Attached files
| file | filename |
|---|---|
| 8-K/A - 8-K/A - AGILENT TECHNOLOGIES, INC. | a8karevised2014gaaptonon-g.htm |
AGILENT TECHNOLOGIES, INC. | |||||||||||||||||||||||||||||||||||
RECONCILIATION FROM GAAP TO NON-GAAP | |||||||||||||||||||||||||||||||||||
THREE MONTHS ENDED JANUARY 31, 2014 | |||||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||||
NON-GAAP ADJUSTMENTS | |||||||||||||||||||||||||||||||||||
(in millions, except per share amounts) | GAAP (As Revised) | Restructuring & Other Related Costs | Intangible Amortization | Transformational Initiatives | Acquisition & Integrations Costs | Pre-Separation Costs | Unallocated Corporate Costs | Other | Adjustment for taxes | Non-GAAP | |||||||||||||||||||||||||
Net Revenue | Change Year Over Year | 5% | $ | 1,008 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,008 | 5% | Change Year Over Year | |||||||||||
Costs and expenses: | |||||||||||||||||||||||||||||||||||
Cost of products and services | Gross Margin | 50.6% | 498 | 1 | (31 | ) | (3 | ) | (1 | ) | — | — | (1 | ) | — | 463 | 54.1% | Gross Margin | |||||||||||||||||
Research and development | As a % of Revenue | 8.7% | 88 | — | — | — | (1 | ) | (1 | ) | — | — | — | 86 | 8.5% | As a % of Revenue | |||||||||||||||||||
Selling, general and administrative | As a % of Revenue | 29.6% | 298 | 1 | (18 | ) | — | (4 | ) | (1 | ) | (10 | ) | — | — | 266 | 26.4% | As a % of Revenue | |||||||||||||||||
Total costs and expenses | 884 | 2 | (49 | ) | (3 | ) | (6 | ) | (2 | ) | (10 | ) | (1 | ) | — | 815 | |||||||||||||||||||
Income from operations | Operating Margin | 12.3% | 124 | (2 | ) | 49 | 3 | 6 | 2 | 10 | 1 | — | 193 | 19.2% | Operating Margin | ||||||||||||||||||||
Other income(expense), net | (27 | ) | — | — | — | — | — | — | — | — | (27 | ) | |||||||||||||||||||||||
Income (loss) from continuing operations before taxes | 97 | (2 | ) | 49 | 3 | 6 | 2 | 10 | 1 | — | 166 | ||||||||||||||||||||||||
Provision (benefit) for income taxes | Tax Rate | (27 | )% | (26 | ) | — | — | — | — | — | — | — | 52 | 26 | 16% | Tax Rate | |||||||||||||||||||
Income (loss) from continuing operations | Net Margin | 12.2 | % | $ | 123 | $ | (2 | ) | $ | 49 | $ | 3 | $ | 6 | $ | 2 | $ | 10 | $ | 1 | $ | (52 | ) | $ | 140 | 13.9% | Net Margin | ||||||||
Income (loss) from continuing operations per share - Basic and Diluted: | |||||||||||||||||||||||||||||||||||
Basic | $ | 0.37 | $ | (0.01 | ) | $ | 0.14 | $ | 0.01 | $ | 0.02 | $ | 0.01 | $ | 0.03 | $ | — | $ | (0.15 | ) | $ | 0.42 | |||||||||||||
Diluted | $ | 0.36 | $ | (0.01 | ) | $ | 0.14 | $ | 0.01 | $ | 0.02 | $ | 0.01 | $ | 0.03 | $ | — | $ | (0.15 | ) | $ | 0.41 | |||||||||||||
Weighted average shares used in computing net income (loss) per share: | |||||||||||||||||||||||||||||||||||
Basic | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | |||||||||||||||||||||||||
Diluted | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | |||||||||||||||||||||||||
The reconciliation from GAAP to Non-GAAP income from continuing operations is based on our current information. | |||||||||||||||||||||||||||||||||||
AGILENT TECHNOLOGIES, INC. | |||||||||||||||||||||||||||||||||
RECONCILIATION FROM GAAP TO NON-GAAP | |||||||||||||||||||||||||||||||||
