- For an explanation of GAAP to non-GAAP adjustments, please see “Non-GAAP Financial Measures” on page 2 of this release.
- Financial leverage, is defined as net debt divided by trailing twelve months adjusted EBITDA.
- During the second quarter of 2019 NXP repurchased 6.6 million shares for a total cost of $645 million; and paid cash dividends of $71 million.
- Weighted average number of diluted shares for the three-month period ended June 30, 2019 was 285.1 million.
- Cash paid for income taxes related to on-going operations was $30 million. Items not related to on-going operations resulted in additional cash payments of $36 million, which was mainly due to the divestment of the Standard Products business.
Guidance for the Third Quarter 2019: ($ millions) (1)
| Guidance Range | ||||||||||||||||||||||||||||||||||
| GAAP | Reconciliation | non-GAAP | ||||||||||||||||||||||||||||||||
| Low | Mid | High | Low | Mid | High | |||||||||||||||||||||||||||||
| Total Revenue | $ | 2,210 | $ | 2,240 | $ | 2,270 | $ | - | $ | 2,210 | $ | 2,240 | $ | 2,270 | ||||||||||||||||||||
| Q-Q | 0 | % | 1 | % | 2 | % | 0 | % | 1 | % | 2 | % | ||||||||||||||||||||||
| Y-Y | -10 | % | -8 | % | -7 | % | -10 | % | -8 | % | -7 | % | ||||||||||||||||||||||
| Gross Profit | $ | 1,151 | $ | 1,173 | $ | 1,196 | $ | (29 | ) | $ | 1,180 | $ | 1,202 | $ | 1,225 | |||||||||||||||||||
| Gross Margin | 52.1 | % | 52.4 | % | 52.7 | % | 53.4 | % | 53.7 | % | 54.0 | % | ||||||||||||||||||||||
| Operating Income (loss) | $ | 167 | $ | 180 | $ | 193 | $ | (485 | ) | $ | 652 | $ | 665 | $ | 678 | |||||||||||||||||||
| Operating Margin | 7.6 | % | 8.0 | % | 8.5 | % | 29.5 | % | 29.7 | % | 29.9 | % | ||||||||||||||||||||||
| Financial income (expense) | $ | (84 | ) | $ | (84 | ) | $ | (84 | ) | $ | (15 | ) | $ | (69 | ) | $ | (69 | ) | $ | (69 | ) | |||||||||||||
