NXP Investor Presentation First Quarter 2023
Quarterly Financial Reconciliation (GAAP to non-GAAP)
Q1
Q2
Q3
Q4
Q1
($ in millions, unless otherwise stated)
2022
2022
2022
2022
2023
Total Revenue
GAAP Gross Profit
Gross profit adjustments
Non-GAAP Gross Profit
GAAP Gross Margin
Non-GAAP Gross Margin
3,136
3,312
3,445
3,312
3,121
1,777
1,882
1,967
1,891
1,770
(30)
(33)
(32)
(31)
(46)
1,807
1,915
1,999
1,922
1,816
Adjustments to Q1 2023 "GAAP Net income (loss) attributable
56.7%
56.8%
57.1%
57.1%
56.7%
to stockholders" of $615M:
57.6%
57.8%
58.0%
58.0%
58.2%
PPA effects: ($99M)
GAAP Operating income (loss)
873
943
1,001
980
825
Operating income adjustments
(246)
(250)
(270)
(228)
(260)
Non-GAAP Operating income (loss)
1,119
1,193
1,271
1,208
1,085
Restructuring: ($18M)
Stock-based compensation: ($99M)
GAAP Operating Margin
27.8%
28.5%
29.1%
29.6%
26.4%
Other incidentals: ($44M)
Non-GAAP Operating Margin
35.7%
36.0%
36.9%
36.5%
34.8%
GAAP Financial income (expense)
(105)
(128)
(98)
(103)
(82)
Other adjustments: $41M consisting of
Financial income adjustments
(2)
(31)
(7)
(8)
(6)
Foreign exchange loss: ($3M)
Non-GAAP Financial income (expense)
(103)
(97)
(91)
(95)
(76)
Other financial expense: ($3M)
GAAP Provision for income taxes
Income tax effect
Non-GAAP Provision for income tax
GAAP Results relating to equity-accounted investees
Results relating to equity-accounted investees
Non-GAAP Results relating to equity-accounted investees
GAAP Net income (loss)
Less: Net income(loss) attributable to non-controlling interests
GAAP Net income (loss) attributable to stockholders
Non-GAAP Net income (loss) attributable to stockholders
(118)
49
Income tax effect: $49M
(167)
Results relating to equity accounted investees ($2M)
(2)
(2)
623
8
615
834
GAAP Diluted earnings per share
2.35
Non-GAAP Diluted earnings per share
3.19
1.
Please refer to the NXP Historic Financial Model file found on the Financial Information page of the Investor Relations section of our website at www.nxp.com/investor for additional information relative to our Non-GAAP Financial MeasuresView entire presentation