October Upside Ranks
Qualitative relative target-touch selections · Not calibrated probabilities
Dated prices · targets are price touches, not forecasts · exact ranks are editorial judgments.
Grade legend, dates & research limits
Completed editorial grades · assessed October 6. Business = demonstrated commercial traction. Catalyst = clarity and timing of the next important test, not success odds. Target path = how demanding this list’s target is. These grades use the same rubric for all selected names; they are not native financial-model grades or statistical probabilities.
A strong / direct · B supported but conditional · C speculative or major gaps · D exceptional leap / weak bridge. A strong catalyst can fail. A fivefold target can have a D path even in a top-ranked moonshot.
Exact grading benchmarks & evidence dates
Business
How far the business inflection is demonstrated today, not source completeness.
- A — Broad, realized commercial growth or earnings; not just a plan.
- B — Real but early, concentrated or mixed operating traction.
- C — Primarily clinical/development or capacity optionality; limited realized economics.
- D — Retained facts undermine the proposed business inflection.
Catalyst
Specificity, observability and timing of a thesis-changing test inside the original window, not its chance of success.
- A — A scheduled or explicitly windowed material readout, launch or commercial ramp; repeated hard operating tests may qualify.
- B — Concrete delivery, orders or earnings tests, but diffuse timing or less discrete thesis change.
- C — A real milestone with important acceptance/economics/timing gaps.
- D — No supported material in-window test.
Target path
Burden of reaching THIS tier target from the dated baseline; not an absolute odds estimate.
- A — Comparatively direct earnings/recognition bridge in retained evidence; still conditional.
- B — Recognizable bridge, but meaningful premium, execution or share-claim sensitivity.
- C — Speculative extension or binary rerating beyond established economics; small-base elasticity is not a forecast.
- D — Exceptional leap far beyond retained cases, with major scale/valuation/financing obstacles.
No bell curve, numeric weights, A+ grades, probability conversion or grade-based reranking. Same rubric for incumbents and additions; target-path grades vary by tier. A catalyst can fail. No synchronized chart grading because technical coverage is not comparable across all 19.
Assessment October 6 of retained evidence, not an October 6 source refresh. Baseline October 1; existing remaining touch window October 4, 2026 to exclusive October 1, 2027. Original source cutoff October 3; additions retrieved October 4; Bloom narrative retrieved October 5 UTC. Original publication dates remain attached to sources.
Original conservative research grades remain in each full story. Partial financial underwriting remains partial: completed qualitative grades do not certify current cash, target dilution, clinical efficacy or funded forecasts. No chart grade is invented from unmatched technical snapshots.
Targets use October 1, 2026 baseline quotes, which are not live prices. The price-touch window is October 4, 2026 to exclusive October 1, 2027, not the price at expiry. Exact ordinal differences are low-confidence editorial judgments; absolute likelihood may be low.
Original financial source cutoff: October 3, 2026, 07:14:12.687379 UTC. Biotech sources retrieved October 4 with original publication dates retained. Bloom’s power and policy narrative reviewed October 4 ET (sources retrieved October 5 UTC). Publication does not clear research or model limitations. No calibrated odds.
COHR · Coherent Corp.
2x Conviction · #55x Moonshots · #8Oct1 baseline: USD 319.19. Original frozen quote retained.
The investment story
Thesis
More data-center optical shipments and added production capacity could lift sales as AI networks need faster connections.
What could move the stock
More data-center optical shipments and added production capacity could lift sales as AI networks need faster connections.
Next catalyst
Capacity expansion and planned revenue from newer optical-network products.
Major risk
Investment costs, inventory and cash needs could grow faster than profits.
Editorial grades · October 6 assessment
Same rubric for every selected company. Business is demonstrated traction; Catalyst is the timing and clarity of a test, not its chance of success. Target path changes with the target burden.
2x Conviction
Business · A
Reported data-center optical shipments establish commercial scale, not merely installed capacity.
Catalyst · A
Expected capacity doubling by end-2026 and newer optical revenue in second-half 2026 give near-window operating milestones.
Target path · C
Strong optical shipments help, but doubling depends on premium retention beyond lower-multiple operating cases.
Strongest countercase
Inventory, capex and a large valuation premium can consume the growth benefit.
Confidence & coverage
Low for target touch and adjacent ordering; moderate for the descriptive assessment of retained facts. Retained native financial and source detail preserved; existing holds and sensitivities still apply.
5x Moonshots
Business · A
Reported data-center optical shipments establish commercial scale, not merely installed capacity.
Catalyst · A
Expected capacity doubling by end-2026 and newer optical revenue in second-half 2026 give near-window operating milestones.
Target path · D
Commercial scale helps credibility but raises the fivefold burden: earnings must exceed the retained envelope or valuation become extreme.
Strongest countercase
Inventory, capex and a large valuation premium can consume the growth benefit.
Confidence & coverage
Low for target touch and adjacent ordering; moderate for the descriptive assessment of retained facts. Retained native financial and source detail preserved; existing holds and sensitivities still apply.
Grade evidence & preserved research grades
Editorial reader v2 is separate from native financial certification. The original conservative evidence/path grades below have not been upgraded or overwritten.
2x Conviction original research grades
Evidence: B; operating pathway: C; feasibility: stretch.
5x Moonshots original research grades
Evidence: B; operating pathway: C; feasibility: heroic.
- reportedEPSAnchor.reportedEPS
Published: 2026-08-14 · Retrieved: 2026-10-02T05:02:59.863960+00:00 - components.q1RevenueGuidanceUpper
Published: 2026-08-12 · Retrieved: 2026-10-02T04:55:02.474404+00:00 - components.InPYearEndTarget
Published: 2026-08-12 · Retrieved: 2026-10-02T04:55:02.474743+00:00
Detailed research, valuation assumptions & sources
Thesis
Actual Q4 datacenter/communications shipments $1.615B; issuer targets doubled internal InP by end 2026 and CPO/NPO H2 2026 revenue. NVIDIA-funded relationship is nonexclusive.
Independent economic outcome
{"35%": "WATCH: original40xnear-miss,42xconditionalnativecrossing but publiclowcash/downsidefails; cannotpromote", "2x": "WATCH under historicalnormalized129xretention only; selected42x route fails; no categoricalissuerreject", "5x": "No reviewed12monthroute within12Brecognizedrevenue/28%GAAPmargin policy; remains route-specific economicnonadmission, not physicalimpossibility"}
Expectations gap
No independently matched current consensus-baseline mispricing is asserted. Historical normalized multiple retention can support a double while 40/42x cases do not. Converted-structure 120.147x proxy must not be confused with historical preferred-common 128.536x. Strong shipping optics growth ranks above unproven deployment bets, with a substantial premium penalty.
Confidence and limitations
Source-backedrelativebusinesscomparison; exactadjacentorderandfutureprice realization uncertain. Lowabsolutechanceisnotanadmissionban. Moderate confidence in comparative commercial facts; low confidence in exact adjacent rank and future realization. Stock-wide label uses most cautious genuine parent tier judgment; per-membership judgments preserved.
- Qualitative editorial likelihood ordering only; no numeric probabilities, no mechanically calibrated source grade, no issuer future assurance. Adjacent order is low-confidence within the disclosed close-comparison bands.
- No calibrated absolute hit probabilities or independently matched current consensus baseline; relative ordering uses qualified evidence, not a measured expectations gap.
- Historical preferred-common multiple and converted-structure proxy differ; preferred EPS addback is not cash, additive PPE tail is not a pure rephase.
- Current claim/common-cash stress erodes narrow nominal crossing; positive nominal case is not robust under all retained bounds.
- Native schema/interface historical holds remain archived. Unresolved economic cash/current-capital/accounting facts lower confidence; absent adapter EPS/cashDate alone does not label issuer uninvestable.
- Existing NVIDIA $2B is already in stocks, not new upside cash. Low-opening-cash downside reserve floor negative $765.89M; conditional revolver recovery leaves $141.73M shortfall. Awards/inventory/capex matter; preferred EPS addback is not cash, and additive PPE tail is not pure rephasing.
Catalysts & disconfirmation
Actual Q4 datacenter/communications shipments $1.615B; issuer targets doubled internal InP by end 2026 and CPO/NPO H2 2026 revenue. NVIDIA-funded relationship is nonexclusive.
2026-10-01 to 2026-12-31; source-supported-operating-window; exact future announcement dates unverified · Retainedprimaryreportedcommercialfacts supportmechanism; forwardpaidrecognition/funding notguaranteed. BnotA; no automaticnative-score conversion. · Upgrade: Confirm paid recognized delivery and common-owner economics within the retained operating window, not merely capacity/backlog/pilot publicity. Requires the additional recognition, recurring-profit/multiple retention and funded common-claim outcomes stated in targetPath. Existing near-double or alternative cases are identified, never silently merged into original bull. · Cut: Failure of the retained paid-recognition or recurring-owner-economics path, multiple compression, delayed catalyst or additional cash/claim burden would invalidate this route. Existing NVIDIA $2B is already in stocks, not new upside cash. Low-opening-cash downside reserve floor negative $765.89M; conditional revolver recovery leaves $141.73M shortfall. Awards/inventory/capex matter; preferred EPS addback is not cash, and additive PPE tail is not pure rephasing.
