Exhibit 99.3
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended September 28, 2012
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Acquisition |
| Restructuring |
|
|
| ||||
|
|
|
| Related |
| and Other |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges (1) |
| Charges, Net |
| (Non-GAAP) (2) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Solutions |
| $ | 196 |
| $ | 5 |
| $ | 5 |
| $ | 206 |
|
Network Solutions |
| 71 |
| — |
| 11 |
| 82 |
| ||||
Industrial Solutions |
| 97 |
| 9 |
| 14 |
| 120 |
| ||||
Consumer Solutions |
| 37 |
| — |
| 9 |
| 46 |
| ||||
Total |
| $ | 401 |
| $ | 14 |
| $ | 39 |
| $ | 454 |
|
(1) Includes $7 million of non-cash amortization associated with acquisition-related adjustments recorded in cost of sales, $4 million of acquisition and integration costs, and $3 million of restructuring charges.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended June 29, 2012
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Acquisition |
| Restructuring |
|
|
| ||||
|
|
|
| Related |
| and Other |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges (1) |
| Charges, Net |
| (Non-GAAP) (2) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Solutions |
| $ | 178 |
| $ | 57 |
| $ | 3 |
| $ | 238 |
|
Network Solutions |
| 64 |
| — |
| 18 |
| 82 |
| ||||
Industrial Solutions |
| 87 |
| 37 |
| — |
| 124 |
| ||||
Consumer Solutions |
| 42 |
| — |
| 4 |
| 46 |
| ||||
Total |
| $ | 371 |
| $ | 94 |
| $ | 25 |
| $ | 490 |
|
(1) Includes $68 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, $15 million of acquisition and integration costs, and $11 million of restructuring charges.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended March 30, 2012
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Acquisition |
| Restructuring |
|
|
| ||||
|
|
|
| Related |
| and Other |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges |
| Charges, Net |
| (Non-GAAP) (1) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Solutions |
| $ | 196 |
| $ | 3 |
| $ | — |
| $ | 199 |
|
Network Solutions |
| 53 |
| — |
| 24 |
| 77 |
| ||||
Industrial Solutions |
| 104 |
| 1 |
| 1 |
| 106 |
| ||||
Consumer Solutions |
| 32 |
| — |
| 7 |
| 39 |
| ||||
Total |
| $ | 385 |
| $ | 4 |
| $ | 32 |
| $ | 421 |
|
(1) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended December 30, 2011
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Acquisition |
| Restructuring |
|
|
| ||||
|
|
|
| Related |
| and Other |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges |
| Charges, Net |
| (Non-GAAP) (1) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Solutions |
| $ | 184 |
| $ | 2 |
| $ | 1 |
| $ | 187 |
|
Network Solutions |
| 59 |
| — |
| 6 |
| 65 |
| ||||
Industrial Solutions |
| 90 |
| 2 |
| 8 |
| 100 |
| ||||
Consumer Solutions |
| 28 |
| — |
| 3 |
| 31 |
| ||||
Total |
| $ | 361 |
| $ | 4 |
| $ | 18 |
| $ | 383 |
|
(1) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended September 30, 2011
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Acquisition |
| Restructuring |
|
|
| ||||
|
|
|
| Related |
| and Other |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges (1) |
| Charges, Net |
| (Non-GAAP) (2) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Solutions |
| $ | 209 |
| $ | — |
| $ | (2 | ) | $ | 207 |
|
Network Solutions |
| 102 |
| 23 |
| 5 |
| 130 |
| ||||
Industrial Solutions |
| 113 |
| — |
| 22 |
| 135 |
| ||||
Consumer Solutions |
| 21 |
| — |
| 31 |
| 52 |
| ||||
Total |
| $ | 445 |
| $ | 23 |
| $ | 56 |
| $ | 524 |
|
(1) Includes $22 million of restructuring charges and $1 million of non-cash amortization associated with acquisition-related adjustments recorded in cost of sales.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended June 24, 2011
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Acquisition |
| Restructuring |
|
|
| ||||
|
|
|
| Related |
| and Other |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges (1) |
| Charges, Net |
| (Non-GAAP) (2) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Solutions |
