| ($ in millions) | 2021E(1) | 2022E | 2023E | 2024E | 2025E | 2026E | ||||||||||||||||||
| Revenue |
$ | 3,267 | $ | 3,494 | $ | 3,938 | $ | 4,209 | $ | 4,465 | $ | 4,692 | ||||||||||||
| Non-GAAP Gross Profit (2) |
$ | 2,730 | $ | 2,931 | $ | 3,305 | $ | 3,542 | $ | 3,749 | $ | 3,944 | ||||||||||||
| Non-GAAP Operating Income (3) |
$ | 850 | $ | 1,048 | $ | 1,263 | $ | 1,405 | $ | 1,525 | $ | 1,644 | ||||||||||||
| Non-GAAP Net Income (4) |
$ | 647 | $ | 779 | $ | 958 | $ | 1,086 | $ | 1,187 | $ | 1,291 | ||||||||||||
| EBITDA (5) |
$ | 1,050 | $ | 1,259 | $ | 1,478 | $ | 1,626 | $ | 1,750 | $ | 1,875 | ||||||||||||
| (1) | Included actual results for the first half of fiscal year 2021 and projections for the second half of the fiscal year. Actual results for fiscal year 2021 are set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 as filed with the SEC on February 16, 2022. See the section of this proxy statement titled “Where You Can Find Additional Information”. |
| (2) | Non-GAAP Gross Profit excludes the effects of stock-based compensation expense, amortization and impairment of acquired intangible assets and restructuring charges. |
| (3) | Non-GAAP Operating Income excludes the effects of stock-based compensation expense, amortization and impairment of acquired intangible assets, acquisition-related costs and restructuring charges. |
| (4) | Non-GAAP Net Income excludes the effects of stock-based compensation expense, amortization and impairment of acquired intangible assets, acquisition-related costs, charges and benefits related to tax reform, restructuring charges and the tax effects related to these items. |
| (5) | EBITDA is a non-GAAP financial measure calculated as Non-GAAP Operating Income plus depreciation and amortization and other amortization items. |
Summary of December Projections
The following table is a summary of the December Projections:
