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

Cash Flow Statement
Quarterly Data

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 (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
Net income (loss)	683)	666)	610)	526)	406)	364)	320)	(18)	(209)	(13)
Depreciation and amortization	317)	310)	310)	306)	305)	341)	316)	589)	543)	540)
Share-based compensation	89)	89)	88)	81)	93)	91)	89)	83)	105)	107)
Amortization of discount (premium) on debt, net	—)	1)	—)	—)	1)	—)	—)	—)	(1)	—)
Amortization of debt issuance costs	1)	2)	2)	2)	1)	2)	2)	3)	3)	1)
Net gain on sale of assets	—)	(1)	(1)	—)	—)	—)	(4)	(1)	—)	(110)
(Gain) loss on equity security, net	8)	(4)	4)	(4)	5)	(3)	(21)	—)	—)	—)
Loss on extinguishment of debt	18)	—)	22)	—)	—)	—)	60)	—)	—)	—)
Results relating to equity-accounted investees	3)	(12)	2)	(3)	2)	1)	1)	1)	1)	1)
Deferred tax expense (benefit)	(65)	(33)	(26)	(6)	—)	12)	(75)	(118)	(81)	(75)
(Increase) decrease in receivables and other current assets	(50)	(61)	38)	16)	(135)	(95)	(50)	(252)	224)	27)
(Increase) decrease in inventories	(151)	(122)	(16)	(57)	(60)	(26)	34)	164)	—)	(35)
Increase (decrease) in accounts payable and accrued liabilities	4)	266)	6)	118)	73)	51)	333)	82)	(160)	64)
(Increase) decrease in other non-current assets	(41)	(247)	(244)	(46)	(52)	(8)	23)	(9)	(11)	4)
Changes in operating assets and liabilities	(238)	(164)	(216)	31)	(174)	(78)	340)	(15)	53)	60)
Exchange differences	(3)	—)	(2)	(3)	1)	(1)	10)	5)	5)	(4)
Other items	6)	2)	(8)	(6)	(4)	3)	(9)	(2)	(5)	5)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	136)	190)	175)	398)	230)	368)	709)	545)	623)	525)
Net cash provided by operating activities	819)	856)	785)	924)	636)	732)	1,029)	527)	414)	512)
Purchase of identified intangible assets	(29)	(43)	(33)	(27)	(35)	(37)	(35)	(22)	(28)	(45)
Capital expenditures on property, plant and equipment	(268)	(280)	(266)	(201)	(150)	(150)	(104)	(70)	(75)	(143)
Purchase of equipment leased to others	—)	(5)	(19)	(14)	—)	—)	—)	—)	—)	—)
Insurance recoveries received for equipment damage	—)	—)	3)	7)	—)	—)	—)	—)	—)	—)
Proceeds from disposals of property, plant and equipment	—)	1)	—)	1)	—)	—)	1)	2)	1)	—)
Purchase of interests in businesses, net of cash acquired	(1)	(4)	(6)	(16)	(1)	—)	(13)	—)	(11)	(10)
Proceeds from sale of interests in businesses, net of cash divested	—)	—)	—)	—)	—)	—)	—)	—)	—)	161)
Purchase of investments	(2)	—)	(2)	—)	(4)	(2)	(15)	(15)	—)	—)
Proceeds from the sale of investments	12)	—)	—)	—)	—)	8)	2)	—)	—)	—)
Proceeds from return of equity investment	—)	2)	7)	2)	1)	—)	1)	—)	—)	—)
Net cash used for investing activities	(288)	(329)	(316)	(248)	(189)	(181)	(163)	(105)	(113)	(37)
Repurchase of long-term debt	(917)	—)	(1,021)	—)	—)	—)	(1,809)	—)	—)	—)
Proceeds from the issuance of long-term debt	1,496)	—)	2,000)	—)	2,000)	—)	—)	—)	2,000)	—)
Cash paid for debt issuance costs	(12)	(1)	(25)	—)	(22)	—)	—)	—)	(15)	—)
Dividends paid to non-controlling interests	—)	—)	—)	—)	—)	—)	(1)	(34)	—)	—)
Dividends paid to common stockholders	(222)	(149)	(150)	(152)	(155)	(105)	(105)	(105)	(105)	(105)
Proceeds from issuance of common stock through stock plans	—)	28)	2)	29)	—)	31)	8)	27)	8)	29)
Purchase of treasury shares and restricted stock unit withholdings	(2)	(552)	(750)	(1,157)	(1,203)	(905)	(257)	(12)	(3)	(355)
Other, net	(1)	—)	(1)	—)	(1)	—)	(1)	—)	—)	—)
Net cash provided by (used for) financing activities	342)	(674)	55)	(1,280)	619)	(979)	(2,165)	(124)	1,885)	(431)
Effect of changes in exchange rates on cash positions	(11)	—)	3)	(3)	2)	(5)	8)	2)	1)	(10)
Increase (decrease) in cash and cash equivalents	862)	(147)	527)	(607)	1,068)	(433)	(1,291)	300)	2,187)	34)

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 reveals a strong recovery in profitability and operational efficiency over the analyzed period. Net income shifted from negative territory in the first half of 2020 to a consistent upward trajectory, growing from 320 million USD in December 2020 to 683 million USD by July 2022. This growth in net income is mirrored by robust operational cash generation, which provides the primary liquidity for the company's investing and financing activities.

Operating Cash Flow Dynamics: Net cash provided by operating activities remained strong, peaking at 1,029 million USD in December 2020. While profitability increased, the cash flow from operations was influenced by fluctuations in working capital. A notable trend is observed in inventory management, where outflows accelerated in the first half of 2022, reaching 151 million USD by July 2022, suggesting a strategic buildup of stock. Similarly, receivables and other current assets showed volatility, often acting as a drag on cash flow during periods of rapid growth.
Investing Activities and Capital Expenditure: Investing activities consistently resulted in net cash outflows, driven by a steady increase in capital expenditures for property, plant, and equipment. Spending rose from 143 million USD in March 2020 to 268 million USD in July 2022, indicating a sustained commitment to expanding production capacity and infrastructure. The acquisition of identified intangible assets remained a constant expenditure, typically ranging between 20 million and 45 million USD per quarter.
Financing and Capital Allocation: Financing activities were characterized by aggressive shareholder returns and active debt portfolio management. Share repurchases were particularly intensive during 2021, with quarterly expenditures frequently exceeding 1 billion USD. Dividend payments to common stockholders also trended upward, increasing from 105 million USD per quarter in 2020 to 222 million USD by July 2022. Debt management involved a cycle of issuance and repurchase; for instance, 2,000 million USD in long-term debt was issued in June 2020, followed by a 1,809 million USD repurchase in December 2020, reflecting a strategy of optimizing debt maturity and cost.

Overall, the cash flow profile indicates a company in a growth phase, utilizing strong operational cash flows to fund both significant capital expansions and substantial returns to shareholders through buybacks and dividends.

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NXP Semiconductors N.V. (NASDAQ:NXPI)

Cash Flow StatementQuarterly Data

Cash Flow Statement
Quarterly Data