2024 Q3 Form 10-Q Financial Statement

#000141344724000072 Filed on July 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.250B $3.127B
YoY Change -1.49% 0.19%
Cost Of Revenue $1.384B $1.335B
YoY Change -2.4% -1.18%
Gross Profit $1.866B $1.792B
YoY Change -0.8% 1.24%
Gross Profit Margin 57.42% 57.31%
Selling, General & Admin $265.0M $270.0M
YoY Change -3.28% -3.57%
% of Gross Profit 14.2% 15.07%
Research & Development $577.0M $594.0M
YoY Change -2.04% 2.95%
% of Gross Profit 30.92% 33.15%
Depreciation & Amortization $218.0M $213.0M
YoY Change -22.42% -24.73%
% of Gross Profit 11.68% 11.89%
Operating Expenses $871.0M $892.0M
YoY Change -7.73% -5.31%
Operating Profit $990.0M $896.0M
YoY Change 5.66% 8.61%
Interest Expense $96.00M $97.00M
YoY Change -11.93% -12.61%
% of Operating Profit 9.7% 10.83%
Other Income/Expense, Net -$82.00M -$75.00M
YoY Change 10.81% -8.54%
Pretax Income $908.0M $821.0M
YoY Change 5.21% 10.5%
Income Tax $173.0M $154.0M
% Of Pretax Income 19.05% 18.76%
Net Earnings $718.0M $658.0M
YoY Change 2.87% 6.99%
Net Earnings / Revenue 22.09% 21.04%
Basic Earnings Per Share $2.82 $2.58
Diluted Earnings Per Share $2.79 $2.54
COMMON SHARES
Basic Shares Outstanding 254.7M shares 255.7M shares
Diluted Shares Outstanding 257.7M shares 258.7M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.749B $2.866B
YoY Change -29.13% -27.24%
Cash & Equivalents $2.748B $2.859B
Short-Term Investments $1.000M $7.000M
Other Short-Term Assets $574.0M $546.0M
YoY Change 37.98% 41.09%
Inventory $2.234B $2.148B
Prepaid Expenses
Receivables $1.070B $927.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.026B $6.880B
YoY Change -5.65% -6.48%
LONG-TERM ASSETS
Property, Plant & Equipment $3.309B $3.289B
YoY Change 4.98% 5.32%
Goodwill $9.958B $9.941B
YoY Change 0.08% -0.08%
Intangibles
YoY Change
Long-Term Investments $264.0M $117.0M
YoY Change 156.31% 13.59%
Other Assets $2.641B $2.290B
YoY Change 23.64% 9.31%
Total Long-Term Assets $16.64B $16.32B
YoY Change 1.8% -0.36%
TOTAL ASSETS
Total Short-Term Assets $7.026B $6.880B
Total Long-Term Assets $16.64B $16.32B
Total Assets $23.67B $23.20B
YoY Change -0.53% -2.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $899.0M $929.0M
YoY Change -7.03% -7.29%
Accrued Expenses $416.0M $402.0M
YoY Change -5.45% -18.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $499.0M $499.0M
YoY Change -50.05% -50.0%
Total Short-Term Liabilities $2.992B $3.112B
YoY Change -26.76% -26.13%
LONG-TERM LIABILITIES
Long-Term Debt $9.683B $9.681B
YoY Change -4.8% -4.8%
Other Long-Term Liabilities $1.189B $1.003B
YoY Change 17.26% -5.11%
Total Long-Term Liabilities $10.93B $10.74B
YoY Change -2.67% -4.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.992B $3.112B
Total Long-Term Liabilities $10.93B $10.74B
Total Liabilities $13.93B $13.85B
YoY Change -9.09% -10.55%
SHAREHOLDERS EQUITY
Retained Earnings -$1.582B -$2.036B
YoY Change -50.99% -44.25%
Common Stock $14.91B $14.79B
YoY Change 3.89% 3.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.406B $9.018B
YoY Change
Total Liabilities & Shareholders Equity $23.67B $23.20B
YoY Change -0.53% -2.26%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $718.0M $658.0M
YoY Change 2.87% 6.99%
Depreciation, Depletion And Amortization $218.0M $213.0M
YoY Change -22.42% -24.73%
Cash From Operating Activities $779.0M $761.0M
YoY Change 3.04% 20.41%
INVESTING ACTIVITIES
Capital Expenditures $212.0M $240.0M
YoY Change -15.87% -4.38%
Acquisitions
YoY Change
Other Investing Activities -$159.0M $1.000M
YoY Change 5200.0% -101.72%
