RECONCILIATION OF GAAP NET INCOME AND GAAP DILUTED NET INCOME PER COMMON SHARE TO NON-GAAP NET INCOME AND NON-GAAP DILUTED NET INCOME PER COMMON SHARE
Three Months Ended December 31, | Nine Months Ended December 31, | ||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||
Net income, as reported | $ | 580.3 | $ | 352.8 | $ | 1,633.7 | $ | 847.6 | |||||||
Share-based compensation expense | 44.0 | 50.9 | 126.5 | 163.2 | |||||||||||
Acquisition-related | 0.3 | 1.2 | 2.0 | 3.9 | |||||||||||
Professional services associated with certain legal matters | — | 1.8 | 3.2 | 5.6 | |||||||||||
IT security remediation | — | 0.2 | — | 0.2 | |||||||||||
Amortization of acquired intangible assets | 167.4 | 215.7 | 502.5 | 647.0 | |||||||||||
Special charges (income) and other, net | 6.5 | (0.3 | ) | (6.1 | ) | 20.4 | |||||||||
Loss on settlement of debt | — | 16.1 | 8.3 | 101.6 | |||||||||||
Non-cash other expense, net | — | 9.2 | 0.1 | 30.2 | |||||||||||
Gains on equity investments | — | (5.5 | ) | — | (5.5 | ) | |||||||||
Other non-GAAP tax adjustment | 65.2 | 39.6 | 175.1 | 32.0 | |||||||||||
Non-GAAP net income | $ | 863.7 | $ | 681.7 | $ | 2,445.3 | $ | 1,846.2 | |||||||
GAAP net income as a percentage of net sales | 26.8 | % | 20.1 | % | 26.3 | % | 17.0 | % | |||||||
Non-GAAP net income as a percentage of net sales | 39.8 | % | 38.8 | % | 39.4 | % | 37.1 | % | |||||||
Diluted net income per common share, as reported | $ | 1.04 | $ | 0.62 | $ | 2.93 | $ | 1.50 | |||||||
Non-GAAP diluted net income per common share | $ | 1.56 | $ | 1.20 | $ | 4.38 | $ | 3.26 | |||||||
Diluted common shares outstanding, as reported | 555.4 | 567.3 | 558.4 | 566.1 | |||||||||||
Diluted common shares outstanding non-GAAP | 555.4 | 567.3 | 558.4 | 566.1 |