- NXP repurchased approximately 1.8 million shares in the third quarter of 2015 for a total cost of approximately $158 million.
- Effective October 29, 2015, NXP expanded its existing stock repurchase program. Under the expanded stock repurchase program, NXP may repurchase up to twenty (20) million shares of its common stock from time to time in both privately negotiated and open market transactions, subject to management’s evaluation of market conditions, terms of private transactions, the best interests of NXP shareholders, applicable legal requirements and other factors. There is no guarantee as to the exact number of shares that will be repurchased under the stock repurchase program, and NXP may terminate the repurchase program at any time.
- Net cash interest paid in the third quarter of 2015 was $42 million.
- SSMC, NXP’s consolidated joint-venture wafer fab with TSMC, reported third quarter 2015 operating income of $48 million, EBITDA of $64 million and a closing cash balance of $434 million. During the third quarter of 2015 SSMC paid a previously announced dividend of $130 million.
- Utilization in NXP wafer-fabs averaged 95 percent in the third quarter of 2015 compared to 96 percent in the prior year period and 98 percent in the prior quarter.
Supplemental Information ($ millions, unaudited)
| Q3 2015 | Q2 2015 | Q3 2014 | % Q3 2015 | Q - Q | Y - Y | ||||||||||||||||||||
| Automotive | $ | 308 | $ | 310 | $ | 288 | 20 | % | -0.6 | % | 6.9 | % | |||||||||||||
| Secure Identification Solutions | $ | 269 | $ | 257 | $ | 252 | 18 | % | 4.7 | % | 6.7 | % | |||||||||||||
| Secure Connected Devices | $ | 317 | $ | 276 | $ | 301 | 21 | % | 14.9 | % | 5.3 | % | |||||||||||||
| Secure Interfaces and Power | $ | 270 | $ | 303 | $ | 298 | 18 | % | -10.9 | % | -9.4 | % | |||||||||||||
| High Performance Mixed Signal (HPMS) | $ | 1,164 | $ | 1,146 | $ | 1,139 | 76 | % | 1.6 | % | 2.2 | % | |||||||||||||
| Standard Products (STDP) | $ | 325 | $ | 322 | $ | 333 | 21 | % | 0.9 | % | -2.4 | % | |||||||||||||
| Product Revenue | $ | 1,489 | $ | 1,468 | $ | 1,472 | 98 | % | 1.4 | % | 1.2 | % | |||||||||||||
| Corporate & Other | $ | 33 | $ | 38 | $ | 43 | 2 | % | -13.2 | % | -23.3 | % | |||||||||||||
| Total Revenue | $ | 1,522 | $ | 1,506 | $ | 1,515 | 100 | % | 1.1 | % | 0.5 | % | |||||||||||||
