NXP Semiconductors Reports Fourth Quarter and Full-year 2018 Results

 

NXP Semiconductors          
Table 4: Reconciliation of GAAP to non-GAAP Segment Results (unaudited)        
($ in millions)  Three Months Ended  Full Year
   Dec. 31, 2018  Sept. 30, 2018  Dec. 31, 2017   2018    2017 
           
High Performance Mixed Signal (HPMS)    2,312     2,351     2,348     9,022     8,745 
Standard Products     -       -       -       -      118 
Corporate and Other    91     94     108     385     393 
Total Revenue  $     2,403    $     2,445    $     2,456    $     9,407    $     9,256  
           
           
HPMS Revenue  $     2,312    $     2,351    $     2,348    $     9,022    $     8,745  
Percent of Total Revenue  96.2%    96.2 %     95.6 %     95.9 %     94.5 %
HPMS segment GAAP gross profit       1,234         1,254         1,228         4,822         4,527  
PPA effects       (18 )       (19 )       (78 )       (74 )       (268 )
Stock based compensation       (12 )       (10 )       (10 )       (39 )       (33 )
Merger-related costs       (1 )       (1 )       -         (3 )       (1 )
HPMS segment non-GAAP gross profit   $     1,265     $     1,284     $     1,316     $     4,938     $     4,829  
HPMS segment GAAP gross margin     53.4 %     53.3 %     52.3 %     53.4 %     51.8 %
HPMS segment non-GAAP gross margin     54.7 %     54.6 %     56.0 %     54.7 %     55.2 %
HPMS segment GAAP operating profit       246         240         246         807         656  
PPA effects       (384 )       (383 )       (430 )       (1,531 )       (1,737 )
Restructuring        -         (4 )       -         (4 )       9  
Stock based compensation       (93 )       (82 )       (77 )       (312 )       (278 )
Merger-related costs       (7 )       (23 )       (3 )       (40 )       (10 )
HPMS segment non-GAAP operating profit   $     730     $     732     $     756     $     2,694     $     2,672  
HPMS segment GAAP operating margin     10.6 %     10.2 %     10.5 %     8.9 %     7.5 %
HPMS segment non-GAAP operating margin     31.6 %     31.1 %     32.2 %     29.9 %     30.6 %
Standard Products Revenue                   $     118  
Percent of Total Revenue                     1.3 %
Standard Products segment GAAP gross profit                       45  
Stock based compensation                       (1 )
Merger-related costs                       4  
Standard Products segment non-GAAP gross profit                   $     42  
Standard Products segment GAAP gross margin                     38.1 %
Stamdard Products segment non-GAAP gross margin                     35.6 %
Standard Products segment GAAP operating profit                       31  
Stock based compensation                       (2 )
Merger-related costs                       4  
Standard Products segment non-GAAP operating profit                   $     29  
Standard Products segment GAAP operating margin                     26.3 %
Standard Products segment non-GAAP operating margin                     24.6 %
                     
Corporate and Other Revenue   $     91     $     94     $     108     $     385     $     393  
Percent of Total Revenue     3.8 %     3.8 %     4.4 %     4.1 %     4.2 %
Corporate and Other segment GAAP gross profit       9         2         14         29         47  
PPA effects       (1 )       (1 )       (1 )       (4 )       (5 )
Restructuring       -         -         -         -         (3 )
Stock based compensation       -         (1 )       -         (1 )       1  
Merger-related costs       -         (7 )       -         (8 )       -  
Corporate and Other segment non-GAAP gross profit   $     10     $     11     $     15     $     42     $     54  
Corporate and Other segment GAAP gross margin     9.9 %     2.1 %     13.0 %     7.5 %     12.0 %
Corporate and Other segment non-GAAP gross margin     11.0 %     11.7 %     13.9 %     10.9 %     13.7 %
Corporate and Other segment GAAP operating profit       (22 )       1,971         (36 )       1,903         1,415  
PPA effects       (1 )       (1 )       (1 )       (4 )       (5 )
Restructuring        (1 )       (1 )       -         (2 )       (10 )
Stock based compensation       -         (1 )       (1 )       (2 )       (1 )
Merger-related costs       (8 )       1,937         (29 )       1,888         (129 )
Other incidentals       (13 )       36         (12 )       18         1,539  
Corporate and Other segment non-GAAP operating profit   $     1     $     1     $     7     $     5     $     21  
Corporate and Other segment GAAP operating margin     -24.2 %     2096.8 %     -33.3 %     494.3 %     360.1 %
Corporate and Other segment non-GAAP operating margin     1.1 %     1.1 %     6.5 %     1.3 %     5.3 %

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



Review Article Be the first to review this article
Featured Video
Latest Blog Posts
Dr. Biplab SarkarVectorworks Blog
by Dr. Biplab Sarkar
See How You Can Design Without Limits With Vectorworks
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Two Outstanding News Items from Sept’s U.S. and Canadian Jobs Reports
Jobs
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Senior Highway Engineer for RS&H at Jacksonville, Florida
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Geographic Information System Developer for City of Ithaca at ithaca, New York
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Upcoming Events
Built Environment Summit: 1.5°C Climate Actions at London United Kingdom - Oct 27 - 29, 2021
ASEAN Super 8 2021 at Kuala Lumpur. Malaysia - Nov 9 - 11, 2021
Resilient and Responsible Architecture and Urbanism (RRAU) Conference 2021 at Jalan Sunsuria, Bandar Sunsuria, 43900 Sepang, Selangor Darul Ehsan, Malaysia kuala lumpur Malaysia - Nov 16 - 18, 2021
Digital Construction Week at ExCeL London. United Kingdom - Nov 24 - 25, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise