A ou ces $5 Billio I c ease i Sha e Repu chase Autho izatio
EINDHOVEN, The Nethe la ds, Oct. 27, 2026 (GLOBE NEWSWIRE) — NXP Semico ducto s N.V. (NASDAQ: NXPI) today epo ted fi a cial esults fo the thi d qua te , which e ded Septembe 27, 2026. “NXP delive ed thi d-qua te eve ue of $3.8 billio , up 19 pe ce t yea -o -yea a d 8 pe ce t seque tially. Ou pe fo ma ce was d ive by accele ati g co t ibutio s f om ou compa y-specific g owth d ive s i automotive a d i dust ial as well as co ti ued mome tum i data ce te i f ast uctu e. St o g p ofitability leadi g to f ee cash flow ge e atio e ables NXP to i vest i i ovative solutio s a d expa d ma ufactu i g capabilities that suppo t ou lo g-te m g owth objectives, while co ti ui g to etu capital to sha eholde s th ough ou ewly a ou ced $5 billio sha e epu chase autho izatio . Looki g ahead, we see sig ifica t oppo tu ities as softwa e-defi ed vehicles d ive i c easi g dema d fo ou ext-ge e atio solutio s, while data ce te i f ast uctu e a d T usted Physical AI applicatio s c eate ew vecto s fo lo g-te m g owth,” said Rafael Sotomayo , NXP P eside t a d Chief Executive Office .
- Reve ue was $3.79 billio , up 19 pe ce t yea -o -yea ;
- GAAP g oss ma gi was 57.8 pe ce t, GAAP ope ati g ma gi was 32.4 pe ce t a d GAAP diluted Net I come pe Sha e was $3.48;
- No -GAAP g oss ma gi was 58.6 pe ce t, o -GAAP ope ati g ma gi was 37.1 pe ce t, a d o -GAAP diluted Net I come pe Sha e was $4.20;
- Cash flow f om ope atio s was $1.26 billio , with et capex i vestme ts of $50 millio , esulti g i o -GAAP f ee cash flow of $1.21 billio o 31.9 pe ce t of eve ue;
- Capital etu du i g the qua te was $359 millio , ep ese ti g 29.8 pe ce t of thi d qua te o -GAAP f ee cash flow. Divide ds paid du i g the qua te we e $256 millio , a d sha e buybacks we e $103 millio ;
- O August 4, 2026, NXP a ou ced that its T ime sio ™ Ult a-Wideba d (UWB) a gi g a d ada solutio s will be deployed by the BMW G oup ac oss its fleet, sta ti g with selected 2026 vehicle p og ams;
- O August 12, 2026, NXP b oke g ou d o its assembly a d test site expa sio i Malaysia;
- O Septembe 28, 2026, VSMC, the joi t ve tu e betwee Va gua d I te atio al Semico ducto Co po atio (VIS) a d NXP Semico ducto s N.V., ma ked the g a d ope i g of its fi st 300mm fab i Si gapo e; a d
- The NXP Boa d of Di ecto s, i Octobe afte qua te e d, autho ized a $5 billio sha e epu chase p og am i additio to the $1.3 billio emai i g u de the p io autho izatio .
