3Q15 segment results
Amounts are in millions of dollars.
|
|
|
3Q15 |
|
3Q14 |
|
Change |
|
Analog: |
|
|
|
|
|
|
|
Revenue |
|
$ 2,182 |
|
$ 2,149 |
|
2% |
|
Operating profit |
|
$ 812 |
|
$ 802 |
|
1% |
|
Embedded Processing: |
|
|
|
|
|
|
|
Revenue |
|
$ 725 |
|
$ 711 |
|
2% |
|
Operating profit |
|
$ 174 |
|
$ 114 |
|
53% |
|
Other: |
|
|
|
|
|
|
|
Revenue |
|
$ 522 |
|
$ 641 |
|
-19% |
|
Operating profit* |
|
$ 178 |
|
$ 259 |
|
-31% |
* Includes Acquisition charges and Restructuring charges/other.
Compared with the year-ago quarter:
Analog: (includes High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog)
- Revenue increased due to High Volume Analog & Logic. Silicon Valley Analog also grew, Power Management was about even and High Performance Analog declined.
- Operating profit increased.
Embedded Processing: (includes Processors, Microcontrollers and Connectivity)
- Revenue increased due to Microcontrollers and Connectivity. Processors declined.
- Operating profit increased due to lower operating expenses as well as higher gross profit.
Other: (includes DLP® products, custom ASIC products, calculators and royalties)
- Revenue declined primarily due to custom ASIC products and DLP products.
- Operating profit decreased due to lower revenue and associated gross profit.
Non-GAAP financial information
Free cash flow and associated ratios
This release includes references to free cash flow and ratios based on that measure. These are financial measures that were not prepared in accordance with GAAP. Free cash flow was calculated by subtracting Capital expenditures from the most directly comparable GAAP measure, Cash flows from operating activities (also referred to as cash flow from operations).
The company believes that free cash flow and the associated ratios provide insight into its liquidity, its cash-generating capability and the amount of cash potentially available to return to investors, as well as insight into its financial performance. These non-GAAP measures are supplemental to the comparable GAAP measures.
Reconciliation to the most directly comparable GAAP-based measures is provided in the table below.
Amounts are in millions of dollars.
|
|
|
For 12 Months Ended |
|
| ||||
|
|
|
September 30, |
|
| ||||
|
|
|
2015 |
|
2014 |
|
Change | ||
|
Cash flow from operations (GAAP) |
|
$ |
4,110 |
|
$ |
3,819 |
|
8% |
|
Capital expenditures |
|
|
(512) |
|
|
(367) |
|
|
|
Free cash flow (non-GAAP) |
|
$ |
3,598 |
|
$ |
3,452 |
|
4% |
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
13,080 |
|
$ |
12,804 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flow from operations as a percent of revenue (GAAP) |
|
|
31% |
|
|
30% |
|
|
|
Free cash flow as a percent of revenue (non-GAAP) |
|
|
28% |
|
|
27% |
|
|
