Transaction Accounting Adjustments:

Adjustments that reflect only the application of required accounting to the acquisition, disposition, or other transaction.

Autonomous Entity Adjustments:

Adjustments that are necessary to reflect the operations and financial position of the registrant as an autonomous entity when the registrant was previously part of another entity.

Discontinued Operations of the CCS Business:

The historical financial results directly attributable to CCS in accordance with ASC 205

Other Separation Adjustments:

Cash proceeds from the Sale

The repayment of all existing CommScope debt (the "Debt Repayment")

Redemption of the Series A Preferred Stock

Estimated unaccrued one-time bonus and transaction costs

Estimated taxes payable CommScope will owe as a result of the Sale

Anticipated special dividends payable

Assets

Cash and cash equivalents

Accounts receivable, net

Inventories, net

Prepaid expenses and other current assets

Total current assets

Property, plant and equipment, net

Goodwill

Other intangible assets, net

Deferred income taxes

Other noncurrent assets

Total assets

Liabilities and Stockholders' Equity (Deficit)

Accounts payable

Accrued and other liabilities

Special dividend payable

Total current liabilities

Long-term debt

Deferred income taxes

Other noncurrent liabilities

Total liabilities

Commitments and contingencies

Series A Preferred Stock, $0.01 par value

Stockholders' equity (deficit):

Preferred stock, $0.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: 1,278,653 shares of Series A Preferred Stock

Common stock, $0.01 par value: Authorized shares 1,300,000,000; Issued and outstanding shares: 221,527,126 shares

Additional paid-in capital

Accumulated deficit

Accumulated other comprehensive loss

Treasury stock, at cost: 17,540,748 shares

Total stockholders' equity (deficit)

Total liabilities and stockholders' equity (deficit)

Net sales

Cost of sales

Gross profit

Transition service agreement income

Operating expenses:

Selling, general and administrative

Research and development

Amortization of purchased intangible assets

Restructuring costs, net

Other

Total operating expenses

Operating income

Other expense, net

Interest expense

Interest income

Income from continuing operations before income taxes

Income tax benefit

Income from continuing operations

Series A Preferred Stock dividends

Net income from continuing operations attributable to common stockholders

Earnings per share from continuing operations

Basic

Diluted

Weighted average shares outstanding:

Basic

Diluted

Net sales

Cost of sales

Gross profit

Transition service agreement income

Operating expenses:

Selling, general and administrative

Research and development

Amortization of purchased intangible assets

Restructuring costs, net

Total operating expenses

Operating income (loss)

Other income, net

Interest expense

Interest income

Loss from continuing operations before income taxes

Income tax (expense) benefit

Loss from continuing operations

Series A Preferred Stock dividends

Net loss from continuing operations attributable to common stockholders

Loss per share from continuing operations

Basic

Diluted

Weighted average shares outstanding:

Basic

Diluted

Net sales

Cost of sales

Gross profit

Transition service agreement income

Operating expenses:

Selling, general and administrative

Research and development

Amortization of purchased intangible assets

Restructuring costs, net

Asset impairments

Total operating expenses

Operating loss

Other income, net

Interest expense

Interest income

Loss from continuing operations before income taxes

Income tax expense

Loss from continuing operations

Series A Preferred Stock dividends

Net loss from continuing operations attributable to common stockholders

Loss per share from continuing operations

Basic

Diluted

Weighted average shares outstanding:

Basic

Diluted

Net sales

Cost of sales

Gross profit

Transition service agreement income

Operating expenses:

Selling, general and administrative

Research and development

Amortization of purchased intangible assets

Restructuring costs, net

Asset impairments

Total operating expenses

Operating loss

Other income, net

Interest expense

Interest income

Loss from continuing operations before income taxes

Income tax benefit

Loss from continuing operations

Series A Preferred Stock dividends

Net loss from continuing operations attributable to common stockholders

Loss per share from continuing operations

Basic

Diluted

Weighted average shares outstanding:

Basic

Diluted

The "Discontinued Operations of the CCS Business" column in the unaudited pro forma condensed consolidated financial statements represents the historical financial results directly attributable to CCS in accordance with ASC 205.