THREE MONTHS ENDED APRIL 30, 2014 | |||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||
NON-GAAP ADJUSTMENTS | |||||||||||||||||||||||||||||||||
(in millions, except per share amounts) | GAAP (As Revised) | Intangible Amortization | Transformational Initiatives | Acquisition & Integration Costs | Pre-Separation Costs | Unallocated Corporate Costs | Other | Adjustment for Taxes | Non-GAAP | ||||||||||||||||||||||||
Net Revenue | Change Year Over Year | 2 | % | $ | 988 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 988 | 2 | % | Change Year Over Year | |||||||||
Costs and expenses: | |||||||||||||||||||||||||||||||||
Cost of products and services | Gross Margin | 49.1 | % | 503 | (32 | ) | (5 | ) | — | (1 | ) | 1 | — | — | 466 | 52.9 | % | Gross Margin | |||||||||||||||
Research and development | As a % of Revenue | 8.8 | % | 87 | — | (1 | ) | — | — | (1 | ) | — | — | 85 | 8.6 | % | As a % of Revenue | ||||||||||||||||
Selling, general and administrative | As a % of Revenue | 30.8 | % | 304 | (17 | ) | (2 | ) | (2 | ) | (1 | ) | (10 | ) | (2 | ) | — | 270 | 27.3 | % | As a % of Revenue | ||||||||||||
Total costs and expenses | 894 | (49 | ) | (8 | ) | (2 | ) | (2 | ) | (10 | ) | (2 | ) | — | 821 | ||||||||||||||||||
Income from operations | Operating Margin | 9.5 | % | 94 | 49 | 8 | 2 | 2 | 10 | 2 | — | 167 | 16.9 | % | Operating Margin | ||||||||||||||||||
Other income(expense), net | (25 | ) | — | — | — | — | — | — | — | (25 | ) | ||||||||||||||||||||||
Income from continuing operations before taxes | 69 | 49 | 8 | 2 | 2 | 10 | 2 | — | 142 | ||||||||||||||||||||||||
Provision for income taxes | Tax Rate | 23 | % | 16 | — | — | — | — | — | — | 7 | 23 | 16 | % | Tax Rate | ||||||||||||||||||
Income (loss) from continuing operations | Net Margin | 5.4 | % | $ | 53 | $ | 49 | $ | 8 | $ | 2 | $ | 2 | $ | 10 | $ | 2 | $ | (7 | ) | $ | 119 | 12.0 | % | Net Margin | ||||||||
Income (loss) from continuing operations per share - Basic and Diluted: | |||||||||||||||||||||||||||||||||
Basic | $ | 0.16 | $ | 0.14 | $ | 0.02 | $ | 0.01 | $ | 0.01 | $ | 0.03 | $ | 0.01 | $ | (0.02 | ) | $ | 0.36 | ||||||||||||||
Diluted | $ | 0.16 | $ | 0.14 | $ | 0.02 | $ | 0.01 | $ | 0.01 | $ | 0.03 | $ | 0.01 | $ | (0.03 | ) | $ | 0.35 | ||||||||||||||
Weighted average shares used in computing net income (loss) per share: | |||||||||||||||||||||||||||||||||
Basic | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | ||||||||||||||||||||||||
Diluted | 337 | 337 | 337 | 337 | 337 | 337 | 337 | 337 | 337 | ||||||||||||||||||||||||
The reconciliation from GAAP to Non-GAAP income from continuing operations is based on our current information. | |||||||||||||||||||||||||||||||||
AGILENT TECHNOLOGIES, INC. | ||||||||||||||||||||||||||||||||||||
RECONCILIATION FROM GAAP TO NON-GAAP | ||||||||||||||||||||||||||||||||||||
THREE MONTHS ENDED JULY 31, 2014 | ||||||||||||||||||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||||||||||||||||||
NON-GAAP ADJUSTMENTS | ||||||||||||||||||||||||||||||||||||
(in millions, except per share amounts) | GAAP (As Revised) | Intangible Amortization | Transformational Initiatives | Acquisition & Integration Costs | Pre-Separation Costs | Net Loss on Extinguishment of Debt | Unallocated Corporate Costs | Other | Adjustment for Taxes | Non-GAAP | ||||||||||||||||||||||||||
