Qorvo® Reports Fiscal 2016 Third Quarter Results

QORVO, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In thousands, except per share data)
(Unaudited)

  Three Months Ended
  December 27,
2014
  September 27,
2014
  June 28,
2014
  March 29,
2014
        
GAAP operating income (loss)$103,635  $75,256  $46,120  $(742)
Share-based compensation expense4,119  9,543  9,169  5,151 
Amortization of intangible assets5,467  6,801  6,966  7,455 
Impairment of intangibles      11,300 
Restructuring and disposal costs224  262  1,315  4,302 
IPR litigation costs189  1,992  6,014  2,519 
Acquisition and integration related costs7,548  5,461  8,453  2,228 
Start-up costs  211  115   
Other expenses (including loss (gain) on assets and other non-cash expenses)270  565  730  1,392 
Non-GAAP operating income$121,452  $100,091  $78,882  $33,605 
        
GAAP net income (loss)$87,863  $63,311  $38,647  $(1,046)
Share-based compensation expense4,119  9,543  9,169  5,151 
Amortization of intangible assets5,467  6,801  6,966  7,455 
Impairment of intangibles      11,300 
Restructuring and disposal costs224  262  1,315  4,302 
IPR litigation costs189  1,992  6,014  2,519 
Acquisition and integration related costs7,548     5,461     8,453     2,228  
Start-up costs     211     115      
Other expenses (including loss (gain) on assets and other non-cash expenses ) 270     565     730     1,392  
Non-cash interest expense on convertible subordinated notes         240     1,361  
Gain on investment             (398 )
Adjustment of income taxes for cash basis 2,723     1,828     (321 )   (903 )
               
Non-GAAP net income $ 108,403     $ 89,974     $ 71,328     $ 33,361  
               
GAAP weighted average outstanding diluted shares 74,454     74,134     73,659     70,651  
Diluted  share-based awards             1,726  
Non-GAAP weighted average outstanding diluted shares 74,454     74,134     73,659     72,377  
               
Non-GAAP net income per share, diluted $ 1.46     $ 1.21     $ 0.97     $ 0.46  
               

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Fall Schedule: A Host of Must-attends
More Editorial  
Jobs
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Senior Methodology Automation Engineer 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
S2C: FPGA Base prototyping- Download white paper



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