NXP Semiconductors Reports Second Quarter 2018 Results
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NXP Semiconductors | | | | | |
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Table 4: Reconciliation of GAAP to non-GAAP Segment Results (unaudited) | | | | |
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| ($ in millions) |
Three Months Ended |
| |
July 1, 2018 | |
April 1, 2018 | |
July 2, 2017 |
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| High Performance Mixed Signal (HPMS) | | 2,193 | | | | 2,166 | | | | 2,098 | |
| Corporate and Other | | 97 | | | | 103 | | | | 104 | |
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Total Revenue |
$ |
2,290 | | |
$ |
2,269 | | |
$ |
2,202 | |
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HPMS Revenue |
$ |
2,193 | | |
$ |
2,166 | | |
$ |
2,098 | |
| Percent of Total Revenue | | 95.8 | % | | | 95.5 | % | | | 95.3 | % |
|
HPMS segment GAAP gross profit | |
1,173 | | | |
1,161 | | | |
1,066 | |
| PPA effects | | (19 | ) | | | (18 | ) | | | (74 | ) |
| Stock based compensation | | (8 | ) | | | (9 | ) | | | (8 | ) |
| Merger-related costs | | (1 | ) | | | - | | | | - | |
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HPMS segment non-GAAP gross profit |
$ |
1,201 | | |
$ |
1,188 | | |
$ |
1,148 | |
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HPMS segment GAAP gross margin | |
53.5 |
% | | |
53.6 |
% | | |
50.8 |
% |
|
HPMS segment non-GAAP gross margin | |
54.8 |
% | | |
54.8 |
% | | |
54.7 |
% |
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HPMS segment GAAP operating profit | |
160 | | | |
161 | | | |
94 | |
| PPA effects | | (383 | ) | | | (381 | ) | | | (453 | ) |
| Stock based compensation | | (68 | ) | | | (69 | ) | | | (67 | ) |
| Merger-related costs | | (7 | ) | | | (3 | ) | | | (2 | ) |
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HPMS segment non-GAAP operating profit |
$ |
618 | | |
$ |
614 | | |
$ |
616 | |
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HPMS segment GAAP operating margin | |
7.3 |
% | | |
7.4 |
% | | |
4.5 |
% |
|
HPMS segment non-GAAP operating margin | |
28.2 |
% | | |
28.3 |
% | | |
29.4 |
% |
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Corporate and Other Revenue |
$ |
97 | | |
$ |
103 | | |
$ |
104 | |
| Percent of Total Revenue | | 4.2 | % | | | 4.5 | % | | | 4.7 | % |
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Corporate and Other segment GAAP gross profit | |
7 | | | |
11 | | | |
17 | |
| PPA effects | | (1 | ) | | | (1 | ) | | | (2 | ) |
| Restructuring | | - | | | | - | | | | (1 | ) |
| Stock based compensation | | - | | | | - | | | | 1 | |
| Merger-related costs | | (1 | ) | | | - | | | | - | |
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Corporate and Other segment non-GAAP gross profit |
$ |
9 | | |
$ |
12 | | |
$ |
19 | |
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Corporate and Other segment GAAP gross margin | |
7.2 |
% | | |
10.7 |
% | | |
16.3 |
% |
|
Corporate and Other segment non-GAAP gross margin | |
9.3 |
% | | |
11.7 |
% | | |
18.3 |
% |
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Corporate and Other segment GAAP operating profit | |
(23 |
) | | |
(23 |
) | | |
(44 |
) |
| PPA effects | | (1 | ) | | | (1 | ) | | | (2 | ) |
| Restructuring | | 1 | | | | (1 | ) | | | (2 | ) |
| Stock based compensation | | (1 | ) | | | - | | | | - | |
| Merger-related costs | | (18 | ) | | | (23 | ) | | | (33 | ) |
| Other incidentals | | (4 | ) | | | (1 | ) | | | (16 | ) |
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Corporate and Other segment non-GAAP operating profit |
$ |
- | | |
$ |
3 | | |
$ |
9 | |
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Corporate and Other segment GAAP operating margin | |
-23.7 |
% | | |
-22.3 |
% | | |
-42.3 |
% |
|
Corporate and Other segment non-GAAP operating margin | |
0.0 |
% | | |
2.9 |
% | | |
8.7 |
% |
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