| |
|
|
|
|
|
|
|
|
NXP Semiconductors |
|
|
Table 4: Reconciliation of GAAP to non-GAAP segment results (unaudited) |
|
| |
|
| |
|
|
|
|
|
|
|
| ($ in millions) |
|
Three Months Ended |
|
| |
|
October 4, 2015 |
|
July 5,
2015 |
|
Sept. 28,
2014 |
|
| |
|
|
|
|
|
|
|
| High Performance Mixed Signal (HPMS) |
|
|
1,164 |
|
|
|
1,146 |
|
|
|
1,139 |
|
|
| Standard Products |
|
|
325 |
|
|
|
322 |
|
|
|
333 |
|
|
|
Product Revenue |
|
|
1,489 |
|
|
|
1,468 |
|
|
|
1,472 |
|
|
| Corporate and Other |
|
|
33 |
|
|
|
38 |
|
|
|
43 |
|
|
|
Total Revenue |
|
$ |
1,522 |
|
|
$ |
1,506 |
|
|
$ |
1,515 |
|
|
| |
|
|
|
|
|
|
|
| |
|
| |
|
|
|
|
|
|
|
|
HPMS Revenue |
|
$ |
1,164 |
|
|
$ |
1,146 |
|
|
$ |
1,139 |
|
|
| Percent of Total Revenue |
|
|
76.5 |
% |
|
|
76.1 |
% |
|
|
75.2 |
% |
|
|
HPMS segment GAAP gross profit |
|
|
626 |
|
|
|
610 |
|
|
|
605 |
|
|
| PPA effects |
|
|
(1 |
) |
|
|
(1 |
) |
|
|
- |
|
|
| Stock based compensation |
|
|
(2 |
) |
|
|
(3 |
) |
|
|
(1 |
) |
|
| Other incidentals |
|
|
1 |
|
|
|
(1 |
) |
|
|
(1 |
) |
|
|
HPMS segment non-GAAP gross profit |
|
$ |
628 |
|
|
$ |
615 |
|
|
$ |
607 |
|
|
| |
|
|
|
|
|
|
|
|
HPMS segment GAAP gross margin |
|
|
53.8 |
% |
|
|
53.2 |
% |
|
|
53.1 |
% |
|
|
HPMS segment non-GAAP gross margin |
|
|
54.0 |
% |
|
|
53.7 |
% |
|
|
53.3 |
% |
|
| |
|
|
|
|
|
|
|
|
HPMS segment GAAP operating profit |
|
|
331 |
|
|
|
293 |
|
|
|
274 |
|
|
| PPA effects |
|
|
(14 |
) |
|
|
(18 |
) |
|
|
(22 |
) |
|
| Restructuring |
|
|
1 |
|
|
|
(6 |
) |
|
|
- |
|
|
| Stock based compensation |
|
|
(28 |
) |
|
|
(29 |
) |
|
|
(26 |
) |
|
| Other incidentals |
|
|
1 |
|
|
|
(1 |
) |
|
|
(1 |
) |
|
|
HPMS segment non-GAAP operating profit |
|
$ |
371 |
|
|
$ |
347 |
|
|
$ |
323 |
|
|
| |
|
|
|
|
|
|
|
|
HPMS segment GAAP operating margin |
|
|
28.4 |
% |
|
|
25.6 |
% |
|
|
24.1 |
% |
|
|
HPMS segment non-GAAP operating margin |
|
|
31.9 |
% |
|
|
30.3 |
% |
|
|
28.4 |
% |
|
| |
|
|
|
|
|
|
|
| |
|
| |
|
|
|
|
|
|
|
|
Standard Products Revenue |
|
$ |
325 |
|
|
$ |
322 |
|
|
$ |
333 |
|
|
| Percent of Total Revenue |
|
|
21.4 |
% |
|
|
21.4 |
% |
|
|
22.0 |
% |
|
|
Standard
Products segment GAAP gross profit |
|
|
108 |
|
|
|
109 |
|
|
|
103 |
|
|
| PPA effects |
|
|
- |
|
|
|
(1 |
) |
|
|
(1 |
) |
|
| Restructuring |
|
|
(4 |
) |
|
|
(1 |
) |
|
|
(6 |
) |
|
| Stock based compensation |
|
|
(1 |
) |
|
|
- |
|
|
|
(1 |
) |
|
| Other incidentals |
|
