The second quarter and fiscal 2019 non-GAAP operating margin and
non-GAAP EPS guidance exclude the estimated items outlined in the table
below, as well as any tax effects and discrete tax items (which are not
known nor reflected). Adjusted free cash flow excludes $25 million of
restructuring payments related to our Q1’19 workforce realignment and
headquarters relocation. From a cash perspective, the free rent and
estimated sublease income on Seaport headquarters total approximately
$30 million, as compared to the estimated net cash flows of $29 million
on the Needham headquarters.
|
In millions
|
|
Q2’19
|
|
FY’19
|
|
|
|
|
|
|
|
Effect of acquisition accounting on fair value of acquired
deferred revenue
|
|
$0
|
|
($1)
|
|
Acquisition related charges
|
|
$0
|
|
$1
|
|
Restructuring and headquarters relocation charges (1)
|
|
24
|
|
42
|
|
Intangible asset amortization expense
|
|
13
|
|
51
|
|
Stock-based compensation expense
|
|
32
|
|
121
|
|
Total Estimated Pre-Tax GAAP adjustments
|
|
$ 69
|
|
$ 214
|
|
|
|
|
|
|
