Reclassification of non-GAAP results: Reconciliation to comparable GAAP measures
April 10, 2020 at 03:18 am
Share
Reconciliation of GAAP Net Income to Non-GAAP Net Income,
GAAP Diluted EPS to Non-GAAP Diluted EPS,
and GAAP Effective Tax Rate to Non-GAAP Effective Tax Rate
(In Millions, Except Percentages
and Per Share Amount/
Unaudited)
GAAP income before income taxes
GAAP income tax expense GAAP net income
Non-GAAP adjustments to net income:
Three Months Ended
December
September
June 30,
March 31,
December
September
June 30,
March 31,
December
September
June 30,
March 31,
31, 2019
30, 2019
2019
2019
31, 2018
30, 2018
2018
2018
31, 2017
30, 2017
2017
2017
$
854
$
484
$ 943
$
717
$
686
$
533
$ 609
$
548
$
864
$
451
$ 447
$
438
347
22
120
50
102
97
83
37
244
71
36
54
507
462
823
667
584
436
526
511
620
380
411
384
Year Ended December 31,
2019
2018
2017
$ 2,998
$ 2,376
$ 2,200
539
319
405
2,459
2,057
1,795
Non-GAAP operating income
374
329
293
416
315
297
248
295
(36)
223
229
212
1,412
1,155
628
adjustments
(Gains) losses on strategic
(38)
228
(218)
(180)
(56)
-
(31)
-
-
-
-
-
(208)
(87)
-
investments(1)
Other certain significant
230
-
-
-
(6)
14
32
3
201
23
-
-
230
43
224
gains, losses, or charges
Tax effect of non-GAAP
(85)
(119)
(50)
(117)
(54)
(52)
(99)
(117)
(115)
(66)
(86)
(62)
(371)
(322)
(329)
adjustments (1)
Non-GAAP net income
$
988
$
900
$
848
$
786
$
783
$
695
$
676
$
692
$
670
$
560
$
554
$
534
$
3,522
$
2,846
$
2,318
Shares used in diluted share
1,187
1,188
1,187
1,188
1,196
1,199
1,202
1,217
1,228
1,223
1,215
1,216
1,188
1,203
1,221
calculation
Net income per diluted share:
GAAP
$
0.43
$
0.39
$
0.69
$
0.56
$
0.49
$
0.36
$
0.44
$
0.42
$
0.50
$
0.31
$
0.34
$
0.32
$
2.07
$
1.71
$
1.47
Non-GAAP
$
0.83
$
0.76
$
0.71
$
0.66
$
0.65
$
0.58
$
0.56
$
0.57
$
0.55
$
0.46
$
0.46
$
0.44
$
2.96
$
2.37
$
1.90
GAAP effective tax rate
41 %
5%
13%
7%
15%
18 %
14%
7%
28 %
16%
8%
12%
18 %
13%
18 %
Tax effect of non-GAAP
(24)%
9%
4%
11%
2%
(2)%
4%
11%
(9)%
1%
10%
6%
(2)%
4%
- %
adjustments to net income
Non-GAAP effective tax rate
17 %
14%
17%
18%
17%
16 %
18%
18%
19 %
17%
18%
18%
16 %
17%
18 %
Reflects the impact of reclassification as described in our Form8-K filed with the SEC on April 9, 2020.
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PayPal Holdings Inc. published this content on 09 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 April 2020 07:17:28 UTC
PayPal Holdings, Inc. is one of the main global providers of online payment services. The company enables individuals and professionals to purchase and to sell goods and services, as well as make transfers and withdrawals. Paypal Holdings operates a technology platform equipped with solutions (Paypal, PayPal Credit, Venmo and Braintree brands) designed to facilitate safeguarded payments via merchant websites, mobile payment devices, and through shops. Net sales break down by source of revenue as follows:
- revenues from transactions (90.2%);
- revenues from value-added services (9.8%).
At the end of 2023, PayPal Holdings, Inc. has 426 million active accounts.
The United States accounts for 58% of net sales.