| For further information, please contact: | |
| Investors: | Media: |
| Jeff Palmer | Jacey Zuniga |
| jeff.palmer@nxp.com | jacey.zuniga@nxp.com |
| +1 408 518 5411 | +1 512 895 7398 |
NXP-Corp
NXP Semiconductors
Table 1: Condensed consolidated statement of operations (unaudited)
| ($ in millions except share data) | Three months ended | Full-year | |||||||||||||||||
|
December 31,
2019 |
September 29,
2019 |
December 31,
2018 | 2019 | 2018 | |||||||||||||||
| Revenue | $ | 2,301 | $ | 2,265 | $ | 2,403 | $ | 8,877 | $ | 9,407 | |||||||||
| Cost of revenue | (1,092 | ) | (1,079 | ) | (1,160 | ) | (4,259 | ) | (4,556 | ) | |||||||||
| Gross profit | 1,209 | 1,186 | 1,243 | 4,618 | 4,851 | ||||||||||||||
| Research and development | (424 | ) | (396 | ) | (403 | ) | (1,643 | ) | (1,700 | ) | |||||||||
| Selling, general and administrative | (225 | ) | (221 | ) | (251 | ) | (924 | ) | (993 | ) | |||||||||
| Amortization of acquisition-related intangible assets | (365 | ) | (358 | ) | (364 | ) | (1,435 | ) | (1,449 | ) | |||||||||
| Total operating expenses | (1,014 | ) | (975 | ) | (1,018 | ) | (4,002 | ) | (4,142 | ) | |||||||||
| Other income (expense) | 2 | 22 | (1 | ) | 25 | 2,001 | |||||||||||||
| Operating income (loss) | 197 | 233 | 224 | 641 | 2,710 | ||||||||||||||
| Financial income (expense): | |||||||||||||||||||
| Extinguishment of debt | — | (1 | ) | — | (11 | ) | (26 | ) | |||||||||||
| Other financial income (expense) | (93 | ) | (84 | ) | (77 | ) | (339 | ) | (309 | ) | |||||||||
| Income (loss) before income taxes | 104 | 148 | 147 | 291 | 2,375 | ||||||||||||||
| Benefit (provision) for income taxes | 20 | (28 | ) | 141 | (20 | ) | (176 | ) | |||||||||||
| Results relating to equity-accounted investees | (1 | ) | (1 | ) | 1 | 1 | 59 | ||||||||||||
| Net income (loss) | 123 | 119 | 289 | 272 | 2,258 | ||||||||||||||
| Less: Net income (loss) attributable to non-controlling interests | 9 | 10 | 13 | 29 | 50 | ||||||||||||||
| Net income (loss) attributable to stockholders | 114 | 109 | 276 | 243 | 2,208 | ||||||||||||||
| Earnings per share data: | |||||||||||||||||||
| Net income (loss) per common share attributable to stockholders in $ | |||||||||||||||||||
| Basic | $ | 0.41 | $ | 0.39 | $ | 0.94 | $ | 0.86 | $ | 6.78 | |||||||||
| Diluted | $ | 0.40 | $ | 0.38 | $ | 0.94 | $ | 0.85 | $ | 6.72 | |||||||||
| Weighted average number of shares of common stock outstanding during the period (in thousands): | |||||||||||||||||||
| Basic | 280,766 | 279,074 | 293,170 | 282,056 | 325,781 | ||||||||||||||
| Diluted | 285,518 | 283,518 | 294,947 | 285,911 | 328,606 | ||||||||||||||
