NXP Semiconductors Reports First Quarter 2018 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) | |
Three Months Ended | |
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April 1, 2018 | |
December 31, 2017 | |
April 2, 2017 | |
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Revenue | |
$ |
2,269 | | |
$ |
2,456 | | |
$ |
2,211 | | |
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| | | Cost of revenue | | | (1,097 | ) | | | (1,214 | ) | | | (1,132 | ) | |
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Gross profit | | |
1,172 | | | |
1,242 | | | |
1,079 | | |
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| | | Research and development | | | (426 | ) | | | (414 | ) | | | (367 | ) | |
| | | Selling, general and administrative | | | (248 | ) | | | (269 | ) | | | (266 | ) | |
| | | Amortization of acquisition-related intangible assets | | | (360 | ) | | | (347 | ) | | | (365 | ) | |
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Total operating expenses | | |
(1,034 |
) | | |
(1,030 |
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(998 |
) | |
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| | | Other income (expense) | | | - | | | | (2 | ) | | | 1,598 | | |
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Operating income (loss) | | |
138 | | | |
210 | | | |
1,679 | | |
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| | | Financial income (expense): | | | | | | | |
| | | Extinguishment of debt | | | - | | | | - | | | | (41 | ) | |
| | | Other financial income (expense) | | | (68 | ) | | | (79 | ) | | | (95 | ) | |
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Income (loss) before taxes | | |
70 | | | |
131 | | | |
1,543 | | |
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| | | Benefit (provision) for income taxes | | | (2 | ) | | | 629 | | | | (230 | ) | |
| | | Results relating to equity-accounted investees | | | 2 | | | | 8 | | | | 5 | | |
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| | | Net income (loss) | | | 70 | | | | 768 | | | | 1,318 | | |
| | | Less: Net income (loss) attributable to non-controlling interests | | | 12 | | | | 15 | | | | 13 | | |
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Net income (loss) attributable to stockholders | | |
58 | | | |
753 | | | |
1,305 | | |
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Earnings per share data:
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| | | Net income (loss) per common share attributable to stockholders in $: | | | | | |
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| | | Basic | | $ | 0.17 | | | $ | 2.20 | | | $ | 3.88 | | |
| | | Diluted | | $ | 0.17 | | | $ | 2.17 | | | $ | 3.79 | | |
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| | | Weighted average number of shares of common stock outstanding during the period (in thousands): | | | |
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| | | Basic | | | 343,661 | | | | 342,088 | | | | 336,396 | | |
| | | Diluted | | | 346,899 | | | | 347,176 | | | | 344,011 | | |
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