NXP Semiconductors Reports Third Quarter 2015 Results
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NXP Semiconductors |
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Table 1: Condensed consolidated statement of operations (unaudited) |
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| ($ in millions except share data) |
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Three Months Ended |
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October 4, 2015 |
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July 5,
2015 |
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Sept. 28,
2014 |
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Revenue |
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$ |
1,522 |
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$ |
1,506 |
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$ |
1,515 |
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| Cost of revenue |
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(782 |
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(782 |
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(802 |
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Gross profit |
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740 |
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724 |
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713 |
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| Research and development |
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(178 |
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(195 |
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(196 |
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| Selling, general and administrative |
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(191 |
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(198 |
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(211 |
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Total operating expenses |
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(369 |
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(393 |
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(407 |
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| Other income (expense) |
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4 |
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1 |
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1 |
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Operating income (loss) |
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375 |
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332 |
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307 |
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| Financial income (expense): |
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| Interest income (expense) - net |
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(53 |
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(45 |
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(34 |
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| Foreign exchange gain (loss) |
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6 |
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40 |
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(131 |
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| Changes in fair value of warrant liability |
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67 |
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18 |
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- |
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| Other financial expense |
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(4 |
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(11 |
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(3 |
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Income (loss) before taxes |
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391 |
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334 |
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139 |
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| Benefit (provision) for income taxes |
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(15 |
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(14 |
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(4 |
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| Results relating to equity-accounted investees |
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3 |
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1 |
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3 |
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| Net income (loss) |
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379 |
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321 |
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138 |
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| Net (income) loss attributable to non-controlling interests |
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(18 |
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(21 |
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(17 |
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Net income (loss) attributable to stockholders |
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361 |
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300 |
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121 |
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Earnings per share data:
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| Net income (loss) attributable to stockholders per common share |
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| Basic earnings per common share in $ |
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$ |
1.56 |
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$ |
1.29 |
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$ |
0.51 |
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| Diluted earnings per common share in $ |
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$ |
1.49 |
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$ |
1.23 |
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$ |
0.49 |
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| Weighted average number of shares of common stock (in thousands): |
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| Basic |
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231,545 |
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232,681 |
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235,095 |
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| Diluted |
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242,122 |
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243,288 |
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246,550 |
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