Stock Analysis on Net

NXP Semiconductors N.V. (NASDAQ:NXPI)

This company has been moved to the archive! The financial data has not been updated since July 26, 2022.

Financial Reporting Quality: Aggregate Accruals 

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Balance-Sheet-Based Accruals Ratio

NXP Semiconductors N.V., balance sheet computation of aggregate accruals

US$ in millions

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Operating Assets
Total assets 20,864 19,847 20,016 21,530 24,049
Less: Cash and cash equivalents 2,830 2,275 1,045 2,789 3,547
Operating assets 18,034 17,572 18,971 18,741 20,502
Operating Liabilities
Total liabilities 14,094 10,696 10,361 10,840 10,333
Less: Short-term debt 1,107 751
Less: Long-term debt 10,572 7,609 7,365 6,247 5,814
Operating liabilities 3,522 3,087 2,996 3,486 3,768
 
Net operating assets1 14,512 14,485 15,975 15,255 16,734
Balance-sheet-based aggregate accruals2 27 (1,490) 720 (1,479)
Financial Ratio
Balance-sheet-based accruals ratio3 0.19% -9.78% 4.61% -9.25%
Benchmarks
Balance-Sheet-Based Accruals Ratio, Competitors4
Advanced Micro Devices Inc. 8.05% 72.69%
Analog Devices Inc. 90.70% -2.85% 0.29%
Applied Materials Inc. 17.33% 3.75% 19.87%
Broadcom Inc. -8.72% 8.42% 27.77%
First Solar Inc. 7.60% 17.40%
Intel Corp. 11.61% 0.01%
KLA Corp. 3.62% -4.49%
Lam Research Corp. 8.38% 9.01%
Micron Technology Inc. 11.51% 7.56%
NVIDIA Corp. 115.40% -16.93%
Qualcomm Inc. 22.56% 20.94%
Texas Instruments Inc. 18.48% 1.00%
Balance-Sheet-Based Accruals Ratio, Sector
Semiconductors & Semiconductor Equipment 19.36% 4.72% 200.00%
Balance-Sheet-Based Accruals Ratio, Industry
Information Technology 21.28% 2.85% 200.00%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).

1 2021 Calculation
Net operating assets = Operating assets – Operating liabilities
= 18,0343,522 = 14,512

2 2021 Calculation
Balance-sheet-based aggregate accruals = Net operating assets2021 – Net operating assets2020
= 14,51214,485 = 27

3 2021 Calculation
Balance-sheet-based accruals ratio = 100 × Balance-sheet-based aggregate accruals ÷ Avg. net operating assets
= 100 × 27 ÷ [(14,512 + 14,485) ÷ 2] = 0.19%

4 Click competitor name to see calculations.

Financial ratio Description The company
Balance-sheet-based accruals ratio Ratio is found by dividing balance-sheet-based aggregate accruals by average net operating assets. Using the balance-sheet-based accruals ratio, NXP Semiconductors N.V. improved earnings quality from 2020 to 2021.

Cash-Flow-Statement-Based Accruals Ratio

NXP Semiconductors N.V., cash flow statement computation of aggregate accruals

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income attributable to stockholders 1,871 52 243 2,208 2,215
Less: Net cash provided by operating activities 3,077 2,482 2,373 4,369 2,447
Less: Net cash (used for) provided by investing activities (934) (418) (2,284) (522) 2,072
Cash-flow-statement-based aggregate accruals (272) (2,012) 154 (1,639) (2,304)
Financial Ratio
Cash-flow-statement-based accruals ratio1 -1.88% -13.21% 0.99% -10.25%
Benchmarks
Cash-Flow-Statement-Based Accruals Ratio, Competitors2
Advanced Micro Devices Inc. 8.10% 83.38%
Analog Devices Inc. -11.85% -3.72% -3.61%
Applied Materials Inc. 14.75% -0.54% -1.09%
Broadcom Inc. -12.34% 3.65% 18.25%
First Solar Inc. 7.84% 13.21%
Intel Corp. 15.15% 6.75%
KLA Corp. 9.27% -7.11%
Lam Research Corp. 3.89% 6.35%
Micron Technology Inc. 10.01% 5.45%
NVIDIA Corp. 233.25% -225.09%
Qualcomm Inc. 15.61% 48.48%
Texas Instruments Inc. 29.95% 4.03%
Cash-Flow-Statement-Based Accruals Ratio, Sector
Semiconductors & Semiconductor Equipment 12.29% 3.78% 14.64%
Cash-Flow-Statement-Based Accruals Ratio, Industry
Information Technology 10.55% -8.35% -22.20%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).

1 2021 Calculation
Cash-flow-statement-based accruals ratio = 100 × Cash-flow-statement-based aggregate accruals ÷ Avg. net operating assets
= 100 × -272 ÷ [(14,512 + 14,485) ÷ 2] = -1.88%

2 Click competitor name to see calculations.

Financial ratio Description The company
Cash-flow-statement-based accruals ratio Ratio is found by dividing cash-flow-statement-based aggregate accruals by average net operating assets. Using the cash-flow-statement-based accruals ratio, NXP Semiconductors N.V. improved earnings quality from 2020 to 2021.