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NXP Semiconductors N.V. (NASDAQ:NXPI)

This company has been moved to the archive! The financial data has not been updated since July 26, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

NXP Semiconductors N.V., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Accounts payable 6.00 4.99 4.72 4.64 4.77
Restructuring liabilities, current 0.12 0.30 0.16 0.28 0.31
Accrued compensation and benefits 2.28 1.44 0.00 0.00 0.00
Income taxes payable 0.39 0.71 0.00 0.00 0.00
Dividend payable 0.71 0.53 0.00 0.00 0.00
Other 2.24 2.19 4.07 5.66 3.11
Other current liabilities 5.63% 4.87% 4.07% 5.66% 3.11%
Short-term debt 0.00 0.00 0.00 5.14 3.12
Current liabilities 11.75% 10.16% 8.95% 15.72% 11.30%
Long-term debt 50.67 38.34 36.80 29.02 24.18
Restructuring liabilities 0.06 0.07 0.00 0.02 0.06
Deferred tax liabilities 0.27 0.43 1.41 2.09 2.91
Other non-current liabilities 4.80 4.89 4.61 3.50 4.51
Non-current liabilities 55.80% 43.73% 42.82% 34.63% 31.66%
Total liabilities 67.55% 53.89% 51.76% 50.35% 42.97%
Preferred stock, par value €0.20 per share; none issued 0.00 0.00 0.00 0.00 0.00
Common stock, par value €0.20 per share 0.27 0.30 0.32 0.31 0.30
Capital in excess of par value 65.79 71.21 75.86 71.81 66.36
Treasury shares, at cost -9.26 -5.22 -15.17 -15.04 -1.42
Accumulated other comprehensive income 0.23 0.59 0.37 0.57 0.74
Accumulated deficit -25.74 -21.81 -14.21 -8.86 -9.73
Stockholders’ equity 31.29% 45.06% 47.17% 48.79% 56.25%
Non-controlling interests 1.16 1.04 1.07 0.86 0.79
Total equity 32.45% 46.11% 48.24% 49.65% 57.03%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).

A significant shift in the capital structure is observed between 2017 and 2021, characterized by a substantial increase in leverage and a corresponding decline in equity. Total liabilities grew from 42.97% of total liabilities and equity in 2017 to 67.55% by 2021. Conversely, total equity decreased from 57.03% to 32.45% over the same period, indicating a strategic pivot toward debt-financed operations or capital redistribution.

Long-Term Debt Trends
Long-term debt is the primary driver of the increase in total liabilities. This component rose steadily from 24.18% in 2017 to 50.67% in 2021. The acceleration in the latter years suggests a deliberate increase in long-term borrowing to fund corporate activities or restructure the balance sheet.
Current Liabilities Analysis
Current liabilities remained relatively stable as a percentage of the total balance sheet, fluctuating between 8.95% in 2019 and 15.72% in 2018, ending at 11.75% in 2021. Accounts payable showed a gradual upward trend, increasing from 4.77% to 6.00%, while short-term debt, which was present in 2017 and 2018, disappeared from the reported common-size figures in later years.
Equity Composition and Erosion
The decline in stockholders' equity is attributed to several factors. The accumulated deficit widened significantly, moving from -9.73% in 2017 to -25.74% in 2021. Additionally, the impact of treasury shares suggests active share repurchase programs, with the value peaking at -15.17% in 2019 before moderating to -9.26% in 2021. Capital in excess of par value remained the largest equity component but trended downward from a peak of 75.86% in 2019 to 65.79% in 2021.
Other Liability Components
Deferred tax liabilities exhibited a consistent downward trend, decreasing from 2.91% in 2017 to 0.27% in 2021. Other non-current liabilities remained largely stable, hovering around 4.5% to 4.8% for the majority of the period analyzed.

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