RECONCILIATION OF GAAP GROSS PROFIT TO NON-GAAP GROSS PROFIT
| Three Months Ended | Nine Months Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2018 | 2017 | 2018 | 2017 | ||||||||||||
| Gross profit, as reported | $ | 779.6 | $ | 607.1 | $ | 2,110.9 | $ | 1,805.6 | |||||||
| Impact of changes in distributor inventory levels | 23.8 | — | 83.3 | — | |||||||||||
| Share-based compensation expense | 3.4 | 3.5 | 10.9 | 10.6 | |||||||||||
| Manufacturing excursion | — | — | — | (0.6) | |||||||||||
| Acquisition-related costs | — | — | 0.2 | — | |||||||||||
| Excess capacity charges to normalize acquired inventory levels | — | — | 2.3 | — | |||||||||||
| Acquired inventory valuation costs | 74.3 | — | 363.9 | — | |||||||||||
| Non-GAAP gross profit | $ | 881.1 | $ | 610.6 | $ | 2,571.5 | $ | 1,815.6 | |||||||
| Non-GAAP gross profit percentage | 62.2% | 61.4% | 62.0% | 61.0% | |||||||||||
RECONCILIATION OF GAAP RESEARCH AND DEVELOPMENT EXPENSES TO NON-GAAP RESEARCH AND DEVELOPMENT EXPENSES
| Three Months Ended | Nine Months Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2018 | 2017 | 2018 | 2017 | ||||||||||||
| Research and development expenses, as reported | $ | 217.7 | $ | 131.6 | $ | 611.6 | $ | 395.7 | |||||||
| Share-based compensation expense | (19.4) | (10.9) | (53.2) | (31.8) | |||||||||||
| Acquisition-related costs | (0.3) | (0.1) | (1.5) | — | |||||||||||
| Non-GAAP research and development expenses | $ | 198.0 | $ | 120.6 | $ | 556.9 | $ | 363.9 | |||||||
| Non-GAAP research and development expenses as a percentage of net sales | 14.0% | 12.1% | 13.4% | 12.2% | |||||||||||
RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