Bear case
Failure of the retained paid-recognition or recurring-owner-economics path, multiple compression, delayed catalyst or additional cash/claim burden would invalidate this route. Existing NVIDIA $2B is already in stocks, not new upside cash. Low-opening-cash downside reserve floor negative $765.89M; conditional revolver recovery leaves $141.73M shortfall. Awards/inventory/capex matter; preferred EPS addback is not cash, and additive PPE tail is not pure rephasing.
Retained financial routes — not target odds
Original financial hypotheses remain unchanged. Native disposition, independent WATCH and current editorial selection are distinct.
COHR · Native watch-only / Independent ACCEPTED_EXACT_LABEL_V2_SCOPED_MEASUREMENT_BASIS_AND_CASHSTRESS_QUALIFICATIONS_NOT_RANK
Economic outcome
{"35%": "WATCH: original40xnear-miss,42xconditionalnativecrossing but publiclowcash/downsidefails; cannotpromote", "2x": "WATCH under historicalnormalized129xretention only; selected42x route fails; no categoricalissuerreject", "5x": "No reviewed12monthroute within12Brecognizedrevenue/28%GAAPmargin policy; remains route-specific economicnonadmission, not physicalimpossibility"}
Accounting and period
GAAP; actual/analyst-normalized classifications and source scope preserved individually · Exact original source measurement and forward cash windows; analysis/review dates separate · native/formula retained monetary units, no rescaling; per-field exact receipt unit used where provided
Unknown actual current stock/funding/recognition states remain conditional
Range/hypothesis underwriting and provided source review are separate from exact current stocks/fullmodel/native-schema completion; confirmation conditions and original qualifiers retained
Core measured historical financials — dates and attribution retained
Recognized revenue — original measurement period
7118181000 USD · actual · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
Dated measured ordinary shares — NOT current fully diluted
195832246 ordinary-shares · actual · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
Dated reported cash / marketable liquidity (scope below)
1987018000 USD · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q2 in route shared notes
debt
3271715000 USD · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q3 in route shared notes
operating Margin
0.12613629802332926 fraction · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q4 in route shared notes
current Ordinary Shares
195832246 ordinary-shares · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q5 in route shared notes
current Valuation Shares
202432246 ordinary-shares · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q6 in route shared notes
shares At
2026-08-10 text · not-applicable · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q7 in route shared notes
options Incremental Shares
6600000 ordinary-shares · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q8 in route shared notes
convertible Incremental Shares
0 ordinary-shares · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q9 in route shared notes
post Balance Cash Change
0 USD · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q10 in route shared notes
post Balance Debt Change
0 USD · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q11 in route shared notes
post Balance Other Cash Change
0 USD · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q12 in route shared notes
convertible Debt Removed
0 USD · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q13 in route shared notes
convertible Cash Settlement
0 USD · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q14 in route shared notes
ownership Liability
334705000 USD · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q15 in route shared notes
cash Ownership Fraction
1 fraction · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q16 in route shared notes
cash Nci Deduction
37000000 USD · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q17 in route shared notes
cash Jv Contribution
0 USD · assumption · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q18 in route shared notes
cash Ownership Reconciliation
COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. text · not-applicable · Qualification Q1 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q19 in route shared notes
Material Provided valuation
reported Amount
769896000 USD · assumption · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q21 in route shared notes
exclusions
-267202400 USD · assumption · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q22 in route shared notes
normalized Amount
502693600 USD · assumption · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q23 in route shared notes
ownership Fraction
1 fraction · assumption · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q24 in route shared notes
nci Deduction
0 USD · assumption · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q25 in route shared notes
jv Contribution
0 USD · assumption · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q26 in route shared notes
attributable Amount
502693600 USD · assumption · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q27 in route shared notes
annual Period
2025-07-01/2026-06-30 text · not-applicable · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q28 in route shared notes
reconciliation
COHR historical common769.896M; grouppretax847.733M minus124.133M disposal and73.998M investment sale gains, normalized20%tax rather than actual7.18%; retain18.114M NCI loss allocation and subtract35.102M historicalpreferred dividends. Result502.6936M common. Recurring restructuring/impairment/SBC/acquiredD&A retained; no adjustedEPS shortcut. Futurepreferred0 follows completedDecemberconversion, not retroactive historical addback. text · not-applicable · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q29 in route shared notes
sector
optical photonics hardware manufacturing text · not-applicable · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q30 in route shared notes
metric
P/normalizedEPS text · not-applicable · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q31 in route shared notes
model Fit
supported text · not-applicable · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q32 in route shared notes
equity Pricing Scope
owners-metric-all-assets-no-cash-delta text · not-applicable · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q33 in route shared notes
equity Pricing Rationale
COHR common ownerNI after interest/tax/outsideowners capitalized directly; no extra netcash added and no debt/NCI book subtraction twice. Gross liquid/debt/reserve still funding checks. text · not-applicable · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q34 in route shared notes
reference Multiple
42 x · assumption · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q35 in route shared notes
multiple Low
30 x · assumption · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q36 in route shared notes
multiple High
128.53624771622188 x · assumption · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q37 in route shared notes
justification
COHR HISTORICAL preferred-common normalized reference128.53624771622188x retains historical35.102Mpreferred cost after completedDecember2025conversion; NOT strictly like-for-like/no-preferred retention or forward consensus/fair value. Separate conditional converted-structure proxy537.7956M/202.432246Mclaims gives120.1466674x; no selected40/42x changes,2xconditionalretentionWATCH survives without approvedtier. is arithmetic, not fair value or consensus. Old40x near-miss not operatingrejection:42x crosses35% with210Mclaims; retaining historicalreference can cross2x, but depends on sustained recurring earnings and fundedexecution. Use compressioncases30/38/40 and42/50x alternatives; no invented peer ceiling. text · not-applicable · Qualification Q20 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q38 in route shared notes
Material Provided reportedEPSAnchor
reported Numerator
804998000 USD · actual · Qualification Q39 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
weighted Denominator
195387000 ordinary-shares · actual · Qualification Q39 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
Reported historical EPS — unsupported remains unknown
4.12 USD/ordinary-share · actual · Qualification Q39 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
annual Period
2025-07-01/2026-06-30 text · not-applicable · Qualification Q39 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Original FY2026 July1 through June30 annual fiscal period.
precision
2 count · assumption · Qualification Q39 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Printed diluted EPS has two decimal places, source rounded; no exact underlying EPS inferred.
income Attributable Common
769896000 USD · assumption · Qualification Q39 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Historical common769.896M + ZERO debt-coupon addback + SeriesB preferred dividend31.751M/deemed3.351M =804.998M. Preferred addback is NOT debt coupon and does NOT change cash or forward owner profit.
after Tax If Converted Coupon
0 USD · assumption · Qualification Q39 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Historical common769.896M + ZERO debt-coupon addback + SeriesB preferred dividend31.751M/deemed3.351M =804.998M. Preferred addback is NOT debt coupon and does NOT change cash or forward owner profit.
other Numerator Adjustments
35102000 USD · assumption · Qualification Q39 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Historical common769.896M + ZERO debt-coupon addback + SeriesB preferred dividend31.751M/deemed3.351M =804.998M. Preferred addback is NOT debt coupon and does NOT change cash or forward owner profit.
reconciliation
COHR Note19: 769896000+0+(31751000+3351000)=804998000; divided by195387000 rounds4.12. Preferred convertedDecember2025; annual if-converted weighting is not current dilution. text · not-applicable · Qualification Q39 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR explicitly conditional company-specific model input; dependencies reviewed, not issuer promise.
