NXP Semiconductors (NXPI) FY2018 results: revenue $9.4 billion, up 1.6% on the year
NXP Semiconductors N.V. (NXPI) reported revenue of $9.4 billion for fiscal 2018, the year ended 31 December 2018, up 1.6% on the year before. Net income was $2.2 billion, down 0.3%, and diluted earnings per share $6.72. The figures are the company's own, from the 20-F it filed with the SEC on 1 March 2019.
Revenue
$9.4 billion
+1.6% on the year
FY2011FY2018
Operating margin
28.8%
22.7% a year earlier
FY2011FY2018
Net income
$2.2 billion
-0.3% on the year
FY2011FY2018
Diluted EPS
$6.72
+4.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
9,407
9,256
9,498
+1.6%
Cost of revenue
4,556
4,637
5,429
-1.7%
Gross profit
4,851
4,619
4,069
+5.0%
Gross margin
51.6%
49.9%
42.8%
Research and development
1,700
1,554
1,560
+9.4%
Selling, general and administrative
993
1,090
1,141
-8.9%
Operating income
2,710
2,102
-150
+28.9%
Operating margin
28.8%
22.7%
-1.6%
Interest expense
273
310
408
-11.9%
Pre-tax income
2,375
1,736
-603
+36.8%
Income tax
176
-483
-851
Effective tax rate
7.4%
-27.8%
n/a
Net income
2,208
2,215
200
-0.3%
Net margin
23.5%
23.9%
2.1%
Diluted EPS
$6.72
$6.41
$0.58
+4.8%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
4,369
2,447
2,303
+78.5%
Capital expenditure
611
552
389
+10.7%
Free cash flow
3,758
1,895
1,914
+98.3%
Free cash flow margin
39.9%
20.5%
20.2%
Cash from investing
-522
2,072
-627
Cash from financing
-4,597
-2,886
-1,392
Depreciation and amortisation
1,987
2,173
2,205
-8.6%
Share-based compensation
314
281
338
+11.7%
Buybacks
5,006
286
1,280
+1,650.3%
Dividends paid
74.0
0.0
0.0
Dividend per share
$0.50
$0.00
n/a
Diluted shares, weighted
329m
346m
348m
-5.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
10,505
13,527
10,935
-22.3%
Non-controlling interest
185
189
221
-2.1%
Debt
7,354
5,814
8,766
+26.5%
Other liabilities
3,486
4,519
4,976
-22.9%
Total liabilities and equity
21,530
24,049
24,898
-10.5%
Fixed assets
2,436
2,295
2,352
+6.1%
Goodwill
8,857
8,866
8,843
-0.1%
Intangible assets
9,183
9,335
9,512
-1.6%
Cash and equivalents
2,789
3,547
1,894
-21.4%
Receivables
792
879
1,033
-9.9%
Inventory
1,279
1,236
1,113
+3.5%
Other assets
n/a
n/a
151
Total assets
21,530
24,049
24,898
-10.5%
20-F for the year ended 31 December 2018, filed 1 March 2019: the filing.