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.

NXP Semiconductors N.V., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income	1,906)	80)	272)	2,258)	2,272)
Depreciation and amortization	1,262)	1,988)	2,047)	1,987)	2,173)
Share-based compensation	353)	384)	346)	314)	281)
Amortization of discount (premium) on debt, net	1)	(1)	42)	42)	40)
Amortization of debt issuance costs	7)	9)	11)	10)	12)
Net gain on sale of assets	(1)	(115)	(20)	—)	(1,615)
Loss on extinguishment of debt	22)	60)	11)	26)	41)
Results relating to equity-accounted investees	2)	4)	(1)	(54)	(22)
(Gain) loss on equity securities, net	2)	(21)	—)	—)	—)
Deferred tax benefit	(20)	(349)	(175)	(211)	(797)
(Increase) decrease in receivables and other current assets	(176)	(51)	116)	187)	31)
(Increase) decrease in inventories	(159)	163)	128)	(65)	(120)
Increase (decrease) in accounts payable and accrued liabilities	248)	319)	(460)	(129)	225)
(Increase) decrease in other non-current assets	(350)	7)	43)	(22)	(100)
Changes in operating assets and liabilities	(437)	438)	(173)	(29)	36)
Exchange differences	(5)	16)	15)	14)	30)
Other items	(15)	(11)	(2)	12)	(4)
Adjustments to reconcile net income to net cash provided by operating activities	1,171)	2,402)	2,101)	2,111)	175)
Net cash provided by operating activities	3,077)	2,482)	2,373)	4,369)	2,447)
Purchase of identified intangible assets	(132)	(130)	(102)	(50)	(66)
Capital expenditures on property, plant and equipment	(767)	(392)	(526)	(611)	(552)
Purchase of equipment leased to others	(33)	—)	—)	—)	—)
Insurance recoveries received for equipment damage	10)	—)	—)	—)	—)
Proceeds from disposals of property, plant and equipment	1)	4)	23)	1)	2)
Purchase of interests in businesses, net of cash acquired	(23)	(34)	(1,698)	(18)	—)
Proceeds from sale of interests in businesses, net of cash divested	—)	161)	37)	159)	2,682)
Purchase of investments	(8)	(30)	(19)	(9)	—)
Proceeds from the sale of investments	8)	2)	1)	2)	—)
Proceeds from return of equity investments	10)	1)	—)	4)	—)
Other	—)	—)	—)	—)	6)
Net cash (used for) provided by investing activities	(934)	(418)	(2,284)	(522)	2,072)
Payment of cash convertible note	—)	—)	(1,150)	—)	—)
Proceeds from settlement of cash convertible note hedge	—)	—)	144)	—)	—)
Payment of bond hedge derivatives, convertible option	—)	—)	(145)	—)	—)
Repayment of Bridge Loan	—)	—)	—)	(1,000)	—)
Proceeds from Bridge Loan	—)	—)	—)	1,000)	—)
Repurchase of long-term debt	(1,021)	(1,809)	(600)	(1,273)	(2,728)
Principal payments on long-term debt	—)	—)	—)	(1)	(16)
Proceeds from the issuance of long-term debt	4,000)	2,000)	1,750)	1,997)	—)
Cash paid for debt issuance costs	(47)	(15)	(24)	(23)	—)
Cash paid for terminated acquisition adjustment event	—)	—)	—)	(60)	—)
Dividends paid to non-controlling interests	—)	(35)	—)	(54)	(89)
Dividends paid to common stockholders	(562)	(420)	(319)	(74)	—)
Proceeds from issuance of common stock through stock plans	62)	72)	84)	39)	233)
Purchase of treasury shares and restricted stock unit withholdings	(4,015)	(627)	(1,443)	(5,006)	(286)
Cash paid on behalf of shareholders for tax on repurchased shares	—)	—)	(128)	(142)	—)
Other, net	(2)	(1)	—)	—)	—)
Net cash used for financing activities	(1,585)	(835)	(1,831)	(4,597)	(2,886)
Effect of changes in exchange rates on cash positions	(3)	1)	(2)	(8)	20)
Increase (decrease) in cash and cash equivalents	555)	1,230)	(1,744)	(758)	1,653)
Cash and cash equivalents at beginning of period	2,275)	1,045)	2,789)	3,547)	1,894)
Cash and cash equivalents at end of period	2,830)	2,275)	1,045)	2,789)	3,547)

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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	NXP Semiconductors N.V. net cash provided by operating activities increased from 2019 to 2020 and from 2020 to 2021.
Net cash (used for) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	NXP Semiconductors N.V. net cash (used for) provided by investing activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Net cash used for financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	NXP Semiconductors N.V. net cash used for financing activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.

NXP Semiconductors N.V. (NASDAQ:NXPI)

Cash Flow Statement