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

2a1d7dffcc1c5e25b1a10717f7937221f1d850a7bc3bb6bce252b99785ae3133

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

97faf7b72865dc8ddaae5cdf3119fb61b1d49a5374b4449c65872a92a2fdfa13

3c98fb7803fd7f9eef9771124eb4133819d305b1e70c9d4c5995815a51c45ef1

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

Revenue (USD, millions)

Cost of revenue (USD, millions)

Gross profit (USD, millions)

Research and development (USD, millions)

Selling, general and administrative (USD, millions)

Amortization of acquisition-related intangible assets (USD, millions)

Total operating expenses (USD, millions)

Other income (expense) (USD, millions)

Operating income (loss) (USD, millions)

Extinguishment of debt (USD, millions)

Other financial income (expense) (USD, millions)

Income (loss) before income taxes (USD, millions)

Benefit (provision) for income taxes (USD, millions)

Results relating to equity-accounted investees (USD, millions)

Net income (loss) (USD, millions)

Less: Net income (loss) attributable to non-controlling interests (USD, millions)

NXP Semiconductors NV (NXPI)

Financials