The third quarter and fiscal 2019 non-GAAP operating expense, non-GAAP
operating margin and non-GAAP EPS guidance exclude the estimated items
outlined in the table below, as well as any tax effects and discrete tax
items (which are not known nor reflected). Adjusted free cash flow
excludes $25 million of restructuring payments related to our workforce
realignment and headquarters relocation. From a cash perspective, the
free rent and estimated sublease income over the first 18 months on our
Seaport headquarters total approximately $30 million, as compared to the
estimated cash outflows of $34 million on the Needham headquarters
facility, which will be incurred over the next 44 months.
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In millions
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Q3’19
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FY’19
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Effect of acquisition accounting on fair value of acquired
deferred revenue
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$0
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$1
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Acquisition-related charges
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-
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1
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Restructuring and headquarters relocation charges (1)
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-
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45
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Intangible asset amortization expense
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13
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51
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Stock-based compensation expense
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|
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28
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114
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Total Estimated Pre-Tax GAAP adjustments
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$41
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$212
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