NXP Semiconductors Reports Third Quarter 2016 Results
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NXP Semiconductors | | | | | | | | | |
Table 2: Condensed consolidated balance sheet (unaudited) | | | | | | | | | |
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| | | | | | | | | | | | | ($ in millions) | |
As of | | | | | |
October 2,
2016 | |
July 3, 2016 | |
October 4,
2015 | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | Cash and cash equivalents | | $ | 1,569 | | | $ | 1,335 | | | $ | 2,492 | | | | | Accounts receivable, net | | | 1,157 | | | | 1,085 | | | | 611 | | | | | Assets held for sale | | | 1,092 | | | (1 | ) | | 1,101 | | | | 356 | | | | | Inventories, net | | | 1,141 | | | | 1,167 | | | | 751 | | | | | Other current assets | | | 244 | | | | 251 | | | | 189 | | | | |
Total current assets | | |
5,203 | | | |
4,939 | | | |
4,399 | | | | | | | | | | | | | | |
Non-current assets: | | | | | | | | | | Other non-current assets | | | 657 | | | | 519 | | | | 451 | | | | | Property, plant and equipment, net | | | 2,366 | | | | 2,403 | | | | 1,097 | | | | | Identified intangible assets, net | | | 7,656 | | | | 7,847 | | | | 465 | | | | | Goodwill | | | 8,910 | | | | 8,873 | | | | 1,838 | | | | |
Total non-current assets | | |
19,589 | | | |
19,642 | | | |
3,851 | | | | | | | | | | | | | | |
Total assets | | |
24,792 | | | |
24,581 | | | |
8,250 | | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | Accounts payable | | | 889 | | | | 873 | | | | 736 | | | | | Liabilities held for sale | | | 182 | | | (2 | ) | | 155 | | | | 8 | | | | | Restructuring liabilities-current | | | 159 | | | | 193 | | | | 21 | | | | | Accrued liabilities | | | 712 | | | | 749 | | | | 480 | | | | | Short-term debt | | | 621 | | | | 622 | | | | 532 | | | | |
Total current liabilities | | |
2,563 | | | |
2,592 | | | |
1,777 | | | | | | | | | | | | | | |
Non-current liabilities: | | | | | | | | | | Long-term debt | | | 8,761 | | | | 8,272 | | | | 4,518 | | | | | Restructuring liabilities | | | 28 | | | | 30 | | | | 3 | | | | | Deferred tax liabilities | | | 1,810 | | | | 1,867 | | | | 72 | | | | | Other non-current liabilities | | | 876 | | | | 751 | | | | 723 | | | | |
Total non-current liabilities | | |
11,475 | | | |
10,920 | | | |
5,316 | | | | | | | | | | | | | | | Non-controlling interests | | | 204 | | | | 188 | | | | 268 | | | | | Stockholders’ equity | | | 10,550 | | | | 10,881 | | | | 889 | | | | |
Total equity | | |
10,754 | | | |
11,069 | | | |
1,157 | | | | | | | | | | | | | | |
Total liabilities and equity | | |
24,792 | | | |
24,581 | | | |
8,250 | | | | |
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Notes: | | | | | | | | | | (1) Assets held for sale is comprised of - Trade accounts receivable, net $2 million, Other assets, net $27 million, Inventories, net $213 million, Property, plant and equipment, net $367 million, Identified intangible assets, net $140 million and Goodwill $343 million. | | | | (2) Liabilities held for sale is comprised of - Accounts payable $96 million, Accrued liabilities and other liabilities $86 million. | | | | | |
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