Material Provided publicStocks
shares At
2026-08-10 text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
current Valuation Shares
202432246 ordinary shares (explicit dated/weighted/analyst basis) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
common Cash
1950018000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
debt
3271715000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
ownership Liability
334705000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
classification
material-bounded text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
lower
195000000 ordinary shares (explicit dated/weighted/analyst basis) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
upper
212000000 ordinary shares (explicit dated/weighted/analyst basis) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
id
COHR:new:proof:bound-currentValuationShares text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
derived At
2026-10-03T02:58:04.544298+00:00 text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
rationale
COHR conditional195-212Mdefinedcurrentclaims:195.832246Mobservedordinary + fullJuneRSU/PSU/options5.181135M andmultiplePSUpayout/6.6Mquarterproxy; upper allows2x6.6M plusremaininggrants, not sourceexact. Special100MtargetPSU4yearvesting hasunknownunits, conditionno>2Madditional12mclaim-equivalents. Lower permitslimitedemployee cancellations. Breachrequiresnewreview. text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
0 — evidence
195000000 ordinary shares (explicit dated/weighted/analyst basis) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
1 — evidence
212000000 ordinary shares (explicit dated/weighted/analyst basis) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
classification
material-bounded text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
lower
650000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
upper
3000000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
id
COHR:new:proof:bound-commonCash text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
derived At
2026-10-03T02:58:04.544385+00:00 text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
rationale
COHR conditional June1.987018Bliquid less37Mtaxreserve toOct: lower650M conservatively covers100%FYnegativeFCF1.023395B plusemployee100M andcashtrapping/timing, nominal doesnotinventstubnetcash. Upper3B requiresconditionaluncommittedfacilitydraw/operatingimprovement within945Mnewfacility+664Mrevolverlimits, not observedfunding. Opening lower stressindividualstub: no positiveOCFcredited, pro-rataFYcapex278M plusfull371.779MAPaccelerated+AR/inventorybuffer500M/withholding25M/fees; bounds contingentnot guaranteed. text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
0 — evidence
650000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
1 — evidence
3000000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
classification
material-bounded text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
lower
3200000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
upper
4900000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
id
COHR:new:proof:bound-debt text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
derived At
2026-10-03T02:58:04.544469+00:00 text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
rationale
COHR principal3.257482B +14.233Mfinancelease; lowerlimited30Mrepayment, upper new945Mfacility+664Mrevolver once+fees/FX. Undrawnnotcash, coupledcash/debtbadcorner testsno automaticborrowproceeds. Operating316.21Mleases expensed/CFO not principalfinancialdebt. text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
0 — evidence
3200000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
1 — evidence
4900000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
classification
material-bounded text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
lower
300000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
upper
400000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
id
COHR:new:proof:bound-ownershipLiability text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
derived At
2026-10-03T02:58:04.544553+00:00 text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
rationale
COHR334.705MoutsideSiCbookclaim, conditional300-400Mvaluation/FXenvelope; ownersNIallocationseparate. Restricted604MSiCcash excludedcompletely, not25%haircutwholegroup. No disclosedredemption treatedasactualpayment. text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
0 — evidence
300000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
1 — evidence
400000000 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
minimum Cash
534128500 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
id
COHR:new:proof:liquidity-downside text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
derived At
2026-10-03T02:58:04.544568+00:00 text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
rationale
COHR independentlyconstructedfourquartercashminimumafter185.8895Mtimingreserve; cashincludesno futurefacilitydrawor restrictedcash. Conditionalfloor not observedbank. text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
0 — evidence
534128500 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
minimum Cash
1248128500 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
id
COHR:new:proof:liquidity-base text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
derived At
2026-10-03T02:58:04.544584+00:00 text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
rationale
COHR independentlyconstructedfourquartercashminimumafter185.8895Mtimingreserve; cashincludesno futurefacilitydrawor restrictedcash. Conditionalfloor not observedbank. text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
0 — evidence
1248128500 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
minimum Cash
1469128500 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
id
COHR:new:proof:liquidity-bull text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
derived At
2026-10-03T02:58:04.544599+00:00 text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
rationale
COHR independentlyconstructedfourquartercashminimumafter185.8895Mtimingreserve; cashincludesno futurefacilitydrawor restrictedcash. Conditionalfloor not observedbank. text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
0 — evidence
1469128500 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
id
COHR:new:proof:allassetsNI-no-doublecount text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
derived At
2026-10-03T02:58:04.544671+00:00 text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
rationale
CommonNIallassetsequityPEvaluation; cash/debt/claimsstillfundingrisk. text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
0 — evidence
0 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
1 — evidence
0 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
2 — evidence
0 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
kind
analyst-assumption text · not-applicable · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
hypothetical
true boolean · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
common Cash
0 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
debt
0 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
ownership Liability
0 USD (original native monetary scale) · assumption · Qualification Q40 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
Material boundedLabelQualification
preferred Dividend Semantics
31.751M accounting diluted-EPS dividend addback;11.438M actualcashdividends;3.351Mnoncashdeemed. Correct804.998M/195.387M remains. Legacy sourcepath intentionally retained with explicit semanticannotation throughout dependency copies. text · not-applicable · Qualification Q41 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
cash Tail Qualification
Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. text · not-applicable · Qualification Q41 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
normalized Common NIUSD
537795600 USD (original native monetary scale) · derived · Qualification Q41 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
claim Proxy Shares
202432246 ordinary shares (explicit dated/weighted/analyst basis) · derived · Qualification Q41 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
reference Multiple Approx
120.1466674 valuation multiple x · derived · Qualification Q41 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
original Historical Preferred Common NIUSD
502693600 USD (original native monetary scale) · derived · Qualification Q41 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
historical Preferred Cost USD
35102000 USD (original native monetary scale) · derived · Qualification Q41 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
historical Reference Multiple
128.53624771622188 valuation multiple x · derived · Qualification Q41 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
selected42 Valuation Unchanged
true boolean · derived · Qualification Q41 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
upper Gross Claims
Conservative foregone withholding-credit claim equivalent allowance, not physically delivered/current October sharecount;Aug10FDproxy202.432246M is not exact October stocks. text · not-applicable · Qualification Q41 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
Material historicalNormalizedReferenceMultiple
historical Normalized Reference Multiple
128.53624771622188 valuation multiple x · assumption · Qualification Q42 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
Bounded source/proof detail — exact archive, NOT financial assumptions
full Archive
[internal evidence reference] artifact path · not-applicable · Qualification Q43 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
full Archive SHA
1900d87c2fa2ab79b937fa9292636486e5e4f5dc6563f1428e5fb468080e4b73 SHA256 · not-applicable · Qualification Q44 below. Historical source context only; exact immutable field-origin/proof mapping retained. ·
Shared financial qualifications — exact scopes/formulas, not numeric assumptions
Qualification Q1 — exact field scope
Exact retained native financials inputs. Review/source time, monetary/share basis and uncertainty are original. Typed native bookkeeping is NOT source truth or all-model-resolution certification. Original measurement {'start': '2025-07-01', 'end': '2026-06-30', 'basis': 'original retained financial measurement; native stock/share dates separately stated'}; dated balance/share values NOT quote-day cap-table guarantees. scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Formula qualification Q2
Formula for native.financials.cash: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q3
Formula for native.financials.debt: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q4
Formula for native.financials.operatingMargin: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q5
Formula for native.financials.currentOrdinaryShares: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q6
Formula for native.financials.currentValuationShares: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q7
Formula for native.financials.sharesAt: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q8
Formula for native.financials.optionsIncrementalShares: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q9
Formula for native.financials.convertibleIncrementalShares: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q10
Formula for native.financials.postBalanceCashChange: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q11
Formula for native.financials.postBalanceDebtChange: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q12
Formula for native.financials.postBalanceOtherCashChange: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q13
Formula for native.financials.convertibleDebtRemoved: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q14
Formula for native.financials.convertibleCashSettlement: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q15
Formula for native.financials.ownershipLiability: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q16
Formula for native.financials.cashOwnershipFraction: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q17
Formula for native.financials.cashNciDeduction: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q18
Formula for native.financials.cashJvContribution: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q19
Formula for native.financials.cashOwnershipReconciliation: COHR latest June bank1.162018B plus825M time deposits; exclude606.378M restricted, including604M SiC cash. Parent ownership75% of SiC is NOT whole-group75%. Exclude37M repatriation-tax buffer by cashNciDeduction (liquidity reserve, not actual NCI). August945M facility is undrawnAugust14, not cash; all possible later use separately bounded. Known no additional confirmed aggregate transaction is not zero business flow. NVIDIA March2B/7.788161M and Decemberpreferred30.1M already in measured June/August stocks, never replayed. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Qualification Q20 — exact field scope
Exact retained native valuation inputs. Review/source time, monetary/share basis and uncertainty are original. Typed native bookkeeping is NOT source truth or all-model-resolution certification. scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Formula qualification Q21
Formula for native.valuation.sectorBridge.reportedAmount: COHR historical common769.896M; grouppretax847.733M minus124.133M disposal and73.998M investment sale gains, normalized20%tax rather than actual7.18%; retain18.114M NCI loss allocation and subtract35.102M historicalpreferred dividends. Result502.6936M common. Recurring restructuring/impairment/SBC/acquiredD&A retained; no adjustedEPS shortcut. Futurepreferred0 follows completedDecemberconversion, not retroactive historical addback. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q22
