qorvo annual report 2017

Free cash flow. Qorvo will conduct a conference call at 5:00 p.m. EST today to discuss today's press release. /Filter /FlateDecode It is classified as operating in the Electron Tube Manufacturing industry. Shares have added about 8.5% in that time frame, outperforming the S&P 500. 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. 2016 … Request a Quote Additionally, our definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations. Annual Report 2017 Form 10-K (NASDAQ:QRVO) Published: May 23rd, 2017 PDF generated by stocklight.com . At Qorvo™ Find the latest Qorvo, Inc. (QRVO) stock quote, history, news and other vital information to help you with your stock trading and investing. QRVO 2019 Annual Report 408.4 KB. QRVO 2018 Annual Report 1.7 MB. Annual and quarterly financial reports, income statements and balance sheets for Qorvo Inc (QRVO) on MSN Money. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo, Inc. Nov 05, 2020: 10-Q: Quarterly report which provides a continuing view of a company's financial position. /Type /ExtGState In May 2017, the FASB issued ASU 2017-09, "Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting." 3) Annual Reports & Proxies; Quarterly Results; IRS Form 8937; Stock Information. QRVO 2020 … Qorvo annual revenue for 2020 was $3.239B, a 4.82% increase from 2019. 2013 Annual Report and 2014 Proxy Statement 2.3 MB. [/Pattern /DeviceRGB] On a non-GAAP basis, gross margin was 44.3%, operating expenses were $157.1 million, operating income was $208.7 million, or 25.3% of sales, and net income was $177.3 million, or diluted EPS of $1.35. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Qorvo, Inc. (QRVO) using our online tools. /BitsPerComponent 8 Non-GAAP research and development, marketing and selling and general and administrative expenses. Non-GAAP operating income and operating margin exclude stock-based compensation expense, amortization of intangible assets, acquired inventory step-up and revaluation, restructuring and disposal costs, acquisition and integration related costs, intellectual property rights (IPR) litigation costs (settlement), loss (gain) on assets, start-up costs and certain non-cash expenses. Therefore, we believe it is important to view free cash flow as a measure that provides supplemental information to our entire statement of cash flows. << 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. 1 Excludes stock-based compensation, amortization of intangibles, acquisition and integration related costs, intellectual property rights (IPR) litigation (settlement) costs, acquired inventory step-up and revaluation, non-cash deferred royalty revenue and equal and offsetting non-cash prepaid royalty amortization, start-up costs, restructuring and disposal costs, (gain) loss on assets, loss on investment, and an adjustment of income taxes. 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 passcode 8513751. /Creator (�� w k h t m l t o p d f 0 . We use free cash flow as a supplemental financial measure in our evaluation of liquidity and financial strength. 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 revenue, (ii) non-GAAP gross profit and gross margin, (iii) non-GAAP operating income and operating margin, (iv) non-GAAP net income, (v) non-GAAP net income per diluted share, (vi) non-GAAP operating expenses (research and development; selling, general and administrative), (vii) free cash flow, (viii) EBITDA, (ix) non-GAAP return on invested capital (ROIC), and (x) net debt or positive net cash. For details, please see our Privacy Policy. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 2, 2016 or ¨ TRANSITION REPORT PURSUANT TO … These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. endobj 2016 CSR Report PDF Format Download (opens in new window) PDF 6.30 MB. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. Qorvo's annual revenues are over $500 million (see exact revenue data). The Investor Relations website contains information about Qorvo, Inc.'s business for stockholders, potential investors, and financial analysts. GAAP revenue is expected to reconcile within $1.0 million of the quarterly forecasted non-GAAP revenue. Qorvo (Filer) Form 10-K Annual report pursuant to Section 13 or 15(d) 05/18/2020 3:17 PM: Murphy Mark J. 212-827-3772. 2015 10-K PDF Format Download (opens in new window) PDF 2.88 MB. Qorvo Inc. Qorvo's Annual Report & Profile shows critical firmographic facts: What is the company's size? "In the March quarter, we're forecasting a greater than historical sequential decline as two of our leading customers in China and a tier-one customer in Korea delay flagship smartphone launches. Buy from an Authorized Channel Partner Non-GAAP net income and non-GAAP net income per diluted share. Vice President In managing Qorvo's business on a consolidated basis, management develops an annual operating plan, which is approved by our Board of Directors, using non-GAAP financial measures. Title View; Add Files. Add Files. /SA true GREENSBORO, NC – May 3, 2017 – Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Company's fiscal 2017 fourth quarter, ended April 1, 2017. We believe that exclusion of these costs in presenting non-GAAP gross profit and gross margin gives management and investors a more effective means of evaluating Qorvo's historical performance and projected costs and the potential for realizing cost efficiencies. 2016 Annual Report and 2017 Proxy Statement 7.6 MB. /Height 317 A month has gone by since the last earnings report for Qorvo (QRVO). Add Files. x��}}hUK����p॔�K��P�0���!��4� !�4W$���B �� 6���� 6���Bi�����4� "bS�r���onX���>f晵f��y����k�fͳf���J˂��#\�${�'�& In depth view into Qorvo Revenue (Annual) including historical data from 2015, charts, stats and industry comps. 2017 Annual Report and 2018 Proxy Statement 11.1 MB. Qorvo, Inc. Qorvo defines EBITDA as earnings before interest expense and interest income, income tax expense (benefit), depreciation and intangible amortization. 7) We supported the launch of marquee smartphones and leading China-based OEMs and delivered record revenue in IDP. /SM 0.02 We use ROIC to track how much value we are creating for our shareholders. 