Greensboro，NC - 5月5日，2021年 -Qorvo.® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company's fiscal 2021 fourth quarter ended April 3, 2021.
在GAAP基础上，Qorvo财政年度第四季度的收入为10.73亿美元，毛利率为49.3％，营业收入为2.93亿美元，每股摊薄收入为2.60美元。在非GAAP基础上，毛利率为52.6％，营业收入为3.57亿美元，每股摊薄盈利为2.74美元。
Qorvo总裁兼首席执行官Bob Bruggeworth表示，“Qorvo 3月份的季度收入超出了预期，这是由于5G手机以及Wi-Fi 6和6E的需求推动。由于Qorvo在现有市场实现了多年升级周期，并引入了颠覆性技术，包括超宽带、基于射频的生物技术测试和基于MEMS的解决方案，因此我们的前景非常乐观。
"After the quarter closed, we acquired NextInput, a pioneer in the emerging field of force-sensing solutions utilizing MEMS-based sensors. We welcome the NextInput team to the Qorvo family, and we are excited to expand our technology portfolio and accelerate the deployment of the technology to our broad customer base and new markets."
Strategic Highlights
Financial Commentary and Outlook
Mark Murphy Qorvo首席财务官表示，“我们预计强劲的最终市场需求支持Qorvo目前截至2022年3月截至3月2022日的当前财政年度的两位数收入增长和运营保证金扩张。在此前景和预计的自由现金流，董事会董事批准了20亿美元的股票回购授权。“
Qorvo.currently believes the demand environment in its end markets supports the following expectations for the June 2021 quarter:
Qorvo的实际季度结果可能与这些期望和预测不同，因此这种差异可能是材料。
选定的财务信息
The following tables set forth selected GAAP and non-GAAP financial information for Qorvo for the periods indicated. See the more detailed financial information for Qorvo, including reconciliations of GAAP and non-GAAP financial information, attached.
| SELECTED GAAP RESULTS (Unaudited) （单位：百万，百分比和每股收益除外） |
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| For the quarter 结束了 4月3日，2021. |
For the quarter 结束了 January 2, 2021 |
改变与Q3. FY 2021. |
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| 收入 | $ | 1,072.7 | $ | 1,094.8 | $ | (22.1 | ) | ||
| 毛利 | $ | 528.5. | $ | 537.8 | $ | (9.3 | ) | ||
| Gross margin | 49.3. | % | 49.1. | % | 0.2 | ppt | |||
| 营业费用 | $ | 235.4 | $ | 238.5 | $ | (3.1 | ) | ||
| 营业收入 | $ | 293.1. | $ | 299.2 | $ | （6.1 | ) | ||
| Net income | $ | 298.7 | $ | 201.0 | $ | 97.7 | |||
| 加权平均稀释股 | 115.0 | 115.7 | （0.7 | ) | |||||
| Diluted EPS | $ | 2.60 | $ | 1.74 | $ | 0.86 | |||
| SELECTED NON-GAAP RESULTS1 (Unaudited) （单位：百万，百分比和每股收益除外） |
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| For the quarter 结束了 4月3日，2021. |
For the quarter 结束了 January 2, 2021 |
改变与Q3. FY 2021. |
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| 收入 | $ | 1,072.7 | $ | 1,094.8 | $ | (22.1 | ) | ||
| 毛利 | $ | 564.7 | $ | 595.6 | $ | （30.9. | ) | ||
| Gross margin | 52.6 | % | 54.4 | % | （1.8. | PPT. | |||
| 营业费用 | $ | 207.5 | $ | 194.2 | $ | 13.3 | |||
| 营业收入 | $ | 357.2 | $ | 401.4 | $ | (44.2 | ) | ||
| Net income | $ | 315.4 | $ | 356.7 | $ | （41.3. | ) | ||
| 加权平均稀释股 | 115.0 | 115.7 | （0.7 | ) | |||||
| Diluted EPS | $ | 2.74 | $ | 3.08 | $ | （0.34 | ) | ||
| SELECTED GAAP RESULTS (Unaudited) （单位：百万，百分比和每股收益除外） |
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| For the quarter 结束了 4月3日，2021. |
For the quarter 结束了 2020年3月28日 |
改变与Q4. FY 2020. |
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| 收入 | $ | 1,072.7 | $ | 787.8 | $ | 284.9 | |||
| 毛利 | $ | 528.5. | $ | 335.8 | $ | 192.7 | |||
| Gross margin | 49.3. | % | 42.6 | % | 6.7 | ppt | |||
| 营业费用 | $ | 235.4 | $ | 233.6 | $ | 1.8 | |||
| 营业收入 | $ | 293.1. | $ | 102.2 | $ | 190.9 | |||
| Net income | $ | 298.7 | $ | 50.4 | $ | 248.3. | |||
| 加权平均稀释股 | 115.0 | 117.8 | (2.8 | ) | |||||
| Diluted EPS | $ | 2.60 | $ | 0.43 | $ | 2.17 | |||