Cash From Investing Activities -$371.0M -$239.0M
YoY Change 45.49% -31.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -526.0M -567.0M
YoY Change -6.9% 186.36%
NET CHANGE
Cash From Operating Activities 779.0M 761.0M
Cash From Investing Activities -371.0M -239.0M
Cash From Financing Activities -526.0M -567.0M
Net Change In Cash -118.0M -45.00M
YoY Change 84.38% -152.94%
FREE CASH FLOW
Cash From Operating Activities $779.0M $761.0M
Capital Expenditures $212.0M $240.0M
Free Cash Flow $567.0M $521.0M
YoY Change 12.5% 36.75%

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CY2024Q2 us-gaap Purchase Obligation
PurchaseObligation
3899000000 usd
nxpi Number Of Birth Defect Individuals
NumberOfBirthDefectIndividuals
21 individual
CY2024Q2 us-gaap Liabilities Subject To Compromise Provision For Expected And Allowed Claims
LiabilitiesSubjectToCompromiseProvisionForExpectedAndAllowedClaims
95000000 usd
CY2023Q4 us-gaap Liabilities Subject To Compromise Provision For Expected And Allowed Claims
LiabilitiesSubjectToCompromiseProvisionForExpectedAndAllowedClaims
112000000 usd
CY2024Q2 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
67000000 usd
CY2023Q4 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
67000000 usd
CY2024Q2 nxpi Insurance Reimbursement Of Claims Potential Maximum Exposure
InsuranceReimbursementOfClaimsPotentialMaximumExposure
70000000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 us-gaap Liabilities Subject To Compromise Provision For Expected And Allowed Claims
LiabilitiesSubjectToCompromiseProvisionForExpectedAndAllowedClaims
95000000 usd
CY2023Q4 us-gaap Liabilities Subject To Compromise Provision For Expected And Allowed Claims
LiabilitiesSubjectToCompromiseProvisionForExpectedAndAllowedClaims
112000000 usd
CY2024Q2 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
67000000 usd
CY2023Q4 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
67000000 usd
CY2024Q2 nxpi Insurance Reimbursement Of Claims Potential Maximum Exposure
InsuranceReimbursementOfClaimsPotentialMaximumExposure
70000000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 us-gaap Liabilities Subject To Compromise Provision For Expected And Allowed Claims
LiabilitiesSubjectToCompromiseProvisionForExpectedAndAllowedClaims
112000000 usd
CY2024Q2 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
67000000 usd
CY2023Q4 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
67000000 usd
CY2024Q2 nxpi Insurance Reimbursement Of Claims Potential Maximum Exposure
InsuranceReimbursementOfClaimsPotentialMaximumExposure
70000000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001413447-24-000072-index-headers.html Edgar Link pending
0001413447-24-000072-index.html Edgar Link pending
0001413447-24-000072.txt Edgar Link pending
0001413447-24-000072-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nxpi-20240630.htm Edgar Link pending
nxpi-20240630.xsd Edgar Link pending
nxpi-20240630_g1.jpg Edgar Link pending
nxpi-20240630_g10.jpg Edgar Link pending
nxpi-20240630_g2.jpg Edgar Link pending
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nxpi-20240630_def.xml Edgar Link unprocessable
nxpi-20240630_g8.jpg Edgar Link pending
nxpi-20240630_g9.jpg Edgar Link pending
R1.htm Edgar Link pending
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nxpi-20240630_pre.xml Edgar Link unprocessable
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report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
nxpi-20240630_cal.xml Edgar Link unprocessable
nxpi-20240630_htm.xml Edgar Link completed
nxpi-20240630_lab.xml Edgar Link unprocessable