| Additional information | ||||||||
| Q2 2021 | Q1 2021 | Q2 2020 | Q - Q | Y - Y | ||||
| Automotive | $ | 1,262 | $ | 1,229 | $ | 674 | 3% | 87% |
| Industrial & IoT | $ | 571 | $ | 571 | $ | 435 | —% | 31% |
| Mobile | $ | 347 | $ | 346 | $ | 255 | —% | 36% |
| Comm. Infra. & Other | $ | 416 | $ | 421 | $ | 453 | -1% | -8% |
| DIO | 88 | 81 | 120 | |||||
| DPO | 92 | 79 | 71 | |||||
| DSO | 35 | 30 | 24 | |||||
| Cash Conversion Cycle | 31 | 32 | 73 | |||||
| Channel Inventory (months) | 1.6 | 1.6 | 2.4 | |||||
| Financial Leverage (ii) | 1.9x | 1.9x | 2.2x | |||||
-
Additional Information for the Second Quarter 2021:
- 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 second quarter of 2021, NXP repurchased 6.1 million shares for a total cost of $1,203 million and paid cash dividends of $155 million.
- Weighted average number of diluted shares for the three-month period ended July 4, 2021 was 278.7 million.
- Net cash paid for income taxes related to on-going operations was $50 million. Net cash paid for income taxes not related to on-going operations resulted in additional cash payments of $71 million.
Guidance for the Third Quarter 2021: ($ millions) (1)
| Guidance Range | |||||||||||||||
| GAAP | Reconciliation | non-GAAP | |||||||||||||
| Low | Mid | High | Low | Mid | High | ||||||||||
| Total Revenue | $ 2,775 | $ 2,850 | $ 2,925 | $ 2,775 | $ 2,850 | $ 2,925 | |||||||||
| Q-Q | 7% | 10% | 13% | 7% | 10% | 13% | |||||||||
| Y-Y | 22% | 26% | 29% | 22% | 26% | 29% | |||||||||
| Gross Profit | $ 1,518 | $ 1,568 | $ 1,620 | $(37) | $ 1,555 | $ 1,605 | $ 1,657 | ||||||||
| Gross Margin | 54.7% | 55.0% | 55.4% | 56.0% | 56.3% | 56.6% | |||||||||
| Operating Income (loss) | $ 650 | $ 690 | $ 732 | $(250) | $ 900 | $ 940 | $ 982 | ||||||||
| Operating Margin | 23.4% | 24.2% | 25.0% | 32.4% | 33.0% | 33.6% | |||||||||
| Financial Income (expense) | $(99) | $(99) | $(99) | $(3) | $(96) | $(96) | $(96) | ||||||||