| SELECTED NON-GAAP RESULTS1 (Unaudited) （单位：百万，百分比和每股收益除外） |
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| For the quarter 结束了 4月3日，2021. |
For the quarter 结束了 2020年3月28日 |
改变与Q4. FY 2020. |
|||||||
| 收入 | $ | 1,072.7 | $ | 787.8 | $ | 284.9 | |||
| 毛利 | $ | 564.7 | $ | 390.9. | $ | 173.8 | |||
| Gross margin | 52.6 | % | 49.6 | % | 3.0 | ppt | |||
| 营业费用 | $ | 207.5 | $ | 181.0 | $ | 26.5 | |||
| 营业收入 | $ | 357.2 | $ | 209.9 | $ | 147.3 | |||
| Net income | $ | 315.4 | $ | 185.3 | $ | 130.1 | |||
| 加权平均稀释股 | 115.0 | 117.8 | (2.8 | ) | |||||
| Diluted EPS | $ | 2.74 | $ | 1.57 | $ | 1.17 | |||
1不包括基于股票的补偿费用，无形资产摊销，重组相关费用，收购和整合相关成本，资产，初始成本，债务损失，投资损失，投资减值，投资损失，投资损失，投资损失其他（收入）费用和调整所得税。
非GAAP财务措施
In addition to disclosing financial results calculated in accordance with United States (U.S.) generally accepted accounting principles (GAAP), this earnings release contains some or all of the following non-GAAP financial measures: (i) non-GAAP gross profit and gross margin, (ii) non-GAAP operating income and operating margin, (iii) non-GAAP net income, (iv) non-GAAP net income per diluted share, (v) non-GAAP operating expenses (research and development; selling, general and administrative), (vi) free cash flow, (vii) EBITDA, (viii) non-GAAP return on invested capital (ROIC), and (ix) net debt or positive net cash. Each of these non-GAAP financial measures is either adjusted from GAAP results to exclude certain expenses or derived from multiple GAAP measures, which are outlined in the "Reconciliation of GAAP to Non-GAAP Financial Measures" tables, attached, and the "Additional Selected Non-GAAP Financial Measures and Reconciliations" tables, attached.
In managing Qorvo's business on a consolidated basis, management develops an annual operating plan, which is approved by our Board of Directors, using non-GAAP financial measures. In developing and monitoring performance against this plan, management considers the actual or potential impacts on these non-GAAP financial measures from actions taken to reduce costs with the goal of increasing gross margin and operating margin. In addition, management relies upon these non-GAAP financial measures to assess whether research and development efforts are at an appropriate level, and when making decisions about product spending, administrative budgets, and other operating expenses. Also, we believe that non-GAAP financial measures provide useful supplemental information to investors and enable investors to analyze the results of operations in the same way as management. We have chosen to provide this supplemental information to enable investors to perform additional comparisons of our operating results, to assess our liquidity and capital position and to analyze financial performance excluding the effect of expenses unrelated to operations, certain non-cash expenses and stock-based compensation expense, which may obscure trends in Qorvo's underlying performance.
We believe that these non-GAAP financial measures offer an additional view of Qorvo's operations that, when coupled with the GAAP results and the reconciliations to corresponding GAAP financial measures, provide a more complete understanding of Qorvo's results of operations and the factors and trends affecting Qorvo's business. However, these non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP.
