NXP Semiconductors (NXPI) FY2023 results: revenue $13.3 billion, up 0.5% on the year
NXP Semiconductors N.V. (NXPI) reported revenue of $13.3 billion for fiscal 2023, the year ended 31 December 2023, up 0.5% on the year before. Net income was $2.8 billion, up 0.4%, and diluted earnings per share $10.70. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$13.3 billion
+0.5% on the year
FY2016FY2023
Operating margin
27.6%
28.8% a year earlier
FY2016FY2023
Net income
$2.8 billion
+0.4% on the year
FY2016FY2023
Diluted EPS
$10.70
+1.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,513
3,895
3,077
-9.8%
Capital expenditure
827
1,063
767
-22.2%
Free cash flow
2,686
2,832
2,310
-5.2%
Free cash flow margin
20.2%
21.4%
20.9%
Cash from investing
-1,508
-1,249
-934
Cash from financing
-1,990
-1,619
-1,585
Depreciation and amortisation
1,106
1,250
1,262
-11.5%
Share-based compensation
411
364
353
+12.9%
Buybacks
1,053
1,426
4,015
-26.2%
Dividends paid
1,006
815
562
+23.4%
Dividend per share
$4.06
$3.38
$2.25
+20.0%
Diluted shares, weighted
261m
264m
276m
-1.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
8,644
7,449
6,528
+16.0%
Non-controlling interest
316
291
242
+8.6%
Debt
11,250
11,250
10,650
0.0%
Operating lease liabilities
204
202
181
+1.0%
Other liabilities
3,939
4,044
3,263
-2.6%
Total liabilities and equity
24,353
23,236
20,864
+4.8%
Fixed assets
3,323
3,105
2,635
+7.0%
Goodwill
9,955
9,943
9,961
+0.1%
Intangible assets
922
1,311
1,694
-29.7%
Cash and equivalents
3,862
3,845
2,830
+0.4%
Receivables
894
960
923
-6.9%
Inventory
2,134
1,782
1,189
+19.8%
Other assets
3,263
2,290
1,632
+42.5%
Total assets
24,353
23,236
20,864
+4.8%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.