Net Revenue | Change Year Over Year | 6 | % | $ | 1,009 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,009 | 6 | % | Change Year Over Year | ||||||||||
Costs and expenses: | ||||||||||||||||||||||||||||||||||||
Cost of products and services | Gross Margin | 49.8 | % | 507 | (29 | ) | (5 | ) | (1 | ) | (1 | ) | — | — | — | — | 471 | 53.3 | % | Gross Margin | ||||||||||||||||
Research and development | As a % of Revenue | 8.5 | % | 86 | — | — | (1 | ) | 2 | — | — | — | — | 87 | 8.6 | % | As a % of Revenue | |||||||||||||||||||
Selling, general and administrative | As a % of Revenue | 28.2 | % | 285 | (17 | ) | (2 | ) | — | (5 | ) | — | (10 | ) | 10 | — | 261 | 25.9 | % | As a % of Revenue | ||||||||||||||||
Total costs and expenses | 878 | (46 | ) | (7 | ) | (2 | ) | (4 | ) | — | (10 | ) | 10 | — | 819 | |||||||||||||||||||||
Income from operations | Operating Margin | 13 | % | 131 | 46 | 7 | 2 | 4 | — | 10 | (10 | ) | — | 190 | 18.8 | % | Operating Margin | |||||||||||||||||||
Other income(expense), net | (46 | ) | — | — | — | — | 21 | 2 | (3 | ) | — | (26 | ) | |||||||||||||||||||||||
Income (loss) from continuing operations before taxes | 85 | 46 | 7 | 2 | 4 | 21 | 12 | (13 | ) | — | 164 | |||||||||||||||||||||||||
Provision (benefit) for income taxes | Tax Rate | 36 | % | 31 | — | — | — | — | — | — | — | (4 | ) | 27 | 16 | % | Tax Rate | |||||||||||||||||||
Income (loss) from continuing operations | Net Margin | 5.4 | % | $ | 54 | $ | 46 | $ | 7 | $ | 2 | $ | 4 | $ | 21 | $ | 12 | $ | (13 | ) | $ | 4 | $ | 137 | 13.6 | % | Net Margin | |||||||||
Income (loss) from continuing operations per share - Basic and Diluted: | ||||||||||||||||||||||||||||||||||||
Basic | $ | 0.16 | $ | 0.14 | $ | 0.02 | $ | 0.01 | $ | 0.01 | $ | 0.06 | $ | 0.04 | $ | (0.04 | ) | $ | 0.01 | $ | 0.41 | |||||||||||||||
Diluted | $ | 0.16 | $ | 0.14 | $ | 0.02 | $ | 0.01 | $ | 0.01 | $ | 0.06 | $ | 0.04 | $ | (0.04 | ) | $ | 0.01 | $ | 0.41 | |||||||||||||||
Weighted average shares used in computing net income (loss) per share: | ||||||||||||||||||||||||||||||||||||
Basic | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | ||||||||||||||||||||||||||
Diluted | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | ||||||||||||||||||||||||||
The reconciliation from GAAP to Non-GAAP income from continuing operations is based on our current information. | ||||||||||||||||||||||||||||||||||||
AGILENT TECHNOLOGIES, INC. | |||||||||||||||||||||||||||||||||||||||||||||
RECONCILIATION FROM GAAP TO NON-GAAP | |||||||||||||||||||||||||||||||||||||||||||||
THREE MONTHS ENDED OCTOBER 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||||||||||||||
NON-GAAP ADJUSTMENTS | |||||||||||||||||||||||||||||||||||||||||||||
(in millions, except per share amounts) | GAAP (As Revised) | Asset Impairments & Write-downs | Acceleration of Share-based Compensation Related to Workforce Reduction | Intangible Amortization | Transformational Initiatives | Acquisition & Integration Costs | Pre-Separation Costs | Net Loss on Extinguishment of Debt | Nuclear Magnetic Resonance Business Exit | Unallocated Corporate Costs | Other | Adjustment for Taxes | Non-GAAP | ||||||||||||||||||||||||||||||||