| $ | 182 |
| $ | — |
| $ | (12 | ) | $ | 170 |
|
Network Solutions |
| 117 |
| 10 |
| 4 |
| 131 |
| ||||
Industrial Solutions |
| 125 |
| — |
| 6 |
| 131 |
| ||||
Consumer Solutions |
| 36 |
| — |
| 3 |
| 39 |
| ||||
Total |
| $ | 460 |
| $ | 10 |
| $ | 1 |
| $ | 471 |
|
(1) Includes $7 million of restructuring charges, $2 million of non-cash amortization associated with acquisition-related adjustments recorded in cost of sales, and $1 million of acquisition and integration costs.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended March 25, 2011
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Acquisition |
| Restructuring |
|
|
| ||||
|
|
|
| Related |
| and Other |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges (1) |
| Charges, Net |
| (Non-GAAP) (2) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Solutions |
| $ | 175 |
| $ | — |
| $ | — |
| $ | 175 |
|
Network Solutions |
| 45 |
| 46 |
| 1 |
| 92 |
| ||||
Industrial Solutions |
| 128 |
| — |
| (6 | ) | 122 |
| ||||
Consumer Solutions |
| 44 |
| — |
| — |
| 44 |
| ||||
Total |
| $ | 392 |
| $ | 46 |
| $ | (5 | ) | $ | 433 |
|
(1) Includes $29 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, $16 million of restructuring charges, and $1 million of acquisition and integration costs.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended December 24, 2010
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Acquisition |
| Restructuring |
|
|
| ||||
|
|
|
| Related |
| and Other |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges (1) |
| Charges, Net |
| (Non-GAAP) (2) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Solutions |
| $ | 163 |
| $ | — |
| $ | 1 |
| $ | 164 |
|
Network Solutions |
| 36 |
| 59 |
| — |
| 95 |
| ||||
Industrial Solutions |
| 111 |
| — |
| 2 |
| 113 |
| ||||
Consumer Solutions |
| 80 |
| — |
| 1 |
| 81 |
| ||||
Total |
| $ | 390 |
| $ | 59 |
| $ | 4 |
| $ | 453 |
|
(1) Includes $35 million of restructuring charges, $17 million of acquisition and integration costs, and $7 million of non-cash amortization associated with fair value adjustments to acquired inventories and customer order backlog recorded in cost of sales.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 28, 2012
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Acquisition |
| Restructuring |
|
|
| ||||
|
|
|
| Related |
| and Other |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges (1) |
| Charges, Net |
| (Non-GAAP) (2) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Solutions |
| $ | 754 |
| $ | 67 |
| $ | 9 |
| $ | 830 |
|
Network Solutions |
| 247 |
| — |
| 59 |
| 306 |
| ||||
Industrial Solutions |
| 378 |
| 49 |
| 23 |
| 450 |
| ||||
Consumer Solutions |
| 139 |
| — |
| 23 |
| 162 |
| ||||
Total |
| $ | 1,518 |
| $ | 116 |
| $ | 114 |
| $ | 1,748 |
|
(1) Includes $75 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, $27 million of acquisition and integration costs, and $14 million of restructuring charges.
(2) See description of non-GAAP measures contained in this Form 8-K.
TE CONNECTIVITY LTD.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 30, 2011
(UNAUDITED)
|
|
|
| Adjustments |
|
|
| ||||||
|
|
|
| Acquisition |
| Restructuring |
|
|
| ||||
|
|
|
| Related |
| and Other |
| Adjusted |
| ||||
|
| U.S. GAAP |
| Charges (1) |
| Charges, Net |
| (Non-GAAP) (2) |
| ||||
|
| (in millions) |
| ||||||||||
Operating Income: |
|
|
|
|
|
|
|
|
| ||||
Transportation Solutions |
| $ | 729 |
| $ | — |
| $ | (13 | ) | $ | 716 |
|
Network Solutions |
| 300 |
| 138 |
| 10 |
| 448 |
| ||||
Industrial Solutions |
| 477 |
| — |
| 24 |
| 501 |
| ||||
Consumer Solutions |
| 181 |
| — |
| 35 |
| 216 |
| ||||
Total |
| $ | 1,687 |
| $ | 138 |
| $ | 56 |
| $ | 1,881 |
|
(1) Includes $80 million of restructuring charges, $39 million of non-cash amortization associated with fair value adjustments primarily related to acquired inventories and customer order backlog recorded in cost of sales, and $19 million of acquisition and integration costs.
(2) See description of non-GAAP measures contained in this Form 8-K.