Attached files
| file | filename |
|---|---|
| 8-K - 8-K - TE Connectivity Ltd. | a12-28887_18k.htm |
| EX-99.2 - EX-99.2 - TE Connectivity Ltd. | a12-28887_1ex99d2.htm |
| EX-99.1 - EX-99.1 - TE Connectivity Ltd. | a12-28887_1ex99d1.htm |
Exhibit 99.3
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended September 28, 2012
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
| ||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
| ||||
|
|
|
|
|
Related |
|
and Other |
|
Adjusted |
| ||||
|
|
|
U.S. GAAP |
|
Charges (1) |
|
Charges, Net |
|
(Non-GAAP) (2) |
| ||||
|
|
|
(in millions) |
| ||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
|
Transportation Solutions |
|
$ |
196 |
|
$ |
5 |
|
$ |
5 |
|
$ |
206 |
|
|
Network Solutions |
|
71 |
|
— |
|
11 |
|
82 |
| ||||
|
Industrial Solutions |
|
97 |
|
9 |
|
14 |
|
120 |
| ||||
|
Consumer Solutions |
|
37 |
|
— |
|
9 |
|
46 |
| ||||
|
Total |
|
$ |
401 |
|
$ |
14 |
|
$ |
39 |
|
$ |
454 |
|
(1) Includes $7 million of non-cash amortization associated with acquisition-related adjustments recorded in cost of sales, $4 million of acquisition and integration costs, and $3 million of restructuring charges.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended June 29, 2012
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
| ||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
| ||||
|
|
|
|
|
Related |
|
and Other |
|
Adjusted |
| ||||
|
|
|
U.S. GAAP |
|
Charges (1) |
|
Charges, Net |
|
(Non-GAAP) (2) |
| ||||
|
|
|
(in millions) |
| ||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
|
Transportation Solutions |
|
$ |
178 |
|
$ |
57 |
|
$ |
3 |
|
$ |
238 |
|
|
Network Solutions |
|
64 |
|
— |
|
18 |
|
82 |
| ||||
|
Industrial Solutions |
|
87 |
|
37 |
|
— |
|
124 |
| ||||
|
Consumer Solutions |
|
42 |
|
— |
|
4 |
|
46 |
| ||||
|
Total |
|
$ |
371 |
|
$ |
94 |
|
$ |
25 |
|
$ |
490 |
|
(1) Includes $68 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, $15 million of acquisition and integration costs, and $11 million of restructuring charges.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended March 30, 2012
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
| ||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
| ||||
|
|
|
|
|
Related |
|
and Other |
|
Adjusted |
| ||||
|
|
|
U.S. GAAP |
|
Charges |
|
Charges, Net |
|
(Non-GAAP) (1) |
| ||||
|
|
|
(in millions) |
| ||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
|
Transportation Solutions |
|
$ |
196 |
|
$ |
3 |
|
$ |
— |
|
$ |
199 |
|
|
Network Solutions |
|
53 |
|
— |
|
24 |
|
77 |
| ||||
|
Industrial Solutions |
|
104 |
|
1 |
|
1 |
|
106 |
| ||||
|
Consumer Solutions |
|
32 |
|
— |
|
7 |
|
39 |
| ||||
|
Total |
|
$ |
385 |
|
$ |
4 |
|
$ |
32 |
|
$ |
421 |
|
(1) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended December 30, 2011
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
| ||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
| ||||
|
|
|
|
|
Related |
|
and Other |
|
Adjusted |
| ||||
|
|
|
U.S. GAAP |
|
Charges |
|
Charges, Net |
|
(Non-GAAP) (1) |
| ||||
|
|
|
(in millions) |
| ||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
|
Transportation Solutions |
|
$ |
184 |
|
$ |
2 |
|
$ |
1 |
|
$ |
187 |
|
|
Network Solutions |
|
59 |
|
— |
|
6 |
|
65 |
| ||||
|
Industrial Solutions |
|
90 |
|
2 |
|
8 |
|
100 |
| ||||
|
Consumer Solutions |
|
28 |
|
— |
|
3 |
|
31 |
| ||||
|
Total |
|
$ |
361 |
|
$ |
4 |
|
$ |
18 |
|
$ |
383 |
|
(1) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended September 30, 2011
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
| ||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
| ||||
|
|
|
|
|
Related |
|
and Other |
|
Adjusted |
| ||||
|
|
|
U.S. GAAP |
|
Charges (1) |
|
Charges, Net |
|
(Non-GAAP) (2) |
| ||||
|
|
|
(in millions) |
| ||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
|
Transportation Solutions |
|
$ |
209 |
|
$ |
— |
|
$ |
(2 |
) |
$ |
207 |
|
|
Network Solutions |
|
102 |
|
23 |
|
5 |
|
130 |
| ||||
|
Industrial Solutions |
|
113 |
|
— |
|
22 |
|
135 |
| ||||
|
Consumer Solutions |
|
21 |
|
— |
|
31 |
|
52 |
| ||||
|
Total |
|
$ |
445 |
|
$ |
23 |
|
$ |
56 |
|
$ |
524 |
|
(1) Includes $22 million of restructuring charges and $1 million of non-cash amortization associated with acquisition-related adjustments recorded in cost of sales.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended June 24, 2011
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
