(2) Includes $355 million of income tax expense related to the tax impacts of certain measures of Swiss tax reform and $226 million of income tax expense related to increases to the valuation allowance for certain deferred tax assets, partially offset by a $31 million income tax benefit related to pre-separation tax matters and the termination of the tax sharing agreement with Tyco International and Covidien. RECONCILIATION OF FORWARD-LOOKING NON-GAAP FINANCIAL MEASURES, TO FORWARD-LOOKING GAAP FINANCIAL MEASURES, Adjusted diluted earnings per share from continuing operations (1). The following provides additional information regarding our non-GAAP financial measures: Free Cash Flow is defined as net cash provided by continuing operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. In addition, the extent to which COVID-19 will impact our business and our financial results will depend on future developments, which are highly uncertain and cannot be predicted. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. This release contains certain "forward-looking statements" within the meaning of the U.S. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. "Our global manufacturing strategy and acceleration of our cost reduction activities enabled us to meet our commitments to our customers as they continue to navigate the impacts of COVID-19. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Barron's also provides information on historical stock ratings, target … International stock quotes are delayed as per exchange requirements. While the markets remain uncertain, we do expect our first quarter of 2021 to be back to pre-COVID revenue levels and we expect an increase in profitability with year-over-year adjusted margin and EPS growth.". We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities: Provision for losses on accounts receivable and inventories. Please re-enter your TE.com login information. (2) Income tax expense related to the tax impacts of certain measures of Swiss tax reform. When a … Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Direct Line: 610-893-9435 Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities: Provision for losses on accounts receivable and inventories. Adjusted Other Income (Expense), Net – represents net other income (expense) (the most comparable GAAP financial measure) before special items including tax sharing income related to adjustments to prior period tax returns and other items, if any. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management's and the Board of Directors' discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP financial measure indicates. Private Securities Litigation Reform Act of 1995. ET. (2) Includes acquisition-related charges of $6 million and a write-off of spare parts of $17 million. Copyright 2019© FactSet Research Systems Inc. All rights reserved. Organic Net Sales Growth (Decline) is a useful measure of our performance because it excludes items that are not completely under management's control, such as the impact of changes in foreign currency exchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity. (2) Income tax expense related to the tax impacts of certain measures of Swiss tax reform. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. TE Connectivity This measure is a significant component in our incentive compensation plans. Certain special items, including net payments related to pre-separation tax matters and cash paid (collected) pursuant to collateral requirements related to cross-currency swap contracts, are also excluded by management in evaluating Free Cash Flow. (1) Organic net sales growth (decline) is a non-GAAP financial measure. More detailed information about these and other factors is set forth in TE Connectivity Ltd.'s Annual Report on Form 10-K for the fiscal year ended Sept. 27, 2019 as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

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