Mobileye Global Inc.
Reconciliation of GAAP Net Income (loss) to Non-GAAP Adjusted Net Income (unaudited)
|
Three Months Ended |
|
Six Months Ended |
||||||||||||
U.S. dollars in millions |
July 1, 2023 |
|
July 2, 2022 |
|
July 1, 2023 |
|
July 2, 2022 |
||||||||
|
Amount |
% of
|
|
Amount |
% of
|
|
Amount |
% of
|
|
Amount |
% of
|
||||
Net Income (Loss) |
$ |
(28) |
(6%) |
|
$ |
(7) |
(2%) |
|
$ |
(107) |
(12%) |
|
$ |
(67) |
(8%) |
Add: Amortization of acquired intangible assets |
|
118 |
26% |
|
|
133 |
29% |
|
|
251 |
28% |
|
|
282 |
33% |
Add: Share-based compensation expense |
|
55 |
12% |
|
|
36 |
8% |
|
|
127 |
14% |
|
|
76 |
9% |
Add: Expenses related to the Mobileye IPO |
|
— |
—% |
|
|
3 |
1% |
|
|
— |
—% |
|
|
3 |
—% |
Less: Income tax effects |
|
(10) |
(2%) |
|
|
(9) |
(2%) |
|
|
(21) |
(2%) |
|
|
(18) |
(2%) |
| Adjusted Net Income |
$ |
135 |
30% |
|
$ |
156 |
34% |
|
$ |
250 |
27% |
|
$ |
276 |
32% |
