NXP Semiconductors Reports First Quarter 2019 Results
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For further information, please contact: | | |
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Investors: | |
Media: |
| Jeff Palmer | | Jacey Zuniga |
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Email Contact | |
Email Contact |
| +1 408 518 5411 | | +1 512 895 7398 |
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NXP Semiconductors | | | | | | | |
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Table 1: Condensed consolidated statement of operations (unaudited) | | | | | |
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| | ($ in millions except share data) | |
Three Months Ended | |
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March 31, 2019 | |
December 31, 2018 | |
April 1, 2018 | |
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Revenue | |
$ |
2,094 | | |
$ |
2,403 | | |
$ |
2,269 | | |
| | Cost of revenue | | | (1,022 | ) | | | (1,160 | ) | | | (1,097 | ) | |
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Gross profit | | |
1,072 | | | |
1,243 | | | |
1,172 | | |
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| | Research and development | | | (415 | ) | | | (403 | ) | | | (426 | ) | |
| | Selling, general and administrative | | | (248 | ) | | | (251 | ) | | | (248 | ) | |
| | Amortization of acquisition-related intangible assets | | | (357 | ) | | | (364 | ) | | | (360 | ) | |
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Total operating expenses | | |
(1,020 |
) | | |
(1,018 |
) | | |
(1,034 |
) | |
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| | Other income (expense) | | | 2 | | | | (1 | ) | | | - | | |
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Operating income (loss) | | |
54 | | | |
224 | | | |
138 | | |
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| | Financial income (expense): | | | | | | | |
| | Extinguishment of debt | | | - | | | | - | | | | - | | |
| | Other financial income (expense) | | | (83 | ) | | | (77 | ) | | | (68 | ) | |
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Income (loss) before taxes | | |
(29 |
) | | |
147 | | | |
70 | | |
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| | Benefit (provision) for income taxes | | | 9 | | | | 141 | | | | (2 | ) | |
| | Results relating to equity-accounted investees | | | 4 | | | | 1 | | | | 2 | | |
| | Net income (loss) | | | (16 | ) | | | 289 | | | | 70 | | |
| | Less: Net income (loss) attributable to non-controlling interests | | | 5 | | | | 13 | | | | 12 | | |
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Net income (loss) attributable to stockholders | | |
(21 |
) | | |
276 | | | |
58 | | |
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Earnings per share data:
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| | Net income (loss) per common share attributable to stockholders in $: | | | | | |
| | Basic | | $ | (0.07 | ) | | $ | 0.94 | | | $ | 0.17 | | |
| | Diluted | | $ | (0.07 | ) | | $ | 0.94 | | | $ | 0.17 | | |
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| | Weighted average number of shares of common stock outstanding during the period (in thousands): | | | |
| | Basic | | | 287,227 | | | | 293,170 | | | | 343,661 | | |
| | Diluted | | | 287,227 | | | | 294,947 | | | | 346,899 | | |
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