The unaudited pro forma condensed consolidated balance sheet reflects the cash consideration received in exchange for the sale of CCS, the Debt Repayment, and redemption of Series A Preferred Stock as follows:

Cash consideration received for sale of CCS

Full repayment of 7.125% senior notes due July 2028

Full repayment of 5.00% senior notes due March 2027

Full repayment of 8.25% senior notes due March 2027

Full repayment of 9.50% senior secured notes due December 2031

Full repayment of 4.75% senior secured notes due September 2029

Full repayment of senior secured term loan due December 2029

Redemption of the Series A Preferred Stock

Accrued interest as of September 30, 2025

Investment banker fees owed upon closing

Pro forma adjustment to cash and cash equivalents

Estimated unaccrued one-time transaction costs of $14.9 were recorded as an accrual in the unaudited pro forma condensed consolidated balance sheet within accrued and other liabilities. These costs consist of accounting, financial, and legal advisory fees.

Reflects the redemption of the Series A Preferred Stock at carrying value on the unaudited pro forma condensed consolidated balance sheet and removal of the dividends paid in-kind on the unaudited pro forma condensed consolidated statements of operations.

The adjustment made to the accumulated deficit in the unaudited pro forma condensed consolidated balance sheet consists of the following adjustments:

Cash consideration received for sale of CCS

Estimated unaccrued one-time transaction costs

Write-off of unamortized debt issuance costs related to Debt Repayment

Investment banker fees owed upon closing

One-time transaction bonus costs

Estimated taxes payable from the Sale

Special dividend payable

Interest rate hedge reclassification from accumulated other comprehensive loss

Pro forma adjustment to accumulated deficit

The adjustment to long-term debt in the unaudited pro forma condensed consolidated balance sheet reflects the impacts of the Debt Repayment as follows:

Full repayment of 7.125% senior notes due July 2028

Full repayment of 5.00% senior notes due March 2027

Full repayment of 8.25% senior notes due March 2027

Full repayment of 9.50% senior secured notes due December 2031

Full repayment of 4.75% senior secured notes due September 2029

Full repayment of senior secured term loan due December 2029

Write-off of unamortized debt issuance costs

Pro forma adjustment to long-term debt

The income tax impacts of discontinued operations have been estimated using the applicable statutory income tax rate in the respective jurisdictions, adjusted for effective tax rate impacts related to permanent differences and income tax credits. The estimated income tax adjustments are subject to change and actual amounts will differ from the results reflected herein.

Represents the tax impact of the pro forma Other Separation Adjustments at the applicable blended statutory income tax rates.

Estimated unaccrued one-time bonus costs of $16.4 were recorded as an accrual in the unaudited pro forma condensed consolidated balance sheet within accrued and other liabilities. These one-time costs were directly attributed to the Sale and were paid by the Company following the Sale.

Represents taxes payable adjustment of $271.0 within accrued and other liabilities in the unaudited pro forma condensed consolidated balance sheet for the expected income tax payable due as a result of the gain on Sale. The current tax payable on the gain is reduced by tax attributes utilized in the current year. The estimated tax impact is subject to change and the actual impact could differ from the results reflected herein.

Represents reclassification of interest rate hedge from accumulated other comprehensive loss to accumulated deficit as the interest rate hedge will be paid off in connection with the Debt Repayment.

CommScope anticipates distributing a special dividend to CommScope's stockholders within 90 days following the Sale. The adjustment to dividends payable assumes a special dividend of $10.00 per share to holders of CommScope common stock. It is also expected that the special dividend will be paid to all unvested shares outstanding under the Company's 2019 Long-Term Incentive Plan ("LTI Plan"), but such dividend amounts will be retained by CommScope until the vesting of such shares. As such, the special dividend adjustment to the unaudited pro forma condensed consolidated balance sheet excludes any anticipated payments associated with unvested shares, as well as any shares that will vest upon the completion of the Sale, under the Company's LTI Plan as of September 30, 2025. There can be no assurance of the exact amount of cash proceeds to be distributed to CommScope's stockholders or of the exact timing of any such distributions. The decision to declare a special dividend and the timing and amount thereof, if any, is in the sole discretion of the Board acting in the best interests of the Company and will depend on such factors as are deemed relevant by the Board at the time of such decision.

The following table summarizes the unaudited pro forma net earnings (loss) from continuing operations per share for the nine months ended September 30, 2025 and years ended December 31, 2024, 2023, and 2022:

Numerator:

Income (loss) from continuing operations attributable to common stockholders

Denominator:

Weighted average common shares outstanding - basic

Dilutive effect of equity-based awards

Weighted average common shares outstanding - diluted

Basic:

Earnings (loss) from continuing operations per share

Diluted:

Earnings (loss) from continuing operations per share