NXP Semiconductors Reports Third Quarter 2016 Results


  NXP Semiconductors       
  Table 4: Reconciliation of GAAP to non-GAAP Segment Results (unaudited)      
          
         
 ($ in millions)  Three Months Ended 
    October 2,
2016
  July 3, 2016  October 4,
2015
 
         
 High Performance Mixed Signal (HPMS)    2,099     2,014     1,164  
 Standard Products    320     303     325  
  Product Revenue     2,419       2,317       1,489   
 Corporate and Other    50     48     33  
  Total Revenue  $   2,469    $   2,365    $   1,522   
         
                
         
  HPMS Revenue  $   2,099    $   2,014    $   1,164   
 Percent of Total Revenue  85.0%  85.2%  76.5% 
  HPMS segment GAAP gross profit     1,059       998       626   
  PPA effects       (63 )       (64 )       (1 )  
  Restructuring       -         (10 )       -    
  Stock based compensation       (10 )       (9 )       (2 )  
  Other incidentals       -         -         1    
  HPMS segment non-GAAP gross profit   $   1,132     $   1,081     $   628    
                 
  HPMS segment GAAP gross margin     50.5 %     49.6 %     53.8 %  
  HPMS segment non-GAAP gross margin     53.9 %     53.7 %     54.0 %  
                 
  HPMS segment GAAP operating profit       116         (56 )       331    
  PPA effects       (428 )       (501 )       (14 )  
  Restructuring       -         (39 )       1    
  Stock based compensation       (72 )       (73 )       (28 )  
  Other incidentals       -         13         1    
  HPMS segment non-GAAP operating profit   $   616     $   544     $   371    
                 
  HPMS segment GAAP operating margin     5.5 %     -2.8 %     28.4 %  
  HPMS segment non-GAAP operating margin     29.3 %     27.0 %     31.9 %  
                 
                 
                 
  Standard Products Revenue   $   320     $   303     $   325    
  Percent of Total Revenue     13.0 %     12.8 %     21.4 %  
  Standard  Products segment GAAP gross profit       123         97         108    
  PPA effects       -         -         -    
  Restructuring       -         -         (4 )  
  Stock based compensation       -         (2 )       (1 )  
  Other incidentals       14         -         (2 )  
  Standard Products segment non-GAAP gross profit   $   109     $   99     $   115    
                 
  Standard Products segment GAAP gross margin     38.4 %     32.0 %     33.2 %  
  Standard Products segment non-GAAP gross margin     34.1 %     32.7 %     35.4 %  
                 
  Standard Products segment GAAP operating profit       85         52         56    
  PPA effects       -         (8 )       (12 )  
  Restructuring       -         -         (4 )  
  Stock based compensation       (4 )       (6 )       (6 )  
  Other incidentals       11         (3 )       (2 )  
  Standard Products segment non-GAAP operating profit   $   78     $   69     $   80    
                 
  Standard Products segment GAAP operating margin     26.6 %     17.2 %     17.2 %  
  Standard Products segment non-GAAP operating margin     24.4 %     22.8 %     24.6 %  
                 
                 
                 
  Corporate and Other Revenue   $   50     $   48     $   33    
  Percent of Total Revenue     2.0 %     2.0 %     2.1 %  
  Corporate and Other segment GAAP gross profit       2         4         6    
  PPA effects       (1 )       (2 )       (2 )  
  Restructuring       (3 )       -         -    
  Stock based compensation       -         (1 )       -    
  Other incidentals       -         4         3    
  Corporate and Other segment non-GAAP gross profit   $   6     $   3     $   5    
                 
  Corporate and Other segment GAAP gross margin     4.0 %     8.3 %     18.2 %  
  Corporate and Other segment non-GAAP gross margin     12.0 %     6.3 %     15.2 %  
                 
  Corporate and Other segment GAAP operating profit       (27 )       (22 )       (12 )  
  PPA effects       (4 )       (5 )       (6 )  
  Restructuring       (3 )       (1 )       (1 )  
  Stock based compensation       (1 )       (1 )       -    
  Merger-related costs       (14 )       (11 )       (3 )  
  Other incidentals       (2 )       3         -    
  Corporate and Other segment non-GAAP operating profit   $   (3 )   $   (7 )   $   (2 )  
                 
  Corporate and Other segment GAAP operating margin     -54.0 %     -45.8 %     -36.4 %  
  Corporate and Other segment non-GAAP operating margin     -6.0 %     -14.6 %     -6.1 %  
                 
                 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
Jobs
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Senior Highway Engineer for RS&H at Jacksonville, Florida
Transit GIS analyst/planner for Jarrett Walker and Associates at Portland, Oregon
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Upcoming Events
3D Collaboration & Interoperability Congress at Golden CO - Feb 21 - 24, 2022
IMTS 2022 at McCormick Place Chicago IL - Sep 12 - 17, 2022



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise