In addition to providing financial information on a basis consistent with GAAP, NXP also provides the following selected financial measures on a non-GAAP basis: (i) Gross profit, (ii) Gross margin, (iii) Research and development, (iv) Selling, general and administrative, (v) Amortization of acquisition-related intangible assets, (vi) Other income, (vii) Operating income (loss), (viii) Operating margin, (ix) Financial Income (expense), (x) Income tax benefit (provision), (xi) Results relating to non-foundry equity-accounted investees, (xii) Net income (loss) attributable to stockholders, (xiii) Earnings per Share - Diluted, (xiv) EBITDA, adjusted EBITDA and trailing 12 month adjusted EBITDA, and (xv) free cash flow, trailing 12 month free cash flow and trailing 12 month free cash flow as a percent of Revenue.
Guidance for the First Quarter 2025: ($ millions, except Per Share data) (1) Guidance Range GAAP Reconciliation non-GAAP Low Mid High Low Mid HighTotal Revenue$2,725 $2,825 $2,925 $2,725 $2,825 $2,925 Q-Q-12% -9% -6% -12% -9% -6% Y-Y-13% -10% -6% -13% -10% -6% Gross Profit$1,489 $1,559 $1,630 $(31) $1,520 $1,590 $1,661 Gross Margin54.6% 55.2% 55.7% 55.8% 56.3% 56.8% Operating Income (loss)$652 $712 $773 $(178) $830 $890 $951 Operating Margin23.9% 25.2% 26.4% 30.5% 31.5% 32.5% Financial Income (expense)$(90) $(90) $(90) $(10) $(80) $(80) $(80) Tax rate18.0%-19.0% 17.0%-18.0%Equity-accounted investees$(4) $(4) $(4) $(3) $(1) $(1) $(1) Non-controlling interests$(5) $(5) $(5) $(5) $(5) $(5) Shares - diluted256.0 256.0 256.0 256.0 256.0 256.0 Earnings Per Share - diluted$1.75 $1.95 $2.14 $2.39 $2.59 $2.79 Note (1) Additional Information: GAAP Gross Profit is expected to include Purchase Price Accounting ("PPA”) effects, $(7) million; Share-based Compensation, $(16) million; Other Incidentals, $(8) million;GAAP Operating Income (loss) is expected to include PPA effects, $(35) million; Share-based Compensation, $(128) million; Restructuring and Other Incidentals, $(15) million;GAAP Financial Income (expense) is expected to include Other financial expense $(10) million;GAAP Results relating to equity-accounted investees is expected to include results relating to non-foundry equity-accounted investees $(3) million;GAAP diluted EPS is expected to include the adjustments noted above for PPA effects, Share-based Compensation, Restructuring and Other Incidentals in GAAP Operating Income (loss), the adjustment for Other financial expense, the adjustment for Non-controlling interests & Other and the adjustment on Tax due to the earlier mentioned adjustments.
NXP SemiconductorsTable 5: Financial Reconciliation of GAAP to non-GAAP Financial income (expense) (unaudited) ($ in millions)Three months ended Full-year December 31,2024 September 29,2024 December 31,2023 2024 2023 GAAP Financial income (expense)$(91) $(82) $(78) $(318) $(309) Foreign exchange loss 3 (3) (6) (3) (15) Other financial expense (20) (9) (3) (40) (11)Non-GAAP Financial income (expense)$(74) $(70) $(69) $(275) $(283) NXP SemiconductorsTable 6: Financial Reconciliation of GAAP to non-GAAP Other income (expense) (unaudited) ($ in millions)Three months ended Full-year December 31,2024 September 29,2024 December 31,2023 2024 2023 GAAP Other income (expense)$(40) $(5) $(5) $(55) $(15) Other incidentals (41) (4) (5) (51) (8)Non-GAAP Other income (expense)$1 $(1) $— $(4) $(7) NXP SemiconductorsTable 7: Financial Reconciliation of GAAP to non-GAAP Results relating to equity-accounted investees (unaudited) ($ in millions)Three months ended Full-year December 31,2024 September 29,2024 December 31,2023 2024 2023 GAAP Results relating to equity-accounted investees$(2) $(6) $(2) $(12) $(7) Results of equity-accounted investees, excluding Foundry investees1 (2) (6) (2) (12) (7)Non-GAAP Results relating to equity-accounted investees$— $— $— $— $— Additional Information: We adjust our results relating to equity-accounted investees for those results from investments over which NXP has significant influence, but not control, and whose business activities are not related to the core operating performance of NXP.
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