Current Assets [USD, Millions]

Cash and Cash Equivalents [USD, Millions]

Accounts Receivable [USD, Millions]

Inventory [USD, Millions]

Non-Current Assets [USD, Millions]

PP&E [USD, Millions]

Goodwill [USD, Millions]

Intangible Assets [USD, Millions]

Current Liabilities [USD, Millions]

Accounts Payable [USD, Millions]

Short-term Debt [USD, Millions]

Accrued Expenses [USD, Millions]

Non-Current Liabilities [USD, Millions]

Long-term Debt [USD, Millions]

Deferred Tax Liabilities [USD, Millions]

Shareholders' Equity [USD, Millions]

Retained Earnings [USD, Millions]

Common Stock [USD, Millions]

Additional Paid-in Capital [USD, Millions]

aa59421c266a7fd440c554bcf8b341d2d83ab697189af26b097507c0ae9cd2e1

Adjustments for Non-Cash Items

Stock-Based Compensation

Changes in Working Capital

Capital Expenditures (CapEx)

Proceeds from / Repayments of Debt

Share Repurchases

Dividend Payments

Net Change in Cash

9255bffdab299cb629c22a21f3b059ba143172ce613241f78169bcf233507e13

Non-GAAP free cash flow (USD millions)

Net debt (USD millions)

765ee74ab72768eb8a6e92bb85060956c41d4f639def00c8a5de1d2ddfc8a443

China

APAC, excluding China

EMEA

Americas

- United States

- Germany

- Japan

- Singapore

- South Korea

- Mexico

- Netherlands

- Taiwan

- Other countries

Greater China and Asia Pacific

Total Revenue

f3132dcf716558b7d9a521cd98291e5e063e63bf150983a20fa062f0270b627a

Automotive

Industrial & IoT

Mobile

Communication Infrastructure & Other

Distributors

OEM/EMS

Other

c33aa04250a1451f3b27fb48a6bad38440d2584a2296335332e6d2b02bed449b

Total Revenue [USD, Millions]

Cost of Goods Sold (COGS) [USD, Millions]

Selling, General, and Administrative Expenses (SG&A) [USD, Millions]

Research and Development (R&D) [USD, Millions]

Depreciation and Amortization (D&A) [USD, Millions]

Interest Expense [USD, Millions]

Operating Income (EBIT) [USD, Millions]

Net Income [USD, Millions]

Earnings Per Share (EPS) - Basic [USD, Units]

Earnings Per Share (EPS) - Diluted [USD, Units]

ad0c0ec3caa1dce0b2a8559e6ce30b08fed01bd62e549a24cbad48aa3b6c860b

7666e3d96bafb56b069b50c0a99a61de10ea96cfbaf822905f91fb489730128f

773734b67bf940c6458e21fb2247653c637f8a7ccf0746d6b9ebf7f286e8193b

The significant drop in cash and cash equivalents for Q3 2024 was primarily driven by a combination of factors. **Operating activities** provided a healthy inflow; however, adjustments such as non-cash items and changes in working capital led to some reductions. More notably, **investing activities** resulted in a cash outflow due to capital expenditures and joint venture investments, and **financing activities** had a substantial impact with **$2,621 million** in outflows, including the full retirement of senior unsecured notes due in March 2024, share repurchases, and dividend payments.  **[0001413447-24-000089_nxpi-20240929.htm:25]** **[0001413447-24-000089_nxpi-20240929.htm:24]** 

Why did Cash and cash equivalents drop so significantly in Q3 2024?

The decline in **Total assets** in Q2 2024 was primarily driven by several factors. First, there was a significant **reduction in cash and cash equivalents** due to **capital returns to shareholders** (including **$260 million** in cash dividends and **$310 million** in share repurchases) as well as **net capital expenditures of $184 million** on property, plant, and equipment, which collectively reduced the cash balance.  **[0001413447-24-000074_s4nxp2q24exhibit991.htm:0]** **[NXPI_3394041_3]**  Additionally, there was a **decrease in liabilities** such as **accounts payable** (dropped from **$1,164 million** to **$929 million**), as well as a slight decline in **other current assets** (from **$565 million** to **$546 million**). Finally, **minor reductions in non-current assets**, including decreases in specific categories like identified intangible assets and property, plant, and equipment, also contributed to the overall decline.  **[0001413447-24-000072_nxpi-20240630.htm:4]** 

Why did Total assets decline in Q2 2024?

