v3.25.2
Supplemental Financial Information
 6 Months Ended
Jun. 29, 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 endedFor the six months ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Distributors1,636 1,804 3,160 3,543 
Original Equipment Manufacturers and Electronic Manufacturing Services1,257 1,294 2,541 2,649 
Other
33 29 60 61 
Total Revenue2,926 3,127 5,761 6,253 

Depreciation, amortization and impairment

For the three months endedFor the six months ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Depreciation of property, plant and equipment143 146 286 291 
Amortization of internal use software8 7 16 14 
Amortization of other identified intangible assets56 60 114 143 
Total - Depreciation, amortization and impairment207 213 416 448 


Financial income and expense

For the three months endedFor the six months ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Interest income39 39 74 89 
Interest expense(115)(97)(221)(202)
Other financial income/ (expense)(10)(17)(31)(32)
Total(86)(75)(178)(145)
Earnings per share

The computation of earnings per share (EPS) is presented in the following table:
For the three months endedFor the six months ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Net income (loss)457 664 954 1,308 
Less: net income (loss) attributable to non-controlling interests12 6 19 11 
Net income (loss) attributable to stockholders445 658 935 1,297 
Weighted average number of shares outstanding (after deduction of treasury shares) during the year (in thousands)252,418 255,478 253,057 256,023 
Plus incremental shares from assumed conversion of:
Options 1)
80 157 87 165 
Restricted Share Units, Performance Share Units and Equity Rights 2)
1,346 3,097 1,289 2,775 
Dilutive potential common shares1,426 3,254 1,376 2,940 
Adjusted weighted average number of shares outstanding (after deduction of treasury shares) during the year (in thousands)253,844 258,732 254,433 258,963 
EPS attributable to stockholders in $:
Basic net income (loss)1.76 2.58 3.69 5.07
Diluted net income (loss)1.75 2.54 3.67 5.01
1)    There were no stock options to purchase shares of NXP’s common stock that were outstanding in Q2 2025 and YTD 2025 (Q2 2024 and YTD 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 0.1 million unvested RSUs, PSUs and equity rights that were outstanding in Q2 2025 and YTD 2025 (Q2 2024 and YTD 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 June 29, 2025 and December 31, 2024, our cash balance was $3,170 million and $3,292 million, respectively, of which $302 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 six months of 2025 and 2024, no dividends were declared by SSMC.

Inventories

Inventories are summarized as follows:
June 29, 2025December 31, 2024
Raw materials91 109 
Work in process1,647 1,576 
Finished goods623 671 
2,361 2,356 

The amounts recorded above are net of allowance for obsolescence of $124 million as of June 29, 2025 (December 31, 2024: $150 million).
Equity Investments

At June 29, 2025 and December 31, 2024, the total carrying value of investments in equity securities is summarized as follows:
June 29, 2025December 31, 2024
Marketable equity securities— 1 
Non-marketable equity securities113 71 
Equity-accounted investments385 300 
498 372 

The total carrying value of investments in equity-accounted investees is summarized as follows:
June 29, 2025December 31, 2024
Shareholding %AmountShareholding %Amount
VisionPower Semiconductor Manufacturing Company Pte. Ltd. (VSMC)40.00 %204 40.00 %134 
European Semiconductor Manufacturing Company (ESMC) GmbH 1)
10.00 %121 10.00 %77 
SMART Growth Fund, L.P.8.41 %37 8.41 %39 
SigmaSense, LLC9.40 %— 10.64 %28 
Others— 23 — 22 
385 300 
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 endedFor the six months ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Company's share in income (loss)(2)(3)(6)(5)
Other results 1)
(26)— (26)1 
(28)(3)(32)(4)
1) For the three and six months periods ending June 29, 2025, other results includes the impairment of our equity method investment SigmaSense.

Other current liabilities

Other current liabilities at June 29, 2025 and December 31, 2024 consisted of the following:
June 29, 2025December 31, 2024
Accrued compensation and benefits327 371 
Customer programs124 131 
Income taxes payable105 114 
Dividend payable256 258 
Other659 560 
1,471 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, 202466 (5)(78)(17)
Other comprehensive income (loss) before
   reclassifications		179 13 (2)190 
Amounts reclassified out of accumulated other
   comprehensive income (loss)		— — — — 
Tax effects— (3)— (3)
Other comprehensive income (loss)179 10 (2)187 
As of June 29, 2025245 5 (80)170 

Cash dividends

The following dividends were declared during the first six months of 2025 and 2024 under NXP’s quarterly dividend program:

Fiscal Year 2025Fiscal Year 2024
Dividend per shareAmountDividend per shareAmount
First quarter1.014 257 1.014 260 
Second quarter1.014 256 1.014 259 

The dividend declared in the second quarter (not yet paid) is classified in the Condensed Consolidated Balance Sheet in other current liabilities as of June 29, 2025 and was subsequently paid on July 9, 2025.