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FORMFACTOR, INC.
RECONCILIATION OF GAAP GROSS MARGIN TO NON-GAAP GROSS MARGIN (Dollars in thousands) (Unaudited) | |||||||||||||
| Three Months Ended | |||||||||||||
| September 29, 2018 | September 30, 2017 | ||||||||||||
| Gross Profit | Gross Margin | Gross Profit | Gross Margin | ||||||||||
| GAAP Gross Profit/Margin | $ | 52,970 | 39.2 | % | $ | 57,630 | 40.1 | % | |||||
| Adjustments: | |||||||||||||
| Amortization of intangibles | 5,123 | 3.9 | % | 5,478 | 3.8 | % | |||||||
| Stock-based compensation | 832 | 0.6 | % | 894 | 0.6 | % | |||||||
| Acquisition and integration related expenses | — | — | % | 6 | — | % | |||||||
| Non-GAAP Gross Profit/Margin | $ | 58,925 | 43.7 | % | $ | 64,008 | 44.5 | % | |||||
| Nine Months Ended | |||||||||||||
| September 29, 2018 | September 30, 2017 | ||||||||||||
| Gross Profit | Gross Margin | Gross Profit | Gross Margin | ||||||||||
| GAAP Gross Profit/Margin | $ | 154,317 | 39.7 | % | $ | 166,968 | 40.1 | % | |||||
| Adjustments: | |||||||||||||
| Amortization of intangibles | 15,418 | 4.0 | % | 17,896 | 4.3 | % | |||||||
| Stock-based compensation | 2,565 | 0.6 | % | 2,540 | 0.6 | % | |||||||
| Acquisition and integration related expenses | — | — | % | 6 | — | % | |||||||
| Non-GAAP Gross Profit/Margin | $ | 172,300 | 44.3 | % | $ | 187,380 | 45.0 | % | |||||
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FORMFACTOR, INC.
RECONCILIATION OF CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW (In thousands) (Unaudited) | |||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||
| September 29, 2018 | September 30, 2017 | September 29, 2018 | September 30, 2017 | ||||||||||||
| Net cash provided by operating activities | $ | 16,080 | $ | 17,587 | $ | 46,138 | $ | 59,866 | |||||||
| Adjustments: | |||||||||||||||
| Cash paid for interest | 682 | 964 | 2,299 | 2,974 | |||||||||||
| Capital expenditures | (3,781 | ) | (6,159 | ) | (12,326 | ) | (13,918 | ) | |||||||
| Free cash flow | $ | 12,981 | $ | 12,392 | $ | 36,111 | $ | 48,922 | |||||||
