NXP Semiconductors Reports Second Quarter 2020 Results
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For further information, please contact: |
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Investors: |
Media: |
| Jeff Palmer | Jacey Zuniga |
| jeff.palmer@nxp.com | jacey.zuniga@nxp.com |
| +1 408 518 5411 | +1 512 895 7398 |
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| NXP-CORP | |
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NXP Semiconductors
Table 1: Condensed consolidated statement of operations (unaudited)
| ($ in millions except share data) |
Three months ended |
| |
June 28, 2020 | |
March 29, 2020 | |
June 30, 2019 |
| | | | | | |
|
Revenue |
$ |
1,817 | | |
$ |
2,021 | | |
$ |
2,217 | |
| Cost of revenue | (957 | ) | | (1,024 | ) | | (1,066 | ) |
|
Gross profit |
860 | | |
997 | | |
1,151 | |
| Research and development | (402 | ) | | (425 | ) | | (408 | ) |
| Selling, general and administrative | (222 | ) | | (233 | ) | | (230 | ) |
| Amortization of acquisition-related intangible assets | (380 | ) | | (381 | ) | | (355 | ) |
|
Total operating expenses |
(1,004 |
) | |
(1,039 |
) | |
(993 |
) |
| Other income (expense) | (1 | ) | | 110 | | | (1 | ) |
|
Operating income (loss) |
(145 |
) | |
68 | | |
157 | |
| Financial income (expense): | | | | | |
| Extinguishment of debt | — | | | — | | | (10 | ) |
| Other financial income (expense) | (96 | ) | | (78 | ) | | (79 | ) |
|
Income (loss) before income taxes |
(241 |
) | |
(10 |
) | |
68 | |
| Benefit (provision) for income taxes | 33 | | | (2 | ) | | (21 | ) |
| Results relating to equity-accounted investees | (1 | ) | | (1 | ) | | (1 | ) |
|
Net income (loss) |
(209 |
) | |
(13 |
) | |
46 | |
| Less: Net income (loss) attributable to non-controlling interests | 5 | | | 8 | | | 5 | |
|
Net income (loss) attributable to stockholders |
(214 |
) | |
(21 |
) | |
41 | |
| | | | | | |
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Earnings per share data: | | | | | |
| Net income (loss) per common share attributable to stockholders in $ |
| Basic | $ | (0.77 | ) | | $ | (0.08 | ) | | $ | 0.15 | |
| Diluted | $ | (0.77 | ) | | $ | (0.08 | ) | | $ | 0.14 | |
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| Weighted average number of shares of common stock outstanding during the period (in thousands): |
| Basic | 279,142 | | | 279,933 | | | 281,241 | |
| Diluted | 279,142 | | | 279,933 | | | 285,088 | |
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