The table below includes highlighted items, share-based compensation expense and intangible amortization for the first quarter of 2015.
(per diluted common share) |
Q1 2015 |
|
GAAP Earnings from Continuing Operations | $0.40 | |
Highlighted Items: | ||
Share-based compensation expense and intangible amortization | 0.06 | |
Reorganization of business charges | 0.05 | |
Gain on Sale of equity investment | (0.13) | |
Total Highlighted Items | (0.02) | |
Non-GAAP Diluted EPS from Continuing Operations | $0.38 | |
USE OF NON-GAAP FINANCIAL INFORMATION
In addition to the GAAP results included in this presentation, Motorola
Solutions also has included non-GAAP measurements of results. The
company has provided these non-GAAP measurements to help investors
better understand its core operating performance, enhance comparisons of
core operating performance from period to period and allow better
comparisons of operating performance to its competitors. Among other
things, management uses these operating results, excluding the
identified items, to evaluate performance of the businesses and to
evaluate results relative to certain incentive compensation targets.
Management uses operating results excluding these items because it
believes this measurement enables it to make better period-to-period
evaluations of the financial performance of core business operations.
The non-GAAP measurements are intended only as a supplement to the
comparable GAAP measurements and the company compensates for the
limitations inherent in the use of non-GAAP measurements by using GAAP
measures in conjunction with the non-GAAP measurements. As a result,
investors should consider these non-GAAP measurements in addition to,
and not in substitution for or as superior to, measurements of financial
performance prepared in accordance with generally accepted accounting
principles.