NXP Semiconductors Reports First Quarter 2021 Results
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Additional information | | | | | |
| Automotive | $ | 1,229 | | $ | 1,193 | | $ | 994 | | 3 | % | 24 | % |
| Industrial & IoT | $ | 571 | | $ | 511 | | $ | 376 | | 12 | % | 52 | % |
| Mobile | $ | 346 | | $ | 409 | | $ | 247 | | -15 | % | 40 | % |
| Comm. Infra. & Other | $ | 421 | | $ | 394 | | $ | 404 | | 7 | % | 4 | % |
| DIO | 81 | 78 | 113 | | |
| DPO | 79 | 75 | 83 | | |
| DSO | 30 | 28 | 28 | | |
| Cash Conversion Cycle | 32 | 31 | 58 | | |
| Channel Inventory (months) | 1.6 | 1.6 | 2.4 | | |
| Financial Leverage (ii) | 1.9x | 1.9x | 2.1x | | |
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Additional Information for the First Quarter 2021:
- 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 2021, NXP repurchased 5.1 million shares for a total cost of $905 million and paid cash dividends of $105 million.
- Weighted average number of diluted shares for the three-month period ended April 4, 2021 was 283.3 million.
- Net cash paid for income taxes related to on-going operations was $40 million.
Guidance for the Second Quarter 2021: ($ millions)
(1)
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Guidance Range
| | | | | | | | | | | | | | |
| |
GAAP | |
Reconciliation | |
non-GAAP |
| |
Low | |
Mid | |
High | | | |
Low | |
Mid | |
High |
|
Total Revenue |
$ |
2,500 | | | |
$ |
2,570 | | | |
$ |
2,640 | | | | | |
$ |
2,500 | | | |
$ |
2,570 | | | |
$ |
2,640 | |
| Q-Q | -3 | % | | | 0 | % | | | 3 | % | | | | | -3 | % | | | 0 | % | | | 3 | % |
| Y-Y | 38 | % | | | 41 | % | | | 45 | % | | | | | 38 | % | | | 41 | % | | | 45 | % |
|
Gross Profit |
$ |
1,346 | | | |
$ |
1,392 | | | |
$ |
1,439 | | | |
$ |
(35 |
) | | |
$ |
1,381 | | | |
$ |
1,427 | | | |
$ |
1,474 | |
| Gross Margin | 53.8 | % | | | 54.2 | % | | | 54.5 | % | | | | | 55.2 | % | | | 55.5 | % | | | 55.8 | % |
|
Operating Income (loss) |
$ |
506 | | | |
$ |
542 | | | |
$ |
579 | | | |
$ |
(262 |
) | | |
$ |
768 | | | |
$ |
804 | | | |
$ |
841 | |
| Operating Margin | 20.2 | % | | | 21.1 | % | | | 21.9 | % | | | | | 30.7 | % | | | 31.3 | % | | | 31.9 | % |
| Financial Income (expense) | $ | (90 | ) | | | $ | (90 | ) | | | $ | (90 | ) | | | $ | (3 | ) | | | $ | (87 | ) | | | $ | (87 | ) | | | $ | (87 | ) |