我们对使用这些非GAAP财务措施的理由以及对Qorvo业务的介绍的影响，如下所述：
非GAAP毛利润和毛利率。非一般公认会计准则毛利和毛利率排除停止ck-based compensation expense, amortization of intangible assets, restructuring related charges and certain non-cash expenses. We believe that exclusion of these costs in presenting non-GAAP gross profit and gross margin facilitates a useful evaluation of our historical performance and projected costs and the potential for realizing cost efficiencies. We view amortization of acquisition-related intangible assets, such as the amortization of the cost associated with an acquired company's research and development efforts, trade names, and customer relationships, as items arising from pre-acquisition activities, determined at the time of an acquisition, rather than ongoing costs of operating Qorvo's business. While these intangible assets are continually evaluated for impairment, amortization of the cost of purchased intangible assets is a static expense, which is not typically affected by operations during any particular period. Although we exclude the amortization of purchased intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting and contribute to revenue generation.
We believe that presentation of non-GAAP gross profit and gross margin and other non-GAAP financial measures that exclude the impact of stock-based compensation expense assists management and investors in evaluating the period-over-period performance of Qorvo's ongoing operations because (i) the expenses are non-cash in nature, and (ii) although the size of the grants is within our control, the amount of expense varies depending on factors such as short-term fluctuations in stock price volatility and prevailing interest rates, which can be unrelated to the operational performance of Qorvo during the period in which the expense is incurred and generally are outside the control of management. Moreover, we believe that the exclusion of stock-based compensation expense in presenting non-GAAP gross profit and gross margin and other non-GAAP financial measures is useful to investors to understand the impact of the expensing of stock-based compensation to Qorvo's gross profit and gross margins and other financial measures in comparison to prior periods. We also believe that the adjustments to profit and margin related to restructuring related charges and certain non-cash expenses do not constitute part of Qorvo's ongoing operations and therefore the exclusion of these items provides management and investors with better visibility into the actual revenue and actual costs required to generate revenues over time and facilitates a useful evaluation of our historical and projected performance. We believe disclosure of non-GAAP gross profit and gross margin has economic substance because the excluded expenses do not represent continuing cash expenditures and, as described above, we have little control over the timing and amount of the expenses in question.
非GAAP营业收入和运营保证金。非GAAP营业收入和运营利润率排除了基于股票的薪酬费用，无形资产的摊销，与资产，初始成本和某些非现金开支的资产，损失（收益）的损失（收益）。我们认为，介绍营业收入和营业利润率的衡量标准，不包括无形资产和股票赔偿费用的摊销对于管理和投资者来说是与上述关于我们使用非GAAP毛利利润的原因相同的原因有用金博宝官方网址是什么和毛利率。我们认为，在资产，初始成本和某些非现金支出上重组相关费用，收购和整合相关成本，损失（收益），并不构成Qorvo正在进行的行动的一部分，因此，排除这些费用提供管理和投资者金博宝官方网址是什么随着时间的推移，更好地了解产生收入所需的实际成本，并有助于对我们历史和预计表现的有用评估。我们认为披露非GAAP营业收入和营业利润率具有经济物质，因为被排除的费用与持续行动无关，或者不代表现金支出无关。
非GAAP净收入和非GAAP净收入每次摊薄。非GAAP净收入和非GAAP净收入每次摊薄股份不包括股票赔偿费用，无形资产摊销，重组相关费用，收购和整合相关成本，资产损失（收益），启动成本，某些非现金开支，债务损失亏损，投资损失，投资减值，其他（收入）费用，也反映了所得税的调整。所得税调整主要是使用研究和开发税收抵免的使用，递延税费（福利）不影响应付税款的物品，与历史外国收益的视为和实际遣返有关的调整，非现金费用（福利）相关不确定的税收职位和与当前财政年度无关的其他物品或不指示我们正在进行的业务运营。我们认为，根据上述关于非GAAP毛利率和毛利率和非GAAP营业收入和运营的原因，我们赠送了净收入和净收入的净收入措施的净收入和净收入的措施对管理和投资者有用金博宝官方网址是什么利润。我们相信披露非GAAP净收入和每次摊薄净收入的非GAAP净收入具有经济物质，因为被排除的费用与正在进行的行动无关，或者不代表现金支出无关。
Non-GAAP operating expenses (research and development and selling, general and administrative).非GAAP研发和销售、一般和管理费用不包括股票补偿费用、无形资产摊销和某些非现金费用（主要是收购和整合相关成本）。我们认为，这些运营费用的计量方法（不包括无形资产摊销和股票补偿费用）对管理层和投资者都是有用的，原因与我们使用非GAAP毛利润和毛利率的上述相同。我们认为，收购和整合相关成本以及某些非现金费用不构成Qorvo持续经营的一部分，因此，排除这些成本可以使管理层和投资者更好地了解随着时间推移产生收入所需的实际成本，并有助于对我们的历史和预期业绩进行有用的评估。我们认为，这些非公认会计原则营业费用的披露具有经济实质性，因为排除在外的费用要么与持续经营无关，要么不代表当前现金支出。金博宝官方网址是什么
