Microsemi Reports First Quarter 2015 Results

Additional details reconciling the selected GAAP financial measure to the selected non-GAAP financial measure may be found in the "Schedule Reconciling Selected Non-GAAP Financial Measures" and "Notes on Non-GAAP Financial Measures."

 

Schedule Reconciling Selected Non-GAAP Financial Measures
(unaudited, in millions, except for per share amounts)
















Quarter Ended



Dec 28,
2014


Sep 28,
2014


Dec 29,
2013

GAAP gross profit


$

168.1



$

171.0



$

138.3


Manufacturing profit in acquired inventory (1)


2.4





4.8


Non-GAAP gross profit


$

170.5



$

171.0



$

143.1









GAAP operating income


$

29.7



$

33.4



$

7.2


Adjustments to GAAP gross profit


2.4





4.8


Restructuring and other special charges (2)


4.2



1.8



8.3


Facility consolidation and equipment charges (2)


3.5



2.7




Amortization of intangible assets (3)


23.6



23.1



22.0


Stock based compensation (4)


10.7



11.3



10.1


Acquisition costs (5)


0.1



0.5



1.7


Non-GAAP operating income


$

74.2



$

72.8



$

54.1









GAAP net income


$

19.7



$

32.8



$

1.4


Adjustments to GAAP gross profit and operating income


44.5



39.4



46.9


Credit facility issuance and derivative fair value costs (6)




0.1



(0.1)


Income tax effect on non-GAAP adjustments (7)


(2.3)



(10.9)



(5.3)


Non-GAAP net income


$

61.9



$

61.4



$

42.9









GAAP diluted earnings per share


$

0.21



$

0.34



$

0.01


Effect of non-GAAP adjustments on diluted earnings per share


$

0.44



$

0.30



$

0.45


Non-GAAP diluted earnings per share


$

0.65



$

0.64



$

0.46









Weighted-average diluted shares used in calculating non-GAAP diluted earnings per share


95.1



95.6



93.5









Operating cash flow


$

66.9



$

59.6



$

62.5


Capital expenditures


(13.1)



(10.6)



(12.1)


Free cash flow


$

53.8



$

49.0



$

50.4



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Downstream : Solutuions for Post processing PCB Designs

Aldec

Featured Video
Jobs
Senior Methodology Automation Engineer for EDA Careers at San Jose, CA
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
DDR 3-4-5 Developer with VIP for EDA Careers at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
11th International Conference on Verification and Evaluation of Computer and Communication Systems at 1455 DeMaisonneuve W. EV05.139 Montreal Quebec Canada - Aug 24 - 25, 2017
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
Verific: SystemVerilog & VHDL Parsers
TrueCircuits: IoTPLL



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy