NXP Semiconductors (NXPI) FY2020 results: revenue $8.6 billion, down 3.0% on the year
NXP Semiconductors N.V. (NXPI) reported revenue of $8.6 billion for fiscal 2020, the year ended 31 December 2020, down 3.0% on the year before. Net income was $52 million, down 78.6%, and diluted earnings per share $0.18. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$8.6 billion
-3.0% on the year
FY2013FY2020
Operating margin
4.9%
7.2% a year earlier
FY2013FY2020
Net income
$52 million
-78.6% on the year
FY2013FY2020
Diluted EPS
$0.18
-78.8% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
8,612
8,877
9,407
-3.0%
Cost of revenue
4,377
4,259
4,556
+2.8%
Gross profit
4,235
4,618
4,851
-8.3%
Gross margin
49.2%
52.0%
51.6%
Research and development
1,725
1,643
1,700
+5.0%
Selling, general and administrative
879
924
993
-4.9%
Operating income
418
641
2,710
-34.8%
Operating margin
4.9%
7.2%
28.8%
Interest expense
362
370
273
-2.2%
Pre-tax income
1.0
291
2,375
-99.7%
Income tax
-83.0
20.0
176
Effective tax rate
-8300.0%
6.9%
7.4%
Net income
52.0
243
2,208
-78.6%
Net margin
0.6%
2.7%
23.5%
Diluted EPS
$0.18
$0.85
$6.72
-78.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,482
2,373
4,369
+4.6%
Capital expenditure
392
526
611
-25.5%
Free cash flow
2,090
1,847
3,758
+13.2%
Free cash flow margin
24.3%
20.8%
39.9%
Cash from investing
-418
-2,284
-522
Cash from financing
-835
-1,831
-4,597
Depreciation and amortisation
1,988
2,047
1,987
-2.9%
Share-based compensation
384
346
314
+11.0%
Buybacks
627
1,443
5,006
-56.5%
Dividends paid
420
319
74.0
+31.7%
Dividend per share
$1.50
$1.25
$0.50
+20.0%
Diluted shares, weighted
284m
286m
329m
-0.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
8,944
9,441
10,505
-5.3%
Non-controlling interest
207
214
185
-3.3%
Debt
7,650
7,400
7,354
+3.4%
Operating lease liabilities
177
176
n/a
+0.6%
Finance lease liabilities
n/a
23.0
n/a
Other liabilities
2,869
2,762
3,486
+3.9%
Total liabilities and equity
19,847
20,016
21,530
-0.8%
Fixed assets
2,284
2,448
2,436
-6.7%
Goodwill
9,984
9,949
8,857
+0.4%
Intangible assets
2,242
3,620
9,183
-38.1%
Cash and equivalents
2,275
1,045
2,789
+117.7%
Receivables
765
667
792
+14.7%
Inventory
1,030
1,192
1,279
-13.6%
Other assets
1,267
1,095
n/a
+15.7%
Total assets
19,847
20,016
21,530
-0.8%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.