Net Revenue | Change Year Over Year | 3 | % | $ | 1,043 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,043 | 3 | % | Change Year Over Year | |||||||||||||
Costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||
Cost of products and services | Gross Margin | 45.9 | % | 564 | — | — | (29 | ) | (6 | ) | (1 | ) | 1 | — | (47 | ) | (1 | ) | 1 | — | 482 | 53.8 | % | Gross Margin | |||||||||||||||||||||
Research and development | As a % of Revenue | 9.3 | % | 97 | (4 | ) | — | — | (2 | ) | (1 | ) | 1 | — | (5 | ) | 2 | (1 | ) | — | 87 | 8.3 | % | As a % of Revenue | |||||||||||||||||||||
Selling, general and administrative | As a % of Revenue | 29.9 | % | 312 | — | (1 | ) | (16 | ) | (3 | ) | 1 | (8 | ) | — | (16 | ) | (11 | ) | 3 | — | 261 | 25.0 | % | As a % of Revenue | ||||||||||||||||||||
Total costs and expenses | 973 | (4 | ) | (1 | ) | (45 | ) | (11 | ) | (1 | ) | (6 | ) | — | (68 | ) | (10 | ) | 3 | — | 830 | ||||||||||||||||||||||||
Income from operations | Operating Margin | 6.7 | % | 70 | 4 | 1 | 45 | 11 | 1 | 6 | — | 68 | 10 | (3 | ) | — | 213 | 20.4 | % | Operating Margin | |||||||||||||||||||||||||
Other income(expense), net | (92 | ) | — | — | — | — | — | 1 | 68 | — | 2 | — | — | (21 | ) | ||||||||||||||||||||||||||||||
Income (loss) from continuing operations before taxes | (22 | ) | 4 | 1 | 45 | 11 | 1 | 7 | 68 | 68 | 12 | (3 | ) | — | 192 | ||||||||||||||||||||||||||||||
Provision (benefit) for income taxes | Tax Rate | 109 | % | (24 | ) | — | — | — | — | — | — | — | — | — | — | 55 | 31 | 16 | % | Tax Rate | |||||||||||||||||||||||||
Income (loss) from continuing operations | Net Margin | 0.2 | % | $ | 2 | $ | 4 | $ | 1 | $ | 45 | $ | 11 | $ | 1 | $ | 7 | $ | 68 | $ | 68 | $ | 12 | $ | (3 | ) | $ | (55 | ) | $ | 161 | 15.4 | % | Net Margin | |||||||||||
Income (loss) from continuing operations per share - Basic and Diluted: | |||||||||||||||||||||||||||||||||||||||||||||
Basic | $ | 0.01 | $ | 0.01 | $ | — | $ | 0.13 | $ | 0.03 | $ | — | $ | 0.02 | $ | 0.21 | $ | 0.21 | $ | 0.04 | $ | (0.01 | ) | $ | (0.17 | ) | $ | 0.48 | |||||||||||||||||
Diluted | $ | 0.01 | $ | 0.01 | $ | — | $ | 0.13 | $ | 0.03 | $ | — | $ | 0.02 | $ | 0.21 | $ | 0.21 | $ | 0.04 | $ | (0.01 | ) | $ | (0.17 | ) | $ | 0.48 | |||||||||||||||||
Weighted average shares used in computing net income (loss) per share: | |||||||||||||||||||||||||||||||||||||||||||||
Basic | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | 334 | ||||||||||||||||||||||||||||||||
Diluted | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | ||||||||||||||||||||||||||||||||
The reconciliation from GAAP to Non-GAAP income from continuing operations is based on our current information. . | |||||||||||||||||||||||||||||||||||||||||||||
AGILENT TECHNOLOGIES, INC. | ||||||||||||||||||||||||||||||||||||
RECONCILIATION FROM GAAP TO NON-GAAP | ||||||||||||||||||||||||||||||||||||
SIX MONTHS ENDED APRIL 30, 2014 | ||||||||||||||||||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||||||||||||||||||
NON-GAAP ADJUSTMENTS | ||||||||||||||||||||||||||||||||||||
