NXP Semiconductors Reports Third Quarter 2020 Results
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1. |
Additional Information for the Third Quarter 2020:
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| | i. For an explanation of GAAP to non-GAAP adjustments, please see “Non-GAAP Financial Measures”. |
| | ii. Financial leverage is defined as net debt divided by trailing twelve months adjusted EBITDA. |
| • | During the third quarter of 2020, NXP repurchased 0.1 million shares for a total cost of $12 million and paid cash dividends of $105 million. |
| • | Weighted average number of diluted shares for the three-month period ended September 27, 2020 was 279.5 million and as the company reported a net loss, it excludes the incremental impact of dilutive potential common shares of 4.9 million shares. |
| • | Net cash paid for income taxes related to on-going operations was $(29) million. Net cash paid for income taxes not related to on-going operations resulted in additional cash payments of $(10) million. |
Guidance for the Fourth Quarter 2020: ($ millions) (1)
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Guidance Range | | | | | | | | | | | | | | |
| |
GAAP | |
Reconciliation | |
non-GAAP |
| |
Low | |
Mid | |
High | | | | | |
Low | |
Mid | |
High |
|
Total Revenue |
$ |
2,375 | | | |
$ |
2,450 | | | |
$ |
2,525 | | | | | | | |
$ |
2,375 | | | |
$ |
2,450 | | | |
$ |
2,525 | | |
| Q-Q | 5 | | % | | 8 | | % | | 11 | | % | | | | | | 5 | | % | | 8 | | % | | 11 | | % |
| Y-Y | 3 | | % | | 6 | | % | | 10 | | % | | | | | | 3 | | % | | 6 | | % | | 10 | | % |
|
Gross Profit |
$ |
1,209 | | | |
$ |
1,255 | | | |
$ |
1,303 | | | |
$ |
(36 |
) | |
$ |
1,245 | | | |
$ |
1,291 | | | |
$ |
1,339 | | |
| Gross Margin | 50.9 | | % | | 51.2 | | % | | 51.6 | | % | | | | | | 52.4 | | % | | 52.7 | | % | | 53.0 | | % |
|
Operating Income (loss) |
$ |
425 | | | |
$ |
461 | | | |
$ |
499 | | | |
$ |
(267 |
) | |
$ |
692 | | | |
$ |
728 | | | |
$ |
766 | | |
| Operating Margin | 17.9 | | % | | 18.8 | | % | | 19.8 | | % | | | | | | 29.1 | | % | | 29.7 | | % | | 30.3 | | % |
| Financial Income (expense) | $ | (146 | ) | | | $ | (146 | ) | | | $ | (146 | ) | | | $ | (62 | ) | | $ | (84 | ) | | | $ | (84 | ) | | | $ | (84 | ) | |
