- As a result of the FSL Merger, NXP has included previously reported Freescale Semiconductor (“Freescale”) product group revenue into its various existing High Performance Mixed Signal (HPMS) and Standard Products (STDP) segments. As of the fourth quarter 2015, the NXP HPMS operating segments include the following (1) Automotive includes revenue from Freescale’s Automotive MCU and Analog & Sensor product groups; (2) Secure Connected Devices includes revenue from Freescale’s Microcontroller product group; (3) Secure Interface & Infrastructure, previously known as Secure Interface & Power includes revenue from Freescale’s Digital Networking and RF product groups. Additionally, certain portions of Freescale’s Analog & Sensor product group and Other revenue is apportioned to various NXP operating segments consistent with NXPs prior product and revenue classification approach, this included product-functionality alignment as well intellectual property (IP) sales and licensing revenue.
- Product revenue is the combination of revenue from the High Performance Mixed Signal (HPMS) and Standard Products (STDP) segments. Percent of quarterly total amounts may not add to 100 percent due to rounding.
Guidance for the First Quarter 2016: ($ millions) (1)
| Low | Mid | High | ||||||||||||
| Product Revenue | $ | 2,117 | $ | 2,174 | $ | 2,232 | ||||||||
| Q-Q | 34 | % | 38 | % | 42 | % | ||||||||
| Other Revenue | $ | 34 | $ | 36 | $ | 38 | ||||||||
| Total Revenue | $ | 2,150 | $ | 2,210 | $ | 2,270 | ||||||||
| Q-Q | 34 | % | 38 | % | 41 | % | ||||||||
| Non-GAAP Gross Pr ofit | $ | 1,055 | $ | 1,094 | $ | 1,135 | ||||||||
| Non-GAAP Gross M argin | 49.0 | % | 49.5 | % | 50.0 | % | ||||||||
| Non-GAAP Operatin g Margin | 22.5 | % | 23.0 | % | 23.5 | % | ||||||||
| Interest Expense | $ | (95 | ) | $ | (95 | ) | $ | (95 | ) | |||||
| Cash Taxes | $ | (15 | ) | $ | (16 | ) | $ | (17 | ) | |||||
| Non-controlling Interest | $ | (6 | ) | $ | (10 | ) | $ | (14 | ) | |||||
| Non-GAAP Net Income | $ | 370 | $ | 388 | $ | 407 | ||||||||
| Ave. Diluted Shares | 354 | 354 | 354 | |||||||||||
| Non - GAAP EPS | $ | 1.05 | $ | 1.10 | $ | 1.15 | ||||||||
