Selected Financial Data
since 2010
Income Statement
NXP Semiconductors N.V., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Revenue | Operating income (loss) | Net income (loss) attributable to stockholders |
|---|---|---|---|
| Dec 31, 2021 | 11,063) | 2,583) | 1,871) |
| Dec 31, 2020 | 8,612) | 418) | 52) |
| Dec 31, 2019 | 8,877) | 641) | 243) |
| Dec 31, 2018 | 9,407) | 2,710) | 2,208) |
| Dec 31, 2017 | 9,256) | 2,102) | 2,215) |
| Dec 31, 2016 | 9,498) | (150) | 200) |
| Dec 31, 2015 | 6,101) | 2,015) | 1,526) |
| Dec 31, 2014 | 5,647) | 1,049) | 539) |
| Dec 31, 2013 | 4,815) | 651) | 348) |
| Dec 31, 2012 | 4,358) | 412) | (115) |
| Dec 31, 2011 | 4,194) | 357) | 390) |
| Dec 31, 2010 | 4,402) | 273) | (456) |
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), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
- Revenue
- The revenue demonstrates an overall upward trend from 2010 to 2021, increasing from approximately 4,402 million US dollars to 11,063 million US dollars. There is a steady growth visible with some variability; a significant jump is observed between 2015 and 2016, where revenue increased from 6,101 million to 9,498 million. Subsequent years show fluctuations but the general trend remains positive, culminating in the highest revenue recorded in 2021.
- Operating Income (Loss)
- Operating income shows considerable volatility throughout the period. Initial years reflect a gradual increase from 273 million in 2010 to a peak of 2,015 million in 2015. However, in 2016, there is a sharp decline resulting in an operating loss of 150 million. From 2017 onwards, operating income recovers substantially, peaking again at 2,710 million in 2018 before experiencing a decline in 2019 and 2020. The performance rebounds strongly in 2021, reaching 2,583 million. This indicates a capacity to recover from setbacks and a generally positive operating profitability trend in the latter years.
- Net Income (Loss) Attributable to Stockholders
- Net income attributable to stockholders exhibits a highly fluctuating pattern. Initial years reflect instability, with a net loss in 2010 and 2012 but gains in adjacent years. From 2013, net income generally rises, reaching substantial peaks in 2015, 2017, and 2018. A noteworthy decline occurs in 2019 and 2020, with values close to break-even or marginally positive. In 2021, net income shows strong resurgence, reaching 1,871 million. The pattern indicates sensitivity to operating income variability, with net profitability following operating performance albeit with more pronounced swings.
- Overall Analysis
- The financial data reveal a company experiencing significant growth in revenue accompanied by volatile but generally positive operating and net income performance over the period. While 2016 stands out as a year of operational difficulty, subsequent recovery is clearly demonstrated. The upward trajectory in revenue suggests expanding market presence or product demand, while the oscillations in profitability highlight periods of restructuring or fluctuating operational efficiency. The rebound in 2021 marks a strong recovery phase, indicative of effective management responses to previous downturns.
Balance Sheet: Assets
NXP Semiconductors N.V., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2021 | 5,228) | 20,864) |
| Dec 31, 2020 | 4,324) | 19,847) |
| Dec 31, 2019 | 3,267) | 20,016) |
| Dec 31, 2018 | 5,225) | 21,530) |
| Dec 31, 2017 | 6,044) | 24,049) |
| Dec 31, 2016 | 5,398) | 24,898) |
| Dec 31, 2015 | 4,812) | 26,354) |
| Dec 31, 2014 | 2,640) | 6,893) |
| Dec 31, 2013 | 2,092) | 6,449) |
| Dec 31, 2012 | 1,954) | 6,439) |
| Dec 31, 2011 | 1,966) | 6,612) |
| Dec 31, 2010 | 2,136) | 7,637) |
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), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
The analysis of the financial data over the years reveals several key trends in asset composition and scale.
- Current Assets
-
Current assets demonstrate a fluctuating but overall upward trend from 2,136 million US dollars in 2010 to 5,228 million US dollars in 2021. Notably, there was a significant increase between 2014 and 2016, where current assets nearly doubled from 2,640 million to 5,398 million. This growth suggests improved liquidity or increased short-term resources during that period. After peaking in 2017 at 6,044 million, current assets declined sharply in 2018 and 2019 to 5,225 million and 3,267 million respectively, before recovering again by 2021.
