Investor Presentaiton
17
Guidance for the First Quarter of 2020
GAAP
Reconciliation
Non-GAAP
Low
Mid
High
Low
Mid
High
Total Revenue
2,195
2,225
2,255
2,195
2,225
2,255
Q-Q
-5%
-3%
-2%
-5%
-3%
-2%
Y-Y
5%
6%
8%
5%
6%
8%
Gross Profit
1,114
1,137
1,160
(47)
1,161
1,184
1,207
Gross Margin
50.8%
51.1%
51.4%
52.9%
53.2%
53.5%
Operating Income (loss)
165
179
193
(434)
599
613
627
Operating Margin
7.5%
8.0%
8.6%
27.3%
27.6%
27.8%
Financial income (expense)
(80)
(80)
(80)
(2)
(78)
(78)
(78)
Note (1) Additional Information:
1.
GAAP Gross Profit is expected to include Purchase Price Accounting ("PPA") effects, ($36) million); Stock Based Compensation, ($11) million;
2.
3.
GAAP Operating Income (loss) is expected to include PPA effects, ($418) million; Stock Based Compensation, ($93) million; Merger related costs ($3) million; Restructuring and Other Incidentals, $80 million;
GAAP Financial Income (expense) is expected to include Other financial expense ($2) million;
4.
5.
Net cash paid for income taxes related to on-going operations is expected to be approximately ($32) million;
Non-controlling interest is expected to be approximately ($6) million;
6.
Weighted average diluted share count is expected to be approximately 284.5 million.
NXP has based the guidance included in this release on judgments and estimates that management believes are reasonable given its assessment of historical trends and other information reasonably available as of the date of this release. Please note, the guidance included in this
release consists of predictions only, and is subject to a wide range of known and unknown risks and uncertainties, many of which are beyond NXP's control. The guidance included in this release should not be regarded as representations by NXP that the estimated results will be
achieved. Actual results may vary materially from the guidance we provide today. In relation to the use of non-GAAP financial information see the note regarding "Non-GAAP Financial Measures" below. For the factors, risks, and uncertainties to which judgments, estimates and
forward-looking statements generally are subject see the note regarding "Forward-looking Statements." We undertake no obligation to publicly update or revise any forward-looking statements, including the guidance set forth herein,
to reflect future events or circumstances.
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