Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

NXP Semiconductors N.V., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Revenue	11,063)	8,612)	8,877)	9,407)	9,256)
Cost of revenue	(4,996)	(4,377)	(4,259)	(4,556)	(4,637)
Gross profit	6,067)	4,235)	4,618)	4,851)	4,619)
Research and development	(1,936)	(1,725)	(1,643)	(1,700)	(1,554)
Selling, general and administrative	(956)	(879)	(924)	(993)	(1,090)
Amortization of acquisition-related intangible assets	(592)	(1,327)	(1,435)	(1,449)	(1,448)
Operating expenses	(3,484)	(3,931)	(4,002)	(4,142)	(4,092)
Result from manufacturing service arrangements (MSA) and transitional service arrangements (TSA)	(2)	—)	—)	—)	—)
Other, net	2)	114)	25)	2,001)	1,575)
Other income (expense)	—)	114)	25)	2,001)	1,575)
Operating income	2,583)	418)	641)	2,710)	2,102)
Interest income	4)	13)	57)	48)	27)
Interest expense	(369)	(362)	(370)	(273)	(310)
Interest expense, net	(365)	(349)	(313)	(225)	(283)
Net loss on extinguishment of debt	(22)	(60)	(11)	(26)	(41)
Foreign exchange rate results	5)	(16)	(15)	(14)	(30)
Miscellaneous financing income (expense) and other, net	(21)	8)	(11)	(70)	(12)
Other financial income (expense)	(38)	(68)	(37)	(110)	(83)
Financial income (expense)	(403)	(417)	(350)	(335)	(366)
Income before income taxes	2,180)	1)	291)	2,375)	1,736)
(Provision) benefit for income taxes	(272)	83)	(20)	(176)	483)
Results relating to equity-accounted investees	(2)	(4)	1)	59)	53)
Net income	1,906)	80)	272)	2,258)	2,272)
Net income attributable to non-controlling interests	(35)	(28)	(29)	(50)	(57)
Net income attributable to stockholders	1,871)	52)	243)	2,208)	2,215)

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).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	NXP Semiconductors N.V. revenue decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	NXP Semiconductors N.V. operating income decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	NXP Semiconductors N.V. income before income taxes decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net income attributable to stockholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	NXP Semiconductors N.V. net income attributable to stockholders decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

NXP Semiconductors N.V. (NASDAQ:NXPI)

Income Statement