- Beginning January 1, 2019, NXP will begin to provide supplemental revenue information by end-market, defined as Automotive; Industrial & IoT; Mobile; and Communication Infrastructure & Other. Additionally, NXP will report the net profit - revenue less costs and expenses - associated with its manufacturing service agreements related to previously divested assets in Other Income and Expense. To help investors better understand this supplemental information NXP provided the current and comparable period revenue in both the existing format and the new end market on its investor relations website at www.nxp.com/investor.
- For an explanation of GAAP to non-GAAP adjustments, please see “Non-GAAP Financial Measures” on page 2 of this release.
- Financial leverage, is defined as net debt divided by trailing twelve months adjusted EBITDA.
- During the fourth quarter of 2018 NXP repurchased 5 million shares for a total cost of $393 million.
- Weighted average number of diluted shares for the three-month period ended December 31, 2018 was 295 million, a reduction of 52 million shares as compared to the fourth quarter of 2017.
- Cash paid for income taxes related to on-going operations was $29 million. Items not related to on-going operations resulted in additional cash payments of $32 million, which was mainly due to the divestment of the Standard Products business.
Guidance for the First Quarter 2019: ($ millions) (1)
| Guidance Range | ||||||||||||||||||||||||||||
| GAAP | Reconciliation | non-GAAP | ||||||||||||||||||||||||||
| Low | Mid | High | Low | Mid | High | |||||||||||||||||||||||
| Total Revenue | $ | 2,020 | $ | 2,090 | $ | 2,160 | $ | - | $ | 2,020 | $ | 2,090 | $ | 2,160 | ||||||||||||||
| Q-Q | -16 | % | -13 | % | -10 | % | -16 | % | -13 | % | -10 | % | ||||||||||||||||
| Y-Y | -11 | % | -8 | % | -5 | % | -11 | % | -8 | % | -5 | % | ||||||||||||||||
| Gross Profit | $ | 1,010 | $ | 1,060 | $ | 1,112 | $ | (33 | ) | $ | 1,043 | $ | 1,093 | $ | 1,145 | |||||||||||||
| Gross Margin | 50.0 | % | 50.7 | % | 51.5 | % | 51.6 | % | 52.3 | % | 53.0 | % | ||||||||||||||||
| Operating Income (l oss) | $ | 6 | $ | 44 | $ | 84 | $ | (499 | ) | $ | 505 | $ | 543 | $ | 583 | |||||||||||||
| Operating Margin | 0.3 | % | 2.1 | % | 3.9 | % | 25.0 | % | 26.0 | % | 27.0 | % | ||||||||||||||||
| Financial income (expense) | $ | (76 | ) | $ | (76 | ) | $ | (76 | ) | $ | (14 | ) | $ | (62 | ) | $ | (62 | ) | $ | (62 | ) | |||||||
