EX-99.1 6 a06-21543_1ex99d1.htm EX-99

Exhibit 99.1

CIBER, Inc. and Subsidiaries

Reconciliation of Non-GAAP Financial Measures

(Dollars in thousands)

(Unaudited)

The Company reports its financial results in accordance with generally accepted accounting principles (“GAAP”).  However, management believes that certain non-GAAP financial measures used in managing the Company’s business may provide users of this financial information with additional meaningful comparisons between current results and prior reported results.  Certain of the information set forth in this Quarterly Report on Form 10-Q constitutes non-GAAP financial measures within the meaning of Regulation G adopted by the Securities and Exchange Commission.  We have presented below a reconciliation of these measures to the most directly comparable GAAP financial measure.  The presentation of this additional information is not meant to be considered in isolation or as a substitute for comparable amounts determined in accordance with GAAP in the United States.

Organic Revenue Growth

Organic revenue growth is a useful measure of the Company’s performance because it excludes items that: 1) are not completely under management’s control, such as the impact of foreign currency exchange; or 2) do not reflect the underlying growth of the Company, such as acquisition and divestiture activity.  The limitation of this measure is that it excludes items that have an impact on the Company’s revenue.  This limitation is best addressed by using organic revenue growth in combination with the GAAP numbers.

The following tables reconcile 2006 organic revenue growth for the three months ended September 30, 2006 by segment to the most comparable GAAP measure, reported revenue growth by segment.

 

Commercial Solutions

 

Federal Government Solutions

 

 

 

Q3 2005

 

Q3 2006

 

%
Change

 

Q3 2005

 

Q3 2006

 

%
Change

 

GAAP total revenue

 

$

90,182

 

$

87,412

 

(3.1

)%

$

39,563

 

$

34,626

 

(12.5

)%

Less: Divestiture activity

 

(3,926

)

 

 

 

 

 

 

 

Less: Acquisition activity

 

 

(500

)

 

 

 

 

 

 

Organic total revenue

 

$

86,256

 

$

86,912

 

0.8

%

$

39,563

 

$

34,626

 

(12.5

)%

 

 

State & Local Govt. Solutions

 

Package Solutions

 

 

 

Q3 2005

 

Q3 2006

 

%
Change

 

Q3 2005

 

Q3 2006

 

%
Change

 

GAAP total revenue

 

$

31,971

 

$

36,872

 

15.3

%

$

25,145

 

$

28,601

 

13.7

%

Less: Divestiture activity

 

 

 

 

 

 

 

 

 

Less: Acquisition activity

 

 

 

 

 

 

 

 

 

Organic total revenue

 

$

31,971

 

$

36,872

 

15.3

%

$

25,145

 

$

28,601

 

13.7

%

 

 

European Operations

 

CIBER Consolidated

 

 

 


Q3 2005

 

Q3 2006

 

%
Change

 

Q3 2005

 

Q3 2006

 

%
Change

 

GAAP total revenue

 

$

51,222

 

$

59,761

 

16.7

%

$

237,385

 

$

246,618

 

3.9

%

Less: Effect of foreign currency translation

 

 

(2,423

)

 

 

 

(2,423

)

 

 

Less: Divestiture activity

 

 

 

 

 

(3,926

)

 

 

 

Less: Acquisition activity

 

 

(1,000

)

 

 

 

(1,500

)

 

 

Organic total revenue

 

$

51,222

 

$

56,338

 

10.0

%

$

233,459

 

$

242,695

 

4.0

%

 




The following tables reconcile 2006 organic revenue growth for the nine months ended September 30, 2006 by segment to the most comparable GAAP measure, reported revenue growth by segment.

 

Commercial Solutions

 

Federal Government Solutions

 

 

 

YTD
2005

 

YTD
2006

 

%
Change

 

YTD
2005

 

YTD
2006

 

%
Change

 

GAAP total revenue

 

$

267,178

 

$

267,091

 

0.0

%

$

123,495

 

$

105,778

 

(14.3

)%

Less: Divestiture activity

 

(16,687

)

 

 

 

 

 

 

 

Less: Acquisition activity

 

 

(1,500

)

 

 

 

 

 

 

Organic total revenue

 

$

250,491

 

$

265,591

 

6.0

%

$

123,495

 

$

105,778

 

(14.3

)%

 

 

State & Local Govt. Solutions

 

Package Solutions

 

 

 

YTD
2005

 

YTD
2006

 

%
Change

 

YTD
2005

 

YTD
2006

 

%
Change

 

GAAP total revenue

 

$

93,928

 

$

105,923

 

12.8

%

$

76,396

 

$

87,498

 

14.5

%

Less: Divestiture activity

 

 

 

 

 

 

 

 

 

Less: Acquisition activity

 

 

 

 

 

 

 

 

 

Organic total revenue

 

$

93,928

 

$

105,923

 

12.8

%

$

76,396

 

$

87,498

 

14.5

%

 

 

European Operations

 

CIBER Consolidated

 

 

 

YTD
2005

 

YTD
2006

 

%
Change

 

YTD
2005

 

YTD
2006

 

%
Change

 

GAAP total revenue

 

$

158,723

 

$

174,073

 

9.7

%

$

717,905

 

$

738,329

 

2.8

%

Add: Effect of foreign currency translation

 

 

2,834

 

 

 

 

2,834

 

 

 

Less: Divestiture activity

 

 

 

 

 

(16,687

)

 

 

 

Less: Acquisition activity

 

 

(2,000

)

 

 

 

(3,500

)

 

 

Organic total revenue

 

$

158,723

 

$

174,907

 

10.2

%

$

701,218

 

$

737,663

 

5.2

%