NXP Semiconductors Reports Second Quarter 2020 Results

NXP Semiconductors
Table 2: Condensed consolidated balance sheet (unaudited)

($ in millions) As of
  June 28, 2020  March 29, 2020  June 30, 2019
ASSETS     
Current assets:     
Cash and cash equivalents$3,266  $1,079  3,030 
Accounts receivable, net481  616  780 
Assets held for sale    81 
Inventories, net1,228  1,227  1,144 
Other current assets240  327  396 
Total current assets 5,215   3,249   5,431 
      
Non-current assets:     
Other non-current assets760  712  706 
Property, plant and equipment, net2,312  2,397  2,397 
Identified intangible assets, net2,824  3,218  3,737 
Goodwill9,946  9,935  8,788 
Total non-current assets 15,842   16,262   15,628 
      
Total assets 21,057   19,511   21,059 
       
LIABILITIES AND EQUITY          
Current liabilities:          
Accounts payable 729     895     770  
Restructuring liabilities-current 25     26     53  
Other current liabilities 889     910     983  
Short-term debt 1,349         1,177  
Total current liabilities 2,992     1,831     2,983  
           
Non-current liabilities:          
Long-term debt 8,004     7,366     7,361  
Deferred tax liabilities 136     199     337  
Other non-current liabilities 870     857     858  
Total non-current liabilities 9,010     8,422     8,556  
           
Non-controlling interests 193     222     195  
Stockholders’ equity 8,862     9,036     9,325  
Total equity 9,055     9,258     9,520  
           
Total liabilities and equity 21,057     19,511     21,059  
           
           

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