-
Additional Information for the
First Quarter 2019
:
- 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 first quarter of 2019 NXP repurchased 8.5 million shares for a total cost of $715 million.
- Weighted average number of diluted shares for the three month period ended March 31, 2019 was 287.2 million and as the company reported a net loss, it excludes the incremental impact of dilutive potential common shares of 1.6 million shares.
- Cash paid for income taxes related to on-going operations was $17 million. Items not related to on-going operations resulted in additional cash payments of $192 million, which was mainly due to the termination fee associated with the terminated Qualcomm transaction, offset by a benefit associated with the divestment of the Standard Products business.
Guidance for the Second Quarter 2019: ($ millions) (1)
| Guidance Range | ||||||||||||||||||||||||||||||
| GAAP | Reconciliation | non-GAAP | ||||||||||||||||||||||||||||
| Low | Mid | High | Low | Mid | High | |||||||||||||||||||||||||
| Total Revenue | $ | 2,150 | $ | 2,200 | $ | 2,250 | $ | - | $ | 2,150 | $ | 2,200 | $ | 2,250 | ||||||||||||||||
| Q-Q | 3 | % | 5 | % | 7 | % | 3 | % | 5 | % | 7 | % | ||||||||||||||||||
| Y-Y | -6 | % | -4 | % | -2 | % | -6 | % | -4 | % | -2 | % | ||||||||||||||||||
| Gross Profit | $ | 1,107 | $ | 1,145 | $ | 1,183 | $ | (27 | ) | $ | 1,134 | $ | 1,172 | $ | 1,210 | |||||||||||||||
| Gross Margin | 51.5 | % | 52.0 | % | 52.6 | % | 52.7 | % | 53.3 | % | 53.8 | % | ||||||||||||||||||
| Operating Income (loss) | $ | 95 | $ | 123 | $ | 150 | $ | (494 | ) | $ | 589 | $ | 617 | $ | 644 | |||||||||||||||
| Operating Margin | 4.4 | % | 5.6 | % | 6.7 | % | 27.4 | % | 28.0 | % | 28.6 | % | ||||||||||||||||||
| Financial income (expense) | $ | (78 | ) | $ | (78 | ) | $ | (78 | ) | $ | (14 | ) | $ | (64 | ) | $ | (64 | ) | $ | (64 | ) | |||||||||
