NXP Semiconductors (NXPI) FY2015 results: revenue $6.1 billion, up 8.0% on the year
NXP Semiconductors N.V. (NXPI) reported revenue of $6.1 billion for fiscal 2015, the year ended 31 December 2015, up 8.0% on the year before. Net income was $1.5 billion, up 183.1%, and diluted earnings per share $6.10. The figures are the company's own, from the 20-F it filed with the SEC on 26 February 2016.
Revenue
$6.1 billion
+8.0% on the year
FY2009FY2015
Operating margin
33.0%
18.6% a year earlier
FY2009FY2015
Net income
$1.5 billion
+183.1% on the year
FY2009FY2015
Diluted EPS
$6.10
+181.1% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
6,101
5,647
4,815
+8.0%
Cost of revenue
3,314
3,007
2,638
+10.2%
Gross profit
2,787
2,640
2,177
+5.6%
Gross margin
45.7%
46.8%
45.2%
Research and development
890
763
639
+16.6%
Selling, general and administrative
922
686
664
+34.4%
Operating income
2,015
1,049
651
+92.1%
Operating margin
33.0%
18.6%
13.5%
Interest expense
227
158
214
+43.7%
Pre-tax income
1,486
639
377
+132.6%
Income tax
-104
40.0
20.0
Effective tax rate
-7.0%
6.3%
5.3%
Net income
1,526
539
348
+183.1%
Net margin
25.0%
9.5%
7.2%
Diluted EPS
$6.10
$2.17
$1.36
+181.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Capital expenditure
341
329
215
+3.6%
Depreciation and amortisation
517
405
514
+27.7%
Share-based compensation
216
133
88.0
+62.4%
Buybacks
475
1,435
405
-66.9%
Diluted shares, weighted
250m
249m
255m
+0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
11,515
538
1,301
+2,040.3%
Non-controlling interest
288
263
245
+9.5%
Debt
8,656
3,936
3,281
+119.9%
Other liabilities
5,895
2,113
1,622
+179.0%
Total liabilities and equity
26,354
6,850
6,449
+284.7%
Fixed assets
2,922
1,123
1,048
+160.2%
Goodwill
9,228
2,121
2,358
+335.1%
Intangible assets
9,978
1,866
755
+434.7%
Cash and equivalents
1,614
1,185
670
+36.2%
Receivables
1,047
593
542
+76.6%
Inventory
1,879
755
740
+148.9%
Other assets
n/a
n/a
336
Total assets
26,354
6,850
6,449
+284.7%
20-F for the year ended 31 December 2015, filed 26 February 2016: the filing.