v3.6.0.2
Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of Earnings per Share (EPS)

The computation of earnings per share (EPS) is presented in the following table:

 

     2016      2015      2014  

Net income (loss)

     259        1,599        607  

Less: Net income (loss) attributable to non-controlling interests

     59        73        68  
  

 

 

    

 

 

    

 

 

 

Net income (loss) attributable to stockholders

     200        1,526        539  

Weighted average number of shares outstanding (after deduction of treasury shares) during the year (in thousands)

     338,477        239,764        237,954  

Plus incremental shares from assumed conversion of:

        

Options 1)

     5,582        6,194        6,753  

Restricted Share Units, Performance Share Units and Equity Rights 2)

     3,548        4,158        3,902  

Warrants 3)

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Dilutive potential common share

     9,130        10,352        10,655  

Adjusted weighted average number of shares outstanding (after deduction of treasury shares) during the year (in thousands) 1)

     347,607        250,116        248,609  

EPS attributable to stockholders in $:

        

Basic net income (loss)

     0.59        6.36        2.27  

Diluted net income (loss)

     0.58        6.10        2.17  

 

1) Stock options to purchase up to 1.4 million shares of NXP’s common stock that were outstanding in 2016 (2015: 0.7 million shares; 2014: 0.5 million shares) were anti-dilutive and were not included in the computation of diluted EPS because the exercise price was greater than the average fair market value of the common stock or the number of shares assumed to be repurchased using the proceeds of unrecognized compensation expense and exercise prices was greater than the weighted average number of shares underlying outstanding stock options.
2) Unvested RSU’s, PSU’s and equity rights of 0.9 million shares that were outstanding in 2016 (2015: 0.5 million shares; 2014: 1.2 million shares) were anti-dilutive and were not included in the computation of diluted EPS because the number of shares assumed to be repurchased using the proceeds of unrecognized compensation expense was greater than the weighted average number of outstanding unvested RSU’s, PSU’s and equity rights or the performance goal has not been met.
3) Warrants to purchase up to 11.2 million shares of NXP’s common stock at a price of $133.32 per share were outstanding in 2016 (2015: 11.2 million shares at a price of $133.32; 2014: nil). Upon exercise, the warrants will be net share settled. At the end of 2016 and 2015, the warrants were not included in the computation of diluted EPS because the warrants’ exercise price was greater than the average fair market value of the common shares.