Segment results
Amounts are in millions of dollars.
|
|
|
|
3Q16 |
|
|
3Q15 |
|
Change |
|
Analog: |
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
2,323 |
|
$ |
2,182 |
|
6% |
|
Operating profit |
|
$ |
949 |
|
$ |
812 |
|
17% |
|
Embedded Processing: |
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
795 |
|
$ |
725 |
|
10% |
|
Operating profit |
|
$ |
220 |
|
$ |
174 |
|
26% |
|
Other: |
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
557 |
|
$ |
522 |
|
7% |
|
Operating profit* |
|
$ |
226 |
|
$ |
178 |
|
27% |
|
|
|
* 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 Performance Analog, Silicon Valley Analog and Power Management. High Volume Analog & Logic was about even.
- Operating profit increased primarily due to higher revenue and lower manufacturing costs.
Embedded Processing: (includes Microcontrollers, Processors and Connectivity)
- Revenue increased in all three product lines, led by Processors.
- Operating profit increased primarily due to higher revenue and associated gross profit.
Other: (includes DLP® products, calculators, custom ASIC products and royalties)
- Revenue increased primarily due to calculators and DLP products, partially offset by a decrease in royalties and custom ASIC products.
- Operating profit increased primarily due to higher revenue and associated gross profit.
Non-GAAP financial information
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 shareholders, 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 measures is provided in the table below.
Amounts are in millions of dollars.
|
|
|
For 12 Months Ended |
|
| ||||
|
|
|
September 30, |
|
| ||||
|
|
|
2016 |
|
2015 |
|
Change | ||
|
Cash flow from operations (GAAP) |
|
$ |
4,459 |
|
$ |
4,110 |
|
8% |
|
Capital expenditures |
|
|
(585) |
|
|
(512) |
|
|
|
Free cash flow (non-GAAP) |
|
$ |
3,874 |
|
$ |
3,598 |
|
8% |
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
13,145 |
|
$ |
13,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flow from operations as a percent of revenue (GAAP) |
|
|
33.9% |
|
|
31.4% |
|
|
|
Free cash flow as a percent of revenue (non-GAAP) |
|
|
29.5% |
|
|
27.5% |
|
|
