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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
Quarterly Data

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

Microsoft Excel
Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020
Accounts payable 6.49 6.42 6.00 5.70 5.66 5.33 4.99 3.30 3.46 4.59
Restructuring liabilities, current 0.05 0.08 0.12 0.15 0.17 0.22 0.30 0.12 0.12 0.13
Other current liabilities 6.51 6.85 5.63 6.34 5.49 6.14 4.87 4.45 4.22 4.66
Short-term debt 0.00 0.00 0.00 4.99 0.00 0.00 0.00 8.28 6.41 0.00
Current liabilities 13.05% 13.34% 11.75% 17.18% 11.33% 11.68% 10.16% 16.15% 14.21% 9.38%
Long-term debt 49.51 49.59 50.67 42.95 46.51 39.25 38.34 36.01 38.01 37.75
Restructuring liabilities 0.05 0.07 0.06 0.06 0.06 0.07 0.07 0.07 0.00 0.00
Deferred tax liabilities 0.18 0.25 0.27 0.42 0.44 0.44 0.43 0.64 0.65 1.02
Other non-current liabilities 5.14 5.05 4.80 4.54 4.48 4.62 4.89 4.17 4.13 4.39
Non-current liabilities 54.89% 54.95% 55.80% 47.98% 51.48% 44.38% 43.73% 40.90% 42.79% 43.17%
Total liabilities 67.94% 68.29% 67.55% 65.16% 62.81% 56.06% 53.89% 57.04% 57.00% 52.55%
Common stock, par value €0.20 per share 0.25 0.26 0.27 0.29 0.29 0.30 0.30 0.30 0.30 0.33
Capital in excess of par value 61.69 64.81 65.79 71.92 69.40 73.35 71.21 72.50 72.32 78.09
Treasury shares, at cost -10.75 -11.41 -9.26 -20.13 -15.04 -9.82 -5.22 -15.52 -15.79 -17.14
Accumulated other comprehensive income (loss) -0.23 0.12 0.23 0.22 0.34 0.31 0.59 0.43 0.24 0.07
Accumulated deficit -20.06 -23.26 -25.74 -18.64 -18.90 -21.33 -21.81 -15.69 -14.98 -15.03
Stockholders’ equity 30.89% 30.53% 31.29% 33.67% 36.09% 42.82% 45.06% 42.02% 42.09% 46.31%
Non-controlling interests 1.17 1.18 1.16 1.17 1.10 1.12 1.04 0.93 0.92 1.14
Total equity 32.06% 31.71% 32.45% 34.84% 37.19% 43.94% 46.11% 42.96% 43.00% 47.45%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29).

The capital structure demonstrates a significant shift toward higher leverage over the analyzed period. Total liabilities as a percentage of total liabilities and equity increased from 52.55% in March 2020 to 67.94% by July 2022, reflecting a systemic increase in the company's reliance on debt financing relative to equity.

Liability Composition and Debt Trends
Long-term debt is the primary driver of the increase in total liabilities, rising from 37.75% in March 2020 to a peak of 50.67% in December 2021, before stabilizing at 49.51% in July 2022. This indicates a strategic move toward long-term borrowing to fund operations or investments.
Current liabilities exhibited volatility, ranging from a low of 9.38% in March 2020 to a peak of 17.18% in October 2021. While accounts payable showed a gradual upward trend from 4.59% to 6.49%, short-term debt appeared sporadically, suggesting tactical use of short-term credit facilities.
Non-current liabilities grew from 43.17% to 54.89%, largely mirroring the trajectory of long-term debt, while deferred tax liabilities steadily declined from 1.02% to 0.18%.
Equity Structure and Shareholders' Position
Total equity experienced a consistent decline, falling from 47.45% in March 2020 to 32.06% in July 2022. This contraction in the equity base corresponds inversely with the rise in total liabilities.
Capital in excess of par value decreased from 78.09% to 61.69%, indicating a reduction in the proportion of contributed capital relative to the total balance sheet.
The accumulated deficit remained a significant factor, fluctuating between -14.98% and a peak of -25.74% in December 2021, before moderating to -20.06% by July 2022.
Treasury shares showed high volatility, reaching as low as -20.13% in October 2021, which suggests active share repurchase activity throughout the period.

The overall financial trend indicates a transition toward a more leveraged balance sheet. The simultaneous increase in long-term debt and the decrease in total equity suggests a deliberate restructuring of the company's long-term funding strategy, characterized by a reduction in the equity cushion and an increased commitment to debt obligations.

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