RECONCILIATION OF GAAP NET INCOME (LOSS) AND GAAP DILUTED NET INCOME (LOSS) PER COMMON SHARE TO NON-GAAP NET INCOME AND NON-GAAP DILUTED NET INCOME PER COMMON SHARE
| Three and Nine Months Ended | |||||||
| December 31, 2018 | |||||||
| Net income, as reported | $ | 49.2 | $ | 181.2 | |||
| Impact of changes in distributor inventory levels | 23.8 | 83.3 | |||||
| Share-based compensation expense | 39.4 | 110.2 | |||||
| Acquisition-related costs | 5.4 | 39.3 | |||||
| Excess capacity charges to normalize acquired inventory levels | — | 2.3 | |||||
| Acquired inventory valuation costs | 74.3 | 363.9 | |||||
| Amortization of acquired intangible assets | 193.7 | 497.2 | |||||
| Special (income) charges and other, net | (1.3) | 57.0 | |||||
| Loss on settlement of debt | 0.2 | 4.3 | |||||
| Non-cash other expense | 29.2 | 94.6 | |||||
| Losses on available-for-sale investments | 0.6 | 6.7 | |||||
| Other non-GAAP tax adjustment 1 | (8.9) | (173.9) | |||||
| Non-GAAP net income | $ | 405.6 | $ | 1,266.1 | |||
| Non-GAAP net income as a percentage of net sales | 28.6% | 30.5% | |||||
| GAAP net income as a percentage of net sales | 3.6% | 4.5% | |||||
| Diluted net income per common share, as reported | $ | 0.20 | $ | 0.73 | |||
| Non-GAAP diluted net income per common share | $ | 1.66 | $ | 5.07 | |||
| Diluted common shares outstanding, as reported | 244.6 | 249.5 | |||||
| Diluted common shares outstanding non-GAAP | 244.6 | 249.5 | |||||
| Three and Nine Months Ended | |||||||
| December 31, 2017 | |||||||
| Net (loss) income, as reported | $ | (251.1) | $ | 108.7 | |||
| Share-based compensation expense, net of tax effect 2 | 17.4 | 48.2 | |||||
| Manufacturing excursion, net of tax effect 2 | — | (0.4) | |||||
| Acquisition-related costs, net of tax effect 2 | 1.1 | 3.2 | |||||
| Amortization of acquired intangible assets, net of tax effect 2 | 112.9 | 335.0 | |||||
| Special charges and other, net of tax effect 2 | 0.2 | 11.3 | |||||
| Loss on settlement of debt, net of tax effect 2 | 2.0 | 10.8 | |||||
| Non-cash other expense, net of tax effect 2 | 19.8 | 54.0 | |||||
| Non-recurring tax events 2 | 439.8 | 428.6 | |||||
| Tax adjustment in accordance with ASC 740-270 2 | (0.9) | 4.9 | |||||
| Non-GAAP net income | $ | 341.2 | $ | 1,004.3 | |||
| Non-GAAP net income as a percentage of net sales | 34.3% | 33.7% | |||||
| GAAP net (loss) income as a percentage of net sales | (25.3)% | 3.6% | |||||
| Diluted net (loss) income per common share, as reported | $ | (1.07) | $ | 0.44 | |||
| Non-GAAP diluted net income per common share | $ | 1.36 | $ | 4.05 | |||
| Diluted common shares outstanding, as reported | 234.1 | 248.0 | |||||
| Diluted common shares outstanding non-GAAP | 250.8 | 248.0 | |||||
