| NXP Semiconductors | ||||||||||||||||
| Table 4: Reconciliation of GAAP to non-GAAP Segment Results (unaudited) | ||||||||||||||||
| ($ in millions) | Three Months Ended | |||||||||||||||
| Oct. 1, 2017 | July 2, 2017 | Oct. 2, 2016 | ||||||||||||||
| High Performance Mixed Signal (HPMS) | 2,288 | 2,098 | 2,099 | |||||||||||||
| Standard Products | - | - | 320 | |||||||||||||
| Product Revenue | 2,288 | 2,098 | 2,419 | |||||||||||||
| Corporate and Other | 99 | 104 | 50 | |||||||||||||
| Total Revenue | $ | 2,387 | $ | 2,202 | $ | 2,469 | ||||||||||
| HPMS Revenue | $ | 2,288 | $ | 2,098 | $ | 2,099 | ||||||||||
| Percent of Total Revenue | 95.9 | % | 95.3 | % | 85.0 | % | ||||||||||
| HPMS segment GAAP gross profit | 1,203 | 1,066 | 1,059 | |||||||||||||
| PPA effects | (58 | ) | (74 | ) | (63 | ) | ||||||||||
| Stock based compensation | (7 | ) | (8 | ) | (10 | ) | ||||||||||
| Merger-related costs | (1 | ) | - | - | ||||||||||||
| HPMS segment non-GAAP gross profit | $ | 1,269 | $ | 1,148 | $ | 1,132 | ||||||||||
| HPMS segment GAAP gross margin | 52.6 | % | 50.8 | % | 50.5 | % | ||||||||||
| HPMS segment non-GAAP gross margin | 55.5 | % | 54.7 | % | 53.9 | % | ||||||||||
| HPMS segment GAAP operating profit | 235 | 94 | 116 | |||||||||||||
| PPA effects | (425 | ) | (453 | ) | (428 | ) | ||||||||||
| Stock based compensation | (67 | ) | (67 | ) | (72 | ) | ||||||||||
| Merger-related costs | (3 | ) | (2 | ) | - | |||||||||||
| HPMS segment non-GAAP operating profit | $ | 730 | $ | 616 | $ | 616 | ||||||||||
| HPMS segment GAAP operating margin | 10.3 | % | 4.5 | % | 5.5 | % | ||||||||||
| HPMS segment non-GAAP operating margin | 31.9 | % | 29.4 | % | 29.3 | % | ||||||||||
| Standard Products Revenue | $ | - | $ | - | $ | 320 | ||||||||||
| Percent of Total Revenue | - | - | 13.0 | % | ||||||||||||
| Standard Products segment GAAP gross profit | - | - | 123 | |||||||||||||
| Other incidentals | - | - | 14 | |||||||||||||
| Standard Products segment non-GAAP gross profit | $ | - | $ | - | $ | 109 | ||||||||||
| Standard Products segment GAAP gross margin | - | - | 38.4 | % | ||||||||||||
| Standard Products segment non-GAAP gross margin | - | - | 34.1 | % | ||||||||||||
| Standard Products segment GAAP operating profit | - | - | 85 | |||||||||||||
| Stock based compensation | - | - | (4 | ) | ||||||||||||
| Other incidentals | - | - | 11 | |||||||||||||
| Standard Products segment non-GAAP operating profit | $ | - | $ | - | $ | 78 | ||||||||||
| Standard Products segment GAAP operating margin | - | - | 26.6 | % | ||||||||||||
| Standard Products segment non-GAAP operating margin | - | - | 24.4 | % | ||||||||||||
| Corporate and Other Revenue | $ | 99 | $ | 104 | $ | 50 | ||||||||||
| Percent of Total Revenue | 4.1 | % | 4.7 | % | 2.0 | % | ||||||||||
| Corporate and Other segment GAAP gross profit | 12 | 17 | 2 | |||||||||||||
| PPA effects | (1 | ) | (2 | ) | (1 | ) | ||||||||||
| Restructuring | (1 | ) | (1 | ) | (3 | ) | ||||||||||
| Stock based compensation | - | 1 | - | |||||||||||||
| Corporate and Other segment non-GAAP gross profit | $ | 14 | $ | 19 | $ | 6 | ||||||||||
| Corporate and Other segment GAAP gross margin | 12.1 | % | 16.3 | % | 4.0 | % | ||||||||||
| Corporate and Other segment non-GAAP gross margin | 14.1 | % | 18.3 | % | 12.0 | % | ||||||||||
| Corporate and Other segment GAAP operating profit | (72 | ) | (44 | ) | (27 | ) | ||||||||||
| PPA effects | (1 | ) | (2 | ) | (4 | ) | ||||||||||
| Restructuring | (7 | ) | (2 | ) | (3 | ) | ||||||||||
| Stock based compensation | (1 | ) | - | (1 | ) | |||||||||||
| Merger-related costs | (39 | ) | (33 | ) | (14 | ) | ||||||||||
| Other incidentals | (29 | ) | (16 | ) | (2 | ) | ||||||||||
| Corporate and Other segment non-GAAP operating profit | $ | 5 | $ | 9 | $ | (3 | ) | |||||||||
| Corporate and Other segment GAAP operating margin | -72.7 | % | -42.3 | % | -54.0 | % | ||||||||||
| Corporate and Other segment non-GAAP operating margin | 5.1 | % | 8.7 | % | -6.0 | % | ||||||||||
NXP Semiconductors Reports Third Quarter 2017 Results
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