| ||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
| ||||
|
|
|
|
|
Related |
|
and Other |
|
Adjusted |
| ||||
|
|
|
U.S. GAAP |
|
Charges (1) |
|
Charges, Net |
|
(Non-GAAP) (2) |
| ||||
|
|
|
(in millions) |
| ||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
|
Transportation Solutions |
|
$ |
182 |
|
$ |
— |
|
$ |
(12 |
) |
$ |
170 |
|
|
Network Solutions |
|
117 |
|
10 |
|
4 |
|
131 |
| ||||
|
Industrial Solutions |
|
125 |
|
— |
|
6 |
|
131 |
| ||||
|
Consumer Solutions |
|
36 |
|
— |
|
3 |
|
39 |
| ||||
|
Total |
|
$ |
460 |
|
$ |
10 |
|
$ |
1 |
|
$ |
471 |
|
(1) Includes $7 million of restructuring charges, $2 million of non-cash amortization associated with acquisition-related adjustments recorded in cost of sales, and $1 million of acquisition and integration costs.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended March 25, 2011
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
| ||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
| ||||
|
|
|
|
|
Related |
|
and Other |
|
Adjusted |
| ||||
|
|
|
U.S. GAAP |
|
Charges (1) |
|
Charges, Net |
|
(Non-GAAP) (2) |
| ||||
|
|
|
(in millions) |
| ||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
|
Transportation Solutions |
|
$ |
175 |
|
$ |
— |
|
$ |
— |
|
$ |
175 |
|
|
Network Solutions |
|
45 |
|
46 |
|
1 |
|
92 |
| ||||
|
Industrial Solutions |
|
128 |
|
— |
|
(6 |
) |
122 |
| ||||
|
Consumer Solutions |
|
44 |
|
— |
|
— |
|
44 |
| ||||
|
Total |
|
$ |
392 |
|
$ |
46 |
|
$ |
(5 |
) |
$ |
433 |
|
(1) Includes $29 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, $16 million of restructuring charges, and $1 million of acquisition and integration costs.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended December 24, 2010
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
| ||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
| ||||
|
|
|
|
|
Related |
|
and Other |
|
Adjusted |
| ||||
|
|
|
U.S. GAAP |
|
Charges (1) |
|
Charges, Net |
|
(Non-GAAP) (2) |
| ||||
|
|
|
(in millions) |
| ||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
|
Transportation Solutions |
|
$ |
163 |
|
$ |
— |
|
$ |
1 |
|
$ |
164 |
|
|
Network Solutions |
|
36 |
|
59 |
|
— |
|
95 |
| ||||
|
Industrial Solutions |
|
111 |
|
— |
|
2 |
|
113 |
| ||||
|
Consumer Solutions |
|
80 |
|
— |
|
1 |
|
81 |
| ||||
|
Total |
|
$ |
390 |
|
$ |
59 |
|
$ |
4 |
|
$ |
453 |
|
(1) Includes $35 million of restructuring charges, $17 million of acquisition and integration costs, and $7 million of non-cash amortization associated with fair value adjustments to acquired inventories and customer order backlog recorded in cost of sales.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 28, 2012
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
| ||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
| ||||
|
|
|
|
|
Related |
|
and Other |
|
Adjusted |
| ||||
|
|
|
U.S. GAAP |
|
Charges (1) |
|
Charges, Net |
|
(Non-GAAP) (2) |
| ||||
|
|
|
(in millions) |
| ||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
|
Transportation Solutions |
|
$ |
754 |
|
$ |
67 |
|
$ |
9 |
|
$ |
830 |
|
|
Network Solutions |
|
247 |
|
— |
|
59 |
|
306 |
| ||||
|
Industrial Solutions |
|
378 |
|
49 |
|
23 |
|
450 |
| ||||
|
Consumer Solutions |
|
139 |
|
— |
|
23 |
|
162 |
| ||||
|
Total |
|
$ |
1,518 |
|
$ |
116 |
|
$ |
114 |
|
$ |
1,748 |
|
(1) Includes $75 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, $27 million of acquisition and integration costs, and $14 million of restructuring charges.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 30, 2011
(UNAUDITED)
|
|
|
|
|
Adjustments |
|
|
| ||||||
|
|
|
|
|
Acquisition |
|
Restructuring |
|
|
| ||||
|
|
|
|
|
Related |
|
and Other |
|
Adjusted |
| ||||
|
|
|
U.S. GAAP |
|
Charges (1) |
|
Charges, Net |
|
(Non-GAAP) (2) |
| ||||
|
|
|
(in millions) |
| ||||||||||
|
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
|
Transportation Solutions |
|
$ |
729 |
|
$ |
— |
|
$ |
(13 |
) |
$ |
716 |
|
|
Network Solutions |
|
300 |
|
138 |
|
10 |
|
448 |
| ||||
|
Industrial Solutions |
|
477 |
|
— |
|
24 |
|
501 |
| ||||
|
Consumer Solutions |
|
181 |
|
— |
|
35 |
|
216 |
| ||||
|
Total |
|
$ |
1,687 |
|
$ |
138 |
|
$ |
56 |
|
$ |
1,881 |
|
(1) Includes $80 million of restructuring charges, $39 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, and $19 million of acquisition and integration costs.
(2) See description of non-GAAP measures contained in this Form 8-K.