| For further information, please contact: | ||
| Investors: | Media: | |
| Jeff Palmer | Jacey Zuniga | |
| jeff.palmer@nxp.com | jacey.zuniga@nxp.com | |
| +1 408 518 5411 | +1 512 895 7398 | |
NXP-CORP
NXP Semiconductors
Table 1: Condensed consolidated statement of operations (unaudited)
| ($ in millions except share data) | Three months ended | Full-year | |||||||||||||||||
|
December 31,
2020 |
September 27,
2020 |
December 31,
2019 | 2020 | 2019 | |||||||||||||||
| Revenue | $ | 2,507 | $ | 2,267 | $ | 2,301 | $ | 8,612 | $ | 8,877 | |||||||||
| Cost of revenue | (1,219 | ) | (1,177 | ) | (1,092 | ) | (4,377 | ) | (4,259 | ) | |||||||||
| Gross profit | 1,288 | 1,090 | 1,209 | 4,235 | 4,618 | ||||||||||||||
| Research and development | (460 | ) | (438 | ) | (424 | ) | (1,725 | ) | (1,643 | ) | |||||||||
| Selling, general and administrative | (221 | ) | (203 | ) | (225 | ) | (879 | ) | (924 | ) | |||||||||
| Amortization of acquisition-related intangible assets | (148 | ) | (418 | ) | (365 | ) | (1,327 | ) | (1,435 | ) | |||||||||
| Total operating expenses | (829 | ) | (1,059 | ) | (1,014 | ) | (3,931 | ) | (4,002 | ) | |||||||||
| Other income (expense) | 4 | 1 | 2 | 114 | 25 | ||||||||||||||
| Operating income (loss) | 463 | 32 | 197 | 418 | 641 | ||||||||||||||
| Financial income (expense): | |||||||||||||||||||
| Extinguishment of debt | (60 | ) | — | — | (60 | ) | (11 | ) | |||||||||||
| Other financial income (expense) | (77 | ) | (106 | ) | (93 | ) | (357 | ) | (339 | ) | |||||||||
| Income (loss) before income taxes | 326 | (74 | ) | 104 | 1 | 291 | |||||||||||||
| Benefit (provision) for income taxes | (5 | ) | 57 | 20 | 83 | (20 | ) | ||||||||||||
| Results relating to equity-accounted investees | (1 | ) | (1 | ) | (1 | ) | (4 | ) | 1 | ||||||||||
| Net income (loss) | 320 | (18 | ) | 123 | 80 | 272 | |||||||||||||
| Less: Net income (loss) attributable to non-controlling interests | 11 | 4 | 9 | 28 | 29 | ||||||||||||||
| Net income (loss) attributable to stockholders | 309 | (22 | ) | 114 | 52 | 243 | |||||||||||||
| Earnings per share data: | |||||||||||||||||||
| Net income (loss) per common share attributable to stockholders in $ | |||||||||||||||||||
| Basic | $ | 1.10 | $ | (0.08 | ) | $ | 0.41 | $ | 0.19 | $ | 0.86 | ||||||||
| Diluted | $ | 1.08 | $ | (0.08 | ) | $ | 0.40 | $ | 0.18 | $ | 0.85 | ||||||||
| Weighted average number of shares of common stock outstanding during the period (in thousands): | |||||||||||||||||||
| Basic | 280,484 | 279,467 | 280,766 | 279,763 | 282,056 | ||||||||||||||
| Diluted | 285,258 | 279,467 | 285,518 | 283,809 | 285,911 | ||||||||||||||