- Total Assets
-
Total assets exhibit substantial volatility with a pronounced jump from 6,893 million in 2014 to 26,354 million in 2015. This sudden surge might be attributable to a major acquisition, asset revaluation, or other significant corporate event. Subsequent years show a gradual decline in total assets, decreasing to 20,864 million by 2021. Despite the decline, total assets remain considerably higher than pre-2015 levels, indicating lasting expansion in the company’s asset base following the spike. The trend from 2015 onward reflects possible strategic realignment or divestitures reducing total asset size but maintaining a higher baseline than before 2015.
In summary, the company’s current assets have generally increased over the period analyzed, with notable cyclical fluctuations. Total assets experienced a dramatic increase in 2015, followed by a tapering phase with a stable yet reduced asset base compared to the peak. This pattern suggests significant corporate activities influencing the asset structure, which may impact liquidity and overall financial strategy.
Balance Sheet: Liabilities and Stockholders’ Equity
NXP Semiconductors N.V., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total liabilities | Total debt | Stockholders’ equity | |
|---|---|---|---|---|
| Dec 31, 2021 | 2,452) | 14,094) | 10,572) | 6,528) |
| Dec 31, 2020 | 2,017) | 10,696) | 7,609) | 8,944) |
| Dec 31, 2019 | 1,791) | 10,361) | 7,365) | 9,441) |
| Dec 31, 2018 | 3,385) | 10,840) | 7,354) | 10,505) |
| Dec 31, 2017 | 2,718) | 10,333) | 6,565) | 13,527) |
| Dec 31, 2016 | 2,433) | 13,742) | 9,187) | 10,935) |
| Dec 31, 2015 | 2,548) | 14,551) | 9,212) | 11,515) |
| Dec 31, 2014 | 1,320) | 6,092) | 3,999) | 538) |
| Dec 31, 2013 | 1,193) | 4,903) | 3,321) | 1,301) |
| Dec 31, 2012 | 1,496) | 5,155) | 3,492) | 1,049) |
| Dec 31, 2011 | 1,049) | 5,255) | 3,799) | 1,145) |
| Dec 31, 2010 | 1,748) | 6,418) | 4,551) | 986) |
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), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
- Current liabilities
- The current liabilities experienced fluctuations over the given period. Starting at 1,748 million USD in 2010, the amount decreased significantly to 1,049 million USD in 2011. The following years saw moderate variability, with values ranging between approximately 1,193 million USD and 3,385 million USD. Notably, there was a sharp increase in 2015 to 2,548 million USD, after which the figure remained relatively elevated through 2021, peaking again at 3,385 million USD in 2018 before declining slightly and ending at 2,452 million USD in 2021.
- Total liabilities
- Total liabilities displayed a somewhat irregular pattern. From 6,418 million USD in 2010, there was a decline until 2013 reaching 4,903 million USD. However, in 2015, liabilities surged dramatically to 14,551 million USD, more than doubling compared to the previous years. Despite a decrease to 10,333 million USD in 2017, the total liabilities remained at elevated levels exceeding 10,000 million USD through 2021, with a rise to 14,094 million USD recorded in 2021.
- Total debt
- Total debt mirrored the trend of total liabilities, beginning at 4,551 million USD in 2010 and decreasing steadily to 3,321 million USD by 2013. It then escalated sharply to 9,212 million USD in 2015, remaining at high levels subsequently. After decreasing to 6,565 million USD in 2017, it again increased, ending at 10,572 million USD in 2021. The debt level shows concentration in the mid-to-late period, indicating possible significant financing or borrowing activities during this time frame.
- Stockholders’ equity
- The stockholders’ equity displayed considerable volatility throughout the period. After a modest increase from 986 million USD in 2010 to 1,301 million USD in 2013, equity dramatically surged to 11,515 million USD in 2015. Subsequently, it remained elevated but fluctuated, peaking at 13,527 million USD in 2017 before declining steadily to 6,528 million USD by 2021. This pattern suggests substantial capital restructuring or changes in retained earnings, followed by a period of reduction in equity position in the later years.
Cash Flow Statement
NXP Semiconductors N.V., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by operating activities | Net cash (used for) provided by investing activities | Net cash used for financing activities |
|---|---|---|---|
| Dec 31, 2021 | 3,077) | (934) | (1,585) |
| Dec 31, 2020 | 2,482) | (418) | (835) |
| Dec 31, 2019 | 2,373) | (2,284) | (1,831) |
| Dec 31, 2018 | 4,369) | (522) | (4,597) |
| Dec 31, 2017 | 2,447) | 2,072) | (2,886) |
| Dec 31, 2016 | 2,303) | (627) | (1,392) |
| Dec 31, 2015 | 1,330) | (430) | (449) |
| Dec 31, 2014 | 1,468) | (387) | (554) |
| Dec 31, 2013 | 891) | (240) | (598) |
| Dec 31, 2012 | 722) | (243) | (574) |
| Dec 31, 2011 | 175) | (202) | (926) |
| Dec 31, 2010 | 359) | (269) | (155) |
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), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
The financial data reveals several notable trends in the company's cash flow activities over the period from 2010 to 2021.
