Stock Analysis on Net
Stock Analysis on Net

NXP Semiconductors N.V. (NASDAQ:NXPI)

$22.49

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

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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
Restructuring liabilities, current
Accrued compensation and benefits
Income taxes payable
Dividend payable
Other
Other current liabilities
Short-term debt
Current liabilities
Long-term debt
Restructuring liabilities
Deferred tax liabilities
Other non-current liabilities
Non-current liabilities
Total liabilities
Preferred stock, par value €0.20 per share; none issued
Common stock, par value €0.20 per share
Capital in excess of par value
Treasury shares, at cost
Accumulated other comprehensive income
Accumulated deficit
Stockholders’ equity
Non-controlling interests
Total equity
Total liabilities and equity

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).

Accounts Payable
The proportion of accounts payable relative to total liabilities and equity remains relatively stable from 2017 to 2019, fluctuating slightly between 4.64% and 4.77%. From 2020 onward, there is a noticeable increase reaching 6% by 2021, indicating a growing reliance on short-term payables or an increase in supplier credit.
Restructuring Liabilities (Current and Overall)
Both current and total restructuring liabilities show a declining trend over the years. Current restructuring liabilities decreased from 0.31% in 2017 to 0.12% in 2021, with some variability in between. Total restructuring liabilities remain minimal throughout the period, suggesting that restructuring has a limited and decreasing impact on the company's financial obligations.
Accrued Compensation and Benefits
This category appears only from 2020 onwards, increasing from 1.44% to 2.28% of total liabilities and equity by 2021. This growth points to a rising accumulation of employee-related expenses owed at the balance sheet dates, possibly reflecting expanded workforce costs or deferred benefits.
Income Taxes and Dividends Payable
Income taxes payable decreased significantly from 0.71% in 2020 to 0.39% in 2021, while dividends payable increased slightly from 0.53% to 0.71% over the same period. The reduction in tax liabilities could be due to lower taxable income or improved tax payment timing. The increase in dividend payables indicates higher declared but unpaid dividends at year-end.
Other Current Liabilities and Other
The "Other current liabilities" category shows an upward trend from 3.11% in 2017 to 5.63% in 2021, with a peak in 2018 at 5.66%. The broader "Other" category mirrors this pattern but is only explicitly reported until 2021. This increase suggests a growing portion of miscellaneous current liabilities contributing to the overall financial structure.
Short-term Debt
Short-term debt rose from 3.12% in 2017 to 5.14% in 2018 and then disappears from the records post-2018, which might indicate reclassification or repayment. Its earlier increase could signify reliance on short-term borrowing during that period.
Current Liabilities
Current liabilities as a proportion of total liabilities and equity show a notable rise from 11.3% in 2017 to a peak of 15.72% in 2018, followed by a sharp decline to 8.95% in 2019. Subsequently, they gradually increase again to 11.75% by 2021, illustrating some volatility in short-term obligations.
Long-term Debt
Long-term debt steadily increases from 24.18% in 2017 to a significant 50.67% in 2021. This nearly doubling of long-term debt as a proportion of total liabilities and equity suggests a strategic shift towards long-duration financing or increased leverage over time.
Deferred Tax Liabilities
There is a consistent decrease in deferred tax liabilities from 2.91% in 2017 down to 0.27% in 2021. This decline may reflect changes in tax regulations, reduced temporary differences, or improved tax planning strategies.
Other Non-current Liabilities
Other non-current liabilities remain fairly stable around the 4.5% mark throughout the period, indicating consistent levels of miscellaneous long-term liabilities without significant variation.
Non-current Liabilities and Total Liabilities
Non-current liabilities rise substantially from 31.66% in 2017 to 55.8% in 2021. Correspondingly, total liabilities increase from 42.97% to 67.55%. This indicates a growing share of the company's financing coming from long-term obligations, reflecting either increased borrowing or deferred liabilities expanding relative to total equity.
Common Stock and Capital in Excess of Par Value
The common stock component remains quite stable, hovering near 0.3% throughout the years. Capital in excess of par value initially increases from 66.36% in 2017 to a peak of 75.86% in 2019 but then declines to 65.79% by 2021. This suggests initial equity injections or retained earnings boosts followed by some reduction, possibly attributable to share repurchases or distribution of dividends.
Treasury Shares
Treasury shares show a pronounced negative trend, deepening from -1.42% in 2017 to approximately -15% in 2018 and 2019 before slightly recovering to -9.26% by 2021. This pattern indicates significant share repurchases during 2018-2019, partially reversed or stabilized in subsequent years.
Accumulated Other Comprehensive Income and Accumulated Deficit
Accumulated other comprehensive income decreases steadily from 0.74% in 2017 to 0.23% in 2021, reflecting declining unrealized gains or losses on certain comprehensive income items. The accumulated deficit worsens over time, deepening from -9.73% in 2017 to -25.74% in 2021, indicating ongoing losses or dividend payouts exceeding earnings and retained profits.
Stockholders’ Equity and Total Equity
There is a marked decline in stockholders' equity from 56.25% in 2017 to 31.29% in 2021, with total equity showing a similar pattern. This trend is consistent with the expanding liabilities and increasing accumulated deficit, suggesting the company has experienced decreased net assets relative to its obligations and financing structure over the period.
Non-controlling Interests
Non-controlling interests show minor but steady growth, rising from 0.79% in 2017 to 1.16% in 2021, representing a small and gradually increasing share of equity attributable to minority ownership.
Overall Capital Structure Trends
The data reveals an increasing leverage position with total liabilities rising notably against equity which is declining over the years. The growth in long-term debt indicates a strategic shift towards more debt financing. Simultaneously, the increase in accumulated deficit and reduction in total equity denote potential challenges in profitability or capital retention, warranting attention to earnings performance and financial risk management.