The nearly **halving** of NXPI’s short-term debt by Q2 2024 was driven by the company **fully retiring** its **$1 billion aggregate principal amount of outstanding 4.875% senior unsecured notes** that matured in March 2024, using available cash on its balance sheet.  **[0001413447-24-000072_nxpi-20240630.htm:4]** **[0001413447-24-000072_nxpi-20240630.htm:22]** 

What drove the near-halving of Short-term debt by Q2 2024?

The documents do not provide specific reasons for the decrease in **long-term debt** during Q2 2024. They only mention that the amount decreased from **$10,175 million** as of December 31, 2023, to **$9,681 million** as of June 30, 2024.  **[0001413447-24-000072_nxpi-20240630.htm:4]** 

Why did Long-term debt decrease in Q2 2024?

a7452b1162ef4facf24af00d6e081410d22e91bbc9bb9758fb6d8c1b61784388

Operating Cash Flow dropped in Q3 2024 compared to Q3 2023 primarily because **net income was lower** (**$729 million** vs. **$792 million**), there was a **much larger increase in receivables and other current assets** (**+$167 million** versus a **$40 million decrease**), a **smaller increase in accounts payable and other liabilities** (**+$118 million** compared to a **$128 million decrease**), and **higher share-based compensation** (**$115 million** vs. **$103 million**).  **[0001413447-24-000087_nxp3q24exhibit991.htm:10]** **[0001413447-24-000089_nxpi-20240929.htm:5]** **[0001413447-24-000089_nxpi-20240929.htm:31]** 

Why did Operating Cash Flow drop in Q3 2024?

NXP Semiconductors’ lower operating cash flow in **FY2023** was driven by several factors. There was a **slight decline in net income** from **$2,833 million** in FY2022 to **$2,822 million** in FY2023, which had a direct impact on operating cash flow. Additionally, **adjustments to reconcile net income** changed, including a reduction in non-cash items such as **depreciation and amortization** (from **$1,250 million** to **$1,106 million**) and an increase in **share‐based compensation** (from **$364 million** to **$411 million**). Finally, **changes in operating assets and liabilities** had a larger negative impact in FY2023, marked by a smaller increase in inventories (**$353 million** vs. **$593 million**), a higher increase in receivables and other current assets (**$138 million** compared to **$106 million**), and a shift in accounts payable and other liabilities (a **$119 million** decrease compared to a **$633 million** increase). These factors collectively contributed to the reduction in net cash provided by operating activities in FY2023.  **[0001413447-24-000013_nxpi-20231231.htm:69]** **[0001413447-24-000013_nxpi-20231231.htm:88]** 

What factors contributed to the lower FY operating cash flow in FY 2023?

The documents do not provide a definitive explanation regarding what drove the improvement in **Free Cash Flow** in **Q1 2024**. While they detail the **capital expenditures** in Q1 2023 and Q1 2024  **[0001413447-23-000020_nxpi-20230402.htm:3]** **[0001413447-24-000038_nxpi-20240331.htm:5]**  and note the decrease, no direct link or further commentary on the **Free Cash Flow** improvement is given.  **[0001413447-24-000040_nxp1q24exhibit991.htm:11]** **[0001413447-24-000038_nxpi-20240331.htm:5]** **[0001413447-24-000038_nxpi-20240331.htm:20]** 

What drove the improvement in Free Cash Flow in Q1 2024?

321a29444c9f1f9fc9f15e333e6f93dd008f77f16a1139b59b6a42472048482f

NXP Semiconductors NV (NXPI)

Financials