Name: NXP Semiconductors N.V. (NASDAQ:NXPI) | Income Statement (Quarterly)
Creator: Stock Analysis on Net

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

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NXP Semiconductors N.V., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	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
Revenue	3,312)	3,136)	3,039)	2,861)	2,596)	2,567)	2,507)	2,267)	1,817)	2,021)
Cost of revenue	(1,430)	(1,359)	(1,332)	(1,278)	(1,174)	(1,212)	(1,219)	(1,177)	(957)	(1,024)
Gross profit	1,882)	1,777)	1,707)	1,583)	1,422)	1,355)	1,288)	1,090)	860)	997)
Research and development	(542)	(518)	(507)	(492)	(476)	(461)	(460)	(438)	(402)	(425)
Selling, general and administrative	(265)	(251)	(257)	(243)	(234)	(222)	(221)	(203)	(222)	(233)
Amortization of acquisition-related intangible assets	(134)	(135)	(136)	(137)	(139)	(180)	(148)	(418)	(380)	(381)
Operating expenses	(941)	(904)	(900)	(872)	(849)	(863)	(829)	(1,059)	(1,004)	(1,039)
Other income (expense)	2)	—)	—)	—)	—)	—)	4)	1)	(1)	110)
Operating income (loss)	943)	873)	807)	711)	573)	492)	463)	32)	(145)	68)
Extinguishment of debt	(18)	—)	(22)	—)	—)	—)	(60)	—)	—)	—)
Other financial income (expense)	(110)	(105)	(101)	(93)	(100)	(87)	(77)	(106)	(96)	(78)
Financial income (expense)	(128)	(105)	(123)	(93)	(100)	(87)	(137)	(106)	(96)	(78)
Income (loss) before income taxes	815)	768)	684)	618)	473)	405)	326)	(74)	(241)	(10)
(Provision) benefit for income taxes	(129)	(114)	(72)	(95)	(65)	(40)	(5)	57)	33)	(2)
Results relating to equity-accounted investees	(3)	12)	(2)	3)	(2)	(1)	(1)	(1)	(1)	(1)
Net income (loss)	683)	666)	610)	526)	406)	364)	320)	(18)	(209)	(13)
Net income attributable to non-controlling interests	(13)	(9)	(8)	(7)	(9)	(11)	(11)	(4)	(5)	(8)
Net income (loss) attributable to stockholders	670)	657)	602)	519)	397)	353)	309)	(22)	(214)	(21)

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 trajectory from March 2020 through July 2022 is characterized by a sustained recovery in revenue and a significant expansion in profitability. After an initial period of volatility in early 2020, there is a consistent upward trend in top-line growth and a marked improvement in operating margins.

Revenue and Gross Profitability: Revenue increased from 2,021 million US dollars in March 2020 to 3,312 million US dollars by July 2022. This growth is accompanied by a proportional rise in gross profit, which climbed from 997 million US dollars to 1,882 million US dollars over the same period. The gross margin percentage demonstrated steady improvement, indicating enhanced production efficiency or favorable pricing power.
Operating Expense Management: Research and development expenses rose incrementally from 425 million US dollars to 542 million US dollars, reflecting a consistent investment in innovation. Selling, general, and administrative expenses remained relatively stable, fluctuating within a narrow range between 203 million and 265 million US dollars. A critical shift occurred in the amortization of acquisition-related intangible assets, which dropped sharply from 418 million US dollars in September 2020 to 148 million US dollars in December 2020, subsequently stabilizing around 134 million US dollars. This reduction significantly lowered total operating expenses and contributed heavily to the acceleration of operating income.
Operating and Net Income Trends: Operating income underwent a substantial turnaround, moving from a loss of 145 million US dollars in June 2020 to a peak of 943 million US dollars in July 2022. This recovery is reflected in the net income attributable to stockholders, which transitioned from losses in the first three quarters of 2020 to consistent and growing profitability, reaching 670 million US dollars by the end of the observed period.
Financial Costs and Tax Provisions: Other financial income and expenses remained consistently negative, typically ranging between 77 million and 137 million US dollars per quarter. The tax profile shifted from receiving benefits in early 2020 to incurring substantial provisions as profitability increased, with the provision for income taxes reaching 129 million US dollars in July 2022.

Overall, the data indicates a strong operational recovery and scaling phase. The combination of rising revenues, controlled SG&A costs, and a significant reduction in amortization expenses has resulted in an aggressive expansion of both operating and net profit margins.

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NXP Semiconductors N.V. (NASDAQ:NXPI)

Income StatementQuarterly Data

Income Statement
Quarterly Data