| For further information, please contact: | ||
|
Investors:
Jeff Palmer jeff.palmer@nxp.com +1 408 518 5411 |
Media:
Jacey Zuniga jacey.zuniga@nxp.com +1 512 895 7398 | |
NXP-CORP
NXP Semiconductors
Table 1: Condensed consolidated statement of operations (unaudited)
| ($ in millions except share data) | Three months ended | ||||||||||
| October 1, 2023 | July 2, 2023 | October 2, 2022 | |||||||||
| Revenue | $ | 3,434 | $ | 3,299 | $ | 3,445 | |||||
| Cost of revenue | (1,469 | ) | (1,418 | ) | (1,478 | ) | |||||
| Gross profit | 1,965 | 1,881 | 1,967 | ||||||||
| Research and development | (601 | ) | (589 | ) | (548 | ) | |||||
| Selling, general and administrative | (294 | ) | (274 | ) | (289 | ) | |||||
| Amortization of acquisition-related intangible assets | (71 | ) | (81 | ) | (131 | ) | |||||
| Total operating expenses | (966 | ) | (944 | ) | (968 | ) | |||||
| Other income (expense) | (7 | ) | — | 2 | |||||||
| Operating income (loss) | 992 | 937 | 1,001 | ||||||||
| Financial income (expense): | |||||||||||
| Extinguishment of debt | — | — | — | ||||||||
| Other financial income (expense) | (75 | ) | (74 | ) | (98 | ) | |||||
| Income (loss) before income taxes | 917 | 863 | 903 | ||||||||
| Benefit (provision) for income taxes | (123 | ) | (158 | ) | (149 | ) | |||||
| Results relating to equity-accounted investees | (2 | ) | (1 | ) | (4 | ) | |||||
| Net income (loss) | 792 | 704 | 750 | ||||||||
| Less: Net income (loss) attributable to non-controlling interests | 5 | 6 | 12 | ||||||||
| Net income (loss) attributable to stockholders | 787 | 698 | 738 | ||||||||
| Earnings per share data: | |||||||||||
| Net income (loss) per common share attributable to stockholders in $ | |||||||||||
| Basic | $ | 3.06 | $ | 2.69 | $ | 2.81 | |||||
| Diluted | $ | 3.01 | $ | 2.67 | $ | 2.79 | |||||
| Weighted average number of shares of common stock outstanding during the period (in thousands): | |||||||||||
| Basic | 257,488 | 259,160 | 262,180 | ||||||||
| Diluted | 261,095 | 261,303 | 264,705 | ||||||||
