$NXPI

NXP Semiconductors N.V.

CIK:0001413447|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2026	Jun. 29, 2025	Jun. 28, 2026	Jun. 29, 2025
Income Statement [Abstract]
Revenue	$ 3,496	$ 2,926	$ 6,677	$ 5,761
Cost of revenue	(1,494)	(1,364)	(2,887)	(2,639)
Gross profit	2,002	1,562	3,790	3,122
Research and development	(604)	(573)	(1,192)	(1,120)
Selling, general and administrative	(291)	(278)	(575)	(559)
Amortization of acquisition-related intangible assets	(31)	(25)	(63)	(52)
Total operating expenses	(926)	(876)	(1,830)	(1,731)
Other income (expense)	(5)	1	616	19
Operating income (loss)	1,071	687	2,576	1,410
Financial income (expense):
Other financial income (expense)	(97)	(86)	(193)	(178)
Income (loss) before income taxes	974	601	2,383	1,232
Benefit (provision) for income taxes	(189)	(116)	(461)	(246)
Results relating to equity-accounted investees	(3)	(28)	(7)	(32)
Net income (loss)	782	457	1,915	954
Less: Net income (loss) attributable to non-controlling interests	15	12	26	19
Net income (loss) attributable to stockholders	$ 767	$ 445	$ 1,889	$ 935
Earnings per share data:
Basic net income (loss) (in dollars per share)	$ 3.04	$ 1.76	$ 7.48	$ 3.69
Diluted net income (loss) (in dollars per share)	$ 3.02	$ 1.75	$ 7.44	$ 3.67
Weighted average number of shares of common stock outstanding during the period (in thousands):
Basic (in shares)	252,415	252,418	252,562	253,057
Diluted (in shares)	254,021	253,844	253,836	254,433

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions

6 Months Ended

Jun. 28, 2026

Jun. 29, 2025

Cash flows from operating activities:

Net income (loss)

$ 1,915

$ 954

Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:

Depreciation and amortization

363

416

Share-based compensation

214

244

Amortization of discount (premium) on debt, net

Amortization of debt issuance costs

Net (gain) loss on sale of assets

(627)

(28)

(Gain) loss on equity security, net

Results relating to equity-accounted investees

Deferred tax expense (benefit)

(41)

(24)

Changes in operating assets and liabilities:

(Increase) decrease in receivables and other current assets

(101)

(135)

(Increase) decrease in inventories

(84)

Increase (decrease) in accounts payable and other liabilities

(77)

Decrease (increase) in other non-current assets

(230)

Exchange differences

Other items

(7)

Net cash provided by (used for) operating activities

1,653

1,344

Cash flows from investing activities:

Purchase of identified intangible assets

(79)

(62)

Capital expenditures on property, plant and equipment

(148)

(222)

Purchase of interests in businesses, net of cash acquired

(679)

Proceeds from disposals of property, plant and equipment

Proceeds from sale of interests in businesses, net of cash divested

878

Purchase of investments

(381)

(146)

Proceeds from sale of investments

Net cash provided by (used for) investing activities

271

(1,108)

Cash flows from financing activities:

Repurchase of long-term debt

(1,251)

(500)

Proceeds from the issuance of long-term debt

370

Cash paid for debt issuance costs

(3)

Proceeds from issuance of commercial paper notes

2,211

Repayment of commercial paper notes

(1,461)

Dividends paid to non-controlling interests

(29)

Dividends paid to common stockholders

(512)

(515)

Proceeds from issuance of common stock through stock plans

Purchase of treasury shares and restricted stock unit withholdings

(206)

(507)

Other, net

(1)

Net cash provided by (used for) financing activities

(1,965)

(364)

Effect of changes in exchange rates on cash positions

(4)

Increase (decrease) in cash and cash equivalents

(45)

(122)

Cash and cash equivalents at beginning of period

3,267

3,292

Cash and cash equivalents at end of period

3,222

3,170

Net cash paid during the period for:

Interest

175

150

Income taxes, net of refunds

382

263

Cash proceeds from the sale of assets

878

Non-cash consideration

^[1]

Book value of these assets and transaction costs

(295)

(9)

Non-cash capital expenditures

$ 64

$ 103

[1]	Represents the fair value on the closing date of the earn-out receivable from the divestiture of our MEMS Sensors business

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 28, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 3,222	$ 3,267
Accounts receivable, net	1,274	1,055
Assets held for sale	92	372
Inventories, net	2,557	2,577
Other current assets	539	669
Total current assets	7,684	7,940
Non-current assets:
Deferred tax assets	1,242	1,213
Other non-current assets	3,195	2,584
Property, plant and equipment, net of accumulated depreciation of $6,553 and $6,366 respectively	2,835	2,977
Identified intangible assets, net of accumulated amortization of $812 and $820 respectively	1,441	1,547
Goodwill	10,268	10,299
Total non-current assets	18,981	18,620
Total assets	26,665	26,560
Current liabilities:
Accounts payable	984	997
Restructuring liabilities-current	111	189
Other current liabilities	1,672	1,445
Short-term debt	999	1,250
Total current liabilities	3,766	3,881
Non-current liabilities:
Long-term debt	9,977	10,972
Restructuring liabilities	65	81
Other non-current liabilities	1,096	1,175
Total non-current liabilities	11,138	12,228
Total liabilities	14,904	16,109
Equity:
Non-controlling interests	362	395
Stockholders’ equity:
Common stock, par value €0.20 per share:	56	56
Capital in excess of par value	15,638	15,424
Treasury shares, at cost:	(4,439)	(4,283)
Accumulated other comprehensive income (loss)	134	213
Accumulated deficit	10	(1,354)
Total stockholders’ equity	11,399	10,056
Total equity	11,761	10,451
Total liabilities and equity	$ 26,665	$ 26,560