NXP Semiconductors (NXPI) FY2013 results: revenue $4.8 billion, up 10.5% on the year
NXP Semiconductors N.V. (NXPI) reported revenue of $4.8 billion for fiscal 2013, the year ended 31 December 2013, up 10.5% on the year before. Net income was $348 million, and diluted earnings per share $1.36. The figures are the company's own, from the 20-F it filed with the SEC on 28 February 2014.
Revenue
$4.8 billion
+10.5% on the year
FY2009FY2013
Operating margin
13.5%
9.5% a year earlier
FY2009FY2013
Net income
$348 million
FY2009FY2013
Diluted EPS
$1.36
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
4,815
4,358
4,194
+10.5%
Cost of revenue
2,638
2,370
2,288
+11.3%
Gross profit
2,177
1,988
1,906
+9.5%
Gross margin
45.2%
45.6%
45.4%
Research and development
639
628
635
+1.8%
Selling, general and administrative
664
977
918
-32.0%
Operating income
651
412
357
+58.0%
Operating margin
13.5%
9.5%
8.5%
Interest expense
214
270
312
-20.7%
Pre-tax income
377
-25.0
100
Income tax
20.0
1.0
21.0
+1,900.0%
Effective tax rate
5.3%
n/a
21.0%
Net income
348
-115
390
Net margin
7.2%
-2.6%
9.3%
Diluted EPS
$1.36
-$0.46
$1.57
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Capital expenditure
215
251
221
-14.3%
Depreciation and amortisation
514
533
591
-3.6%
Share-based compensation
88.0
52.0
31.0
+69.2%
Buybacks
405
40.0
57.0
+912.5%
Diluted shares, weighted
255m
248m
249m
+2.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,301
1,049
1,145
+24.0%
Non-controlling interest
245
235
212
+4.3%
Short-term borrowings
n/a
307
52.0
Debt
3,281
3,185
3,747
+3.0%
Other liabilities
1,622
1,663
1,456
-2.5%
Total liabilities and equity
6,449
6,439
6,612
+0.2%
Fixed assets
1,048
1,070
1,063
-2.1%
Goodwill
2,358
2,277
2,231
+3.6%
Intangible assets
755
965
1,171
-21.8%
Cash and equivalents
670
617
743
+8.6%
Receivables
542
510
441
+6.3%
Inventory
740
715
618
+3.5%
Other assets
336
285
345
+17.9%
Total assets
6,449
6,439
6,612
+0.2%
20-F for the year ended 31 December 2013, filed 28 February 2014: the filing.