NXP Semiconductors Reports Second Quarter 2023 Results
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Additional information | | | | | |
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Q2 2023 |
Q1 2023 |
Q2 2022 |
Q - Q |
Y - Y |
| Automotive | $ | 1,866 | $ | 1,828 | $ | 1,713 | 2% | 9% |
| Industrial & IoT | $ | 578 | $ | 504 | $ | 713 | 15% | -19% |
| Mobile | $ | 284 | $ | 260 | $ | 388 | 9% | -27% |
| Comm. Infra. & Other | $ | 571 | $ | 529 | $ | 498 | 8% | 15% |
| DIO | | 137 | | 135 | | 94 | | |
| DPO (ii) | | 63 | | 68 | | 77 | | |
| DSO | | 29 | | 31 | | 27 | | |
| Cash Conversion Cycle | | 103 | | 98 | | 44 | | |
| Channel Inventory (months) | | 1.6 | | 1.6 | | 1.6 | | |
| Gross Financial Leverage (iii) | 2.1x | 2.0x | 2.2x | | |
| Net Financial Leverage (iv) | 1.3x | 1.3x | 1.5x | | |
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Additional Information for the Second Quarter 2023:
- For an explanation of GAAP to non-GAAP adjustments, please see “Non-GAAP Financial Measures”.
- We have reclassified certain amounts related to customer programs previously presented in “Accounts Payable” to “Other current liabilities” to conform to current period presentation. The impact of the reclassification on DPO (decreasing impact) and CCC (increasing impact) was 17 days for the second quarter of 2022.
- 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 July 2, 2023 was 261.3 million.