自由现金流。Qorvo将自由现金流定义为该期间经营活动提供的净现金减去该期间的财产和设备支出，自由现金流利润率计算为自由现金流占收入的百分比。我们使用自由现金流作为评估流动性和财务实力的补充财务指标。管理层认为，这一指标有助于衡量我们偿还债务、履行其他支付义务和进行战略投资的能力。自由现金流应作为衡量我们业绩的净收入和衡量我们流动性的经营活动提供的净现金的补充，而不是替代。此外，我们对自由现金流的定义是有限的，因为自由现金流并不代表可用于可自由支配支出的剩余现金流，因为该措施没有扣除偿债和其他合同义务所需的付款。因此，我们认为，将自由现金流视为一项为我们的整个现金流量表提供补充信息的措施是很重要的。
EBITDA.Qorvo.defines EBITDA as earnings before interest expense and interest income, income tax expense (benefit), depreciation and intangible amortization. Management believes that this measure is useful to evaluate our ongoing operations and as a general indicator of our operating cash flow (in conjunction with a cash flow statement which also includes among other items, changes in working capital and the effect of non-cash charges).
非GAAP ROIC。Return on invested capital (ROIC) is a non-GAAP financial measure that management believes provides useful supplemental information for management and the investor by measuring the effectiveness of our operations' use of invested capital to generate profits. We use ROIC to track how much value we are creating for our shareholders. Non-GAAP ROIC is calculated by dividing annualized non-GAAP operating income, net of an adjustment for income taxes (as described above), by average invested capital. Average invested capital is calculated by subtracting the average of the beginning balance and the ending balance of current liabilities (excluding the current portion of long-term debt and other short-term financings) from the average of the beginning balance and the ending balance of net accounts receivable, inventories, other current assets, net property and equipment and a cash amount equal to seven days of quarterly revenue.
Net debt or positive net cash.Net debt or positive net cash is defined as unrestricted cash, cash equivalents and short-term investments minus any borrowings under our credit facility and the principal balance of our senior unsecured notes. Management believes that net debt or positive net cash provides useful information regarding the level of Qorvo's indebtedness by reflecting cash and investments that could be used to repay debt.
前瞻性的非GAAP财务措施。我们的业绩发布包含前瞻性的自由cash flow, gross margin, income tax rate and diluted earnings per share. We provide these non-GAAP measures to investors on a prospective basis for the same reasons (set forth above) that we provide them to investors on a historical basis. We are unable to provide a reconciliation of the forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures without unreasonable effort due to variability and difficulty in making accurate projections for items that would be required to be included in the GAAP measures, such as stock-based compensation, acquisition and integration related costs, restructuring related charges, asset impairments and the provision for income taxes. We believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors.
Limitations of non-GAAP financial measures.主要材料的局限性与the use of non-GAAP financial measures as an analytical tool compared to the most directly comparable GAAP financial measures are these non-GAAP financial measures (i) may not be comparable to similarly titled measures used by other companies in our industry, and (ii) exclude financial information that some may consider important in evaluating our performance, thus limiting their usefulness as a comparative tool. We compensate for these limitations by providing full disclosure of the differences between these non-GAAP financial measures and the corresponding GAAP financial measures, including a reconciliation of the non-GAAP financial measures to the corresponding GAAP financial measures, to enable investors to perform their own analysis of our gross profit and gross margin, operating expenses, operating income, net income, net income per diluted share and net cash provided by operating activities. We further compensate for the limitations of our use of non-GAAP financial measures by presenting the corresponding GAAP measures more prominently.
