Attached files
| file | filename |
|---|---|
| 8-K - 8-K - PLANTRONICS INC /CA/ | plt-8kpolycom33118finan.htm |
POLYCOM, INC. | |||||
SELECTED QUARTERLY FINANCIAL INFORMATION - GAAP (unaudited) | |||||
($ in millions) | |||||
Quarter ended March 31, 2018 | |||||
Total revenues | $ | 271.2 | |||
GAAP Gross profit | $ | 158.6 | |||
Gross profit % | 58.5 | % | |||
GAAP Operating income | $ | 19.1 | |||
Operating income % | 7.0 | % | |||
GAAP Net loss | $ | (6.1 | ) | ||
% of total revenue | (2.2 | )% | |||
POLYCOM, INC. | |||||
SELECTED QUARTERLY FINANCIAL INFORMATION - NON-GAAP (unaudited) | |||||
($ in millions) | |||||
Quarter ended March 31, 2018 | |||||
Total revenues | $ | 271.2 | |||
Non-GAAP Gross profit | $ | 158.9 | |||
Gross profit % | 58.6 | % | |||
Non-GAAP Operating income | $ | 42.2 | |||
Operating income % | 15.6 | % | |||
Non-GAAP Net income | $ | 10.3 | |||
% of total revenue | 3.8 | % | |||
1
POLYCOM, INC. | |||||
GAAP TO NON-GAAP RECONCILIATION OF SELECTED QUARTERLY FINANCIAL INFORMATION (unaudited) | |||||
($ in millions) | |||||
Quarter ended March 31, 2018 | |||||
Total revenues | $ | 271.2 | |||
GAAP Gross profit | $ | 158.6 | |||
Amortization of purchased intangibles | 0.3 | ||||
Non-GAAP Gross profit | $ | 158.9 | |||
GAAP Operating income | $ | 19.1 | |||
Amortization of purchased intangibles | 14.7 | ||||
Restructuring costs | 0.2 | ||||
Transaction-related costs | 4.4 | ||||
Non-recurring legal-related and other matters | 3.8 | ||||
Non-GAAP Operating income | $ | 42.2 | |||
GAAP Net loss | $ | (6.1 | ) | ||
Amortization of purchased intangibles | 14.7 | ||||
Restructuring costs | 0.2 | ||||
Transaction-related costs | 4.4 | ||||
Income tax effect of non-GAAP exclusions | (6.7 | ) | |||
Non-recurring legal-related and other matters | 3.8 | ||||
Non-GAAP Net income | $ | 10.3 | |||
POLYCOM, INC. | |||||
RECONCILIATION OF GAAP NET LOSS TO ADJUSTED EBITDA (unaudited) | |||||
($ in millions) | |||||
Quarter ended March 31, 2018 | |||||
GAAP Net loss | $ | (6.1 | ) | ||
Net Interest expense | 18.7 | ||||
Income Taxes | (4.1 | ) | |||
Depreciation & Amortization | 23.7 | ||||
Other (income) expense, net | 10.5 | ||||
Restructuring costs | 0.2 | ||||
Transaction-related costs | 4.4 | ||||
Non-recurring legal-related and other matters | 3.8 | ||||
Non-cash Charges: Excess/Obsolete Inventory | 2.9 | ||||
Gains/losses from extraordinary and non-recurring items | 0.3 | ||||
Adjusted EBITDA | $ | 54.3 | |||
2