NXP Semiconductors Reports Second Quarter 2020 Results
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1. |
Additional Information for the Second Quarter 2020: |
| | | | i. | For an explanation of GAAP to non-GAAP adjustments, please see “Non-GAAP Financial Measures”. |
| | | | ii. | Financial leverage is defined as net debt divided by trailing twelve months adjusted EBITDA. |
| | | • | During the second quarter of 2020, NXP repurchased 0.04 million shares for a total cost of $3.9 million and paid cash dividends of $105 million. |
| | | • | Weighted average number of diluted shares for the three-month period ended June 28, 2020 was 279.1 million and as the company reported a net loss, it excludes the incremental impact of dilutive potential common shares of 2.6 million shares. |
| | | • | Cash paid for income taxes related to on-going operations was $16 million. Items not related to on-going operations resulted in additional cash payments of $9 million. |
| | | | |
Guidance for the Third Quarter 2020: ($ millions) (1)
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Guidance Range | | |
| |
GAAP | |
Reconciliation | |
non-GAAP |
| |
Low | |
Mid | |
High | | | |
Low | |
Mid | |
High |
|
Total Revenue |
$ |
1,900 | | | |
$ |
2,000 | | | |
$ |
2,100 | | | | | |
$ |
1,900 | | | |
$ |
2,000 | | | |
$ |
2,100 | | |
| Q-Q | 5 | | % | | 10 | | % | | 16 | | % | | | | 5 | | % | | 10 | | % | | 16 | | % |
| Y-Y | -16 | | % | | -12 | | % | | -7 | | % | | | | -16 | | % | | -12 | | % | | -7 | | % |
|
Gross Profit |
$ |
882 | | | |
$ |
950 | | | |
$ |
1,019 | | | |
$ |
(30 |
) | | |
$ |
912 | | | |
$ |
980 | | | |
$ |
1,049 | | |
| Gross Margin | 46.4 | | % | | 47.5 | | % | | 48.5 | | % | | | | 48.0 | | % | | 49.0 | | % | | 50.0 | | % |
|
Operating Income (loss) |
$ |
(105 |
) | | |
$ |
(47 |
) | | |
$ |
12 | | | |
$ |
(491 |
) | | |
$ |
386 | | | |
$ |
444 | | | |
$ |
503 | | |
| Operating Margin | -5.5 | | % | | -2.4 | | % | | 0.6 | | % | | | | 20.3 | | % | | 22.2 | | % | | 24.0 | | % |
| Financial Income (expense) | $ | (100 | ) | | | $ | (100 | ) | | | $ | (100 | ) | | | $ | (2 | ) | | | $ | (98 | ) | | | $ | (98 | ) | | | $ | (98 | ) | |
