| MAXLINEAR, INC. | ||||||||
| UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | ||||||||
| Year ended | ||||||||
| December 31, 2016 | December 31, 2015 | |||||||
| GAAP cost of net revenue | 40.7 | % | 48.3 | % | ||||
| Stock-based compensation | (0.1 | )% | (0.1 | )% | ||||
| Performance based equity | — | % | (0.1 | )% | ||||
| Amortization of inventory step-up | (1.4 | )% | (4.7 | )% | ||||
| Amortization of purchased intangible assets | (2.2 | )% | (1.4 | )% | ||||
| Impairment of production masks | — | % | (0.1 | )% | ||||
| Non-GAAP cost of net revenue | 37.0 | % | 41.9 | % | ||||
| GAAP R&D expenses | 25.2 | % | 28.4 | % | ||||
| Stock-based compensation | (3.5 | )% | (3.9 | )% | ||||
| Incentive award compensation | (0.2 | )% | (0.5 | )% | ||||
| Performance based equity | (1.2 | )% | (1.3 | )% | ||||
| Amortization of purchased intangible assets | (0.1 | )% | (0.1 | )% | ||||
| Severance charges | — | % | (0.3 | )% | ||||
| Restricted merger proceeds and contingent consideration | (0.2 | )% | (0.3 | )% | ||||
| Non-GAAP R&D expenses | 20.0 | % | 22.0 | % | ||||
| GAAP SG&A expenses | 16.6 | % | 26.0 | % | ||||
| Stock-based compensation | (1.8 | )% | (1.9 | )% | ||||
| Incentive award compensation | — | % | — | % | ||||
| Performance based equity | (0.7 | )% | (0.7 | )% | ||||
| Amortization of purchased intangible assets | (1.8 | )% | (8.3 | )% | ||||
| Acquisition and integration costs | (0.6 | )% | (1.8 | )% | ||||
| Restricted merger proceeds and contingent consideration | (0.1 | )% | — | % | ||||
| Severance charges | — | % | (0.2 | )% | ||||
| IP litigation costs, net | (0.2 | )% | (0.5 | )% | ||||
| Non-GAAP SG&A expenses | 11.4 | % | 12.5 | % | ||||
| GAAP IPR&D impairment losses | 0.3 | % | 7.2 | % | ||||
| IPR&D impairment Losses | (0.3 | )% | (7.2 | )% | ||||
| Non-GAAP IPR&D impairment losses | — | % | — | % | ||||
| GAAP restructuring expenses | 0.9 | % | 4.7 | % | ||||
| Restructuring Charges | (0.9 | )% | (4.7 | )% | ||||
| Non-GAAP restructuring expenses | — | % | — | % | ||||
| GAAP income (loss) before income taxes | 16.4 | % | (14.3 | )% | ||||
| Total non-GAAP adjustments before income taxes | 15.4 | % | 38.1 | % | ||||
| Non-GAAP income before income taxes | 31.8 | % | 23.8 | % | ||||
| GAAP income tax expense (benefit) | 0.6 | % | (0.2 | )% | ||||
| Tax impact of non-GAAP adjustments | — | % | (0.1 | )% | ||||
| Release of valuation allowance due to net deferred liability acquired | — | % | 0.6 | % | ||||
| Non-GAAP income tax expense | 0.6 | % | 0.3 | % | ||||
| GAAP net income (loss) | 15.8 | % | (14.1 | )% | ||||
| Total non-GAAP adjustments before income taxes | 15.4 | % | 38.1 | % | ||||
| Total tax adjustments | — | % | 0.5 | % | ||||
| Non-GAAP net income | 31.2 | % | 23.5 | % | ||||
MaxLinear, Inc. Announces Fourth Quarter 2016 Financial Results and the Acquisition of Marvell's G.hn Business
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