NXP Semiconductors Reports Second Quarter 2016 Results
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NXP Semiconductors | | | | |
Table 2: Condensed consolidated balance sheet (unaudited) | | | | |
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| | | | | | | | | | | | | | | ($ in millions) | |
As of | | | | | | |
July 3, 2016 | |
April 3, 2016 | |
July 5, 2015 | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | Cash and cash equivalents | | $ | 1,335 | | | $ | 1,488 | | | $ | 2,435 | | | | | | Accounts receivable, net | | | 1,085 | | | | 1,054 | | | | 533 | | | | | | Assets held for sale (1) | | | 1,101 | | | | 8 | | | | 361 | | | | | | Inventories, net | | | 1,167 | | | | 1,452 | | | | 756 | | | | | | Other current assets | | | 251 | | | | 243 | | | | 172 | | | | | |
Total current assets | | |
4,939 | | | |
4,245 | | | |
4,257 | | | | | | | | | | | | | | | | |
Non-current assets: | | | | | | | | | | | Other non-current assets | | | 519 | | | | 595 | | | | 537 | | | | | | Property, plant and equipment, net | | | 2,403 | | | | 2,848 | | | | 1,078 | | | | | | Identified intangible assets, net | | | 7,847 | | | | 8,446 | | | | 496 | | | | | | Goodwill | | | 8,873 | | | | 9,239 | | | | 1,825 | | | | | |
Total non-current assets | | |
19,642 | | | |
21,128 | | | |
3,936 | | | | | | | | | | | | | | | | |
Total assets | | |
24,581 | | | |
25,373 | | | |
8,193 | | | | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | Accounts payable | | | 873 | | | | 948 | | | | 739 | | | | | | Liabilities held for sale (2) | | | 155 | | | | - | | | | 6 | | | | | | Restructuring liabilities-current | | | 193 | | | | 193 | | | | 26 | | | | | | Accrued liabilities | | | 749 | | | | 821 | | | | 516 | | | | | | Short-term debt | | | 622 | | | | 736 | | | | 33 | | | | | |
Total current liabilities | | |
2,592 | | | |
2,698 | | | |
1,320 | | | | | | | | | | | | | | | | |
Non-current liabilities: | | | | | | | | | | | Long-term debt | | | 8,272 | | | | 8,270 | | | | 5,014 | | | | | | Restructuring liabilities | | | 30 | | | | 31 | | | | 3 | | | | | | Deferred tax liabilities | | | 1,867 | | | | 2,044 | | | | 73 | | | | | | Other non-current liabilities | | | 751 | | | | 839 | | | | 882 | | | | | |
Total non-current liabilities | | |
10,920 | | | |
11,184 | | | |
5,972 | | | | | | | | | | | | | | | | | Non-controlling interests | | | 188 | | | | 299 | | | | 250 | | | | | | Stockholders’ equity | | | 10,881 | | | | 11,192 | | | | 651 | | | | | |
Total equity | | |
11,069 | | | |
11,491 | | | |
901 | | | | | | | | | | | | | | | | |
Total liabilities and equity | | |
24,581 | | | |
25,373 | | | |
8,193 | | | | | |
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Notes: | | | | | | | | | | | (1) Assets held for sale is comprised of - Accounts receivable, net $3, Inventories, net $236, Property, plant and equipment, net $339, Identified intangible assets, net $143, Goodwill $342 and Other assets $38. | | | | | (2) Liabilities held for sale is comprised of - Account payable $79 and accrued and other liabilities $76 | | | | | | | | | | | | |
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