Mobileye Global Inc.
Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income (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 |
||||||||||||
Net Income (Loss) |
$ |
63 |
|
10 |
% |
|
$ |
30 |
|
5 |
% |
|
$ |
(27 |
) |
(1 |
%) |
|
$ |
(82 |
) |
(4 |
%) |
Add: Amortization of acquired intangible assets |
|
112 |
|
18 |
% |
|
|
131 |
|
23 |
% |
|
|
474 |
|
23 |
% |
|
|
544 |
|
29 |
% |
Add: Share-based compensation expense |
|
62 |
|
10 |
% |
|
|
62 |
|
11 |
% |
|
|
252 |
|
12 |
% |
|
|
174 |
|
9 |
% |
| Add: Expenses related to the Mobileye IPO |
|
— |
|
— |
% |
|
|
— |
|
— |
% |
|
|
— |
|
— |
% |
|
|
4 |
|
— |
% |
| Less: Income tax effects |
|
(9 |
) |
(1 |
%) |
|
|
(8 |
) |
(1 |
%) |
|
|
(40 |
) |
(2 |
%) |
|
|
(35 |
) |
(2 |
%) |
| Adjusted Net Income |
$ |
228 |
|
36 |
% |
|
$ |
215 |
|
38 |
% |
|
$ |
659 |
|
32 |
% |
|
$ |
605 |
|
32 |
% |
