NXP Semiconductors Reports First Quarter 2019 Results


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NXP Semiconductors
Table 1: Condensed consolidated statement of operations (unaudited)



($ in millions except share data)	Three Months Ended
	March 31, 2019			December 31, 2018			April 1, 2018

Revenue	$	2,094		$	2,403		$	2,269
Cost of revenue		(1,022	)		(1,160	)		(1,097	)
Gross profit		1,072			1,243			1,172

Research and development		(415	)		(403	)		(426	)
Selling, general and administrative		(248	)		(251	)		(248	)
Amortization of acquisition-related intangible assets		(357	)		(364	)		(360	)
Total operating expenses		(1,020	)		(1,018	)		(1,034	)

Other income (expense)		2			(1	)		-
Operating income (loss)		54			224			138

Financial income (expense):
Extinguishment of debt		-			-			-
Other financial income (expense)		(83	)		(77	)		(68	)
Income (loss) before taxes		(29	)		147			70

Benefit (provision) for income taxes		9			141			(2	)
Results relating to equity-accounted investees		4			1			2
Net income (loss)		(16	)		289			70
Less: Net income (loss) attributable to non-controlling interests		5			13			12
Net income (loss) attributable to stockholders		(21	)		276			58

Earnings per share data:
Net income (loss) per common share attributable to stockholders in $:
Basic	$	(0.07	)	$	0.94		$	0.17
Diluted	$	(0.07	)	$	0.94		$	0.17

Weighted average number of shares of common stock outstanding during the period (in thousands):
Basic		287,227			293,170			343,661
Diluted		287,227			294,947			346,899

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