| MAXLINEAR, INC. | ||||||||
| UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | ||||||||
| Three Months Ended | ||||||||
|
December 31,
2015 |
September 30,
2015 |
December 31,
2014 | ||||||
| GAAP cost of net revenue | 43.6 | % | 46.4 | % | 39.2 | % | ||
| Stock based compensation | — | % | (0.1 | )% | (0.1 | )% | ||
| Performance based equity | (0.1 | )% | (0.2 | )% | — | % | ||
| Amortization of inventory step-up | — | % | (1.0 | )% | — | % | ||
| Amortization of purchased intangible assets | (1.6 | )% | (1.7 | )% | — | % | ||
| Impairment of production masks | — | % | (0.2 | )% | — | % | ||
| Non-GAAP cost of net Revenue | 41.9 | % | 43.3 | % | 39.1 | % | ||
| GAAP R&D expenses | 22.9 | % | 24.7 | % | 45.2 | % | ||
| Stock based compensation | (2.9 | )% | (3.7 | )% | (7.8 | )% | ||
| Incentive award compensation | (1.1 | )% | (0.2 | )% | — | % | ||
| Performance based equity | (1.2 | )% | (1.1 | )% | (2.4 | )% | ||
| Amortization of purchased intangible assets | (0.1 | )% | (0.1 | )% | (0.1 | )% | ||
| Severance charges | — | % | (0.2 | )% | — | % | ||
| Restricted merger proceeds and contingent consideration | (0.2 | )% | (0.2 | )% | (0.4 | )% | ||
| Non-GAAP R&D expenses | 17.3 | % | 19.3 | % | 34.4 | % | ||
| GAAP SG&A expenses | 18.2 | % | 26.7 | % | 29.6 | % | ||
| Stock based compensation | (1.3 | )% | (1.5 | )% | (4.2 | )% | ||
| Incentive award compensation | (0.1 | )% | — | % | — | % | ||
| Performance based equity | (0.6 | )% | (0.8 | )% | (1.0 | )% | ||
| Amortization of purchased intangible assets | (5.0 | )% | (12.7 | )% | — | % | ||
| Acquisition and integration costs | — | % | — | % | (0.7 | )% | ||
| Restricted merger proceeds and contingent consideration | (0.3 | )% | — | % | — | % | ||
| Severance charges | (0.1 | )% | (0.3 | )% | — | % | ||
| IP litigation costs, net | (0.3 | )% | (0.2 | )% | (4.0 | )% | ||
| Non-GAAP SG&A expenses | 10.4 | % | 11.3 | % | 19.6 | % | ||
| GAAP Restructuring Expenses | 24.1 | % | 0.4 | % | — | % | ||
| Impairment Losses | (21.8 | )% | — | % | — | % | ||
| Restructuring Charges | (2.3 | )% | (0.4 | )% | — | % | ||
| Non-GAAP Restructuring Expenses | — | % | — | % | — | % | ||
| GAAP income tax expense (benefit) | 0.1 | % | 0.6 | % | (6.7 | )% | ||
| Release (record) of valuation allowance due to net deferred liability acquired | 0.2 | % | (0.4 | )% | 7.2 | % | ||
| Non-GAAP income tax expense | 0.3 | % | 0.2 | % | 0.5 | % | ||
| GAAP net income (loss) | (8.6 | )% | 1.7 | % | (7.3 | )% | ||
| Total Adjustments | (39.0 | )% | (24.7 | )% | (13.7 | )% | ||
| Non-GAAP net income | 30.4 | % | 26.4 | % | 6.4 | % | ||
MaxLinear, Inc. Announces Fourth Quarter and Fiscal Year 2015 Financial Results
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