EX-99.1 2 exhibit991-segmentrecast.htm EX-99.1 Document

AGILENT TECHNOLOGIES, INC.
LIFE SCIENCES AND APPLIED MARKETS SEGMENT
(Unaudited)
All periods below were recast to reflect the movement of the Cell Analysis division to our Diagnostics and Genomics business segment from our Life Sciences and Applied Markets business segment.
(In millions, except margins data)FY23
Q1Q2Q3Q4Total
Revenue$943 $874 $854 $839 $3,510 
Gross margin %61.5 %59.8 %60.1 %59.5 %60.3 %
Research and development expenses$67 $69 $62 $64 $262 
Selling, general and administrative expenses$213 $210 $186 $196 $805 
Income from operations$300 $244 $265 $240 $1,049 
Operating margin %31.8 %27.9 %31.0 %28.6 %29.9 %
FY22
Q1Q2Q3Q4Total
Revenue$900 $799 $921 $1,010 $3,630 
Gross margin %60.5 %58.9 %60.4 %60.6 %60.1 %
Research and development expenses$66 $63 $64 $64 $257 
Selling, general and administrative expenses$207 $204 $207 $211 $829 
Income from operations$271 $204 $285 $337 $1,097 
Operating margin %30.1 %25.5 %31.0 %33.3 %30.2 %
FY21
Q1Q2Q3Q4Total
Revenue$835 $797 $811 $861 $3,304 
Gross margin %60.0 %59.5 %60.1 %59.3 %59.7 %
Research and development expenses$59 $62 $60 $63 $244 
Selling, general and administrative expenses$202 $209 $203 $206 $820 
Income from operations$240 $203 $224 $242 $909 
Operating margin %28.7 %25.5 %27.7 %28.1 %27.5 %

Income from operations reflect the results of our reportable segments under Agilent's management reporting system which are not necessarily in conformity with GAAP financial measures. Income from operations of our reporting segments exclude, among other things, charges related to restructuring and other related costs, asset impairments, amortization of intangibles, transformational initiatives, acquisition and integration costs, business exit and divestiture costs, special compliance costs and change in fair value of contingent consideration.

Readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, GAAP financial measures. They should be read in conjunction with the GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.





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AGILENT TECHNOLOGIES, INC.
DIAGNOSTICS AND GENOMICS SEGMENT
(Unaudited)
All periods below were recast to reflect the movement of the Cell Analysis division to our Diagnostics and Genomics business segment from our Life Sciences and Applied Markets business segment.
(In millions, except margins data)FY23
Q1Q2Q3Q4Total
Revenue$432 $456 $422 $445 $1,755 
Gross margin %52.6 %53.7 %53.5 %53.7 %53.4 %
Research and development expenses$47 $48 $38 $44 $177 
Selling, general and administrative expenses$107 $104 $92 $94 $397 
Income from operations$73 $93 $96 $101 $363 
Operating margin %16.9 %20.5 %22.7 %22.7 %20.7 %
FY22
Q1Q2Q3Q4Total
Revenue$415 $455 $438 $458 $1,766 
Gross margin %54.2 %56.7 %55.8 %53.1 %55.0 %
Research and development expenses$42 $44 $43 $45 $174 
Selling, general and administrative expenses$104 $99 $103 $101 $407 
Income from operations$79 $115 $99 $97 $390 
Operating margin %19.0 %25.4 %22.6 %21.2 %22.1 %
FY21
Q1Q2Q3Q4Total
Revenue$382 $399 $432 $442 $1,655 
Gross margin %54.4 %55.7 %55.5 %55.4 %55.3 %
Research and development expenses$35 $37 $40 $44 $156 
Selling, general and administrative expenses$93 $93 $96 $96 $378 
Income from operations$80 $92 $104 $105 $381 
Operating margin %20.8 %23.1 %24.1 %23.8 %23.0 %

Income from operations reflect the results of our reportable segments under Agilent's management reporting system which are not necessarily in conformity with GAAP financial measures. Income from operations of our reporting segments exclude, among other things, charges related to restructuring and other related costs, asset impairments, amortization of intangibles, transformational initiatives, acquisition and integration costs, business exit and divestiture costs, special compliance costs and change in fair value of contingent consideration.

Readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, GAAP financial measures. They should be read in conjunction with the GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.






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AGILENT TECHNOLOGIES, INC.
AGILENT CROSSLAB SEGMENT
(Unaudited)
No change. Included to show our business segments structure in its entirety.
(In millions, except margins data)FY23
Q1Q2Q3Q4Total
Revenue$381 $387 $396 $404 $1,568 
Gross margin %48.5 %47.0 %50.9 %50.4 %49.3 %
Research and development expenses$$$$$33 
Selling, general and administrative expenses$73 $71 $65 $67 $276 
Income from operations$103 $103 $129 $128 $463 
Operating margin %27.0 %26.6 %32.7 %31.7 %29.5 %
FY22
Q1Q2Q3Q4Total
Revenue$359 $353 $359 $381 $1,452 
Gross margin %47.5 %47.1 %47.0 %48.6 %47.6 %
Research and development expenses$$$$$32 
Selling, general and administrative expenses$72 $72 $72 $72 $288 
Income from operations$91 $87 $88 $104 $370 
Operating margin %25.2 %24.6 %24.6 %27.4 %25.5 %
FY21
Q1Q2Q3Q4Total
Revenue$331 $329 $343 $357 $1,360 
Gross margin %46.8 %45.3 %46.6 %48.3 %46.8 %
Research and development expenses$$$$$34 
Selling, general and administrative expenses$70 $72 $67 $70 $279 
Income from operations$76 $69 $84 $94 $323 
Operating margin %23.1 %21.0 %24.4 %26.3 %23.8 %

Income from operations reflect the results of our reportable segments under Agilent's management reporting system which are not necessarily in conformity with GAAP financial measures. Income from operations of our reporting segments exclude, among other things, charges related to restructuring and other related costs, asset impairments, amortization of intangibles, transformational initiatives, acquisition and integration costs, business exit and divestiture costs, special compliance costs and change in fair value of contingent consideration.

Readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, GAAP financial measures. They should be read in conjunction with the GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.
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