v3.25.1

Supplemental Financial Information | 3 Months Ended
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Mar. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Financial Information | Supplemental Financial Information Statement of Operations Information: Disaggregation of revenue The following table presents revenue disaggregated by sales channel:
|  |  | For the three months ended
|  |  |  |  | March 30, 2025 |  | March 31, 2024
Distributors |  |  |  |  | 1,524 |  |  | 1,739 |
Original Equipment Manufacturers and Electronic Manufacturing Services |  |  |  |  | 1,284 |  |  | 1,355 |
Other |  |  |  |  | 27 |  |  | 32 |
Total Revenue |  |  |  |  | 2,835 |  |  | 3,126 |
Depreciation, amortization and impairment
|  |  | For the three months ended
|  |  |  |  | March 30, 2025 |  | March 31, 2024
Depreciation of property, plant and equipment |  |  |  |  | 143 |  |  | 145 |
Amortization of internal use software |  |  |  |  | 8 |  |  | 7 |
Amortization of other identified intangible assets |  |  |  |  | 58 |  |  | 83 |
Total - Depreciation, amortization and impairment |  |  |  |  | 209 |  |  | 235 |
Financial income and expense
|  |  | For the three months ended
|  |  |  |  | March 30, 2025 |  | March 31, 2024
Interest income |  |  |  |  | 35 |  |  | 50 |
Interest expense |  |  |  |  | (106) |  |  | (105) |
Total other financial income/ (expense) |  |  |  |  | (21) |  |  | (15) |
Total |  |  |  |  | (92) |  |  | (70) |
Earnings per share The computation of earnings per share (EPS) is presented in the following table:
|  |  | For the three months ended
|  |  |  |  | March 30, 2025 |  | March 31, 2024
Net income (loss) |  |  |  |  | 497 |  |  | 644 |
Less: net income (loss) attributable to non-controlling interests |  |  |  |  | 7 |  |  | 5 |
Net income (loss) attributable to stockholders |  |  |  |  | 490 |  |  | 639 |
Weighted average number of shares outstanding (after deduction of treasury shares) during the year (in thousands) |  |  |  |  | 253,709 |  |  | 256,567 |
Plus incremental shares from assumed conversion of: |  |  |  |  |  |  |
Options 1) |  |  |  |  | 94 |  |  | 172 |
Restricted Share Units, Performance Share Units and Equity Rights 2) |  |  |  |  | 1,215 |  |  | 2,215 |
Dilutive potential common shares |  |  |  |  | 1,309 |  |  | 2,387 |
Adjusted weighted average number of shares outstanding (after deduction of treasury shares) during the year (in thousands) |  |  |  |  | 255,018 |  |  | 258,954 |
EPS attributable to stockholders in $: |  |  |  |  |  |  |
Basic net income (loss) |  |  |  |  | 1.93 |  |  | 2.49
Diluted net income (loss) |  |  |  |  | 1.92 |  |  | 2.47
1) There were no stock options to purchase shares of NXP’s common stock that were outstanding in Q1 2025 (Q1 2024: no shares) that 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 were greater than the weighted average number of shares underlying outstanding stock options. 2) There were no unvested RSUs, PSUs and equity rights that were outstanding in Q1 2025 (Q1 2024: no shares) that 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 were greater than the weighted average number of outstanding unvested RSUs, PSUs and equity rights or the performance goal has not been met yet. Balance Sheet Information Cash and cash equivalents At March 30, 2025 and December 31, 2024, our cash balance was $3,988 million and $3,292 million, respectively, of which $275 million and $261 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 both first three months of 2025 and 2024, no dividends were declared by SSMC. Inventories Inventories are summarized as follows:
| March 30, 2025 |  | December 31, 2024
Raw materials | 102 |  |  | 109 |
Work in process | 1,638 |  |  | 1,576 |
