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

AGILENT TECHNOLOGIES, INC.
LIFE SCIENCES AND APPLIED MARKETS SEGMENT
(Unaudited)
All periods below were revised to reflect the movement of the chemistries and supplies business and remarketed instruments business from our Agilent CrossLab business segment to our Life Sciences and Applied Markets business segment and the movement of service revenue and cost of sales related to the acquisition of BioTek from our Life Sciences and Applied Markets business segment to our Agilent CrossLab business segment.
(In millions, except margins data)FY21
Q1Q2Q3Q4Total
Revenue$923 $881 $897 $962 $3,663 
Gross margin %60.3 %59.9 %60.4 %59.9 %60.2 %
Research and development expenses$65 $69 $67 $71 $272 
Selling, general and administrative expenses$227 $233 $225 $230 $915 
Income from operations$265 $226 $250 $276 $1,017 
Operating margin %28.6 %25.7 %27.9 %28.7 %27.8 %
FY20
Q1Q2Q3Q4Total
Revenue$816 $701 $733 $865 $3,115 
Gross margin %60.4 %59.0 %59.7 %59.2 %59.6 %
Research and development expenses$62 $59 $59 $64 $244 
Selling, general and administrative expenses$215 $196 $192 $217 $820 
Income from operations$215 $159 $187 $231 $792 
Operating margin %26.4 %22.7 %25.5 %26.7 %25.4 %
FY19
Q1Q2Q3Q4Total
Revenue$785 $710 $729 $803 $3,027 
Gross margin %61.5 %60.3 %60.5 %60.6 %60.7 %
Research and development expenses$63 $60 $60 $61 $244 
Selling, general and administrative expenses$206 $203 $203 $208 $820 
Income from operations$214 $165 $178 $218 $775 
Operating margin %27.3 %23.2 %24.5 %27.2 %25.6 %

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 asset impairments, amortization of intangibles, transformational initiatives, acquisition and integration costs, change in fair value of contingent consideration, business exit and divestiture costs and special compliance costs.

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)
No change. Included to show our business segments structure in its entirety.
(In millions, except margins data)FY21
Q1Q2Q3Q4Total
Revenue$294 $315 $346 $341 $1,296 
Gross margin %51.6 %53.4 %53.5 %52.5 %52.8 %
Research and development expenses$29 $30 $33 $36 $128 
Selling, general and administrative expenses$68 $69 $74 $72 $283 
Income from operations$55 $69 $78 $71 $273 
Operating margin %18.6 %21.9 %22.6 %20.8 %21.0 %
FY20
Q1Q2Q3Q4Total
Revenue$249 $263 $241 $294 $1,047 
Gross margin %51.7 %55.1 %49.8 %50.9 %51.9 %
Research and development expenses$32 $30 $24 $28 $114 
Selling, general and administrative expenses$63 $58 $55 $62 $238 
Income from operations$34 $57 $41 $60 $192 
Operating margin %13.5 %21.6 %17.2 %20.3 %18.3 %
FY19
Q1Q2Q3Q4Total
Revenue$235 $254 $263 $269 $1,021 
Gross margin %54.0 %54.8 %55.7 %54.0 %54.7 %
Research and development expenses$31 $29 $33 $32 $125 
Selling, general and administrative expenses$63 $61 $64 $60 $248 
Income from operations$33 $49 $50 $53 $185 
Operating margin %14.0 %19.3 %19.1 %19.7 %18.2 %

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 asset impairments, amortization of intangibles, transformational initiatives, acquisition and integration costs, change in fair value of contingent consideration, business exit and divestiture costs, NASD site costs and special compliance costs.

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)
All periods below were revised to reflect the movement of the chemistries and supplies business and remarketed instruments business from our Agilent CrossLab business segment to our Life Sciences and Applied Markets business segment and the movement of service revenue and cost of sales related to the acquisition of BioTek from our Life Sciences and Applied Markets business segment to our Agilent CrossLab business segment.
(In millions, except margins data)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$$$$$34 
Selling, general and administrative expenses$70 $72 $67 $70 $279 
Income from operations$76 $69 $84 $94 $323 
Operating margin %23.1 %21.0 %24.4 %26.3 %23.8 %
FY20
Q1Q2Q3Q4Total
Revenue$292 $274 $287 $324 $1,177 
Gross margin %46.2 %46.4 %47.6 %47.3 %46.9 %
Research and development expenses$$$$$33 
Selling, general and administrative expenses$65 $58 $58 $66 $247 
Income from operations$62 $61 $71 $78 $272 
Operating margin %21.1 %22.3 %24.7 %24.2 %23.1 %
FY19
Q1Q2Q3Q4Total
Revenue$264 $274 $282 $295 $1,115 
Gross margin %45.7 %46.1 %46.5 %47.8 %46.6 %
Research and development expenses$$$$$30 
Selling, general and administrative expenses$63 $61 $62 $61 $247 
Income from operations$50 $57 $62 $73 $242 
Operating margin %19.0 %20.9 %21.8 %24.6 %21.7 %

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 asset impairments, amortization of intangibles, transformational initiatives, acquisition and integration costs, change in fair value of contingent consideration, business exit and divestiture costs and special compliance costs.

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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