Mobileye Global Inc.
Reconciliation of GAAP Net Income (loss) to Non-GAAP Adjusted Net Income (unaudited)
|
Three Months Ended |
|
Nine months Ended |
||||||||||||||||||||
U.S. dollars in millions |
September 30, 2023 |
|
October 1, 2022 |
|
September 30, 2023 |
|
October 1, 2022 |
||||||||||||||||
|
Amount |
% of
|
|
Amount |
% of
|
|
Amount |
% of
|
|
Amount |
% of
|
||||||||||||
Net Income (Loss) |
$ |
17 |
|
3 |
% |
|
$ |
(45 |
) |
(10 |
%) |
|
$ |
(90 |
) |
(6 |
%) |
|
$ |
(112 |
) |
(9 |
%) |
Add: Amortization of acquired intangible assets |
|
111 |
|
21 |
% |
|
|
131 |
|
29 |
% |
|
|
362 |
|
25 |
% |
|
|
413 |
|
32 |
% |
Add: Share-based compensation expense |
|
63 |
|
12 |
% |
|
|
36 |
|
8 |
% |
|
|
190 |
|
13 |
% |
|
|
112 |
|
9 |
% |
| Add: Expenses related to the Mobileye IPO |
|
— |
|
— |
% |
|
|
1 |
|
— |
% |
|
|
— |
|
— |
% |
|
|
4 |
|
— |
% |
| Less: Income tax effects |
|
(10 |
) |
(2 |
%) |
|
|
(9 |
) |
(2 |
%) |
|
|
(31 |
) |
(2 |
%) |
|
|
(27 |
) |
(2 |
%) |
| Adjusted Net Income |
$ |
181 |
|
34 |
% |
|
$ |
114 |
|
25 |
% |
|
$ |
431 |
|
30 |
% |
|
$ |
390 |
|
30 |
% |
