| NXP Semiconductors | ||||||||||||||||
| Table 4: Reconciliation of GAAP to non-GAAP Segment Results (unaudited) | ||||||||||||||||
| ($ in millions) | Three Months Ended | |||||||||||||||
| April 1, 2018 | December 31, 2017 | April 2, 2017 | ||||||||||||||
| High Performance Mixed Signal (HPMS) | 2,166 | 2,348 | 2,011 | |||||||||||||
| Standard Products | - | - | 118 | |||||||||||||
| Product Revenue | 2,166 | 2,348 | 2,129 | |||||||||||||
| Corporate and Other | 103 | 108 | 82 | |||||||||||||
| Total Revenue | $ | 2,269 | $ | 2,456 | $ | 2,211 | ||||||||||
| HPMS Revenue | $ | 2,166 | $ | 2,348 | $ | 2,011 | ||||||||||
| Percent of Total Revenue | 95.5 | % | 95.6 | % | 91.0 | % | ||||||||||
| HPMS segment GAAP gross profit | 1,161 | 1,228 | 1,030 | |||||||||||||
| PPA effects | (18 | ) | (78 | ) | (58 | ) | ||||||||||
| Restructuring | - | - | - | |||||||||||||
| Stock based compensation | (9 | ) | (10 | ) | (8 | ) | ||||||||||
| Other incidentals | - | - | - | |||||||||||||
| HPMS segment non-GAAP gross profit | $ | 1,188 | $ | 1,316 | $ | 1,096 | ||||||||||
| HPMS segment GAAP gross margin | 53.6 | % | 52.3 | % | 51.2 | % | ||||||||||
| HPMS segment non-GAAP gross margin | 54.8 | % | 56.0 | % | 54.5 | % | ||||||||||
| HPMS segment GAAP operating profit | 161 | 246 | 81 | |||||||||||||
| PPA effects | (381 | ) | (430 | ) | (429 | ) | ||||||||||
| Restructuring | - | - | 9 | |||||||||||||
| Stock based compensation | (69 | ) | (77 | ) | (67 | ) | ||||||||||
| Merger-related costs | (3 | ) | (3 | ) | (2 | ) | ||||||||||
| Other incidentals | - | - | - | |||||||||||||
| HPMS segment non-GAAP operating profit | $ | 614 | $ | 756 | $ | 570 | ||||||||||
| HPMS segment GAAP operating margin | 7.4 | % | 10.5 | % | 4.0 | % | ||||||||||
| HPMS segment non-GAAP operating margin | 28.3 | % | 32.2 | % | 28.3 | % | ||||||||||
| Standard Products Revenue | $ | - | $ | - | $ | 118 | ||||||||||
| Percent of Total Revenue | - | - | 5.3 | % | ||||||||||||
| Standard Products segment GAAP gross profit | - | - | 45 | |||||||||||||
| PPA effects | - | - | - | |||||||||||||
| Restructuring | - | - | - | |||||||||||||
| Stock based compensation | - | - | (1 | ) | ||||||||||||
| Other incidentals | - | - | 4 | |||||||||||||
| Standard Products segment non-GAAP gross profit | $ | - | $ | - | $ | 42 | ||||||||||
| Standard Products segment GAAP gross margin |
NM
|
NM
| 38.1 | % | ||||||||||||
| Standard Products segment non-GAAP gross margin |
NM
|
NM
| 35.6 | % | ||||||||||||
| Standard Products segment GAAP operating profit | - | - | 31 | |||||||||||||
| PPA effects | - | - | - | |||||||||||||
| Restructuring | - | - | - | |||||||||||||
| Stock based compensation | - | - | (2 | ) | ||||||||||||
| Other incidentals | - | - | 4 | |||||||||||||
| Standard Products segment non-GAAP operating profit | $ | - | $ | - | $ | 29 | ||||||||||
| Standard Products segment GAAP operating margin |
NM
|
NM
| 26.3 | % | ||||||||||||
| Standard Products segment non-GAAP operating margin |
NM
|
NM
| 24.6 | % | ||||||||||||
| Corporate and Other Revenue | $ | 103 | $ | 108 | $ | 82 | ||||||||||
| Percent of Total Revenue | 4.5 | % | 4.4 | % | 3.7 | % | ||||||||||
| Corporate and Other segment GAAP gross profit | 11 | 14 | 4 | |||||||||||||
| PPA effects | (1 | ) | (1 | ) | (1 | ) | ||||||||||
| Restructuring | - | - | (1 | ) | ||||||||||||
| Stock based compensation | - | - | - | |||||||||||||
| Other incidentals | - | - | - | |||||||||||||
| Corporate and Other segment non-GAAP gross profit | $ | 12 | $ | 15 | $ | 6 | ||||||||||
| Corporate and Other segment GAAP gross margin | 10.7 | % | 13.0 | % | 4.9 | % | ||||||||||
| Corporate and Other segment non-GAAP gross margin | 11.7 | % | 13.9 | % | 7.3 | % | ||||||||||
| Corporate and Other segment GAAP operating profit | (23 | ) | (36 | ) | 1,567 | |||||||||||
| PPA effects | (1 | ) | (1 | ) | (1 | ) | ||||||||||
| Restructuring | (1 | ) | - | (1 | ) | |||||||||||
| Stock based compensation | - | (1 | ) | 1 | ||||||||||||
| Merger-related costs | (23 | ) | (29 | ) | (28 | ) | ||||||||||
| Other incidentals | (1 | ) | (12 | ) | 1,596 | 1 | ) | |||||||||
| Corporate and Other segment non-GAAP operating profit | $ | 3 | $ | 7 | $ | - | ||||||||||
| Corporate and Other segment GAAP operating margin | -22.3 | % | -33.3 | % | 1911.0 | % | ||||||||||
| Corporate and Other segment non-GAAP operating margin | 2.9 | % | 6.5 | % | 0.0 | % | ||||||||||
| 1) Adjustment relates primarily to the gain on the sale of the SP business on February 6, 2017. | ||||||||||||||||
NXP Semiconductors Reports First Quarter 2018 Results
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