(in millions, except per share amounts) | GAAP (As Revised) | Restructuring & Other Related Costs | Intangible Amortization | Transformational Initiatives | Acquisition & Integration Costs | Pre-Separation Costs | Unallocated Corporate Costs | Other | Adjustment for Taxes | Non-GAAP | ||||||||||||||||||||||||||
Net Revenue | Change Year Over Year | 3 | % | $ | 1,996 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,996 | 3 | % | Change Year Over Year | ||||||||||
Costs and expenses: | ||||||||||||||||||||||||||||||||||||
Cost of products and services | Gross Margin | 49.8 | % | 1,001 | 1 | (63 | ) | (8 | ) | (1 | ) | (1 | ) | 1 | (1 | ) | — | 929 | 53.5 | % | Gross Margin | |||||||||||||||
Research and development | As a % of Revenue | 8.8 | % | 175 | — | — | (1 | ) | (1 | ) | (1 | ) | (1 | ) | — | — | 171 | 8.6 | % | As a % of Revenue | ||||||||||||||||
Selling, general and administrative | As a % of Revenue | 30.2 | % | 602 | 1 | (35 | ) | (2 | ) | (6 | ) | (2 | ) | (20 | ) | (2 | ) | — | 536 | 26.9 | % | As a % of Revenue | ||||||||||||||
Total costs and expenses | 1,778 | 2 | (98 | ) | (11 | ) | (8 | ) | (4 | ) | (20 | ) | (3 | ) | — | 1,636 | ||||||||||||||||||||
Income from operations | Operating Margin | 10.9 | % | 218 | (2 | ) | 98 | 11 | 8 | 4 | 20 | 3 | — | 360 | 18.0 | % | Operating Margin | |||||||||||||||||||
Other income(expense), net | (52 | ) | — | — | — | — | — | — | — | — | (52 | ) | ||||||||||||||||||||||||
Income (loss) from continuing operations before taxes | 166 | (2 | ) | 98 | 11 | 8 | 4 | 20 | 3 | — | 308 | |||||||||||||||||||||||||
Provision (benefit) for income taxes | Tax Rate | (6 | )% | (10 | ) | — | — | — | — | — | — | — | 59 | 49 | 16 | % | Tax Rate | |||||||||||||||||||
Income (loss) from continuing operations | Net Margin | 8.8 | % | $ | 176 | $ | (2 | ) | $ | 98 | $ | 11 | $ | 8 | $ | 4 | $ | 20 | $ | 3 | $ | (59 | ) | $ | 259 | 13.0 | % | Net Margin | ||||||||
Income (loss) from continuing operations per share - Basic and Diluted: | ||||||||||||||||||||||||||||||||||||
Basic | $ | 0.53 | $ | (0.01 | ) | $ | 0.30 | $ | 0.03 | $ | 0.02 | $ | 0.01 | $ | 0.06 | $ | 0.01 | $ | (0.17 | ) | $ | 0.78 | ||||||||||||||
Diluted | $ | 0.52 | $ | (0.01 | ) | $ | 0.29 | $ | 0.03 | $ | 0.02 | $ | 0.01 | $ | 0.06 | $ | 0.01 | $ | (0.16 | ) | $ | 0.77 | ||||||||||||||
Weighted average shares used in computing net income (loss) per share: | ||||||||||||||||||||||||||||||||||||
Basic | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | ||||||||||||||||||||||||||
Diluted | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | ||||||||||||||||||||||||||
The reconciliation from GAAP to Non-GAAP income from continuing operations is based on our current information. | ||||||||||||||||||||||||||||||||||||
AGILENT TECHNOLOGIES, INC. | |||||||||||||||||||||||||||||||||||||||
RECONCILIATION FROM GAAP TO NON-GAAP | |||||||||||||||||||||||||||||||||||||||
NINE MONTHS ENDED JULY 31, 2014 | |||||||||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||||||||
NON-GAAP ADJUSTMENTS | |||||||||||||||||||||||||||||||||||||||
(in millions, except per share amounts) | GAAP (As Revised) | Restructuring & Other Related Costs | Intangible Amortization | Transformational Initiatives | Acquisition & Integration Costs | Pre-Separation Costs | Net Loss on Extinguishment of Debt | Unallocated Corporate Costs | Other | Adjustment for Taxes | Non-GAAP | ||||||||||||||||||||||||||||