Formula for native.valuation.sectorBridge.exclusions: COHR historical common769.896M; grouppretax847.733M minus124.133M disposal and73.998M investment sale gains, normalized20%tax rather than actual7.18%; retain18.114M NCI loss allocation and subtract35.102M historicalpreferred dividends. Result502.6936M common. Recurring restructuring/impairment/SBC/acquiredD&A retained; no adjustedEPS shortcut. Futurepreferred0 follows completedDecemberconversion, not retroactive historical addback. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q23
Formula for native.valuation.sectorBridge.normalizedAmount: COHR historical common769.896M; grouppretax847.733M minus124.133M disposal and73.998M investment sale gains, normalized20%tax rather than actual7.18%; retain18.114M NCI loss allocation and subtract35.102M historicalpreferred dividends. Result502.6936M common. Recurring restructuring/impairment/SBC/acquiredD&A retained; no adjustedEPS shortcut. Futurepreferred0 follows completedDecemberconversion, not retroactive historical addback. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q24
Formula for native.valuation.sectorBridge.ownershipFraction: COHR historical common769.896M; grouppretax847.733M minus124.133M disposal and73.998M investment sale gains, normalized20%tax rather than actual7.18%; retain18.114M NCI loss allocation and subtract35.102M historicalpreferred dividends. Result502.6936M common. Recurring restructuring/impairment/SBC/acquiredD&A retained; no adjustedEPS shortcut. Futurepreferred0 follows completedDecemberconversion, not retroactive historical addback. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q25
Formula for native.valuation.sectorBridge.nciDeduction: COHR historical common769.896M; grouppretax847.733M minus124.133M disposal and73.998M investment sale gains, normalized20%tax rather than actual7.18%; retain18.114M NCI loss allocation and subtract35.102M historicalpreferred dividends. Result502.6936M common. Recurring restructuring/impairment/SBC/acquiredD&A retained; no adjustedEPS shortcut. Futurepreferred0 follows completedDecemberconversion, not retroactive historical addback. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q26
Formula for native.valuation.sectorBridge.jvContribution: COHR historical common769.896M; grouppretax847.733M minus124.133M disposal and73.998M investment sale gains, normalized20%tax rather than actual7.18%; retain18.114M NCI loss allocation and subtract35.102M historicalpreferred dividends. Result502.6936M common. Recurring restructuring/impairment/SBC/acquiredD&A retained; no adjustedEPS shortcut. Futurepreferred0 follows completedDecemberconversion, not retroactive historical addback. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q27
Formula for native.valuation.sectorBridge.attributableAmount: COHR historical common769.896M; grouppretax847.733M minus124.133M disposal and73.998M investment sale gains, normalized20%tax rather than actual7.18%; retain18.114M NCI loss allocation and subtract35.102M historicalpreferred dividends. Result502.6936M common. Recurring restructuring/impairment/SBC/acquiredD&A retained; no adjustedEPS shortcut. Futurepreferred0 follows completedDecemberconversion, not retroactive historical addback. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q28
Formula for native.valuation.sectorBridge.annualPeriod: COHR historical common769.896M; grouppretax847.733M minus124.133M disposal and73.998M investment sale gains, normalized20%tax rather than actual7.18%; retain18.114M NCI loss allocation and subtract35.102M historicalpreferred dividends. Result502.6936M common. Recurring restructuring/impairment/SBC/acquiredD&A retained; no adjustedEPS shortcut. Futurepreferred0 follows completedDecemberconversion, not retroactive historical addback. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q29
Formula for native.valuation.sectorBridge.reconciliation: COHR historical common769.896M; grouppretax847.733M minus124.133M disposal and73.998M investment sale gains, normalized20%tax rather than actual7.18%; retain18.114M NCI loss allocation and subtract35.102M historicalpreferred dividends. Result502.6936M common. Recurring restructuring/impairment/SBC/acquiredD&A retained; no adjustedEPS shortcut. Futurepreferred0 follows completedDecemberconversion, not retroactive historical addback. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q30
Formula for native.valuation.sector: COHR HISTORICAL preferred-common normalized reference128.53624771622188x retains historical35.102Mpreferred cost after completedDecember2025conversion; NOT strictly like-for-like/no-preferred retention or forward consensus/fair value. Separate conditional converted-structure proxy537.7956M/202.432246Mclaims gives120.1466674x; no selected40/42x changes,2xconditionalretentionWATCH survives without approvedtier. is arithmetic, not fair value or consensus. Old40x near-miss not operatingrejection:42x crosses35% with210Mclaims; retaining historicalreference can cross2x, but depends on sustained recurring earnings and fundedexecution. Use compressioncases30/38/40 and42/50x alternatives; no invented peer ceiling. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q31
Formula for native.valuation.metric: COHR HISTORICAL preferred-common normalized reference128.53624771622188x retains historical35.102Mpreferred cost after completedDecember2025conversion; NOT strictly like-for-like/no-preferred retention or forward consensus/fair value. Separate conditional converted-structure proxy537.7956M/202.432246Mclaims gives120.1466674x; no selected40/42x changes,2xconditionalretentionWATCH survives without approvedtier. is arithmetic, not fair value or consensus. Old40x near-miss not operatingrejection:42x crosses35% with210Mclaims; retaining historicalreference can cross2x, but depends on sustained recurring earnings and fundedexecution. Use compressioncases30/38/40 and42/50x alternatives; no invented peer ceiling. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q32
Formula for native.valuation.modelFit: COHR HISTORICAL preferred-common normalized reference128.53624771622188x retains historical35.102Mpreferred cost after completedDecember2025conversion; NOT strictly like-for-like/no-preferred retention or forward consensus/fair value. Separate conditional converted-structure proxy537.7956M/202.432246Mclaims gives120.1466674x; no selected40/42x changes,2xconditionalretentionWATCH survives without approvedtier. is arithmetic, not fair value or consensus. Old40x near-miss not operatingrejection:42x crosses35% with210Mclaims; retaining historicalreference can cross2x, but depends on sustained recurring earnings and fundedexecution. Use compressioncases30/38/40 and42/50x alternatives; no invented peer ceiling. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q33
Formula for native.valuation.equityPricingScope: COHR HISTORICAL preferred-common normalized reference128.53624771622188x retains historical35.102Mpreferred cost after completedDecember2025conversion; NOT strictly like-for-like/no-preferred retention or forward consensus/fair value. Separate conditional converted-structure proxy537.7956M/202.432246Mclaims gives120.1466674x; no selected40/42x changes,2xconditionalretentionWATCH survives without approvedtier. is arithmetic, not fair value or consensus. Old40x near-miss not operatingrejection:42x crosses35% with210Mclaims; retaining historicalreference can cross2x, but depends on sustained recurring earnings and fundedexecution. Use compressioncases30/38/40 and42/50x alternatives; no invented peer ceiling. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q34
Formula for native.valuation.equityPricingRationale: COHR HISTORICAL preferred-common normalized reference128.53624771622188x retains historical35.102Mpreferred cost after completedDecember2025conversion; NOT strictly like-for-like/no-preferred retention or forward consensus/fair value. Separate conditional converted-structure proxy537.7956M/202.432246Mclaims gives120.1466674x; no selected40/42x changes,2xconditionalretentionWATCH survives without approvedtier. is arithmetic, not fair value or consensus. Old40x near-miss not operatingrejection:42x crosses35% with210Mclaims; retaining historicalreference can cross2x, but depends on sustained recurring earnings and fundedexecution. Use compressioncases30/38/40 and42/50x alternatives; no invented peer ceiling. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q35
Formula for native.valuation.referenceMultiple: COHR near-miss42 analyst-selected common-owner earnings valuation policy: 42x. This is not issuer/peer guidance or historical actual P/E; HISTORICAL preferred-common normalized reference128.53624771622188x retains historical35.102Mpreferred cost after completedDecember2025conversion; NOT strictly like-for-like/no-preferred retention or forward consensus/fair value. Separate conditional converted-structure proxy537.7956M/202.432246Mclaims gives120.1466674x; no selected40/42x changes,2xconditionalretentionWATCH survives without approvedtier. and native currentImpliedMultiple independently recomputes it. Uniform policy used by native operating scenarios; preserves originaltriagecase30/38/40 separately. Forty misses35%narrowly;42isconditionalcountercase, not unsupported-publish excuse. All operating,cash,NI,dilutioninputs unchanged. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q36
Formula for native.valuation.multipleLow: COHR HISTORICAL preferred-common normalized reference128.53624771622188x retains historical35.102Mpreferred cost after completedDecember2025conversion; NOT strictly like-for-like/no-preferred retention or forward consensus/fair value. Separate conditional converted-structure proxy537.7956M/202.432246Mclaims gives120.1466674x; no selected40/42x changes,2xconditionalretentionWATCH survives without approvedtier. is arithmetic, not fair value or consensus. Old40x near-miss not operatingrejection:42x crosses35% with210Mclaims; retaining historicalreference can cross2x, but depends on sustained recurring earnings and fundedexecution. Use compressioncases30/38/40 and42/50x alternatives; no invented peer ceiling. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q37
Formula for native.valuation.multipleHigh: COHR HISTORICAL preferred-common normalized reference128.53624771622188x retains historical35.102Mpreferred cost after completedDecember2025conversion; NOT strictly like-for-like/no-preferred retention or forward consensus/fair value. Separate conditional converted-structure proxy537.7956M/202.432246Mclaims gives120.1466674x; no selected40/42x changes,2xconditionalretentionWATCH survives without approvedtier. is arithmetic, not fair value or consensus. Old40x near-miss not operatingrejection:42x crosses35% with210Mclaims; retaining historicalreference can cross2x, but depends on sustained recurring earnings and fundedexecution. Use compressioncases30/38/40 and42/50x alternatives; no invented peer ceiling. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q38
Formula for native.valuation.justification: COHR HISTORICAL preferred-common normalized reference128.53624771622188x retains historical35.102Mpreferred cost after completedDecember2025conversion; NOT strictly like-for-like/no-preferred retention or forward consensus/fair value. Separate conditional converted-structure proxy537.7956M/202.432246Mclaims gives120.1466674x; no selected40/42x changes,2xconditionalretentionWATCH survives without approvedtier. is arithmetic, not fair value or consensus. Old40x near-miss not operatingrejection:42x crosses35% with210Mclaims; retaining historicalreference can cross2x, but depends on sustained recurring earnings and fundedexecution. Use compressioncases30/38/40 and42/50x alternatives; no invented peer ceiling. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Qualification Q39 — exact field scope
Exact retained native reportedEPSAnchor inputs. Review/source time, monetary/share basis and uncertainty are original. Typed native bookkeeping is NOT source truth or all-model-resolution certification. scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Qualification Q40 — exact field scope
Exact retained native publicStocks inputs. Review/source time, monetary/share basis and uncertainty are original. Typed native bookkeeping is NOT source truth or all-model-resolution certification. scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Qualification Q41 — exact field scope
Exact retained boundedLabelQualification; pro-forma/conditional sensitivities are not forward consensus or issuer-certified dates/stocks/funding scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Qualification Q42 — exact field scope
Exact retained historicalNormalizedReferenceMultiple; pro-forma/conditional sensitivities are not forward consensus or issuer-certified dates/stocks/funding scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Qualification Q43 — exact field scope
Exact original route pointer /modelViews/13 scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Qualification Q44 — exact field scope
Hash equality is not semantic source proof scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Qualification Q45 — exact field scope
Exact provided downside12month assumptions/known source cutoffs, not four-times guidance or completed future recognition scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Formula qualification Q46
Formula for native.scenarios.downside.horizonMonths: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q47
Formula for native.scenarios.downside.revenueGrowth: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q48
Formula for native.scenarios.downside.operatingMargin: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q49
Formula for native.scenarios.downside.cashTaxes: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q50
Formula for native.scenarios.downside.noncashAdjustments: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q51
Formula for native.scenarios.downside.workingCapitalChange: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q52
Formula for native.scenarios.downside.cashInterest: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q53
