2Q15 segment results
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|
|
2Q15 |
|
2Q14 |
|
Change |
|
Analog: |
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|
|
|
|
|
|
Revenue |
|
$ 2,049 |
|
$ 1,995 |
|
3% |
|
Operating profit |
|
$ 728 |
|
$ 664 |
|
10% |
|
Embedded Processing: |
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|
|
|
|
|
|
Revenue |
|
$ 690 |
|
$ 703 |
|
-2% |
|
Operating profit |
|
$ 135 |
|
$ 104 |
|
30% |
|
Other: |
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|
|
|
|
|
|
Revenue |
|
$ 493 |
|
$ 594 |
|
-17% |
|
Operating profit* |
|
$ 147 |
|
$ 214 |
|
-31% |
|
|
|
* Includes Acquisition charges and Restructuring charges/other. |
Compared with the year-ago quarter:
Analog: (includes High Volume Analog & Logic, Power Management, High Performance Analog and Silicon Valley Analog)
- Revenue increased due to High Volume Analog & Logic. Power Management also grew, Silicon Valley Analog was even and High Performance Analog declined.
- Operating profit increased primarily due to higher revenue and associated gross profit.
Embedded Processing: (includes Processor, Microcontrollers and Connectivity)
- Revenue decreased due to Processor. Connectivity and Microcontrollers grew.
- Operating profit increased due to lower operating expenses.
Other: (includes DLP® products, custom ASIC products, calculators and royalties)
- Revenue declined due to custom ASIC products. DLP products also declined, while calculators grew.
- Operating profit decreased due to lower revenue and associated gross profit.
Non-GAAP financial information
Free cash flow and associated ratios
This release includes references to free cash flow and ratios based on that measure. These are financial measures that were not prepared in accordance with GAAP. Free cash flow was calculated by subtracting Capital expenditures from the most directly comparable GAAP measure, Cash flows from operating activities (also referred to as cash flow from operations).
The company believes that free cash flow and the associated ratios provide insight into its liquidity, its cash-generating capability and the amount of cash potentially available to return to investors, as well as insight into its financial performance. These non-GAAP measures are supplemental to the comparable GAAP measures.
Reconciliation to the most directly comparable GAAP-based measures is provided in the table below.
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For 12 Months Ended |
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June 30, |
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2015 |
|
2014 |
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Change | ||
|
Cash flow from operations (GAAP) |
|
$ |
4,084 |
|
$ |
3,587 |
|
14% |
|
Capital expenditures |
|
|
(476) |
|
|
(388) |
|
|
|
Free cash flow (non-GAAP) |
|
$ |
3,608 |
|
$ |
3,199 |
|
13% |
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
13,152 |
|
$ |
12,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flow from operations as a percent of revenue (GAAP) |
|
|
31% |
|
|
29% |
|
|
|
Free cash flow as a percent of revenue (non-GAAP) |
|
|
27% |
|
|
25% |
|
|