Net Revenue | Change Year Over Year | 4 | % | $ | 3,005 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 3,005 | 4 | % | Change Year Over Year | |||||||||||
Costs and expenses: | |||||||||||||||||||||||||||||||||||||||
Cost of products and services | Gross Margin | 49.8 | % | 1,508 | 1 | (92 | ) | (13 | ) | (2 | ) | (2 | ) | — | 1 | (1 | ) | — | 1,400 | 53.4 | % | Gross Margin | |||||||||||||||||
Research and development | As a % of Revenue | 8.7 | % | 261 | — | — | (1 | ) | (2 | ) | 1 | — | (1 | ) | — | — | 258 | 8.6 | % | As a % of Revenue | |||||||||||||||||||
Selling, general and administrative | As a % of Revenue | 29.5 | % | 887 | 1 | (52 | ) | (4 | ) | (6 | ) | (7 | ) | — | (30 | ) | 8 | — | 797 | 26.5 | % | As a % of Revenue | |||||||||||||||||
Total costs and expenses | 2,656 | 2 | (144 | ) | (18 | ) | (10 | ) | (8 | ) | — | (30 | ) | 7 | — | 2,455 | |||||||||||||||||||||||
Income from operations | Operating Margin | 11.6 | % | 349 | (2 | ) | 144 | 18 | 10 | 8 | — | 30 | (7 | ) | — | 550 | 18.3 | % | Operating Margin | ||||||||||||||||||||
Other income(expense), net | (98 | ) | — | — | — | — | — | 21 | 2 | (3 | ) | — | (78 | ) | |||||||||||||||||||||||||
Income (loss) from continuing operations before taxes | 251 | (2 | ) | 144 | 18 | 10 | 8 | 21 | 32 | (10 | ) | — | 472 | ||||||||||||||||||||||||||
Provision for income taxes | Tax Rate | 8 | % | 21 | — | — | — | — | — | — | — | — | 55 | 76 | 16 | % | Tax Rate | ||||||||||||||||||||||
Income (loss) from continuing operations | Net Margin | 7.7 | % | $ | 230 | $ | (2 | ) | $ | 144 | $ | 18 | $ | 10 | $ | 8 | $ | 21 | $ | 32 | $ | (10 | ) | $ | (55 | ) | $ | 396 | 13.2 | % | Net Margin | ||||||||
Income (loss) from continuing operations per share - Basic and Diluted: | |||||||||||||||||||||||||||||||||||||||
Basic | $ | 0.69 | $ | (0.01 | ) | $ | 0.43 | $ | 0.05 | $ | 0.03 | $ | 0.02 | $ | 0.06 | $ | 0.10 | $ | (0.03 | ) | $ | (0.15 | ) | $ | 1.19 | ||||||||||||||
Diluted | $ | 0.68 | $ | (0.01 | ) | $ | 0.43 | $ | 0.05 | $ | 0.03 | $ | 0.02 | $ | 0.06 | $ | 0.09 | $ | (0.03 | ) | $ | (0.15 | ) | $ | 1.17 | ||||||||||||||
Weighted average shares used in computing net income (loss) per share: | |||||||||||||||||||||||||||||||||||||||
Basic | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | ||||||||||||||||||||||||||||
Diluted | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | ||||||||||||||||||||||||||||
The reconciliation from GAAP to Non-GAAP income from continuing operations is based on our current information. | |||||||||||||||||||||||||||||||||||||||
AGILENT TECHNOLOGIES, INC. | ||||||||||||||||||||||||||||||||||||||||||||||||
RECONCILIATION FROM GAAP TO NON-GAAP | ||||||||||||||||||||||||||||||||||||||||||||||||
YEAR ENDED OCTOBER 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||||||||||||||||||||||||||||||
NON-GAAP ADJUSTMENTS | ||||||||||||||||||||||||||||||||||||||||||||||||
(in millions, except per share amounts) | GAAP (As Revised) | Restructuring & Other Related Costs | Asset Impairments & Write-downs | Acceleration of Share-based Compensation Related to Workforce Reduction | Intangible Amortization | Transformational Initiatives | Acquisition & Integration Costs | Pre-Separation Costs | Net Loss on Extinguishment of Debt | Nuclear Magnetic Resonance Business Exit | Unallocated Corporate Costs | Other | Adjustment for Taxes | Non-GAAP | ||||||||||||||||||||||||||||||||||
