NXP Semiconductors Reports Fourth Quarter and Full-Year 2022 Results; Announces Increase of Quarterly Dividend
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Additional information | | | | | | | | |
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Q4 2022 |
Q3 2022 |
Q4 2021 |
Q - Q |
Y - Y |
2022
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2021
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Y - Y |
| Automotive | $ | 1,805 | | $ | 1,804 | | $ | 1,547 | | 0 | % | 17 | % | $ | 6,879 | | $ | 5,493 | | 25 | % |
| Industrial & IoT | $ | 605 | | $ | 713 | | $ | 661 | | -15 | % | -8 | % | $ | 2,713 | | $ | 2,410 | | 13 | % |
| Mobile | $ | 408 | | $ | 410 | | $ | 374 | | — | % | 9 | % | $ | 1,607 | | $ | 1,412 | | 14 | % |
| Comm. Infra. & Other | $ | 494 | | $ | 518 | | $ | 457 | | -5 | % | 8 | % | $ | 2,006 | | $ | 1,748 | | 15 | % |
| DIO | | 116 | | | 99 | | | 83 | | | | | | |
| DPO | | 105 | | | 96 | | | 87 | | | | | | |
| DSO | | 26 | | | 27 | | | 28 | | | | | | |
| Cash Conversion Cycle | | 37 | | | 30 | | | 24 | | | | | | |
| Channel Inventory (months) | | 1.6 | | | 1.6 | | | 1.5 | | | | | | |
| Gross Financial Leverage (ii) | 2.0x | | 2.1x | | 2.5x | | | | | | |
| Net Financial Leverage (iii) | 1.3x | | 1.4x | | 1.8x | | | | | | |
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Additional Information for the Fourth Quarter and Full-year 2022:
- For an explanation of GAAP to non-GAAP adjustments, please see “Non-GAAP Financial Measures”.
- Gross financial leverage is defined as gross debt divided by trailing twelve months adjusted EBITDA.
- Net financial leverage is defined as net debt divided by trailing twelve months adjusted EBITDA.
- Net cash paid for income taxes related to on-going operations was $126 million. Full-Year 2022 net cash paid for income taxes related to on-going operations was $558 million; and
- Weighted average number of diluted shares for the three-month period ended December 31, 2022 was 261.4 million. Weighted average number of diluted shares for the twelve-month period ended December 31, 2022 was 264.1 million.