Qorvo.will conduct a conference call at 5:00 p.m. ET today to discuss today's press release. The conference call will be broadcast live over the Internet and can be accessed by any interested party at //m.peiqingedu.com (under "Investors"). A telephone playback of the conference call will be available approximately two hours after the call's completion and can be accessed by dialing 719-457-0820 and using the passcode 6818780. The playback will be available through the close of business May 12, 2021.
About Qorvo
Qorvo.(Nasdaq:QRVO) makes a better world possible by providing innovative Radio Frequency (RF) solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. We also leverage unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. Visit m.peiqingedu.com to learn how Qorvo connects the world.
Qorvo是Qorvo，Inc。的注册商标，在美国和其他国家。所有其他商标都是其各自所有者的财产。
本新闻稿包括1995年私营证券诉讼改革法案的安全港规定的“前瞻性陈述”。这些前瞻性陈述包括但不限于我们的计划，目标，陈述和陈述争论，而不是历史事实，通常通过使用诸如“愿”，“遗嘱”，“应该”，“”可以“，”“计划”，“”预期“，”“预期”，“”的“，”，“不是历史事实，而不是历史事实，而不是历史事实估计，“”预测“，”潜力“，”继续“和类似的单词，尽管一些前瞻性陈述被不同地表达出来。您应该意识到本文所包含的前瞻性陈述代表了管理层当前的判断和期望，但我们的实际结果，事件和表现可能与前瞻性陈述的表达或暗示的实际结果不同。我们不打算更新这些前瞻性陈述或公开宣布对这些前瞻性陈述的任何修订的结果，而不是美国联邦证券法规定的。我们的业务受到众多风险和不确定性的影响，包括有关我们经营结果波动的风险和不确定性;我们对开发新产品和实现设计胜利的实质性依赖;我们对少数大客户的依赖，为我们的大部分收入;如果与美国政府或国防和航空航天承包商取消或推迟或延迟防御支出减少，则损失收入;Covid-19大流行，这一大流行，可能会继续对全球经济产生负面影响，并破坏正常的业务活动，这可能对我们的业务结果产生不利影响;我们对第三方的依赖; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs due to timing of customer forecasts; our inability to effectively manage or maintain evolving relationships with platform providers; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; our ability to implement innovative technologies; underutilization of manufacturing facilities as a result of industry overcapacity; we may not be able to borrow funds under our credit facility or secure future financing; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; volatility in the price of our common stock; damage to our reputation or brand; fluctuations in the amount and frequency of our stock repurchases; our recent and future acquisitions and other strategic investments could fail to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; theft, loss or misuse of personal data by or about our employees, customers or third parties; warranty claims, product recalls and product liability; and risks associated with environmental, health and safety regulations and climate change. Many of the foregoing risks and uncertainties are, and will continue to be, exacerbated by the COVID-19 pandemic and any worsening of the global business and economic environment as a result. These and other risks and uncertainties, which are described in more detail in Qorvo's most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.