Formula for native.scenarios.downside.otherOperatingCash: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q54
Formula for native.scenarios.downside.capex: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q55
Formula for native.scenarios.downside.financing: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q56
Formula for native.scenarios.downside.financingPrice: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q57
Formula for native.scenarios.downside.debtRaised: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q58
Formula for native.scenarios.downside.debtRepaid: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q59
Formula for native.scenarios.downside.dilution: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q60
Formula for native.scenarios.downside.runwayMonths: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q61
Formula for native.scenarios.downside.capacityRevenueCeiling: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q62
Formula for native.scenarios.downside.maxOperatingMargin: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q63
Formula for native.scenarios.downside.execution: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q64
Formula for native.scenarios.downside.terminalMultiple: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q65
Formula for native.scenarios.downside.drivers: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q66
Formula for native.scenarios.downside.cashPeriodStart: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q67
Formula for native.scenarios.downside.cashPeriodEnd: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q68
Formula for native.scenarios.downside.cashPeriodBasis: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q69
Formula for native.scenarios.downside.cashBridgeRationale: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q70
Formula for native.scenarios.downside.minimumCash: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Corrected3Mleasealreadyin30Mprincipal, no doublecount. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q71
Formula for native.scenarios.downside.fundingExecution: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q72
Formula for native.scenarios.downside.ownershipLiability: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q73
Formula for native.scenarios.downside.cashOwnershipFraction: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q74
Formula for native.scenarios.downside.cashNciDeduction: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q75
Formula for native.scenarios.downside.cashJvContribution: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q76
Formula for native.scenarios.downside.cashAttributionRationale: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q77
Formula for native.scenarios.downside.shareholderDistributions: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q78
Formula for native.scenarios.downside.cashDistributionRationale: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q79
Formula for native.scenarios.downside.metricRevenueCoefficient: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q80
Formula for native.scenarios.downside.metricConstant: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q81
Formula for native.scenarios.downside.metricCeiling: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q82
Formula for native.scenarios.downside.sectorBridgeRationale: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q83
Formula for native.scenarios.downside.sectorReportedAmount: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q84
Formula for native.scenarios.downside.sectorExclusions: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q85
Formula for native.scenarios.downside.sectorOwnershipFraction: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q86
Formula for native.scenarios.downside.sectorNciDeduction: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q87
Formula for native.scenarios.downside.sectorJvContribution: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q88
Formula for native.scenarios.downside.netShareChange: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q89
Formula for native.scenarios.downside.grossShareIssuance: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q90
Formula for native.scenarios.downside.shareRepurchaseShares: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q91
Formula for native.scenarios.downside.shareRepurchaseCash: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q92
Formula for native.scenarios.downside.acquisitionInvestingCash: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q93
Formula for native.scenarios.downside.jvInvestingCash: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q94
Formula for native.scenarios.downside.employeeEquityTaxWithholdingCash: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q95
Formula for native.scenarios.downside.capitalAllocationRationale: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q96
Formula for native.scenarios.downside.scenarioEconomicCashUses.equityInvestmentCash: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q97
Formula for native.scenarios.downside.scenarioEconomicCashUses.contingentSupportReserve: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q98
Formula for native.scenarios.downside.scenarioEconomicCashUses.financeLeasePrincipalCash: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q99
Formula for native.scenarios.downside.scenarioEconomicCashUses.leasePrincipalDebtTreatment: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q100
Formula for native.scenarios.downside.scenarioEconomicCashUses.openingFinanceLeaseDebtIncluded: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q101
Formula for native.scenarios.downside.scenarioEconomicCashUses.supportReserveBasis: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q102
Formula for native.scenarios.downside.scenarioEconomicCashUses.openingSupportReserveBalance: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q103
Formula for native.scenarios.downside.scenarioEconomicCashUses.quarterEquityInvestmentCash: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q104
Formula for native.scenarios.downside.scenarioEconomicCashUses.quarterFinanceLeasePrincipalCash: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q105
Formula for native.scenarios.downside.scenarioEconomicCashUses.quarterSupportReserveBalances: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q106
Formula for native.scenarios.downside.scenarioEconomicCashUses.quarterCashBeforeEconomicUses: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q107
Formula for native.scenarios.downside.scenarioEconomicCashUses.stressCfoCumulativeAllocation: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q108
Formula for native.scenarios.downside.scenarioEconomicCashUses.intraYearLiquidityTimingHaircut: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q109
Formula for native.scenarios.downside.scenarioEconomicCashUses.minimumCashBasis: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q110
Formula for native.scenarios.downside.scenarioEconomicCashUses.capitalAllocationRationale: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q111
Formula for native.scenarios.downside.scenarioEconomicCashUses.cashUsesTimingRationale: COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Qualification Q112 — exact field scope
Exact provided base12month assumptions/known source cutoffs, not four-times guidance or completed future recognition scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Formula qualification Q113
Formula for native.scenarios.base.horizonMonths: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q114
Formula for native.scenarios.base.revenueGrowth: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q115
Formula for native.scenarios.base.operatingMargin: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q116
Formula for native.scenarios.base.cashTaxes: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q117
Formula for native.scenarios.base.noncashAdjustments: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q118
Formula for native.scenarios.base.workingCapitalChange: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q119
Formula for native.scenarios.base.cashInterest: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q120
Formula for native.scenarios.base.otherOperatingCash: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q121
Formula for native.scenarios.base.capex: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q122
Formula for native.scenarios.base.financing: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q123
Formula for native.scenarios.base.financingPrice: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q124
Formula for native.scenarios.base.debtRaised: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q125
Formula for native.scenarios.base.debtRepaid: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q126
Formula for native.scenarios.base.dilution: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q127
Formula for native.scenarios.base.runwayMonths: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q128
Formula for native.scenarios.base.capacityRevenueCeiling: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q129
Formula for native.scenarios.base.maxOperatingMargin: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q130
Formula for native.scenarios.base.execution: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q131
Formula for native.scenarios.base.terminalMultiple: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q132
Formula for native.scenarios.base.drivers: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q133
Formula for native.scenarios.base.cashPeriodStart: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q134
Formula for native.scenarios.base.cashPeriodEnd: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q135
Formula for native.scenarios.base.cashPeriodBasis: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q136
Formula for native.scenarios.base.cashBridgeRationale: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q137
Formula for native.scenarios.base.minimumCash: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Corrected3Mleasealreadyin30Mprincipal, no doublecount. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q138
Formula for native.scenarios.base.fundingExecution: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q139
Formula for native.scenarios.base.ownershipLiability: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q140
Formula for native.scenarios.base.cashOwnershipFraction: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q141
Formula for native.scenarios.base.cashNciDeduction: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q142
Formula for native.scenarios.base.cashJvContribution: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q143
Formula for native.scenarios.base.cashAttributionRationale: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q144
Formula for native.scenarios.base.shareholderDistributions: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q145
Formula for native.scenarios.base.cashDistributionRationale: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q146
Formula for native.scenarios.base.metricRevenueCoefficient: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q147
Formula for native.scenarios.base.metricConstant: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q148
Formula for native.scenarios.base.metricCeiling: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q149
Formula for native.scenarios.base.sectorBridgeRationale: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q150
Formula for native.scenarios.base.sectorReportedAmount: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q151
Formula for native.scenarios.base.sectorExclusions: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q152
Formula for native.scenarios.base.sectorOwnershipFraction: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q153
Formula for native.scenarios.base.sectorNciDeduction: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q154
Formula for native.scenarios.base.sectorJvContribution: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q155
Formula for native.scenarios.base.netShareChange: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q156
Formula for native.scenarios.base.grossShareIssuance: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q157
Formula for native.scenarios.base.shareRepurchaseShares: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q158
Formula for native.scenarios.base.shareRepurchaseCash: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q159
Formula for native.scenarios.base.acquisitionInvestingCash: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q160
Formula for native.scenarios.base.jvInvestingCash: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q161
Formula for native.scenarios.base.employeeEquityTaxWithholdingCash: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q162
Formula for native.scenarios.base.capitalAllocationRationale: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q163
Formula for native.scenarios.base.scenarioEconomicCashUses.equityInvestmentCash: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q164
Formula for native.scenarios.base.scenarioEconomicCashUses.contingentSupportReserve: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q165
Formula for native.scenarios.base.scenarioEconomicCashUses.financeLeasePrincipalCash: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q166
Formula for native.scenarios.base.scenarioEconomicCashUses.leasePrincipalDebtTreatment: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q167
Formula for native.scenarios.base.scenarioEconomicCashUses.openingFinanceLeaseDebtIncluded: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q168
Formula for native.scenarios.base.scenarioEconomicCashUses.supportReserveBasis: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q169
