| MAXLINEAR, INC. | |||||||||
| UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | |||||||||
| Three Months Ended | |||||||||
|
December 31,
2016 |
September 30,
2016 |
December 31,
2015 | |||||||
| GAAP cost of net revenue | 42.2 | % | 42.4 | % | 43.6 | % | |||
| Stock-based compensation | (0.1 | )% | (0.1 | )% | — | % | |||
| Performance based equity | — | % | — | % | (0.1 | )% | |||
| Amortization of inventory step-up | (3.0 | )% | (2.7 | )% | — | % | |||
| Amortization of purchased intangible assets | (3.0 | )% | (2.7 | )% | (1.6 | )% | |||
| Non-GAAP cost of net revenue | 36.1 | % | 36.9 | % | 41.9 | % | |||
| GAAP R&D expenses | 27.6 | % | 26.9 | % | 22.9 | % | |||
| Stock-based compensation | (3.9 | )% | (4.3 | )% | (2.9 | )% | |||
| Incentive award compensation | (0.2 | )% | (0.2 | )% | (1.1 | )% | |||
| Performance based equity | (1.3 | )% | (0.9 | )% | (1.2 | )% | |||
| Amortization of purchased intangible assets | (0.1 | )% | — | % | (0.1 | )% | |||
| Severance charges | — | % | — | % | — | % | |||
| Restricted merger proceeds and contingent consideration | — | % | (0.3 | )% | (0.2 | )% | |||
| Non-GAAP R&D expenses | 22.1 | % | 21.2 | % | 17.3 | % | |||
| GAAP SG&A expenses | 19.2 | % | 18.3 | % | 18.2 | % | |||
| Stock-based compensation | (2.0 | )% | (1.9 | )% | (1.3 | )% | |||
| Incentive award compensation | — | % | — | % | (0.1 | )% | |||
| Performance based equity | (0.8 | )% | (1.0 | )% | (0.6 | )% | |||
| Amortization of purchased intangible assets | (3.3 | )% | (3.2 | )% | (5.0 | )% | |||
| Acquisition and integration costs | (0.7 | )% | (0.6 | )% | — | % | |||
| Restricted merger proceeds and contingent consideration | — | % | (0.1 | )% | (0.3 | )% | |||
| Severance charges | — | % | — | % | (0.1 | )% | |||
| IP litigation costs, net | — | % | — | % | (0.3 | )% | |||
| Non-GAAP SG&A expenses | 12.4 | % | 11.5 | % | 10.4 | % | |||
| GAAP IPR&D impairment losses | — | % | 1.3 | % | 21.8 | % | |||
| IPR&D impairment losses | — | % | (1.3 | )% | (21.8 | )% | |||
| Non-GAAP IPR&D impairment losses | — | % | — | % | — | % | |||
| GAAP restructuring expenses | 1.5 | % | — | % | 2.3 | % | |||
| Restructuring Charges | (1.5 | )% | — | % | (2.3 | )% | |||
| Non-GAAP restructuring expenses | — | % | — | % | — | % | |||
| GAAP income (loss) before income taxes | 9.9 | % | 11.2 | % | (8.6 | )% | |||
| Total non-GAAP adjustments before income taxes | 19.8 | % | 19.3 | % | 39.2 | % | |||
| Non-GAAP income before income taxes | 29.7 | % | 30.5 | % | 30.6 | % | |||
| GAAP income tax expense (benefit) | 0.3 | % | 1.1 | % | 0.1 | % | |||
| Tax impact of non-GAAP adjustments | — | % | (0.6 | )% | 0.3 | % | |||
| Non-GAAP income tax expense | 0.3 | % | 0.5 | % | 0.4 | % | |||
| GAAP net income (loss) | 9.6 | % | 10.0 | % | (8.6 | )% | |||
| Total non-GAAP adjustments before income taxes | 19.8 | % | 19.3 | % | 39.2 | % | |||
| Total tax adjustments | — | % | (0.6 | )% | 0.3 | % | |||
| Non-GAAP net income | 29.5 | % | 29.9 | % | 30.2 | % | |||
|
MaxLinear, Inc. Announces Fourth Quarter 2016 Financial Results and the Acquisition of Marvell's G.hn Business
|
|
||||||
|
|
|||||||
|
|||||||
