NXP Semiconductors Reports Third Quarter 2020 Results

For further information, please contact:
 
Investors: 
Jeff Palmer
jeff.palmer@nxp.com
+1 408 518 5411
Media:
Jacey Zuniga
 jacey.zuniga@nxp.com
+1 512 895 7398

NXP-CORP

  
  
NXP Semiconductors
Table 1: Condensed consolidated statement of operations (unaudited)
($ in millions except share data) Three months ended
  September 27,
2020
  June 28, 2020  September 29,
2019
      
Revenue $ 2,267    $ 1,817    $ 2,265  
Cost of revenue(1,177) (957) (1,079)
Gross profit 1,090    860    1,186  
Research and development(438) (402) (396)
Selling, general and administrative(203) (222) (221)
Amortization of acquisition-related intangible assets(418) (380) (358)
Total operating expenses (1,059 )  (1,004 )  (975 )
Other income (expense)1  (1 )   22  
Operating income (loss) 32      (145 )   233   
Financial income (expense):          
Extinguishment of debt         (1 )
Other financial income (expense) (106 )   (96 )   (84 )
Income (loss) before income taxes (74 )   (241 )   148   
Benefit (provision) for income taxes 57     33     (28 )
Results relating to equity-accounted investees (1 )   (1 )   (1 )
Net income (loss) (18 )   (209 )   119   
Less: Net income (loss) attributable to non-controlling interests 4     5     10  
Net income (loss) attributable to stockholders (22 )   (214 )   109   
           
Earnings per share data:          
Net income (loss) per common share attributable to stockholders in $
Basic $ (0.08 )   $ (0.77 )   $ 0.39  
Diluted $ (0.08 )   $ (0.77 )   $ 0.38  
           
Weighted average number of shares of common stock outstanding during the period (in thousands):
Basic 279,467     279,142     279,074  
Diluted 279,467     279,142     283,518  
           

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