NXP Semiconductors (NXPI) FY2017 results: revenue $9.3 billion, down 2.5% on the year
NXP Semiconductors N.V. (NXPI) reported revenue of $9.3 billion for fiscal 2017, the year ended 31 December 2017, down 2.5% on the year before. Net income was $2.2 billion, up 1007.5%, and diluted earnings per share $6.41. The figures are the company's own, from the 20-F it filed with the SEC on 1 March 2019.
Revenue
$9.3 billion
-2.5% on the year
FY2010FY2017
Operating margin
22.7%
-1.6% a year earlier
FY2010FY2017
Net income
$2.2 billion
+1,007.5% on the year
FY2010FY2017
Diluted EPS
$6.41
+1,005.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
9,256
9,498
6,101
-2.5%
Cost of revenue
4,637
5,429
3,314
-14.6%
Gross profit
4,619
4,069
2,787
+13.5%
Gross margin
49.9%
42.8%
45.7%
Research and development
1,554
1,560
890
-0.4%
Selling, general and administrative
1,090
1,141
922
-4.5%
Operating income
2,102
-150
2,015
Operating margin
22.7%
-1.6%
33.0%
Interest expense
310
408
227
-24.0%
Pre-tax income
1,736
-603
1,486
Income tax
-483
-851
-104
Effective tax rate
-27.8%
n/a
-7.0%
Net income
2,215
200
1,526
+1,007.5%
Net margin
23.9%
2.1%
25.0%
Diluted EPS
$6.41
$0.58
$6.10
+1,005.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,447
2,303
n/a
+6.3%
Capital expenditure
552
389
341
+41.9%
Free cash flow
1,895
1,914
n/a
-1.0%
Free cash flow margin
20.5%
20.2%
n/a
Cash from investing
2,072
-627
n/a
Cash from financing
-2,886
-1,392
n/a
Depreciation and amortisation
2,173
2,205
517
-1.5%
Share-based compensation
281
338
216
-16.9%
Buybacks
286
1,280
475
-77.7%
Dividends paid
0.0
0.0
n/a
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
346m
348m
250m
-0.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
13,527
10,935
11,515
+23.7%
Non-controlling interest
189
221
288
-14.5%
Debt
5,814
8,766
8,656
-33.7%
Other liabilities
4,519
4,976
5,895
-9.2%
Total liabilities and equity
24,049
24,898
26,354
-3.4%
Fixed assets
2,295
2,352
2,922
-2.4%
Goodwill
8,866
8,843
9,228
+0.3%
Intangible assets
9,335
9,512
9,978
-1.9%
Cash and equivalents
3,547
1,894
1,614
+87.3%
Receivables
879
1,033
1,047
-14.9%
Inventory
1,236
1,113
1,879
+11.1%
Other assets
n/a
151
n/a
Total assets
24,049
24,898
26,354
-3.4%
20-F for the year ended 31 December 2017, filed 1 March 2019: the filing.