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 30, 2023 |
|
December 31, 2022 |
|
December 30, 2023 |
|
December 31, 2022 |
||||||||||||||||
|
Amount |
% of Revenue |
|
Amount |
% of Revenue |
|
Amount |
% of Revenue |
|
Amount |
% of Revenue |
||||||||||||
Gross Profit |
$ |
344 |
54 |
% |
|
$ |
300 |
53 |
% |
|
$ |
1,047 |
50 |
% |
|
$ |
922 |
49 |
% |
||||
Add: Amortization of acquired intangible assets |
|
95 |
|
15 |
% |
|
|
114 |
|
20 |
% |
|
|
406 |
|
20 |
% |
|
|
469 |
|
25 |
% |
Add: Share-based compensation expense |
|
— |
|
— |
% |
|
|
2 |
|
— |
% |
|
|
2 |
|
— |
% |
|
|
2 |
|
— |
% |
| Adjusted Gross Profit |
$ |
439 |
|
69 |
% |
|
$ |
416 |
|
74 |
% |
|
$ |
1,455 |
|
70 |
% |
|
$ |
1,393 |
|
75 |
% |
