II-VI Incorporated Reports Q4 and Full-Year Fiscal 2022 Results


Table 4           
Reconciliation of GAAP Measures to non-GAAP Measures           
$ Millions           
(Unaudited)  Three Months Ended   Year Ended
   Jun 30,  Mar 31,  Jun 30,   Jun 30,  Jun 30,
    2022    2022    2021     2022    2021 
Gross profit on GAAP basis $326.0  $321.7  $297.8   $1,265.5  $1,177.5 
Share-based compensation  0.9   1.3   3.4    5.1   12.1  
Amortization of acquired intangibles (4)     9.6       9.4       9.8         38.3       38.8  
Start-up costs (3)           1.6               2.8        
Restructuring, transaction expenses and other (1)     6.9       1.7       0.7         9.8       6.7  
Gross profit on non-GAAP basis   $ 343.4     $ 335.7     $ 311.7       $ 1,321.5     $ 1,235.0  
                       
Internal research and development on GAAP basis   $ 95.9     $ 96.9     $ 83.8       $ 377.1     $ 330.1  
Share-based compensation     (1.3 )     (2.0 )     (4.8 )       (7.6 )     (17.0 )
Start-up costs (3)     (6.4 )     (13.0 )             (29.5 )      
Restructuring, transaction expenses and other (5)     (0.6 )                   (0.6 )      
Internal research and development on non-GAAP basis   $ 87.6     $ 81.9     $ 79.0       $ 339.4     $ 313.1  
                       
Selling, general and administrative on GAAP basis   $ 115.9     $ 118.0     $ 116.8       $ 474.1     $ 445.2  
Share-based compensation     (11.3 )     (14.9 )     (10.3 )       (60.4 )     (49.8 )
Amortization of acquired intangibles (4)     (10.3 )     (10.0 )     (10.8 )       (41.4 )     (43.4 )
Restructuring, transaction expenses and other (1)     (7.1 )     (11.5 )     (11.5 )       (40.5 )     (31.6 )
Selling, general and administrative on non-GAAP basis   $ 87.2     $ 81.6     $ 84.3       $ 331.8     $ 320.4  
                       
Operating income on GAAP basis   $ 114.2     $ 106.8     $ 97.1       $ 414.3     $ 402.1  
Share-based compensation     13.5       18.2       18.5         73.1       78.9  
Start-up costs (3)     6.4       14.6               32.3        
Amortization of acquired intangibles     19.9       19.4       20.6         79.7       82.2  
Restructuring, transaction expenses and other (1)     14.6       13.2       12.2         50.9       38.3  
Operating income on non-GAAP basis   $ 168.6     $ 172.0     $ 148.5       $ 650.2     $ 601.5  
                       

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15  Next Page »
Featured Video
Jobs
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Principal Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Equipment Engineer, Raxium for Google at Fremont, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Upcoming Events
Intergeo 2024 at Messe Stuttgart Messepiazza 1 Stuttgart Germany - Sep 24 - 26, 2024
GIS-Pro 2024 at Portland ME - Oct 7 - 10, 2024
Geo Sessions 2024 at United States - Oct 22 - 24, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise