NXP Semiconductors Reports First Quarter 2018 Results


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.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 Next Page »