2017 Proxy Statement PDF Format Download (opens in new window) PDF 2.51 MB. We also leverage our 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. The income tax adjustment primarily represents the use of net operating loss and research and development tax credit carryforwards, deferred tax expense not affecting taxes payable, tax deductible stock-based compensation expense in excess of GAAP stock-based compensation expense, and non-cash expense (benefit) related to uncertain tax positions. Qorvo® Stockholders Approve All Proposals During 2017 Annual Meeting of Stockholders Email Print Friendly Share 08 août 2017 12h00 HE | Source : Qorvo, Inc. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. 2015 Annual Report and 2016 Proxy Statement 5.7 MB. Qorvo annual revenue for 2018 was $2.974B, a 1.95% decline from 2017. We believe that the majority of Qorvo's purchased intangibles are not relevant to analyzing current operations because they generally represent costs incurred by the acquired company to build value prior to acquisition, and thus are effectively part of transaction costs rather than ongoing costs of operating Qorvo's business. Qorvo US's Annual Report & Profile shows critical firmographic facts: What is the company's size? Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support 2012 Annual Report and 2013 Proxy Statement 2.3 MB. We believe that the exclusion of this non-cash adjustment to revenue provides management and investors a more effective means of evaluating our historical and projected performance. Based in Greensboro, North Carolina. Shares have added about 8.5% in … Annual and quarterly financial reports, income statements and balance sheets for QORVO, INC. (QRVO) on MSN Money. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2018 or ¨ TRANSITION REPORT PURSUANT TO … 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. Read the latest RF trends, how-to articles, design tips and more from Qorvo experts. /CA 1.0 Non-GAAP ROIC. Visit www.qorvo.com to learn how Qorvo connects the world. Qorvo, Inc. (QRVO) 10-K Annual Report Wed May 20 2020. 4 0 obj 2016 10-K PDF Format Download (opens in new window) PDF 1.51 MB. We believe that presentation of measures of net income and net income per diluted share that exclude these items is useful to both management and investors for the reasons described above with respect to non-GAAP gross profit and gross margin and non-GAAP operating income and operating margin. (1) Free Cash Flow is calculated as net cash provided by operating activities minus property and equipment expenditures. In fiscal year 2018, we expect double-digit revenue growth, driven by continued broad-based growth in IDP and increasing demand for our mobile products, including multiplexers, diversity receive modules, WiFi, RF Fusion, and RF Flex. 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. Qorvo (NASDAQ:QRVO) makes a better world possible by providing innovative RF solutions at the center of connectivity. >> UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 1, 2017 or ¨ TRANSITION REPORT PURSUANT TO … Annual Report 2016 Form 10-K (NASDAQ:QRVO) Published: May 31st, 2016 PDF generated by stocklight.com . On a GAAP basis, fiscal 2017 fourth quarter revenue increased 5.7% year-over-year to $643.0 million. Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems for applications that drive wireless and broadband communications, as well as foundry services. Our journey for a better, more connected tomorrow. We believe disclosure of non-GAAP operating income and operating margin has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. 2010 Annual Report … QUARTERLY RESULTS Show all. QRVO 2020 Proxy Statement 5.9 MB. Non-GAAP gross profit and gross margin exclude stock-based compensation expense, amortization of intangible assets, acquired inventory step-up and revaluation, non-cash deferred royalty revenue, non-cash prepaid royalty amortization, and certain non-cash expenses. 2017 CSR Report PDF Format Download (opens in new window) PDF 18.29 MB. We believe disclosure of these non-GAAP operating expenses has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures. We believe such reconciliations would imply a degree of precision that would be confusing or misleading to investors. Second Quarter. endobj You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. Non-GAAP research and development, marketing and selling and general and administrative expenses exclude stock-based compensation expense, amortization of intangible assets, acquisition and integration related costs, IPR litigation costs (settlement) and certain non-cash expenses. As of July 26, 2017, there were 127,267,751 shares of the registrant’s common stock outstanding. 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Qorvo's business is subject to numerous risks and uncertainties, including variability in operating results, the inability of certain of our customers or suppliers to access their traditional sources of credit, our industry's rapidly changing technology, our dependence on a few large customers for a substantial portion of our revenue, a loss of revenue if contracts with the U.S. government or defense and aerospace contractors are canceled or delayed, our ability to implement innovative technologies, our ability to bring new products to market and achieve design wins, the efficient and successful operation of our wafer fabrication facilities, assembly facilities and test and tape and reel facilities, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, variability in manufacturing yields, industry overcapacity and current macroeconomic conditions, inaccurate product forecasts and corresponding inventory and manufacturing costs, dependence on third parties and our ability to manage platform providers and customer relationships, our dependence on international sales and operations, our ability to attract and retain skilled personnel and develop leaders, the possibility that future acquisitions may dilute our shareholders' ownership and cause us to incur debt and assume contingent liabilities, fluctuations in the price of our common stock, additional claims of infringement on our intellectual property portfolio, lawsuits and claims relating to our products, security breaches and other similar disruptions compromising our information and exposing us to liability, and the impact of stringent environmental regulations. 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