Formula for native.scenarios.base.scenarioEconomicCashUses.openingSupportReserveBalance: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q170
Formula for native.scenarios.base.scenarioEconomicCashUses.quarterEquityInvestmentCash: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q171
Formula for native.scenarios.base.scenarioEconomicCashUses.quarterFinanceLeasePrincipalCash: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q172
Formula for native.scenarios.base.scenarioEconomicCashUses.quarterSupportReserveBalances: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q173
Formula for native.scenarios.base.scenarioEconomicCashUses.quarterCashBeforeEconomicUses: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q174
Formula for native.scenarios.base.scenarioEconomicCashUses.stressCfoCumulativeAllocation: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q175
Formula for native.scenarios.base.scenarioEconomicCashUses.intraYearLiquidityTimingHaircut: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q176
Formula for native.scenarios.base.scenarioEconomicCashUses.minimumCashBasis: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q177
Formula for native.scenarios.base.scenarioEconomicCashUses.capitalAllocationRationale: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q178
Formula for native.scenarios.base.scenarioEconomicCashUses.cashUsesTimingRationale: COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Qualification Q179 — exact field scope
Exact provided bull12month assumptions/known source cutoffs, not four-times guidance or completed future recognition scope / methodology text, not financial measure · not-applicable · Full exact original financial qualification, displayed once; affected rows reference this note. NOT bank/model/native certification. ·
Formula qualification Q180
Formula for native.scenarios.bull.horizonMonths: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q181
Formula for native.scenarios.bull.revenueGrowth: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q182
Formula for native.scenarios.bull.operatingMargin: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q183
Formula for native.scenarios.bull.cashTaxes: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q184
Formula for native.scenarios.bull.noncashAdjustments: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q185
Formula for native.scenarios.bull.workingCapitalChange: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q186
Formula for native.scenarios.bull.cashInterest: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q187
Formula for native.scenarios.bull.otherOperatingCash: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q188
Formula for native.scenarios.bull.capex: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q189
Formula for native.scenarios.bull.financing: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q190
Formula for native.scenarios.bull.financingPrice: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q191
Formula for native.scenarios.bull.debtRaised: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q192
Formula for native.scenarios.bull.debtRepaid: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q193
Formula for native.scenarios.bull.dilution: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q194
Formula for native.scenarios.bull.runwayMonths: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q195
Formula for native.scenarios.bull.capacityRevenueCeiling: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q196
Formula for native.scenarios.bull.maxOperatingMargin: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q197
Formula for native.scenarios.bull.execution: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q198
Formula for native.scenarios.bull.terminalMultiple: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q199
Formula for native.scenarios.bull.drivers: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q200
Formula for native.scenarios.bull.cashPeriodStart: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q201
Formula for native.scenarios.bull.cashPeriodEnd: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q202
Formula for native.scenarios.bull.cashPeriodBasis: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q203
Formula for native.scenarios.bull.cashBridgeRationale: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q204
Formula for native.scenarios.bull.minimumCash: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Corrected3Mleasealreadyin30Mprincipal, no doublecount. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q205
Formula for native.scenarios.bull.fundingExecution: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q206
Formula for native.scenarios.bull.ownershipLiability: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q207
Formula for native.scenarios.bull.cashOwnershipFraction: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q208
Formula for native.scenarios.bull.cashNciDeduction: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q209
Formula for native.scenarios.bull.cashJvContribution: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q210
Formula for native.scenarios.bull.cashAttributionRationale: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q211
Formula for native.scenarios.bull.shareholderDistributions: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q212
Formula for native.scenarios.bull.cashDistributionRationale: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q213
Formula for native.scenarios.bull.metricRevenueCoefficient: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q214
Formula for native.scenarios.bull.metricConstant: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q215
Formula for native.scenarios.bull.metricCeiling: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q216
Formula for native.scenarios.bull.sectorBridgeRationale: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q217
Formula for native.scenarios.bull.sectorReportedAmount: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q218
Formula for native.scenarios.bull.sectorExclusions: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q219
Formula for native.scenarios.bull.sectorOwnershipFraction: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q220
Formula for native.scenarios.bull.sectorNciDeduction: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q221
Formula for native.scenarios.bull.sectorJvContribution: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q222
Formula for native.scenarios.bull.netShareChange: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q223
Formula for native.scenarios.bull.grossShareIssuance: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q224
Formula for native.scenarios.bull.shareRepurchaseShares: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q225
Formula for native.scenarios.bull.shareRepurchaseCash: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q226
Formula for native.scenarios.bull.acquisitionInvestingCash: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q227
Formula for native.scenarios.bull.jvInvestingCash: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q228
Formula for native.scenarios.bull.employeeEquityTaxWithholdingCash: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q229
Formula for native.scenarios.bull.capitalAllocationRationale: COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q230
Formula for native.scenarios.bull.scenarioEconomicCashUses.equityInvestmentCash: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q231
Formula for native.scenarios.bull.scenarioEconomicCashUses.contingentSupportReserve: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q232
Formula for native.scenarios.bull.scenarioEconomicCashUses.financeLeasePrincipalCash: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q233
Formula for native.scenarios.bull.scenarioEconomicCashUses.leasePrincipalDebtTreatment: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q234
Formula for native.scenarios.bull.scenarioEconomicCashUses.openingFinanceLeaseDebtIncluded: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q235
Formula for native.scenarios.bull.scenarioEconomicCashUses.supportReserveBasis: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q236
Formula for native.scenarios.bull.scenarioEconomicCashUses.openingSupportReserveBalance: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q237
Formula for native.scenarios.bull.scenarioEconomicCashUses.quarterEquityInvestmentCash: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q238
Formula for native.scenarios.bull.scenarioEconomicCashUses.quarterFinanceLeasePrincipalCash: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q239
Formula for native.scenarios.bull.scenarioEconomicCashUses.quarterSupportReserveBalances: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q240
Formula for native.scenarios.bull.scenarioEconomicCashUses.quarterCashBeforeEconomicUses: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q241
Formula for native.scenarios.bull.scenarioEconomicCashUses.stressCfoCumulativeAllocation: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q242
Formula for native.scenarios.bull.scenarioEconomicCashUses.intraYearLiquidityTimingHaircut: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q243
Formula for native.scenarios.bull.scenarioEconomicCashUses.minimumCashBasis: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q244
Formula for native.scenarios.bull.scenarioEconomicCashUses.capitalAllocationRationale: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Formula qualification Q245
Formula for native.scenarios.bull.scenarioEconomicCashUses.cashUsesTimingRationale: COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. exact formula/method text · not-applicable · Exact original formula retained once, not a new financial computation ·
Dated source/proof detail — actual citation sets, not source certainty
Historical/source evidence set E1 — shared actual citations
Exact source IDs shared by material rows; forward/derived use stays analyst conditional, not an issuer guarantee. Full claim/reviewer/sourceDAG in original archive. source/proof context, not a financial quantity · not-applicable · Source support is scoped. Hash equality is not literal/accounting proof. ·
Historical/source evidence set E2 — shared actual citations
Exact source IDs shared by material rows; forward/derived use stays analyst conditional, not an issuer guarantee. Full claim/reviewer/sourceDAG in original archive. source/proof context, not a financial quantity · not-applicable · Source support is scoped. Hash equality is not literal/accounting proof. ·
Historical/source evidence set E3 — shared actual citations
Exact source IDs shared by material rows; forward/derived use stays analyst conditional, not an issuer guarantee. Full claim/reviewer/sourceDAG in original archive. source/proof context, not a financial quantity · not-applicable · Source support is scoped. Hash equality is not literal/accounting proof. ·
Historical/source evidence set E4 — shared actual citations
Exact source IDs shared by material rows; forward/derived use stays analyst conditional, not an issuer guarantee. Full claim/reviewer/sourceDAG in original archive. source/proof context, not a financial quantity · not-applicable · Source support is scoped. Hash equality is not literal/accounting proof. ·
Historical/source evidence set E5 — shared actual citations
Exact source IDs shared by material rows; forward/derived use stays analyst conditional, not an issuer guarantee. Full claim/reviewer/sourceDAG in original archive. source/proof context, not a financial quantity · not-applicable · Source support is scoped. Hash equality is not literal/accounting proof. ·
Historical/source evidence set E6 — shared actual citations
Exact source IDs shared by material rows; forward/derived use stays analyst conditional, not an issuer guarantee. Full claim/reviewer/sourceDAG in original archive. source/proof context, not a financial quantity · not-applicable · Source support is scoped. Hash equality is not literal/accounting proof. ·
Historical/source evidence set E7 — shared actual citations
Exact source IDs shared by material rows; forward/derived use stays analyst conditional, not an issuer guarantee. Full claim/reviewer/sourceDAG in original archive. source/proof context, not a financial quantity · not-applicable · Source support is scoped. Hash equality is not literal/accounting proof. ·
Exact immutable source/model proofs — shared references, not source certainty
Exact value/origin proof P8447
Full immutable financial/source/derivation context for rows marked P8447. Source links on rows are historical context only, not issuerfuture/bank/currentFD certification. immutable proof/ref, not numeric financial assumption · not-applicable · Actual original artifact hash/optionalJSONpointer; scopedsource/financial acceptance separate from fullmodel/native certification ·
Exact value/origin proof P8484
Full immutable financial/source/derivation context for rows marked P8484. Source links on rows are historical context only, not issuerfuture/bank/currentFD certification. immutable proof/ref, not numeric financial assumption · not-applicable · Actual original artifact hash/optionalJSONpointer; scopedsource/financial acceptance separate from fullmodel/native certification ·
downside · conditional-provided-not-issuer-guaranteed
Scenario period
2026-10-01 → 2027-10-01 · cumulative-12mo
horizon Months
12 months · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q46 in route shared notes
revenue Growth
0.19412529689818236 fraction · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q47 in route shared notes
operating Margin
0.13426470588235295 fraction · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q48 in route shared notes
cash Taxes
196250000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q49 in route shared notes
noncash Adjustments
770000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q50 in route shared notes
