Microsemi Reports Second 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


Six Months Ended



Mar 29,
2015


Dec 28,
2014


Mar 30,
2014


Mar 29,
2015


Mar 30,
2014

GAAP gross profit


$

169.3



$

168.1



$

148.6



$

337.4



$

286.9


Manufacturing profit in acquired inventory (1)




2.4



9.7



2.4



14.5


Non-GAAP gross profit


$

169.3



$

170.5



$

158.3



$

339.8



$

301.4













GAAP operating income


$

35.4



$

29.7



$

7.3



$

65.1



$

14.5


Adjustments to GAAP gross profit




2.4



9.7



2.4



14.5


Restructuring, severance and other special charges (2)


3.8



7.7



6.2



11.5



14.4


Amortization of intangible assets (3)


22.7



23.6



24.3



46.3



46.3


Stock based compensation (4)


11.8



10.7



11.4



22.5



21.5


Acquisition costs (5)


2.1



0.1



0.4



2.2



2.2


Non-GAAP operating income


$

75.8



$

74.2



$

59.3



$

150.0



$

113.4













GAAP net income (loss)


$

24.9



$

19.7



$

(6.8)



$

44.6



$

(5.4)


Adjustments to GAAP gross profit and operating income


40.4



44.4



52.0



84.8



98.9


Credit facility issuance and derivative fair value costs (6)


0.2



0.1



0.8



0.3



0.7


Income tax effect on non-GAAP adjustments (7)


(1.7)



(2.3)



1.7



(4.0)



(3.6)


Non-GAAP net income


$

63.8



$

61.9



$

47.7



$

125.7



$

90.6













GAAP diluted earnings (loss) per share


$

0.26



$

0.21



$

(0.07)



$

0.47



$

(0.06)


Effect of non-GAAP adjustments on diluted earnings per share


$

0.41



$

0.44



$

0.58



$

0.85



$

1.03


Non-GAAP diluted earnings per share


$

0.67



$

0.65



$

0.51



$

1.32



$

0.97













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


95.3



95.1



94.1



95.2



93.8













Operating cash flow


$

69.5



$

66.9



$

30.2



$

136.4



$

92.7


Capital expenditures


(11.3)



(13.1)



(8.8)



(24.4)



(20.8)


Free cash flow


$

58.2



$

53.8



$

21.4



$

112.0



$

71.9



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



Review Article Be the first to review this article
Aldec

Featured Video
Jobs
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
Methodics User Group Meeting at Maxim Integrated 160 Rio Robles San Jose CA - Jun 5 - 6, 2018
2018 FLEX Korea at Room 402/ 403, COEX Seoul Korea (South) - Jun 20 - 21, 2018
IEEE 5G World FOrum at 5101 Great America Parkway Santa Clara CA - Jul 9 - 11, 2018
SEMICON West 2018 at Moscone Center North, Room 24-25, 730 Howard St, San Francisco, CA 94103, USA San Francisco CA - Jul 11 - 12, 2018
DAC2018



Internet Business Systems © 2018 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 PolicyAdvertise