Based on product booking trends, backlog levels and estimated turns levels, the Company anticipates that total revenue in the first quarter of 2018 will be approximately $1,340 to $1,390 million. The outlook for the first quarter of 2018 includes anticipated stock-based compensation expense of approximately $18 million to $20 million. Net cash paid for income taxes is expected to be $18 million to $22 million.
The following table outlines ON Semiconductor's projected first quarter of 2018 GAAP and non-GAAP outlook.
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Total ON Semiconductor
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Special
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Total ON Semiconductor
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| Revenue | $1,340 to $1,390 million | $1,340 to $1,390 million | ||||||
| Gross Margin | 36.4% to 38.4% | 36.4% to 38.4% | ||||||
| Operating Expenses | $318 to $336 million | $28 to $32 million | $290 to $304 million | |||||
| Other Income and Expense (including interest expense), net | $33 to $36 million | $8 to $9 million* | $25 to $27 million | |||||
| Diluted Share Count ** | 445-447 million | 432 million | ||||||
