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 »
Featured Video
Jobs
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
CAD Engineer for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Upcoming Events
SEMICON Japan 2024 at Tokyo Big Sight Tokyo Japan - Dec 11 - 13, 2024
PDF Solutions AI Executive Conference at St. Regis Hotel San Francisco - Dec 12, 2024
DVCon U.S. 2025 at United States - Feb 24 - 27, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+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