For further information, please contact:
| Investors: | Media: |
| Jeff Palmer | Paige Iven |
| jeff.palmer@nxp.com | paige.iven@nxp.com |
| +1 408 205 0687 | +1 817 975 0602 |
NXP-CORP
NXP Semiconductors
Table 1: Condensed consolidated statement of operations (unaudited)
| ($ in millions except share data) | Three months ended | ||||||||||
| March 31, 2024 | December 31, 2023 | April 2, 2023 | |||||||||
| Revenue | $ | 3,126 | $ | 3,422 | $ | 3,121 | |||||
| Cost of revenue | (1,343 | ) | (1,485 | ) | (1,351 | ) | |||||
| Gross profit | 1,783 | 1,937 | 1,770 | ||||||||
| Research and development | (564 | ) | (651 | ) | (577 | ) | |||||
| Selling, general and administrative | (306 | ) | (311 | ) | (280 | ) | |||||
| Amortization of acquisition-related intangible assets | (51 | ) | (63 | ) | (85 | ) | |||||
| Total operating expenses | (921 | ) | (1,025 | ) | (942 | ) | |||||
| Other income (expense) | (6 | ) | (5 | ) | (3 | ) | |||||
| Operating income (loss) | 856 | 907 | 825 | ||||||||
| Financial income (expense): | |||||||||||
| Extinguishment of debt | — | — | — | ||||||||
| Other financial income (expense) | (70 | ) | (78 | ) | (82 | ) | |||||
| Income (loss) before income taxes | 786 | 829 | 743 | ||||||||
| Benefit (provision) for income taxes | (141 | ) | (124 | ) | (118 | ) | |||||
| Results relating to equity-accounted investees | (1 | ) | (2 | ) | (2 | ) | |||||
| Net income (loss) | 644 | 703 | 623 | ||||||||
| Less: Net income (loss) attributable to non-controlling interests | 5 | 6 | 8 | ||||||||
| Net income (loss) attributable to stockholders | 639 | 697 | 615 | ||||||||
| Earnings per share data: | |||||||||||
| Net income (loss) per common share attributable to stockholders in $ | |||||||||||
| Basic | $ | 2.49 | $ | 2.71 | $ | 2.37 | |||||
| Diluted | $ | 2.47 | $ | 2.68 | $ | 2.35 | |||||
| Weighted average number of shares of common stock outstanding during the period (in thousands): | |||||||||||
| Basic | 256,567 | 257,285 | 259,576 | ||||||||
| Diluted | 258,954 | 260,298 | 261,210 | ||||||||