Net Revenue | Change Year Over Year | 4 | % | $ | 4,048 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 4,048 | 4 | % | Change Year Over Year | ||||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||
Cost of products and services | Gross Margin | 48.8 | % | 2,072 | 1 | — | — | (121 | ) | (19 | ) | (3 | ) | (1 | ) | — | (47 | ) | — | — | — | 1,882 | 53.5 | % | Gross Margin | |||||||||||||||||||||||
Research and development | As a % of Revenue | 8.8 | % | 358 | — | (4 | ) | — | — | (3 | ) | (3 | ) | 2 | — | (5 | ) | 1 | (1 | ) | — | 345 | 8.5 | % | As a % of Revenue | |||||||||||||||||||||||
Selling, general and administrative | As a % of Revenue | 29.6 | % | 1,199 | 1 | — | (1 | ) | (68 | ) | (7 | ) | (5 | ) | (15 | ) | — | (16 | ) | (41 | ) | 11 | — | 1,058 | 26.1 | % | As a % of Revenue | |||||||||||||||||||||
Total costs and expenses | 3,629 | 2 | (4 | ) | (1 | ) | (189 | ) | (29 | ) | (11 | ) | (14 | ) | — | (68 | ) | (40 | ) | 10 | — | 3,285 | ||||||||||||||||||||||||||
Income from operations | Operating Margin | 10.4 | % | 419 | (2 | ) | 4 | 1 | 189 | 29 | 11 | 14 | — | 68 | 40 | (10 | ) | — | 763 | 18.8 | % | Operating Margin | ||||||||||||||||||||||||||
Other income(expense), net | (190 | ) | — | — | — | — | — | — | 1 | 89 | — | 4 | (3 | ) | — | (99 | ) | |||||||||||||||||||||||||||||||
Income (loss) from continuing operations before taxes | 229 | (2 | ) | 4 | 1 | 189 | 29 | 11 | 15 | 89 | 68 | 44 | (13 | ) | — | 664 | ||||||||||||||||||||||||||||||||
Provision (benefit) for income taxes | Tax Rate | (1 | )% | (3 | ) | — | — | — | — | — | — | — | — | — | — | — | 110 | 107 | 16 | % | Tax Rate | |||||||||||||||||||||||||||
Income (loss) from continuing operations | Net Margin | 5.7 | % | $ | 232 | $ | (2 | ) | $ | 4 | $ | 1 | $ | 189 | $ | 29 | $ | 11 | $ | 15 | $ | 89 | $ | 68 | $ | 44 | $ | (13 | ) | $ | (110 | ) | $ | 557 | 13.8 | % | Net Margin | |||||||||||
Income (loss) from continuing operations per share - Basic and Diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||
Basic | $ | 0.70 | $ | (0.01 | ) | $ | 0.01 | $ | — | $ | 0.57 | $ | 0.09 | $ | 0.03 | $ | 0.05 | $ | 0.27 | $ | 0.20 | $ | 0.13 | $ | (0.04 | ) | $ | (0.33 | ) | $ | 1.67 | |||||||||||||||||
Diluted | $ | 0.69 | $ | (0.01 | ) | $ | 0.01 | $ | — | $ | 0.56 | $ | 0.09 | $ | 0.03 | $ | 0.05 | $ | 0.26 | $ | 0.20 | $ | 0.13 | $ | (0.04 | ) | $ | (0.32 | ) | $ | 1.65 | |||||||||||||||||
Weighted average shares used in computing net income (loss) per share: | ||||||||||||||||||||||||||||||||||||||||||||||||
Basic | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | 333 | ||||||||||||||||||||||||||||||||||
Diluted | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | 338 | ||||||||||||||||||||||||||||||||||
The reconciliation from GAAP to Non-GAAP income from continuing operations is based on our current information. | ||||||||||||||||||||||||||||||||||||||||||||||||
AGILENT TECHNOLOGIES, INC. | |||||||||||||||||||||||||||||||||||||||