working Capital Change
-1200000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q51 in route shared notes
cash Interest
200000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q52 in route shared notes
other Operating Cash
40000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q53 in route shared notes
capex
1500000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q54 in route shared notes
financing
60000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q55 in route shared notes
financing Price
100 USD/ordinary-share · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q56 in route shared notes
debt Raised
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q57 in route shared notes
debt Repaid
30000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q58 in route shared notes
dilution
0.038931776810736354 fraction · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q59 in route shared notes
runway Months
12 months · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q60 in route shared notes
capacity Revenue Ceiling
12000000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q61 in route shared notes
max Operating Margin
0.28 fraction · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q62 in route shared notes
execution
supported text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q63 in route shared notes
terminal Multiple
30 x · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q64 in route shared notes
drivers
COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q65 in route shared notes
cash Period Start
2026-10-01 text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q66 in route shared notes
cash Period End
2027-10-01 text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q67 in route shared notes
cash Period Basis
cumulative-12mo text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q68 in route shared notes
cash Bridge Rationale
COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q69 in route shared notes
minimum Cash
534128500 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q70 in route shared notes
funding Execution
supported text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q71 in route shared notes
ownership Liability
334705000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q72 in route shared notes
cash Ownership Fraction
1 fraction · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q73 in route shared notes
cash Nci Deduction
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q74 in route shared notes
cash Jv Contribution
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q75 in route shared notes
cash Attribution Rationale
COHR modeledconsolidatedcash includesno restrictedSiCwithdrawal; cashNCIproxyreserve inopening and separatelystress750Mtrapping. Forecast commonprofit20Mdeductionnotcashdoublecount. text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q76 in route shared notes
shareholder Distributions
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q77 in route shared notes
cash Distribution Rationale
COHR no commondividends/newbuybacksassumed; historical11.438M cashpreferred dividendnot recurring afteractualconversion. text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q78 in route shared notes
metric Revenue Coefficient
0.10741176470588237 fraction · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q79 in route shared notes
metric Constant
-148000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q80 in route shared notes
metric Ceiling
2500000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q81 in route shared notes
sector Bridge Rationale
COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q82 in route shared notes
sector Reported Amount
765000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q83 in route shared notes
sector Exclusions
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q84 in route shared notes
sector Ownership Fraction
1 fraction · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q85 in route shared notes
sector Nci Deduction
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q86 in route shared notes
sector Jv Contribution
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q87 in route shared notes
net Share Change
7881047.0205680765 ordinary-shares · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q88 in route shared notes
gross Share Issuance
7881047.0205680765 ordinary-shares · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q89 in route shared notes
share Repurchase Shares
0 ordinary-shares · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q90 in route shared notes
share Repurchase Cash
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q91 in route shared notes
acquisition Investing Cash
15000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q92 in route shared notes
jv Investing Cash
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q93 in route shared notes
employee Equity Tax Withholding Cash
100000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q94 in route shared notes
capital Allocation Rationale
COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q95 in route shared notes
basis
operating-margin-linked-normalized-common-income text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
baseline Operating Margin
0.13426470588235295 fraction · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
after Tax Owner Profit Slope
0.8 fraction · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
rationale
COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin. text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
equity Investment Cash
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q96 in route shared notes
contingent Support Reserve
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q97 in route shared notes
finance Lease Principal Cash
3000000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q98 in route shared notes
lease Principal Debt Treatment
included-in-debtRepaid text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q99 in route shared notes
opening Finance Lease Debt Included
14233000 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q100 in route shared notes
support Reserve Basis
hypothetical-support-liquidity-buffer text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q101 in route shared notes
opening Support Reserve Balance
0 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q102 in route shared notes
quarter Equity Investment Cash
[0, 0, 0, 0] USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q103 in route shared notes
quarter Finance Lease Principal Cash
[750000, 750000, 750000, 750000] USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q104 in route shared notes
quarter Support Reserve Balances
[0, 0, 0, 0] USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q105 in route shared notes
quarter Cash Before Economic Uses
[1457018000.0, 1131768000.0, 917018000.0, 720018000.0] USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q106 in route shared notes
stress Cfo Cumulative Allocation
[0.15, 0.35, 0.65, 1] fraction · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q107 in route shared notes
intra Year Liquidity Timing Haircut
185889500 USD · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q108 in route shared notes
minimum Cash Basis
after-economic-uses-and-reserves text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q109 in route shared notes
capital Allocation Rationale
COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q110 in route shared notes
cash Uses Timing Rationale
COHR downside conditional365dayrecognizedrevenue8500000000.0, recurringGAAPcommonnetmargin0.09; EBIT1141250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-1200000000.0, cashcapex1500000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. text · forecast · Qualification Q45 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q111 in route shared notes
base · conditional-provided-not-issuer-guaranteed
Scenario period
2026-10-01 → 2027-10-01 · cumulative-12mo
horizon Months
12 months · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q113 in route shared notes
revenue Growth
0.40485329046844964 fraction · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q114 in route shared notes
operating Margin
0.181 fraction · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q115 in route shared notes
cash Taxes
330000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q116 in route shared notes
noncash Adjustments
770000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q117 in route shared notes
working Capital Change
-700000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q118 in route shared notes
cash Interest
200000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q119 in route shared notes
other Operating Cash
40000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q120 in route shared notes
capex
1600000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q121 in route shared notes
financing
60000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q122 in route shared notes
financing Price
100 USD/ordinary-share · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q123 in route shared notes
debt Raised
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q124 in route shared notes
debt Repaid
30000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q125 in route shared notes
dilution
0.038931776810736354 fraction · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q126 in route shared notes
runway Months
12 months · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q127 in route shared notes
capacity Revenue Ceiling
12000000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q128 in route shared notes
max Operating Margin
0.28 fraction · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q129 in route shared notes
execution
supported text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q130 in route shared notes
terminal Multiple
38 x · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q131 in route shared notes
drivers
COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q132 in route shared notes
cash Period Start
2026-10-01 text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q133 in route shared notes
cash Period End
2027-10-01 text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q134 in route shared notes
cash Period Basis
cumulative-12mo text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q135 in route shared notes
cash Bridge Rationale
COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q136 in route shared notes
minimum Cash
1248128500 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q137 in route shared notes
funding Execution
supported text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q138 in route shared notes
ownership Liability
334705000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q139 in route shared notes
cash Ownership Fraction
1 fraction · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q140 in route shared notes
cash Nci Deduction
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q141 in route shared notes
cash Jv Contribution
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q142 in route shared notes
cash Attribution Rationale
COHR modeledconsolidatedcash includesno restrictedSiCwithdrawal; cashNCIproxyreserve inopening and separatelystress750Mtrapping. Forecast commonprofit20Mdeductionnotcashdoublecount. text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q143 in route shared notes
shareholder Distributions
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q144 in route shared notes
cash Distribution Rationale
COHR no commondividends/newbuybacksassumed; historical11.438M cashpreferred dividendnot recurring afteractualconversion. text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q145 in route shared notes
metric Revenue Coefficient
0.1448 fraction · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q146 in route shared notes
metric Constant
-148000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q147 in route shared notes
metric Ceiling
2500000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q148 in route shared notes
sector Bridge Rationale
COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q149 in route shared notes
sector Reported Amount
1300000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q150 in route shared notes
sector Exclusions
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q151 in route shared notes
sector Ownership Fraction
1 fraction · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q152 in route shared notes
sector Nci Deduction
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q153 in route shared notes
sector Jv Contribution
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q154 in route shared notes
net Share Change
7881047.0205680765 ordinary-shares · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q155 in route shared notes
gross Share Issuance
7881047.0205680765 ordinary-shares · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q156 in route shared notes
share Repurchase Shares
0 ordinary-shares · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q157 in route shared notes
share Repurchase Cash
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q158 in route shared notes
acquisition Investing Cash
15000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q159 in route shared notes
jv Investing Cash
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q160 in route shared notes
employee Equity Tax Withholding Cash
100000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q161 in route shared notes
capital Allocation Rationale
COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q162 in route shared notes
basis
operating-margin-linked-normalized-common-income text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
baseline Operating Margin
0.181 fraction · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
after Tax Owner Profit Slope
