NXP Semiconductors (NXPI) FY2016 results: revenue $9.5 billion, up 55.7% on the year
NXP Semiconductors N.V. (NXPI) reported revenue of $9.5 billion for fiscal 2016, the year ended 31 December 2016, up 55.7% on the year before. Net income was $200 million, down 86.9%, and diluted earnings per share $0.58. The figures are the company's own, from the 20-F it filed with the SEC on 1 March 2019.
Revenue
$9.5 billion
+55.7% on the year
FY2009FY2016
Operating margin
-1.6%
33.0% a year earlier
FY2009FY2016
Net income
$200 million
-86.9% on the year
FY2009FY2016
Diluted EPS
$0.58
-90.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
9,498
6,101
5,647
+55.7%
Cost of revenue
5,429
3,314
3,007
+63.8%
Gross profit
4,069
2,787
2,640
+46.0%
Gross margin
42.8%
45.7%
46.8%
Research and development
1,560
890
763
+75.3%
Selling, general and administrative
1,141
922
686
+23.8%
Operating income
-150
2,015
1,049
Operating margin
-1.6%
33.0%
18.6%
Interest expense
408
227
158
+79.7%
Pre-tax income
-603
1,486
639
Income tax
-851
-104
40.0
Effective tax rate
n/a
-7.0%
6.3%
Net income
200
1,526
539
-86.9%
Net margin
2.1%
25.0%
9.5%
Diluted EPS
$0.58
$6.10
$2.17
-90.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
2,303
n/a
n/a
Capital expenditure
389
341
329
+14.1%
Free cash flow
1,914
n/a
n/a
Free cash flow margin
20.2%
n/a
n/a
Cash from investing
-627
n/a
n/a
Cash from financing
-1,392
n/a
n/a
Depreciation and amortisation
2,205
517
405
+326.5%
Share-based compensation
338
216
133
+56.5%
Buybacks
1,280
475
1,435
+169.5%
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
348m
250m
249m
+39.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
10,935
11,515
538
-5.0%
Non-controlling interest
221
288
263
-23.3%
Debt
8,766
8,656
3,936
+1.3%
Other liabilities
4,976
5,895
2,113
-15.6%
Total liabilities and equity
24,898
26,354
6,850
-5.5%
Fixed assets
2,352
2,922
1,123
-19.5%
Goodwill
8,843
9,228
2,121
-4.2%
Intangible assets
9,512
9,978
1,866
-4.7%
Cash and equivalents
1,894
1,614
1,185
+17.3%
Receivables
1,033
1,047
593
-1.3%
Inventory
1,113
1,879
755
-40.8%
Other assets
151
n/a
n/a
Total assets
24,898
26,354
6,850
-5.5%
20-F for the year ended 31 December 2016, filed 1 March 2019: the filing.