Analyst Day 2021
Quarterly Financial Reconciliation (GAAP to non-GAAP)
Q3
Q4
Q1
Q2
Q3
($ in millions, unless otherwise stated)
2022
2022
2023
2023
2023
Total Revenue
GAAP Gross Profit
Gross profit adjustments
Non-GAAP Gross Profit
GAAP Gross Margin
3,445
3,312
3,121
3,299
3,434
1,967
1,891
1,770
1,881
1,965
(32)
(31)
(46)
(45)
(45)
1,999
1,922
1,816
1,926
2,010
57.1%
57.1%
56.7%
57.0%
57.2%
Adjustments to Q3 2023 "GAAP Net income (loss) attributable
to stockholders" of $787 million:
Non-GAAP Gross Margin
58.0%
58.0%
58.2%
58.4%
58.5%
PPA effects: ($85M)
GAAP Operating income (loss)
1,001
980
825
937
992
Operating income adjustments
(270)
(228)
(260)
(218)
(211)
Non-GAAP Operating income (loss)
1,271
1,208
1,085
1,155
1,203
GAAP Operating Margin
29.1%
29.6%
26.4%
28.4%
28.9%
Restructuring: $4M
Stock-based compensation: ($103M)
Other incidentals: ($27M)
Non-GAAP Operating Margin
36.9%
36.5%
34.8%
35.0%
35.0%
GAAP Financial income (expense)
(98)
(103)
(82)
(74)
(75)
Other adjustments: $33M consisting of
Financial income adjustments
(7)
(8)
(6)
(1)
(10)
Foreign exchange loss: ($3M)
Non-GAAP Financial income (expense)
(91)
(95)
(76)
(73)
(65)
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)
(158)
(123)
Other financial expense: ($7M)
49
222
22
45
Income tax effect: $45M
(167)
(180)
(168)
Results relating to equity accounted investees ($2M)
(2)
(1)
(2)
(2)
(1)
(2)
623
704
792
8
6
5
615
698
787
834
896
965
GAAP Diluted earnings per share
2.35
2.67
3.01
Non-GAAP Diluted earnings per share
3.19
3.43
3.70
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