| For further information, please contact: | |
|
Investors:
Jeff Palmer jeff.palmer@nxp.com +1 408 518 5411 |
Media:
Paige Iven paige.iven@nxp.com +1 817 975 0602 |
NXP-CORP
NXP Semiconductors
Table 1: Condensed consolidated statement of operations (unaudited)
| ($ in millions except share data) | Three months ended | Full-year | |||||||||||||||||
|
December 31,
2023 |
October 1,
2023 |
December 31,
2022 | 2023 | 2022 | |||||||||||||||
| Revenue | $ | 3,422 | $ | 3,434 | $ | 3,312 | $ | 13,276 | $ | 13,205 | |||||||||
| Cost of revenue | (1,485 | ) | (1,469 | ) | (1,421 | ) | (5,723 | ) | (5,688 | ) | |||||||||
| Gross profit | 1,937 | 1,965 | 1,891 | 7,553 | 7,517 | ||||||||||||||
| Research and development | (651 | ) | (601 | ) | (540 | ) | (2,418 | ) | (2,148 | ) | |||||||||
| Selling, general and administrative | (311 | ) | (294 | ) | (261 | ) | (1,159 | ) | (1,066 | ) | |||||||||
| Amortization of acquisition-related intangible assets | (63 | ) | (71 | ) | (109 | ) | (300 | ) | (509 | ) | |||||||||
| Total operating expenses | (1,025 | ) | (966 | ) | (910 | ) | (3,877 | ) | (3,723 | ) | |||||||||
| Other income (expense) | (5 | ) | (7 | ) | (1 | ) | (15 | ) | 3 | ||||||||||
| Operating income (loss) | 907 | 992 | 980 | 3,661 | 3,797 | ||||||||||||||
| Financial income (expense): | |||||||||||||||||||
| Extinguishment of debt | — | — | — | — | (18 | ) | |||||||||||||
| Other financial income (expense) | (78 | ) | (75 | ) | (103 | ) | (309 | ) | (416 | ) | |||||||||
| Income (loss) before income taxes | 829 | 917 | 877 | 3,352 | 3,363 | ||||||||||||||
| Benefit (provision) for income taxes | (124 | ) | (123 | ) | (137 | ) | (523 | ) | (529 | ) | |||||||||
| Results relating to equity-accounted investees | (2 | ) | (2 | ) | (6 | ) | (7 | ) | (1 | ) | |||||||||
| Net income (loss) | 703 | 792 | 734 | 2,822 | 2,833 | ||||||||||||||
| Less: Net income (loss) attributable to non-controlling interests | 6 | 5 | 12 | 25 | 46 | ||||||||||||||
| Net income (loss) attributable to stockholders | 697 | 787 | 722 | 2,797 | 2,787 | ||||||||||||||
| Earnings per share data: | |||||||||||||||||||
| Net income (loss) per common share attributable to stockholders in $ | |||||||||||||||||||
| Basic | $ | 2.71 | $ | 3.06 | $ | 2.78 | $ | 10.83 | $ | 10.64 | |||||||||
| Diluted | $ | 2.68 | $ | 3.01 | $ | 2.76 | $ | 10.70 | $ | 10.55 | |||||||||
| Weighted average number of shares of common stock outstanding during the period (in thousands): | |||||||||||||||||||
| Basic | 257,285 | 257,488 | 259,618 | 258,381 | 261,879 | ||||||||||||||
| Diluted | 260,298 | 261,095 | 261,448 | 261,370 | 264,053 | ||||||||||||||
