1. Additional Information for the Fourth Quarter and Full-year 2019:
- For an explanation of GAAP to non-GAAP adjustments, please see “Non-GAAP Financial Measures”.
- Financial leverage is defined as net debt divided by trailing twelve months adjusted EBITDA.
- During the fourth quarter of 2019, NXP repurchased 0.7 million shares for a total cost of $74 million and paid cash dividends of $105 million. Full year 2019, NXP repurchased 15.9 million shares for a total cost of $1,443 million, paid cash dividends of $319 million.
- Weighted average number of diluted shares for the three-month period ended December 31, 2019 was 285.5 million. Weighted average number of diluted shares for the twelve-month period ended December 31, 2019 was 285.9 million.
- Cash paid for income taxes related to on-going operations was $34 million. Full year 2019 $120 million.
Guidance for the First Quarter 2020: ($ millions) (1)
| Guidance Range | |||||||||||||||||||||||||||
| GAAP | Reconciliation | non-GAAP | |||||||||||||||||||||||||
| Low | Mid | High | Low | Mid | High | ||||||||||||||||||||||
| Total Revenue | $ | 2,195 | $ | 2,225 | $ | 2,255 | $ | 2,195 | $ | 2,225 | $ | 2,255 | |||||||||||||||
| Q-Q | -5 | % | -3 | % | -2 | % | -5 | % | -3 | % | -2 | % | |||||||||||||||
| Y-Y | 5 | % | 6 | % | 8 | % | 5 | % | 6 | % | 8 | % | |||||||||||||||
| Gross Profit | $ | 1,114 | $ | 1,137 | $ | 1,160 | $ | (47 | ) | $ | 1,161 | $ | 1,184 | $ | 1,207 | ||||||||||||
| Gross Margin | 50.8 | % | 51.1 | % | 51.4 | % | 52.9 | % | 53.2 | % | 53.5 | % | |||||||||||||||
| Operating Income (loss) | $ | 165 | $ | 179 | $ | 193 | $ | (434 | ) | $ | 599 | $ | 613 | $ | 627 | ||||||||||||
| Operating Margin | 7.5 | % | 8.0 | % | 8.6 | % | 27.3 | % | 27.6 | % | 27.8 | % | |||||||||||||||
| Financial Income (expense) | $ | (80 | ) | $ | (80 | ) | $ | (80 | ) | $ | (2 | ) | $ | (78 | ) | $ | (78 | ) | $ | (78 | ) | ||||||
