| NXP Semiconductors | ||||||||||||||||
| Table 4: Reconciliation of GAAP to non-GAAP Segment Results (unaudited) | ||||||||||||||||
| ($ in millions) | Three Months Ended | |||||||||||||||
| July 2, 2017 | April 2, 2017 | July 3, 2016 | ||||||||||||||
| High Performance Mixed Signal (HPMS) | 2,098 | 2,011 | 2,014 | |||||||||||||
| Standard Products | - | 118 | 303 | |||||||||||||
| Product Revenue | 2,098 | 2,129 | 2,317 | |||||||||||||
| Corporate and Other | 104 | 82 | 48 | |||||||||||||
| Total Revenue | $ | 2,202 | $ | 2,211 | $ | 2,365 | ||||||||||
| HPMS Revenue | $ | 2,098 | $ | 2,011 | $ | 2,014 | ||||||||||
| Percent of Total Revenue | 95.3 | % | 91.0 | % | 85.2 | % | ||||||||||
| HPMS segment GAAP gross profit | 1,066 | 1,030 | 998 | |||||||||||||
| PPA effects | (74 | ) | (58 | ) | (64 | ) | ||||||||||
| Restructuring | - | - | (10 | ) | ||||||||||||
| Stock based compensation | (8 | ) | (8 | ) | (9 | ) | ||||||||||
| Other incidentals | - | - | - | |||||||||||||
| HPMS segment non-GAAP gross profit | $ | 1,148 | $ | 1,096 | $ | 1,081 | ||||||||||
| HPMS segment GAAP gross margin | 50.8 | % | 51.2 | % | 49.6 | % | ||||||||||
| HPMS segment non-GAAP gross margin | 54.7 | % | 54.5 | % | 53.7 | % | ||||||||||
| HPMS segment GAAP operating profit | 94 | 81 | (56 | ) | ||||||||||||
| PPA effects | (453 | ) | (429 | ) | (501 | ) | ||||||||||
| Restructuring | - | 9 | (39 | ) | ||||||||||||
| Stock based compensation | (67 | ) | (67 | ) | (73 | ) | ||||||||||
| Merger-related costs | (2 | ) | (2 | ) | - | |||||||||||
| Other incidentals | - | - | 13 | |||||||||||||
| HPMS segment non-GAAP operating profit | $ | 616 | $ | 570 | $ | 544 | ||||||||||
| HPMS segment GAAP operating margin | 4.5 | % | 4.0 | % | -2.8 | % | ||||||||||
| HPMS segment non-GAAP operating margin | 29.4 | % | 28.3 | % | 27.0 | % | ||||||||||
| Standard Products Revenue | $ | - | $ | 118 | $ | 303 | ||||||||||
| Percent of Total Revenue | - | 5.3 | % | 12.8 | % | |||||||||||
| Standard Products segment GAAP gross profit | - | 45 | 97 | |||||||||||||
| PPA effects | - | - | - | |||||||||||||
| Restructuring | - | - | - | |||||||||||||
| Stock based compensation | - | (1 | ) | (2 | ) | |||||||||||
| Other incidentals | - | 4 | - | |||||||||||||
| Standard Products segment non-GAAP gross profit | $ | - | $ | 42 | $ | 99 | ||||||||||
| Standard Products segment GAAP gross margin | - | 38.1 | % | 32.0 | % | |||||||||||
| Standard Products segment non-GAAP gross margin | - | 35.6 | % | 32.7 | % | |||||||||||
| Standard Products segment GAAP operating profit | - | 31 | 52 | |||||||||||||
| PPA effects | - | - | (8 | ) | ||||||||||||
| Restructuring | - | - | - | |||||||||||||
| Stock based compensation | - | (2 | ) | (6 | ) | |||||||||||
| Other incidentals | - | 4 | (3 | ) | ||||||||||||
| Standard Products segment non-GAAP operating profit | $ | - | $ | 29 | $ | 69 | ||||||||||
| Standard Products segment GAAP operating margin | - | 26.3 | % | 17.2 | % | |||||||||||
| Standard Products segment non-GAAP operating margin | - | 24.6 | % | 22.8 | % | |||||||||||
| Corporate and Other Revenue | $ | 104 | $ | 82 | $ | 48 | ||||||||||
| Percent of Total Revenue | 4.7 | % | 3.7 | % | 2.0 | % | ||||||||||
| Corporate and Other segment GAAP gross profit | 17 | 4 | 4 | |||||||||||||
| PPA effects | (2 | ) | (1 | ) | (2 | ) | ||||||||||
| Restructuring | (1 | ) | (1 | ) | - | |||||||||||
| Stock based compensation | 1 | - | (1 | ) | ||||||||||||
| Other incidentals | - | - | 4 | |||||||||||||
| Corporate and Other segment non-GAAP gross profit | $ | 19 | $ | 6 | $ | 3 | ||||||||||
| Corporate and Other segment GAAP gross margin | 16.3 | % | 4.9 | % | 8.3 | % | ||||||||||
| Corporate and Other segment non-GAAP gross margin | 18.3 | % | 7.3 | % | 6.3 | % | ||||||||||
| Corporate and Other segment GAAP operating profit | (44 | ) | 1,567 | (22 | ) | |||||||||||
| PPA effects | (2 | ) | (1 | ) | (5 | ) | ||||||||||
| Restructuring | (2 | ) | (1 | ) | (1 | ) | ||||||||||
| Stock based compensation | - | 1 | (1 | ) | ||||||||||||
| Merger-related costs | (33 | ) | (28 | ) | (11 | ) | ||||||||||
| Other incidentals | (16 | ) | 1,596 | 1 | ) | 3 | ||||||||||
| Corporate and Other segment non-GAAP operating profit | $ | 9 | $ | - | $ | (7 | ) | |||||||||
| Corporate and Other segment GAAP operating margin | -42.3 | % | 1911.0 | % | -45.8 | % | ||||||||||
| Corporate and Other segment non-GAAP operating margin | 8.7 | % | 0.0 | % | -14.6 | % | ||||||||||
| 1) Adjustment relates primarily to the gain on the sale of the SP business on February 6, 2017. | ||||||||||||||||
NXP Semiconductors Reports Second Quarter 2017 Results
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