金融表
| Qorvo，Inc。和子公司 浓缩的综合业务陈述 （成千上万，除了每股数据除外） (Unaudited) |
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| Three Months Ended | 12个月结束了 | |||||||||||||||
| 4月3日， 2021. |
March 28, 2020. |
4月3日， 2021. |
March 28, 2020. |
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| 收入 | $ | 1,072,730 | $ | 787,772 | $ | 4,015,307 | $ | 3,239,141 | ||||||||
| Costs and expenses: | ||||||||||||||||
| 销售商品的费用 | 544,255 | 451,991 | 2,131,741 | 1,917,378 | ||||||||||||
| 研究与开发 | 147,285 | 127,029 | 570,395 | 484,414 | ||||||||||||
| Selling, general and administrative | 78,123 | 85,111 | 367,238 | 343,569. | ||||||||||||
| 其他运营费用 | 9,999 | 21,487 | 39,306 | 70,564 | ||||||||||||
| 总成本和费用 | 779,662 | 685,618 | 3,108,680 | 2,815,925 | ||||||||||||
| 营业收入 | 293,068 | 102,154 | 906,627 | 423,216 | ||||||||||||
| 利息花费 | (15,410 | ) | （18,935. | ) | (75,198 | ) | (60,392 | ) | ||||||||
| 其他收入（费用），网 | 9,128 | (18,584 | ) | (24,049 | ) | 32,265 | ||||||||||
| 所得税前收入 | $ | 286,786 | $ | 64,635 | $ | 807,380 | $ | 395,089. | ||||||||
| 所得税福利（费用） | 11,951 | （14,245 | ) | (73,769 | ) | （60,764. | ) | |||||||||
| Net income | $ | 298,737 | $ | 50,390 | $ | 733,611 | $ | 334,325 | ||||||||
| Net income per share, diluted | $ | 2.60 | $ | 0.43 | $ | 6.32 | $ | 2.80 | ||||||||
| 加权平均未偿还摊薄股份 | 115,010 | 117,757 | 116,016 | 119,293 | ||||||||||||
| Qorvo，Inc。和子公司 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES （成千上万，除了每股数据除外） (Unaudited) |
|||||||||||
| Three Months Ended | |||||||||||
| 4月3日， 2021. |
January 2, 2021. |
March 28, 2020. |
|||||||||
| GAAP营业收入 | $ | 293,068 | $ | 299,203 | $ | 102,154 | |||||
| 基于股票的补偿费用 | 18,168 | 19,247 | 13,768 | ||||||||
| 无形资产摊销 | 34,934 | 73,112 | 69,183 | ||||||||
| 重组相关费用 | 629. | 546 | 3,958 | ||||||||
| Acquisition and integration related costs | 7,763 | 5,261 | 23,986 | ||||||||
| 资产损失（收益）、启动成本和其他 non-cash expenses |
2,666 | 3,990 | (3,105 | ) | |||||||
| Non-GAAP operating income | $ | 357,228 | $ | 401,359 | $ | 209,944 | |||||
| GAAP净收入 | $ | 298,737 | $ | 201,035 | $ | 50,390 | |||||
| 基于股票的补偿费用 | 18,168 | 19,247 | 13,768 | ||||||||
| 无形资产摊销 | 34,934 | 73,112 | 69,183 | ||||||||
| 重组相关费用 | 629. | 546 | 3,958 | ||||||||
| Acquisition and integration related costs | 7,763 | 5,261 | 23,986 | ||||||||
| 资产损失（收益）、启动成本和其他 non-cash expenses |
2,666 | 3,990 | (3,105 | ) | |||||||
| Loss on debt extinguishment | — | 61,991 | — | ||||||||
| (Gain) loss on investments | （7,257 | ) | 388 | — | |||||||
| 投资减值 | — | — | 18,336 | ||||||||
| Other (income) expense | (1,588 | ) | (2,850 | ) | 4,218 | ||||||
| Adjustment of income taxes | (38,670 | ) | （6,033 | ) | 4,607 | ||||||
| 非GAAP净收入 | $ | 315,382 | $ | 356,687 | $ | 185,341 | |||||
| GAAP weighted average outstanding diluted shares | 115,010 | 115,690. | 117,757 | ||||||||
| 基于稀释的股票奖 | — | — | — | ||||||||
| Non-GAAP weighted average outstanding diluted shares | 115,010 | 115,690. | 117,757 | ||||||||
| 非GAAP净收入per share, diluted | $ | 2.74 | $ | 3.08 | $ | 1.57 | |||||
| Qorvo，Inc。和子公司 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (Unaudited) |
|||||||||||||||||
| Three Months Ended | |||||||||||||||||
| （成千上万，除百分比除外） | 4月3日，2021. | January 2, 2021 | 2020年3月28日 | ||||||||||||||
| GAAP毛利/保证金 | $ | 528,475 | 49.3. | % | $ | 537,752 | 49.1. | % | $ | 335,781 | 42.6 | % | |||||
| 无形资产摊销 | 30,993 | 2.9 | % | 52,989 | 4.9 | % | 49,866 | 6.3 | % | ||||||||
| 重组相关费用 | — | — | % | — | — | % | 2,058 | 0.3 | % | ||||||||
| 基于股票的补偿费用 | 4,858 | 0.4 | % | 4,478 | 0.4 | % | 2,571 | 0.3 | % | ||||||||
| Other non-cash expenses | 375 | — | % | 375 | — | % | 629. | 0.1 | % | ||||||||
| 非公认会计原则毛利率 | $ | 564,701 | 52.6 | % | $ | 595,594 | 54.4 | % | $ | 390,905 | 49.6 | % | |||||
| Non-GAAP Operating Income | Three Months Ended 4月3日，2021. |
||
| （占销售额的百分比） | |||
| GAAP营业收入 | 27.3 | % | |
| 基于股票的补偿费用 | 1.7 | % | |
| 无形资产摊销 | 3.3 | % | |
| 重组相关费用 | 0.1 | % | |
| Acquisition and integration related costs | 0.7 | % | |
| Loss on assets, start-up costs and other non-cash expenses | 0.2 | % | |
| Non-GAAP operating income | 33.3 | % | |
| 自由现金流1 | Three Months Ended 4月3日，2021. |
||
| （数百万） | |||
| Net cash provided by operating activities | $ | 402.9 | |
| 购买物业和设备 | (77.4 | ) | |
| Free cash flow | $ | 325.5 | |
1自由现金流is calculated as net cash provided by operating activities minus property and equipment expenditures.
