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.

Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

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NXP Semiconductors N.V., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income
Depreciation and amortization
Share-based compensation
Amortization of discount (premium) on debt, net
Amortization of debt issuance costs
Net gain on sale of assets
Loss on extinguishment of debt
Results relating to equity-accounted investees
(Gain) loss on equity securities, net
Deferred tax benefit
(Increase) decrease in receivables and other current assets
(Increase) decrease in inventories
Increase (decrease) in accounts payable and accrued liabilities
(Increase) decrease in other non-current assets
Changes in operating assets and liabilities
Exchange differences
Other items
Adjustments to reconcile net income to net cash provided by operating activities
Net cash provided by operating activities
Purchase of identified intangible assets
Capital expenditures on property, plant and equipment
Purchase of equipment leased to others
Insurance recoveries received for equipment damage
Proceeds from disposals of property, plant and equipment
Purchase of interests in businesses, net of cash acquired
Proceeds from sale of interests in businesses, net of cash divested
Purchase of investments
Proceeds from the sale of investments
Proceeds from return of equity investments
Other
Net cash (used for) provided by investing activities
Payment of cash convertible note
Proceeds from settlement of cash convertible note hedge
Payment of bond hedge derivatives, convertible option
Repayment of Bridge Loan
Proceeds from Bridge Loan
Repurchase of long-term debt
Principal payments on long-term debt
Proceeds from the issuance of long-term debt
Cash paid for debt issuance costs
Cash paid for terminated acquisition adjustment event
Dividends paid to non-controlling interests
Dividends paid to common stockholders
Proceeds from issuance of common stock through stock plans
Purchase of treasury shares and restricted stock unit withholdings
Cash paid on behalf of shareholders for tax on repurchased shares
Other, net
Net cash used for financing activities
Effect of changes in exchange rates on cash positions
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

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).


Net Income
Net income showed a sharp decline from 2017 (2,272 million US$) and 2018 (2,258 million US$) to 2019 (272 million US$) and 2020 (80 million US$), followed by a significant recovery in 2021 (1,906 million US$). This indicates a period of reduced profitability for two years, with pronounced improvement afterward.
Depreciation and Amortization
Depreciation and amortization remained relatively stable from 2017 through 2020, fluctuating between approximately 1,987 million and 2,173 million US$. However, in 2021, a notable decrease occurred, with the figure dropping to 1,262 million US$.
Share-Based Compensation
Share-based compensation increased steadily from 281 million US$ in 2017 to a peak of 384 million US$ in 2020, followed by a slight decline to 353 million US$ in 2021, indicating ongoing expenses related to equity compensation with some moderation in the most recent year.
Net Gain on Sale of Assets
This item showed a large negative figure in 2017 (-1,615 million US$), suggesting significant losses or impairments. Subsequently, values were closer to zero or modest losses, with -20 million US$ in 2019, -115 million US$ in 2020, and -1 million US$ in 2021, indicating less volatility or fewer asset disposals impacting income.
Deferred Tax Benefit
Deferred tax benefits reduced significantly over the years, from -797 million US$ in 2017 to -20 million US$ in 2021, indicating a decreasing contribution of deferred tax assets to net income reconciliation.
Working Capital Changes
Changes in operating assets and liabilities fluctuated over the years with a negative figure in 2017 (36 million US$), slightly negative in 2018 (-29 million US$) and 2019 (-173 million US$), a strong positive shift in 2020 (438 million US$), and a return to negative in 2021 (-437 million US$). Specific categories reveal volatility, such as inventories and receivables showing alternating increases and decreases.
Net Cash Provided by Operating Activities
This cash flow fluctuated considerably, rising from 2,447 million US$ in 2017 to a pinnacle of 4,369 million US$ in 2018, then decreasing in 2019 (2,373 million US$) and stabilizing in 2020 (2,482 million US$), followed by growth in 2021 to 3,077 million US$. This pattern suggests cyclical variations in operating cash generation.
Investing Activities
Net cash used for investing activities shifted markedly, showing a positive cash inflow of 2,072 million US$ in 2017 but substantial outflows in subsequent years: -522 million US$ in 2018, -2,284 million US$ in 2019, -418 million US$ in 2020, and -934 million US$ in 2021. The spike in 2019 outflow reflects a purchase of interests in businesses worth -1,698 million US$, indicating significant acquisitions during that year.
Capital Expenditures
Capital expenditures on property, plant, and equipment fluctuated, initially increasing from -552 million US$ in 2017 to -611 million US$ in 2018, dropping to -526 million US$ in 2019 and further to -392 million US$ in 2020, and then rising sharply to -767 million US$ in 2021. This indicates varying investment levels in fixed assets, with a strong uptick in the final year.
Financing Activities
Net cash used for financing activities was negative throughout, with a peak outflow of -4,597 million US$ in 2018, indicating heavy repayment or repurchases. The outflows decreased to -1,831 million US$ in 2019, -835 million US$ in 2020, but increased again to -1,585 million US$ in 2021. Repurchase of long-term debt remained substantial across years, while proceeds from issuance of long-term debt significantly increased in 2021 to 4,000 million US$, the highest in the period analyzed.
Cash and Cash Equivalents
Cash and cash equivalents at period end showed a downward trend in the initial years, from 3,547 million US$ in 2017 to 1,045 million US$ in 2019, followed by a recovery to 2,275 million US$ in 2020 and 2,830 million US$ in 2021, reflecting improved liquidity in latter years.
Summary
The financial data reveals a period of pronounced volatility, especially in profitability between 2017 and 2021, with a substantial decline in net income in 2019-2020 followed by strong recovery in 2021. Operating cash flows remained robust despite net income variability. Investments fluctuated, reflecting strategic acquisitions and capital expenditures. Financing activities show active debt management with significant repurchases and increased debt issuance in 2021. Overall liquidity improved toward the end of the period after a notable trough in 2019.