v3.10.0.1
Supplemental Financial Information
12 Months Ended
Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Supplemental Financial Information

4 Supplemental Financial Information

Statement of Operations Information

Disaggregation of revenue

The following table presents revenue disaggregated by sales channel:

 

 

 

2018

 

 

20171)

 

 

20161)

 

Distributors

 

 

4,865

 

 

 

4,734

 

 

 

4,644

 

Original Equipment Manufacturers and Electronic Manufacturing

   Services

 

 

4,157

 

 

 

4,129

 

 

 

4,662

 

Other 2)

 

 

385

 

 

 

393

 

 

 

192

 

Total

 

 

9,407

 

 

 

9,256

 

 

 

9,498

 

 

1)

As noted above, prior period amounts have not been adjusted for the impact of adopting ASC 606 under the modified retrospective method.

2)

Represents revenues in Corporate and Other for other services.

Depreciation, amortization and impairment

Depreciation and amortization, including impairment charges, are as follows:

 

 

 

2018

 

 

2017

 

 

2016

 

Depreciation of property, plant and equipment

 

 

478

 

 

 

611

 

 

 

609

 

Amortization of internal use software

 

 

8

 

 

 

21

 

 

 

24

 

Amortization of other identified intangible assets (*)

 

 

1,501

 

 

 

1,541

 

 

 

1,572

 

 

 

 

1,987

 

 

 

2,173

 

 

 

2,205

 

 

(*)

For the period ending December 31, 2017, the amount includes IPR&D impairment charges of $23 million, of which $16 million related to assets acquired from Freescale. For the period ending December 31, 2016, the amount included impairment charges relative to IPR&D acquired as part of the acquisition of Freescale of $89 million.

Depreciation of property, plant and equipment is primarily included in cost of revenue.

Other income (expense)

 

 

 

2018

 

 

2017

 

 

2016

 

Result on disposal of businesses

 

 

39

 

 

 

1,572

 

 

 

8

 

Result on disposal of properties

 

 

1

 

 

 

1

 

 

 

1

 

Other income (expense)

 

 

1,961

 

 

 

2

 

 

-

 

 

 

 

2,001

 

 

 

1,575

 

 

 

9

 

 

Financial income (expense)

 

 

 

2018

 

 

2017

 

 

2016

 

Interest income

 

 

48

 

 

 

27

 

 

 

11

 

Interest expense

 

 

(273

)

 

 

(310

)

 

 

(408

)

Total interest expense, net

 

 

(225

)

 

 

(283

)

 

 

(397

)

Net gain (loss) on extinguishment of debt

 

 

(26

)

 

 

(41

)

 

 

(32

)

Foreign exchange rate results

 

 

(14

)

 

 

(30

)

 

 

(15

)

Miscellaneous financing costs/income, net (*)

 

 

(70

)

 

 

(12

)

 

 

(9

)

Total other financial income (expense)

 

 

(110

)

 

 

(83

)

 

 

(56

)

Total

 

 

(335

)

 

 

(366

)

 

 

(453

)

 

(*)

For the period ending December 31, 2018, the amount includes one-time charges ($60 million) on certain financial instruments for compensation related to an adjustment event required by the termination of the Qualcomm Purchase Agreement.

Equity-accounted investees

Results related to equity-accounted investees at the end of each period were as follows:

 

 

 

2018

 

 

2017

 

 

2016

 

Company’s share in income (loss)

 

 

7

 

 

 

17

 

 

 

11

 

Other results

 

 

52

 

 

 

36

 

 

-

 

 

 

 

59

 

 

 

53

 

 

 

11

 

 

The total carrying value of investments in equity-accounted investees is summarized as follows:

 

 

 

2018

 

 

2017

 

 

 

Shareholding %

 

 

Amount

 

 

Shareholding %

 

 

Amount

 

ASEN

 

-

 

 

-

 

 

 

40

 

 

 

66

 

WeEn

 

 

-

 

 

 

-

 

 

 

49

 

 

 

65

 

Others

 

 

 

 

 

 

13

 

 

 

 

 

 

 

15

 

 

 

 

 

 

 

 

13

 

 

 

 

 

 

 

146

 

 

Investments in equity-accounted investees are included in Corporate and Other.

In July 2018, we completed the sale of our 40% equity interest in Suzhou ASEN Semiconductors Co., Ltd., receiving $127 million in cash proceeds.

In June 2018, we completed the sale of 24% of our equity interest in WeEn, receiving $32 million in cash proceeds. At December 31, 2018, due to the intended sale of the remaining interest in WeEn, NXP transferred the remaining holding to other current assets.

On April 19, 2017, we sold our shares in Advanced Semiconductor Manufacturing Corporation Ltd. (ASMC), representing a 27.47 percent ownership, for a total consideration of $54 million. The gain on the sale of $31 million is included in the Statement of Operations in the line item “Results relating to equity-accounted investees”.

Balance Sheet Information

Cash and cash equivalents

At December 31, 2018 and December 31, 2017, our cash balance was $2,789 million and $3,547 million, respectively, of which $140 million and $250 million was held by SSMC, our consolidated joint venture company with TSMC. Under the terms of our joint venture agreement with TSMC, a portion of this cash can be distributed by way of a dividend to us, but 38.8% of the dividend will be paid to our joint venture partner. During 2018, a dividend of $139 million (2017: $228 million) has been paid by SSMC.