NXP Semiconductors Reports Fourth Quarter and Full-Year 2023 Results
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Additional information | | | | | | | | |
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Q4 2023 |
Q3 2023 |
Q4 2022 |
Q - Q |
Y - Y | |
2023 | |
2022 |
Y - Y |
| Automotive | $ | 1,899 | $ | 1,891 | $ | 1,805 | —% | 5% | $ | 7,484 | $ | 6,879 | 9% |
| Industrial & IoT | $ | 662 | $ | 607 | $ | 605 | 9% | 9% | $ | 2,351 | $ | 2,713 | -13% |
| Mobile | $ | 406 | $ | 377 | $ | 408 | 8% | —% | $ | 1,327 | $ | 1,607 | -17% |
| Comm. Infra. & Other | $ | 455 | $ | 559 | $ | 494 | -19% | -8% | $ | 2,114 | $ | 2,006 | 5% |
| DIO | | 132 | | 134 | | 116 | | | | | |
| DPO (ii) | | 72 | | 60 | | 77 | | | | | |
| DSO | | 24 | | 25 | | 26 | | | | | |
| Cash Conversion Cycle | | 84 | | 99 | | 65 | | | | | |
| Channel Inventory (months) | | 1.5 | | 1.5 | | 1.6 | | | | | |
| Gross Financial Leverage (iii) | 2.1x | 2.1x | 2.0x | | | | | |
| Net Financial Leverage (iv) | 1.3x | 1.3x | 1.3x | | | | | |
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Additional Information for the Fourth Quarter 2023:
- For an explanation of GAAP to non-GAAP adjustments, please see “Non-GAAP Financial Measures”.
- To align with current period presentation, DPO for Q4 2022 reflects the reclassification of liabilities related to customer programs previously presented in “Accounts payable” to “Other current liabilities”. The corresponding impact was 28 days on DPO (decreasing impact) and CCC (increasing impact).
- Gross financial leverage is defined as gross debt divided by trailing twelve months adjusted EBITDA.
- Net financial leverage is defined as net debt divided by trailing twelve months adjusted EBITDA.
- Weighted average number of diluted shares for the three-month period ended December 31, 2023 was 260.3 million. Weighted average number of diluted shares for the twelve-month period ended December 31, 2023 was 261.4 million.
