The share capital of the Company as of December 31, 2020 consists of 1,076,257,500 authorized shares, including 430,503,000 authorized shares of common stock, and 645,754,500 authorized but unissued shares of preferred stock.

In October 2018, the board of directors of NXP, as authorized by the annual general meeting of shareholders ("AGM"), approved the repurchase of shares as long as the total number of shares held by NXP in treasury does not exceed 20% (approximately 69 million shares) of the number of shares issued. During the fiscal year-ended December 31, 2019, NXP repurchased 15.9 million shares, for a total of approximately $1.4 billion, and during the year-ended December 31, 2020, NXP repurchased 4.8 million shares, for a total of approximately $0.6 billion. As approved by the board of directors, on November 27, 2019, NXP cancelled some 13.2 million shares and on December 15, 2020, NXP cancelled 26 million shares. As a result, the number of issued NXP shares as per December 31, 2019 is 315,519,638 shares and as per December 31, 2020, the Company has issued and paid up 289,519,638 shares of common stock each having a par value of €0.20 or a nominal stock capital of €58 million (2019: €63 million).

The Company has granted share-based awards to the members of our board of directors, management team, our other executives, selected other key employees/talents of NXP and selected new hires to receive the Company’s shares in the future. See Note 18, “Share-based Compensation”.

From time to time, last on June 17, 2019, the General Meeting of Shareholders authorizes the Board of Directors to repurchase shares of our common stock. On that basis, for the first time in 2011 and latest effective November 19, 2019, the Board of Directors executed various share repurchase programs. In accordance with the Company’s policy to provide share-based awards from its treasury share inventory, shares which have been repurchased and are held in treasury for delivery upon exercise of options and under restricted and performance share programs, are accounted for as a reduction of stockholders’ equity. Treasury shares are recorded at cost, representing the market price on the acquisition date. When issued, shares are removed from treasury shares on a first-in, first-out (FIFO) basis.

Differences between the cost and the proceeds received when treasury shares are reissued, are recorded in capital in excess of par value. Deficiencies in excess of net gains arising from previous treasury share issuances are charged to retained earnings.


	2020	2019	2018
Total shares in treasury at beginning of year	34,082,242	35,913,021	3,078,470
Total cost	3,037	3,238	342
Shares acquired under repurchase program	4,828,913	15,865,718	54,376,181
Average price in $ per share	129.7	90.94	92.07
Amount paid	627	1,443	5,006
Shares delivered	3,866,203	4,513,416	4,241,487
Average price in $ per share	94.26	93.55	107.75
Amount received	71	84	39
Shares retired	26,000,000	13,183,081	17,300,143
Total shares in treasury at end of year	9,044,952	34,082,242	35,913,021
Total cost	1,037	3,037	3,238

Under Dutch tax law, the repurchase of a company’s shares by an entity in the Netherlands is a taxable event (unless exemptions apply). The tax on the repurchased shares is attributed to the shareholders, with NXP making the payment on the shareholders’ behalf. As such, the tax on the repurchased shares is accounted for within stockholders’ equity.


	2020	2019	2018
Net income (loss)	80	272	2,258
Less: Net income (loss) attributable to non-controlling interests	28	29	50
Net income (loss) attributable to stockholders	52	243	2,208

Weighted average number of shares outstanding (after deduction of treasury shares) during the year (in thousands)	279,763	282,056	325,781
Plus incremental shares from assumed conversion of:
Options 1)	526	776	1,145
Restricted Share Units, Performance Share Units and Equity Rights 2)	3,520	3,079	1,680
Dilutive potential common share	4,046	3,855	2,825
Adjusted weighted average number of shares outstanding (after deduction of treasury shares) during the year (in thousands) 1)	283,809	285,911	328,606

EPS attributable to stockholders in $:
Basic net income (loss)	0.19	0.86	6.78
Diluted net income (loss)	0.18	0.85	6.72

1)No stock options to purchase shares of NXP’s common stock that were outstanding in 2020 (2019: 0.1 million shares; 2018: 0.1 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.