| 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 | % | ||||||||
NXP Semiconductors Reports Third Quarter 2016 Results
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