| Additional information | |||||||||||||
| Automotive | $ | 994 | $ | 1,097 | $ | 1,036 | -9 | % | -4 | % | |||
| Industrial & IoT | $ | 376 | $ | 415 | $ | 368 | -9 | % | 2 | % | |||
| Mobile | $ | 247 | $ | 332 | $ | 241 | -26 | % | 2 | % | |||
| Comm. Infra. & Other | $ | 404 | $ | 457 | $ | 449 | -12 | % | -10 | % | |||
| DIO | 113 | 102 | 113 | ||||||||||
| DPO | 83 | 81 | 74 | ||||||||||
| DSO | 28 | 26 | 35 | ||||||||||
| Cash Conversion Cycle | 58 | 47 | 74 | ||||||||||
| Channel Inventory (months) | 2.4 | 2.3 | 2.4 | ||||||||||
| Financial Leverage (ii) | 2.1x | 2.0x | 1.7x | ||||||||||
1. Additional Information for the First Quarter 2020:
- For an explanation of GAAP to non-GAAP adjustments, please see “Non-GAAP Financial Measures”.
- Financial leverage is defined as net debt divided by trailing twelve months adjusted EBITDA.
- During the first quarter of 2020, NXP repurchased 2.9 million shares for a total cost of $355 million and paid cash dividends of $105 million.
- Weighted average number of diluted shares for the three-month period ended March 29, 2020 was 279.9 million and as the company reported a net loss, it excludes the incremental impact of dilutive potential common shares of 3.5 million shares.
- Cash paid for income taxes related to on-going operations was $28 million. Items not related to on-going operations resulted in additional cash payments of $11 million.