0.8 fraction · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
rationale
COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin. text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
equity Investment Cash
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q163 in route shared notes
contingent Support Reserve
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q164 in route shared notes
finance Lease Principal Cash
3000000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q165 in route shared notes
lease Principal Debt Treatment
included-in-debtRepaid text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q166 in route shared notes
opening Finance Lease Debt Included
14233000 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q167 in route shared notes
support Reserve Basis
hypothetical-support-liquidity-buffer text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q168 in route shared notes
opening Support Reserve Balance
0 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q169 in route shared notes
quarter Equity Investment Cash
[0, 0, 0, 0] USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q170 in route shared notes
quarter Finance Lease Principal Cash
[750000, 750000, 750000, 750000] USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q171 in route shared notes
quarter Support Reserve Balances
[0, 0, 0, 0] USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q172 in route shared notes
quarter Cash Before Economic Uses
[1577268000.0, 1434018000.0, 1509768000.0, 1655018000.0] USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q173 in route shared notes
stress Cfo Cumulative Allocation
[0.15, 0.35, 0.65, 1] fraction · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q174 in route shared notes
intra Year Liquidity Timing Haircut
185889500 USD · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q175 in route shared notes
minimum Cash Basis
after-economic-uses-and-reserves text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q176 in route shared notes
capital Allocation Rationale
COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q177 in route shared notes
cash Uses Timing Rationale
COHR base conditional365dayrecognizedrevenue10000000000.0, recurringGAAPcommonnetmargin0.13; EBIT1810000000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-700000000.0, cashcapex1600000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. text · forecast · Qualification Q112 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q178 in route shared notes
bull · conditional-provided-not-issuer-guaranteed
Scenario period
2026-10-01 → 2027-10-01 · cumulative-12mo
horizon Months
12 months · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q180 in route shared notes
revenue Growth
0.6155812840387171 fraction · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q181 in route shared notes
operating Margin
0.2535869565217391 fraction · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q182 in route shared notes
cash Taxes
551250000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q183 in route shared notes
noncash Adjustments
770000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q184 in route shared notes
working Capital Change
-600000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q185 in route shared notes
cash Interest
200000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q186 in route shared notes
other Operating Cash
40000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q187 in route shared notes
capex
1800000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q188 in route shared notes
financing
60000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q189 in route shared notes
financing Price
100 USD/ordinary-share · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q190 in route shared notes
debt Raised
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q191 in route shared notes
debt Repaid
30000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q192 in route shared notes
dilution
0.038931776810736354 fraction · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q193 in route shared notes
runway Months
12 months · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q194 in route shared notes
capacity Revenue Ceiling
12000000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q195 in route shared notes
max Operating Margin
0.28 fraction · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q196 in route shared notes
execution
supported text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q197 in route shared notes
terminal Multiple
40 x · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q198 in route shared notes
drivers
COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q199 in route shared notes
cash Period Start
2026-10-01 text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q200 in route shared notes
cash Period End
2027-10-01 text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q201 in route shared notes
cash Period Basis
cumulative-12mo text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q202 in route shared notes
cash Bridge Rationale
COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q203 in route shared notes
minimum Cash
1469128500 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q204 in route shared notes
funding Execution
supported text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q205 in route shared notes
ownership Liability
334705000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q206 in route shared notes
cash Ownership Fraction
1 fraction · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q207 in route shared notes
cash Nci Deduction
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q208 in route shared notes
cash Jv Contribution
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q209 in route shared notes
cash Attribution Rationale
COHR modeledconsolidatedcash includesno restrictedSiCwithdrawal; cashNCIproxyreserve inopening and separatelystress750Mtrapping. Forecast commonprofit20Mdeductionnotcashdoublecount. text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q210 in route shared notes
shareholder Distributions
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q211 in route shared notes
cash Distribution Rationale
COHR no commondividends/newbuybacksassumed; historical11.438M cashpreferred dividendnot recurring afteractualconversion. text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q212 in route shared notes
metric Revenue Coefficient
0.2028695652173913 fraction · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q213 in route shared notes
metric Constant
-148000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q214 in route shared notes
metric Ceiling
2500000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q215 in route shared notes
sector Bridge Rationale
COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q216 in route shared notes
sector Reported Amount
2185000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q217 in route shared notes
sector Exclusions
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q218 in route shared notes
sector Ownership Fraction
1 fraction · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q219 in route shared notes
sector Nci Deduction
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q220 in route shared notes
sector Jv Contribution
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q221 in route shared notes
net Share Change
7881047.0205680765 ordinary-shares · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q222 in route shared notes
gross Share Issuance
7881047.0205680765 ordinary-shares · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q223 in route shared notes
share Repurchase Shares
0 ordinary-shares · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q224 in route shared notes
share Repurchase Cash
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q225 in route shared notes
acquisition Investing Cash
15000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q226 in route shared notes
jv Investing Cash
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q227 in route shared notes
employee Equity Tax Withholding Cash
100000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q228 in route shared notes
capital Allocation Rationale
COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. COHR independentgross-claim correction: conditionalnetdeliverednewclaim-equivalents7567754.0 plus100Memployee withholding/frozen319.19000244140625equivalent313293.02056807687 yields7881047.0205680765 gross issuance. Native has no separate shareswithheldslot; use ALLgross as conservativeendingeconomicclaimcount and doNOTsubtractwithheldsharesor inventpaidbuybacks. Thus terminalclaims210313293.02056807 is conservativeupper vs210Mnetdeliverymodel, explicitlynotliteralcurrentordinaryorweightedshares. The100Mcashwithholding is stilldeductedonceand60Memployee proceeds creditedonce; financing100/share is employee-paidportion not priceofeveryfreeaward. Truephysicalnet/grossbridge and targetpricewithholding sensitivity separatelyprovided. Alternative future replenishment of withheld-equivalentclaims makes upper conservativecount internallypossible, not guaranteed actualshareissuance. text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q229 in route shared notes
basis
operating-margin-linked-normalized-common-income text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
baseline Operating Margin
0.2535869565217391 fraction · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
after Tax Owner Profit Slope
0.8 fraction · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
rationale
COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin. text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · COHR commonNI = recognizedrevenue * GAAP EBITmargin *80% aftertax minus148Mnetinterest/outsideowners; +/-2pp EBITmustchangeNI,CFOandcash consistently, not freeze19%netmargin.
equity Investment Cash
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q230 in route shared notes
contingent Support Reserve
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q231 in route shared notes
finance Lease Principal Cash
3000000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q232 in route shared notes
lease Principal Debt Treatment
included-in-debtRepaid text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q233 in route shared notes
opening Finance Lease Debt Included
14233000 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q234 in route shared notes
support Reserve Basis
hypothetical-support-liquidity-buffer text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q235 in route shared notes
opening Support Reserve Balance
0 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q236 in route shared notes
quarter Equity Investment Cash
[0, 0, 0, 0] USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q237 in route shared notes
quarter Finance Lease Principal Cash
[750000, 750000, 750000, 750000] USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q238 in route shared notes
quarter Support Reserve Balances
[0, 0, 0, 0] USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q239 in route shared notes
quarter Cash Before Economic Uses
[1655018000.0, 1658768000.0, 1990018000.0, 2440018000.0] USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q240 in route shared notes
stress Cfo Cumulative Allocation
[0.15, 0.35, 0.65, 1] fraction · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q241 in route shared notes
intra Year Liquidity Timing Haircut
185889500 USD · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q242 in route shared notes
minimum Cash Basis
after-economic-uses-and-reserves text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q243 in route shared notes
capital Allocation Rationale
COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q244 in route shared notes
cash Uses Timing Rationale
COHR bull conditional365dayrecognizedrevenue11500000000.0, recurringGAAPcommonnetmargin0.19; EBIT2916250000.0 before200Minterest/40Minterestincome,20%taxand20Moutside-ownerprofitreserve. RetainSBCinprofit;770Mnoncash includes550MDA+220MnoncashSBC, signedWC-600000000.0, cashcapex1800000000.0,30Mprincipal includes3Mfinanceleaseprincipal,100Memployee cashwithholding less60Mplanproceeds. Terminal210Mdeliveredclaim-equivalents includes7.567754Mnetreplenishment beyond6.6Mcurrentawardproxy; withheld shares do not get subtracted twice. No discretionarybuyback, acquisitionornewexternal funding assumed;15Mintangible/otherinvestingcash added. Existing371.779MnoncashPPEpayable included in nominal stickyannualcapex;185.8895Mtimingreserve is separate analyst assumption. Annual-conserving nominal quarterly capital allocation includes PPEAP within fixed annualcapex. Separate full371.779M PPEAP additive tail is ADDITIONAL SPEND/reserve BEYOND fixed annualcash budget, NOT annual-conserving rephase; within-fixed-budget rephasing must displace latercashcapex. Existing failed additive/funding challenges retained; no cashpaymentdates or overallfundedexecution certified. Conditions not issuerforecast or probability. Quartercashconservesannualflows; residual3Mfinanceleaseprincipal alreadyindeptRepaid; no extra cashdeduction. text · forecast · Qualification Q179 below. Historical source context only; exact immutable field-origin/proof mapping retained. · Exact formula note Q245 in route shared notes
- components.revenue
Published: 2026-08-14 · Retrieved: 2026-10-02T05:02:59.863960+00:00 - components.cashBank
Published: 2026-08-14 · Retrieved: 2026-10-02T05:02:59.863960+00:00 - components.financeLeasePrincipal
Published: 2026-08-14 · Retrieved: 2026-10-02T05:02:59.863960+00:00 - financials.revenue
Published: 2026-08-14 · Retrieved: 2026-10-02T05:02:59.863960+00:00 - financials.measuredOrdinaryShares
Published: 2026-08-14 · Retrieved: 2026-10-02T05:02:59.863960+00:00 - components.q1RevenueGuidanceUpper
Published: 2026-08-12 · Retrieved: 2026-10-02T04:55:02.474404+00:00