Slide 1: Non-GAAP Measures, Adjustments and Definitions Updated January 10, 2024
© 2019 Masimo Non-GAAP Measures, Adjustments and Definitions Updated January 10, 2024
Slide 2: Forward-Looking Statements
© 2019 Masimo Forward-Looking Statements Masimo Corporation (“Masimo”, “MASI”, or the “Company”) cautions you that statements included in this presentation that are not a description of historical facts are forward-looking statements that involve risks, uncertainties, assumptions and other factors w
Slide 3: Non-GAAP Measures & Adjustments
© 2019 Masimo The Company uses certain non-GAAP financial measures such as constant currency revenue growth, non- GAAP gross profit/margin percentage, non-GAAP SG&A expense percentage, non-GAAP R&D expense percentage, non-GAAP operating income/margin percentage, non-GAAP provision for income taxes/t
Slide 4: Measures & Adjustments (continued)
© 2019 Masimo Non-GAAP Measures & Adjustments (continued) The Company also uses non-GAAP liquidity measures such as adjusted free cash flow, which excludes certain cash items related to the foregoing that may impact period-to-period comparability, and adjusted EBITDA, which excludes non-cash stock-b
Slide 5: Constant currency revenue adjustments; acquisition, integration and related costs
© 2019 Masimo Non-GAAP Definitions > Constant currency revenue adjustments ▪ Some of our sales agreements with foreign customers provide for payment in currencies other than the U.S. Dollar. These foreign currency revenues, when converted into U.S. Dollars, can vary significantly from period-to-peri
Slide 6: Litigation related expenses and settlements definitions
© 2019 Masimo Non-GAAP Definitions (continued) > Litigation related expenses and settlements (prior definition) ▪ These transactions represent gains, losses, and other related costs associated with certain litigation matters, which can vary in their characteristics, frequency and significance to our
Slide 7: Realized and unrealized gains or losses; financing related adjustments
© 2019 Masimo Non-GAAP Definitions (continued) > Realized and unrealized gains or losses ▪ These transactions represent gains, losses, and other related costs associated with foreign currency denominated transactions and investments. Changes in the underlying currency rates relative to the U.S. Doll
Slide 8: Tax events; excess tax benefits; adjusted free cash flow
© 2019 Masimo Non-GAAP Definitions (continued) > Tax events ▪ This represents certain tax events that impact period over period comparability and do not represent the underlying ongoing results of the core operations. The Company may choose to exclude these tax events from non-GAAP earnings. > Exces