Finished goods | 610 |  |  | 671 |
| 2,350 |  |  | 2,356 |
The amounts recorded above are net of allowance for obsolescence of $131 million as of March 30, 2025 (December 31, 2024: $150 million). Equity Investments At March 30, 2025 and December 31, 2024, the total carrying value of investments in equity securities is summarized as follows:
| March 30, 2025 |  | December 31, 2024
Marketable equity securities | — |  |  | 1 |
Non-marketable equity securities | 76 |  |  | 71 |
Equity-accounted investments | 336 |  |  | 300 |
| 412 |  |  | 372 |
The total carrying value of investments in equity-accounted investees is summarized as follows:
| March 30, 2025 |  | December 31, 2024 |
| Shareholding % |  | Amount |  | Shareholding % |  | Amount |
VisionPower Semiconductor Manufacturing Company Pte. Ltd. (VSMC) | 40.00 | % |  | 154 |  |  | 40.00 | % |  | 134 |  |
European Semiconductor Manufacturing Company (ESMC) GmbH 1) | 10.00 | % |  | 95 |  |  | 10.00 | % |  | 77 |  |
SMART Growth Fund, L.P. | 8.41 | % |  | 37 |  |  | 8.41 | % |  | 39 |  |
SigmaSense, LLC | 9.40 | % |  | 27 |  |  | 10.64 | % |  | 28 |  |
Others | — |  |  | 23 |  |  | — |  |  | 22 |  |
|  |  | 336 |  |  |  |  | 300 |  |
1) NXP accounts for its investment in ESMC under the equity method due to our ability to exercise significant influence over ESMC’s operations, primarily through representation on ESMC’s board of directors and other operational arrangements. |
Results related to equity-accounted investees at the end of each period were as follows:
|  |  | For the three months ended
|  |  |  |  | March 30, 2025 |  | March 31, 2024
Company's share in income (loss) |  |  |  |  | (4) |  |  | (2) |
Other results |  |  |  |  | — |  |  | 1 |
|  |  |  |  | (4) |  |  | (1) |
Other current liabilities Other current liabilities at March 30, 2025 and December 31, 2024 consisted of the following:
| March 30, 2025 |  | December 31, 2024
Accrued compensation and benefits | 354 |  |  | 371 |
Customer programs | 139 |  |  | 131 |
Income taxes payable | 157 |  |  | 114 |
Dividend payable | 257 |  |  | 258 |
Other | 505 |  |  | 560 |
| 1,412 |  |  | 1,434 |
Accumulated other comprehensive income (loss) Total comprehensive income (loss) represents net income (loss) plus the results of certain equity changes not reflected in the Condensed Consolidated Statements of Operations. The after-tax components of accumulated other comprehensive income (loss) and their corresponding changes are shown below:
| Currency translation differences |  | Change in fair value cash flow hedges |  | Net actuarial gain/(losses) |  | Accumulated Other Comprehensive Income (loss)
As of December 31, 2024 | 66 |  |  | (5) |  |  | (78) |  |  | (17) |
Other comprehensive income (loss) before reclassifications | 43 |  |  | 3 |  |  | — |  |  | 46 |
Amounts reclassified out of accumulated other comprehensive income (loss) | — |  |  | 1 |  |  | — |  |  | 1 |
Tax effects | — |  |  | (1) |  |  | — |  |  | (1) |
Other comprehensive income (loss) | 43 |  |  | 3 |  |  | — |  |  | 46 |
As of March 30, 2025 | 109 |  |  | (2) |  |  | (78) |  |  | 29 |
Cash dividends The following dividends were declared during the first three months of 2025 and 2024 under NXP’s quarterly dividend program:
| Fiscal Year 2025 |  | Fiscal Year 2024
| Dividend per share |  | Amount |  | Dividend per share |  | Amount
First quarter | 1.014 |  |  | 257 |  |  | 1.014 |  |  | 260 |
The dividend declared in the first quarter (not yet paid) is classified in the Condensed Consolidated Balance Sheet in other current liabilities as of March 30, 2025 and was subsequently paid on April 9, 2025.

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