RECONCILIATION FROM GAAP TO NON-GAAP | |||||||||||||||||||||||||||||||||||||||
YEAR ENDED OCTOBER 31, 2013 | |||||||||||||||||||||||||||||||||||||||
(Unaudited) | |||||||||||||||||||||||||||||||||||||||
NON-GAAP ADJUSTMENTS | |||||||||||||||||||||||||||||||||||||||
(in millions, except per share amounts) | GAAP (As Revised) | Restructuring & Other Related Costs | Asset Impairments & Write-downs | Acceleration of Share-based Compensation Related to Workforce Reduction | Intangible Amortization | Transformational Initiatives | Acquisition & Integration Costs | Unallocated Corporate Costs | Other | Adjustment for Taxes | Non-GAAP | ||||||||||||||||||||||||||||
Net Revenue | Change Year Over Year | 10 | % | $ | 3,894 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 3,894 | 10 | % | Change Year Over Year | |||||||||||
Costs and expenses: | |||||||||||||||||||||||||||||||||||||||
Cost of products and services | Gross Margin | 49.0 | % | 1,987 | (17 | ) | — | (1 | ) | (120 | ) | (12 | ) | (4 | ) | (5 | ) | (7 | ) | — | 1,821 | 53.2 | % | Gross Margin | |||||||||||||||
Research and development | As a % of Revenue | 8.7 | % | 337 | (5 | ) | (1 | ) | — | — | (1 | ) | (3 | ) | (5 | ) | (1 | ) | — | 321 | 8.2 | % | As a % of Revenue | ||||||||||||||||
Selling, general and administrative | As a % of Revenue | 30.4 | % | 1,184 | (12 | ) | (1 | ) | (1 | ) | (70 | ) | (6 | ) | (15 | ) | (54 | ) | (5 | ) | — | 1,020 | 26.2 | % | As a % of Revenue | ||||||||||||||
Total costs and expenses | 3,508 | (34 | ) | (2 | ) | (2 | ) | (190 | ) | (19 | ) | (22 | ) | (64 | ) | (13 | ) | — | 3,162 | ||||||||||||||||||||
Income from operations | Operating Margin | 9.9 | % | 386 | 34 | 2 | 2 | 190 | 19 | 22 | 64 | 13 | — | 732 | 18.8 | % | Operating Margin | ||||||||||||||||||||||
Other income(expense), net | (93 | ) | — | — | — | — | — | — | (2 | ) | 1 | — | (94 | ) | |||||||||||||||||||||||||
Income from continuing operations before taxes | 293 | 34 | 2 | 2 | 190 | 19 | 22 | 62 | 14 | — | 638 | ||||||||||||||||||||||||||||
Provision for income taxes | Tax Rate | 23.2 | % | 68 | — | — | — | — | — | — | — | — | 35 | 103 | 16 | % | Tax Rate | ||||||||||||||||||||||
Income (loss) from continuing operations | Net Margin | 5.8 | % | $ | 225 | $ | 34 | $ | 2 | $ | 2 | $ | 190 | $ | 19 | $ | 22 | $ | 62 | $ | 14 | $ | (35 | ) | $ | 535 | 13.7 | % | Net Margin | ||||||||||
Income (loss) from continuing operations per share - Basic and Diluted: | |||||||||||||||||||||||||||||||||||||||
Basic | $ | 0.66 | $ | 0.10 | $ | 0.01 | $ | 0.01 | $ | 0.56 | $ | 0.06 | $ | 0.06 | $ | 0.18 | $ | 0.04 | $ | (0.11 | ) | $ | 1.57 | ||||||||||||||||
Diluted | $ | 0.65 | $ | 0.10 | $ | 0.01 | $ | 0.01 | $ | 0.55 | $ | 0.06 | $ | 0.06 | $ | 0.18 | $ | 0.04 | $ | (0.11 | ) | $ | 1.55 | ||||||||||||||||
Weighted average shares used in computing net income (loss) per share: | |||||||||||||||||||||||||||||||||||||||
Basic | 341 | 341 | 341 | 341 | 341 | 341 | 341 | 341 | 341 | 341 | 341 | ||||||||||||||||||||||||||||
Diluted | 345 | 345 | 345 | 345 | 345 | 345 | 345 | 345 | 345 | 345 | 345 | ||||||||||||||||||||||||||||
The reconciliation from GAAP to Non-GAAP income from continuing operations is based on our current information. | |||||||||||||||||||||||||||||||||||||||