- Operating Activities
- Net cash provided by operating activities shows overall growth with some fluctuation. Starting at 359 million USD in 2010, it decreased to 175 million USD in 2011 but subsequently increased generally year-over-year, peaking at 4369 million USD in 2018. Following this peak, net cash from operations declined in 2019 to 2373 million USD, then showed a gradual recovery through 2021, reaching 3077 million USD. This pattern indicates improving operational efficiency and cash generation capability over the long term, despite some variability.
- Investing Activities
- Net cash flow from investing activities consistently reflects cash outflows, with some exceptions. From 2010 through 2017, there are steady negative values indicating investments or asset purchases, with cash used ranging from 202 million USD to 627 million USD annually. However, in 2017, there is an exceptional positive inflow of 2072 million USD, possibly associated with asset sales or divestitures. After this anomaly, the pattern returns to negative cash flows, with especially large outflows in 2019 (-2284 million USD) and 2021 (-934 million USD), suggesting increased investment activity or acquisitions in those years.
- Financing Activities
- Cash flows from financing activities predominantly show cash outflows throughout the period. The company experienced relatively moderate outflows in the early years (155 million USD in 2010 to 926 million USD in 2011). Subsequently, outflows increased substantially, peaking in 2018 at -4597 million USD. This peak indicates significant debt repayment, share repurchases, dividends, or other financing uses. Following 2018, financing outflows moderated but remained significant, with values around -800 to -1600 million USD by 2021.
- Overall Cash Flow Trends
- The combination of these cash flows suggests strategic financial management over the period. The strong growth in operating cash flow supports the company’s investment and financing activities. The positive investing activity in 2017 stands out as a rare inflow in an otherwise negative trend and might reflect a noteworthy event. The sizable financing outflows in later years suggest active capital structure management, possibly involving debt reduction or shareholder returns. The overall cash flow profile indicates a mature company investing for growth while maintaining healthy cash generation.
Per Share Data
NXP Semiconductors N.V., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2021 | 6.91 | 6.79 | 2.25 |
| Dec 31, 2020 | 0.19 | 0.18 | 1.50 |
| Dec 31, 2019 | 0.86 | 0.85 | 1.25 |
| Dec 31, 2018 | 6.78 | 6.72 | 0.50 |
| Dec 31, 2017 | 6.54 | 6.41 | 0.00 |
| Dec 31, 2016 | 0.59 | 0.58 | 0.00 |
| Dec 31, 2015 | 6.36 | 6.10 | 0.00 |
| Dec 31, 2014 | 2.27 | 2.17 | 0.00 |
| Dec 31, 2013 | 1.40 | 1.36 | 0.00 |
| Dec 31, 2012 | -0.46 | -0.46 | 0.00 |
| Dec 31, 2011 | 1.57 | 1.57 | 0.00 |
| Dec 31, 2010 | -1.99 | -1.99 | 0.00 |
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), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
The analysis of the financial data over the years reveals several important trends in earnings and dividend performance.
- Earnings per Share (EPS)
- Both basic and diluted earnings per share exhibit significant volatility throughout the period. Initial years show negative or modest earnings, with a notable shift from a negative EPS of approximately -1.99 US$ in 2010 to positive values by 2011 and beyond. Peaks in basic EPS are observed in 2015 (6.36 US$) and 2017 (6.54 US$), followed by a decline in 2019 and 2020, reaching lows near 0.19 US$ in 2020. However, 2021 shows a strong recovery with basic EPS rising again to 6.91 US$. Diluted EPS follows a similar pattern with slight differences in magnitude but closely tracking the basic EPS trends.
- Dividend per Share
- Dividend payments were absent in the earlier years presented and only begin to appear from 2018 onwards. Dividends show a consistent upward trend once initiated, increasing from 0.5 US$ in 2018 to 2.25 US$ by 2021. This growth suggests a shift towards returning value to shareholders and confidence in the company’s earnings prospects in the later years.
In summary, earnings displayed considerable fluctuation with periods of both losses and strong gains, reflecting potentially complex operational and market conditions. The emergence and steady increase of dividends in recent years underscores an improving profitability and a strategic move to enhance shareholder returns. The alignment between basic and diluted EPS suggests limited dilution impact on shareholder value throughout the reported periods.