adjusted Gross Profit and Margin3 (unaudited)
|
|
Three Months Ended |
|
Year Ended |
||||||||||||||||||||
U.S. dollars in millions |
|
December 31, 2022 |
|
December 25, 2021 |
|
December 31, 2022 |
|
December 25, 2021 |
||||||||||||||||
|
|
Amount |
|
% of
|
|
Amount |
|
% of
|
|
Amount |
|
% of
|
|
Amount |
|
% of
|
||||||||
Gross Profit |
|
$ |
300 |
|
53 |
% |
|
$ |
154 |
|
43 |
% |
|
$ |
922 |
|
49 |
% |
|
$ |
655 |
|
47 |
% |
Add: Amortization of acquired intangible assets |
|
|
114 |
|
20 |
% |
|
|
119 |
|
33 |
% |
|
|
469 |
|
25 |
% |
|
|
419 |
|
30 |
% |
Add: Share-based compensation expense |
|
|
2 |
|
— |
% |
|
|
1 |
|
— |
% |
|
|
2 |
|
— |
% |
|
|
1 |
|
— |
% |
| Adjusted Gross Profit |
|
$ |
416 |
|
74 |
% |
|
$ |
274 |
|
77 |
% |
|
$ |
1,393 |
|
75 |
% |
|
$ |
1,075 |
|
78 |
% |
