Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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NXP Semiconductors N.V., consolidated balance sheet: assets (quarterly data)

US$ in millions

		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
	Cash and cash equivalents
	Accounts receivables, net
	Inventories, net
	Other current assets
	Current assets
	Other non-current assets
	Property, plant and equipment, net of accumulated depreciation
	Identified intangible assets, net of accumulated amortization
	Goodwill
	Non-current assets
	Total assets

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 financial data presents a series of trends in liquidity, asset composition, and overall asset growth over the observed periods. Several notable patterns and shifts can be identified.

Cash and Cash Equivalents: The cash reserves experienced significant volatility. Initially, there was a sharp increase from 1,079 million USD in March 2020 to a peak of 3,566 million USD by September 2020. This was followed by a decline to approximately 1,842 million USD in April 2021, then a recovery trend with fluctuations reaching a high of 3,545 million USD by July 2022. This pattern suggests periods of heavy cash generation alternating with increased cash usage or investments.
Accounts Receivables, Net: This asset line exhibited moderate growth with some fluctuations. After a dip from 616 million USD in March 2020 to 481 million USD in June 2020, there's a general upward trend recovering and increasing to 996 million USD by July 2022. This suggests expanding sales on credit or increased credit terms over the timeline.
Inventories, Net: Inventories remained relatively stable in the early periods with a slight decline from 1,227 million USD to about 1,030 million USD by December 2020. Subsequently, a steady growth pattern occurred, rising to 1,462 million USD by July 2022. This indicates an accumulation of inventory, potentially in response to expected demand increases or supply chain considerations.
Other Current Assets: These assets fluctuated within a narrow range, starting at 327 million USD, dipping to a low of 219 million USD, and then rising to 356 million USD by April 2022 before a slight decrease. This variation points to minor adjustments in short-term assets aside from cash, receivables, and inventory.
Current Assets: Aggregated current assets followed the broader trends of the components, peaking at 5,604 million USD in September 2020, falling to 4,024 million USD in April 2021, and then showing an upward trend to 6,320 million USD in July 2022. The increase particularly in the later periods signals improved liquidity and turnover of short-term resources.
Other Non-Current Assets: These assets showed continuous and steady growth from 712 million USD in March 2020 to 1,848 million USD in July 2022, indicating increased investments in longer-term resources or other strategic assets.
Property, Plant and Equipment (Net): The net value of property, plant, and equipment displayed a gradual upward trajectory from 2,397 million USD to 2,914 million USD. This consistent increase reflects ongoing capital expenditure or asset acquisition, supporting operational capacity expansion.
Identified Intangible Assets (Net): There was a marked decline in intangible assets over the periods, from 3,218 million USD down to 1,527 million USD by July 2022. The decreasing balance suggests significant amortization or impairment, reducing the carrying amount of identifiable intangible assets.
Goodwill: Goodwill remained relatively stable, slightly decreasing from 9,935 million USD to 9,930 million USD over the period. The stability indicates little to no write-downs or impairment losses in goodwill.
Non-Current Assets: This category saw a slight overall increase, rising from 16,262 million USD to 16,219 million USD, with intermittent minor declines. The general steadiness indicates balanced investment and depreciation patterns.
Total Assets: Total assets fluctuated, initially rising from 19,511 million USD to a peak near 21,122 million USD, then decreasing before climbing again to a high of 22,539 million USD by July 2022. This overall upward movement signifies growth in asset base, reflecting capacity expansion and investment activities.

In summary, the data outline an organization that managed liquidity with considerable fluctuations while progressively increasing inventories and fixed assets. There is evidence of active asset management, including amortization of intangible assets, stable goodwill, and steady accumulation of property, plant, and equipment. The overall asset growth trend suggests an expanding operational footprint and possible market opportunities capitalized during the periods assessed.

Assets: Selected Items

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Current Assets: Selected Items