| NXP Semiconductors | |||||||||||||||
| Table 1: Condensed consolidated statement of operations (unaudited) | |||||||||||||||
| ($ in millions except share data) | Three Months Ended | ||||||||||||||
| April 1, 2018 | December 31, 2017 | April 2, 2017 | |||||||||||||
| Revenue | $ | 2,269 | $ | 2,456 | $ | 2,211 | |||||||||
| Cost of revenue | (1,097 | ) | (1,214 | ) | (1,132 | ) | |||||||||
| Gross profit | 1,172 | 1,242 | 1,079 | ||||||||||||
| Research and development | (426 | ) | (414 | ) | (367 | ) | |||||||||
| Selling, general and administrative | (248 | ) | (269 | ) | (266 | ) | |||||||||
| Amortization of acquisition-related intangible assets | (360 | ) | (347 | ) | (365 | ) | |||||||||
| Total operating expenses | (1,034 | ) | (1,030 | ) | (998 | ) | |||||||||
| Other income (expense) | - | (2 | ) | 1,598 | |||||||||||
| Operating income (loss) | 138 | 210 | 1,679 | ||||||||||||
| Financial income (expense): | |||||||||||||||
| Extinguishment of debt | - | - | (41 | ) | |||||||||||
| Other financial income (expense) | (68 | ) | (79 | ) | (95 | ) | |||||||||
| Income (loss) before taxes | 70 | 131 | 1,543 | ||||||||||||
| Benefit (provision) for income taxes | (2 | ) | 629 | (230 | ) | ||||||||||
| Results relating to equity-accounted investees | 2 | 8 | 5 | ||||||||||||
| Net income (loss) | 70 | 768 | 1,318 | ||||||||||||
| Less: Net income (loss) attributable to non-controlling interests | 12 | 15 | 13 | ||||||||||||
| Net income (loss) attributable to stockholders | 58 | 753 | 1,305 | ||||||||||||
| Earnings per share data: | |||||||||||||||
| Net income (loss) per common share attributable to stockholders in $: | |||||||||||||||
| Basic | $ | 0.17 | $ | 2.20 | $ | 3.88 | |||||||||
| Diluted | $ | 0.17 | $ | 2.17 | $ | 3.79 | |||||||||
| Weighted average number of shares of common stock outstanding during the period (in thousands): | |||||||||||||||
| Basic | 343,661 | 342,088 | 336,396 | ||||||||||||
| Diluted | 346,899 | 347,176 | 344,011 | ||||||||||||
NXP Semiconductors Reports First Quarter 2018 Results
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