|
(2 |
) |
|
|
(2 |
) |
|
|
(1 |
) |
|
|
Standard Products segment non-GAAP gross profit |
|
$ |
115 |
|
|
$ |
113 |
|
|
$ |
112 |
|
|
| |
|
|
|
|
|
|
|
|
Standard Products segment GAAP gross margin |
|
|
33.2 |
% |
|
|
33.9 |
% |
|
|
30.9 |
% |
|
|
Standard Products segment non-GAAP gross margin |
|
|
35.4 |
% |
|
|
35.1 |
% |
|
|
33.6 |
% |
|
| |
|
|
|
|
|
|
|
|
Standard Products segment GAAP operating profit |
|
|
56 |
|
|
|
53 |
|
|
|
38 |
|
|
| PPA effects |
|
|
(12 |
) |
|
|
(12 |
) |
|
|
(15 |
) |
|
| Restructuring |
|
|
(4 |
) |
|
|
(1 |
) |
|
|
(7 |
) |
|
| Stock based compensation |
|
|
(6 |
) |
|
|
(7 |
) |
|
|
(8 |
) |
|
| Other incidentals |
|
|
(2 |
) |
|
|
(2 |
) |
|
|
(1 |
) |
|
|
Standard Products segment non-GAAP operating profit |
|
$ |
80 |
|
|
$ |
75 |
|
|
$ |
69 |
|
|
| |
|
|
|
|
|
|
|
|
Standard Products segment GAAP operating margin |
|
|
17.2 |
% |
|
|
16.5 |
% |
|
|
11.4 |
% |
|
|
Standard Products segment non-GAAP operating margin |
|
|
24.6 |
% |
|
|
23.3 |
% |
|
|
20.7 |
% |
|
| |
|
|
|
|
|
|
|
| |
|
| |
|
|
|
|
|
|
|
|
Corporate and Other Revenue |
|
$ |
33 |
|
|
$ |
38 |
|
|
$ |
43 |
|
|
| Percent of Total Revenue |
|
|
2.1 |
% |
|
|
2.5 |
% |
|
|
2.8 |
% |
|
|
Corporate and Other segment GAAP gross profit |
|
|
6 |
|
|
|
5 |
|
|
|
5 |
|
|
| PPA effects |
|
|
(2 |
) |
|
|
(3 |
) |
|
|
(2 |
) |
|
| Restructuring |
|
|
- |
|
|
|
1 |
|
|
|
1 |
|
|
| Other incidentals |
|
|
3 |
|
|
|
1 |
|
|
|
- |
|
|
|
Corporate and Other segment non-GAAP gross profit |
|
$ |
5 |
|
|
$ |
6 |
|
|
$ |
6 |
|
|
| |
|
|
|
|
|
|
|
|
Corporate and Other segment GAAP gross margin |
|
|
18.2 |
% |
|
|
13.2 |
% |
|
|
11.6 |
% |
|
|
Corporate and Other segment non-GAAP gross margin |
|
|
15.2 |
% |
|
|
15.8 |
% |
|
|
14.0 |
% |
|
| |
|
|
|
|
|
|
|
|
Corporate and Other segment GAAP operating profit |
|
|
(12 |
) |
|
|
(14 |
) |
|
|
(5 |
) |
|
| PPA effects |
|
|
(6 |
) |
|
|
(6 |
) |
|
|
(5 |
) |
|
| Restructuring |
|
|
(1 |
) |
|
|
(2 |
) |
|
|
1 |
|
|
| Other incidentals |
|
|
(3 |
) |
|
|
(2 |
) |
|
|
1 |
|
|
|
Corporate and Other segment non-GAAP operating profit |
|
$ |
(2 |
) |
|
$ |
(4 |
) |
|
$ |
(2 |
) |
|
| |
|
|
|
|
|
|
|
|
Corporate and Other segment GAAP operating margin |
|
|
-36.4 |
% |
|
|
-36.8 |
% |
|
|
-11.6 |
% |
|
|
Corporate and Other segment non-GAAP operating margin |
|
|
-6.1 |
% |
|
|
-10.5 |
% |
|
|
-4.7 |
% |
|
| |
|
|
|
|
|
|
|
| |
|
| |
|
|
|
|
|
|
|
