CAVIUM, INC. |
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Unaudited Reconciliation of Non-GAAP Adjustments |
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(in thousands, except per share data and percentages) |
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Three Months Ended |
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December 31,
|
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September 30,
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Reconciliation of GAAP income (loss) from operations to non-GAAP income from operations: |
|
|
|
|
|
|
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GAAP income (loss) from operations |
$ |
(12,133) |
|
|
$ |
488 |
|
Stock-based compensation and related payroll taxes |
|
26,443 |
|
|
|
27,351 |
|
Inventory charges |
|
543 |
|
|
|
(18) |
|
Amortization of acquisition related assets |
|
29,873 |
|
|
|
29,950 |
|
Acquisition and integration related costs |
|
18,176 |
|
|
|
4,740 |
|
Non-GAAP income from operations |
$ |
62,902 |
|
|
$ |
62,511 |
|
Non-GAAP income from operations as a percentage of revenue |
|
24.2 |
% |
|
|
24.8 |
% |
|
|
|
|
|
|
|
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Reconciliation of GAAP net loss to non-GAAP net income: |
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|
|
|
|
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GAAP net loss |
$ |
(1,050) |
|
|
$ |
(6,214) |
|
Non-GAAP adjustments: |
|
|
|
|
|
|
|
Stock-based compensation and related payroll taxes |
|
26,443 |
|
|
|
27,351 |
|
Inventory charges |
|
543 |
|
|
|
(18) |
|
Amortization of acquisition related assets |
|
29,873 |
|
|
|
29,950 |
|
Acquisition and integration related costs |
|
18,176 |
|
|
|
4,740 |
|
Tax reform impact and acquisition related tax adjustment |
|
(13,232) |
|
|
|
- |
|
Total of non-GAAP adjustments |
|
61,803 |
|
|
|
62,023 |
|
Non-GAAP net income |
$ |
60,753 |
|
|
$ |
55,809 |
|
|
|
|
|
|
|
|
|
GAAP net loss per share, diluted |
$ |
(0.02) |
|
|
$ |
(0.09) |
|
Non-GAAP adjustments detailed above |
|
0.85 |
|
|
|
0.85 |
|
Non-GAAP net income per share, diluted |
$ |
0.83 |
|
|
$ |
0.76 |
|
|
|
|
|
|
|
|
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GAAP weighted average shares, diluted |
|
69,044 |
|
|
|
68,675 |
|
Non-GAAP share adjustment |
|
4,190 |
|
|
|
4,488 |
|
Non-GAAP weighted average shares, diluted |
|
73,234 |
|
|
|
73,163 |
|