| Qorvo，Inc。和子公司 其他选定的非GAAP财务措施和和解 （成千上万） (Unaudited) |
|||||||||||
| Three Months Ended | |||||||||||
| 4月3日，2021. | January 2, 2021 | 2020年3月28日 | |||||||||
| GAAP研发费用 | $ | 147,285 | $ | 136,697 | $ | 127,029 | |||||
| Less: | |||||||||||
| 基于股票的补偿费用 | 7,708 | 7,897 | 6,242 | ||||||||
| Other non-cash expenses | 526 | 525 | 482 | ||||||||
| Non-GAAP research and development expense | $ | 139,051 | $ | 128,275 | $ | 120,305 | |||||
| Three Months Ended | |||||||||||
| 4月3日，2021. | January 2, 2021 | 2020年3月28日 | |||||||||
| GAAP销售，一般和行政费用 | $ | 78,123 | $ | 93,139 | $ | 85,111 | |||||
| Less: | |||||||||||
| 基于股票的补偿费用 | 5,602 | 6,872 | 4,955 | ||||||||
| 无形资产摊销 | 3,941 | 20,123 | 19,318 | ||||||||
| Other non-cash expenses | 159 | 184 | 182 | ||||||||
| Non-GAAP selling, general and administrative expense | $ | 68,421 | $ | 65,960 | $ | 60,656 | |||||
| Qorvo，Inc。和子公司 浓缩合并资产负债表 （成千上万） (Unaudited) |
|||||||
| 4月3日，2021. | 2020年3月28日 | ||||||
| ASSETS | |||||||
| 当前资产： | |||||||
| Cash and cash equivalents | $ | 1,397,880 | $ | 714,939 | |||
| 应收账款，网络 | 457,431 | 367,172 | |||||
| 存货 | 507,787 | 517,198 | |||||
| 其他现有资产 | 120,706. | 91,193 | |||||
| 流动资产总额 | 2,483,804 | 1,690,502 | |||||
| Property and equipment, net | 1266031年 | 1,259,203 | |||||
| Goodwill | 2,642,708 | 2,614,274 | |||||
| 无形资产净值 | 611,155 | 808,892 | |||||
| Long-term investments | 35,370 | 22,515 | |||||
| Other non-current assets | 182,402 | 165,296 | |||||
| 总资产 | $ | 7,221,470 | $ | 6,560,682 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Current liabilities: | |||||||
| Accounts payable and accrued liabilities | $ | 568,928 | $ | 464,755 | |||
| Other current liabilities | 112,653 | 74,248 | |||||
| Total current liabilities | 681,581 | 539,003 | |||||
| 长期债务 | 1,742,550. | 1,567,231 | |||||
| Other long-term liabilities | 167,914 | 161,783 | |||||
| Total liabilities | 2,592,045 | 2,268,017 | |||||
| 股东权益 | 4,629,425 | 4,292,665 | |||||
| 总负债和股东权益 | $ | 7,221,470 | $ | 6,560,682 | |||