Dell 2010 Annual Report Download - page 36

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Table of Contents
The table below presents a reconciliation of our non-GAAP financial measures to the most comparable GAAP measure for each of the
past three fiscal years:
Fiscal Year Ended
January 28, January 29, January 30,
2011 % Change 2010 % Change 2009
(in millions, except percentages)
GAAP gross margin $ 11,396 23% $ 9,261 (15%) $ 10,957
Non-GAAP adjustments:
Amortization of intangibles 278 151 59
Severance and facility actions 53 236 146
Acquisition-related 4 1 -
Stock-option accelerated vesting charges - - 16
Non-GAAP gross margin $ 11,731 22% $ 9,649 (14%) $ 11,178
GAAP operating expenses $ 7,963 12% $ 7,089 (9%) $ 7,767
Non-GAAP adjustments:
Amortization of intangibles (71) (54) (46)
Severance and facility actions (76) (245) (136)
Acquisition-related (94) (115) -
Stock-option accelerated vesting charges - - (88)
Other fees and settlements (140) - -
Non-GAAP operating expenses $ 7,582 14% $ 6,675 (11%) $ 7,497
GAAP operating income $ 3,433 58% $ 2,172 (32%) $ 3,190
Non-GAAP adjustments:
Amortization of intangibles 349 205 105
Severance and facility actions 129 481 282
Acquisition-related 98 116 -
Stock-option accelerated vesting charges - - 104
Other fees and settlements 140 - -
Non-GAAP operating income $ 4,149 40% $ 2,974 (19%) $ 3,681
GAAP net income $ 2,635 84% $ 1,433 (42%) $ 2,478
Non-GAAP adjustments:
Amortization of intangibles 349 205 105
Severance and facility actions 129 481 282
Acquisition-related 98 116 -
Stock-option accelerated vesting charges - - 104
Other fees and settlements 68 - -
Aggregate adjustments for income taxes (173) (181) (117)
Non-GAAP net income $ 3,106 51% $ 2,054 (28%) $ 2,852
GAAP earnings per share — diluted $ 1.35 85% $ 0.73 (42%) $ 1.25
Non-GAAP adjustments per share — diluted 0.24 0.32 0.19
Non-GAAP earnings per share — diluted $ 1.59 51% $ 1.05 (27%) $ 1.44
32