| G oss P ofit Adjustme ts(i) | $ | (28 | ) | $ | (26 | ) | $ | (23 | ) | GAAP G oss Ma gi | 57.8 | % | 57.3 | % | 56.3 | % | No -GAAP G oss Ma gi | 58.6 | % | 58.0 | % | 57.0 | % | Ope ati g I come Adjustme ts(i) | $ | (178 | ) | $ | (157 | ) | $ | (178 | ) | GAAP Ope ati g Ma gi | 32.4 | % | 30.6 | % | 28.1 | % | No -GAAP Ope ati g Ma gi | 37.1 | % | 35.1 | % | 33.8 | % | Net I come Adjustme ts(i) | $ | (181 | ) | $ | (151 | ) | $ | (159 | ) |
| Automotive | $ | 2,070 | $ | 1,938 | $ | 1,837 | 7% | 13% | I dust ial & IoT | $ | 802 | $ | 755 | $ | 579 | 6% | 39% | Mobile | $ | 411 | $ | 351 | $ | 430 | 17% | -4% | Comm. I f a. & Othe | $ | 503 | $ | 452 | $ | 327 | 11% | 54% | DIO | 148 | 156 | 161 | DPO | 62 | 60 | 58 | DSO | 30 | 33 | 31 | Cash Co ve sio Cycle | 116 | 129 | 134 | Cha el I ve to y (weeks) | 11 | 11 | 9 | G oss Fi a cial Leve age(iii) | 2.0x | 2.1x | 2.6x | Net Fi a cial Leve age(iv) | 1.3x | 1.5x | 1.8x |
Additio al I fo matio fo the Thi d Qua te 2026: - Fo a expla atio of GAAP to o -GAAP adjustme ts, please see “No -GAAP Fi a cial Measu es”.
- Refe to Table 1 below fo the weighted ave age umbe of diluted sha es fo the p ese ted pe iods.
- G oss fi a cial leve age is defi ed as g oss debt divided by t aili g twelve mo ths adjusted EBITDA.
- Net fi a cial leve age is defi ed as et debt divided by t aili g twelve mo ths adjusted EBITDA.
| Q-Q | -1% | 2% | 4% | -1% | 2% | 4% | Y-Y | 12% | 15% | 18% | 12% | 15% | 18% | $(35) | G oss Ma gi | 57.6% | 58.1% | 58.7% | 58.5% | 59.0% | 59.5% | $(207) | Ope ati g Ma gi | 31.1% | 32.1% | 33.0% | 36.6% | 37.5% | 38.3% | Fi a cial I come (expe se) | $(89) | $(89) | $(89) | $(10) | $(79) | $(79) | $(79) | Tax ate | 18.6%-19.6% | 17.0%-18.0% | Equity-accou ted i vestees | $(6) | $(6) | $(6) | $(1) | $(5) | $(5) | $(5) | No -co t olli g i te ests | $(14) | $(14) | $(14) | $(14) | $(14) | $(14) | Sha es – diluted | 253.8 | 253.8 | 253.8 | 253.8 | 253.8 | 253.8 |
- GAAP G oss P ofit is expected to i clude Pu chase P ice Accou ti g (“PPA”) effects, $(4) millio ; Sha e-based Compe satio , $(15) millio ; Othe I cide tals, $(16) millio ;
- GAAP Ope ati g I come (loss) is expected to i clude PPA effects, $(35) millio ; Sha e-based Compe satio , $(132) millio ; Rest uctu i g a d Othe I cide tals, $(40) millio ;
- GAAP Fi a cial I come (expe se) is expected to i clude Othe fi a cial expe se $(10) millio ;
- GAAP Results elati g to equity-accou ted i vestees is expected to i clude esults elati g to o -fou d y equity-accou ted i vestees $(1) millio ;
- GAAP diluted EPS is expected to i clude the adjustme ts oted above fo PPA effects, Sha e-based Compe satio , Rest uctu i g a d Othe I cide tals i GAAP Ope ati g I come (loss), the adjustme t fo Othe fi a cial expe se, the adjustme t fo esults elati g to o -fou d y equity-accou ted i vestees a d the adjustme t o Tax due to the ea lie me tio ed adjustme ts.
NXP has based the guida ce i cluded i this elease o judgme ts a d estimates that ma ageme t believes a e easo able give its assessme t of histo ical t e ds a d othe i fo matio easo ably available as of the date of this elease. Please ote, the guida ce i cluded i this elease co sists of p edictio s o ly, a d is subject to a wide a ge of k ow a d u k ow isks a d u ce tai ties, ma y of which a e beyo d NXP’s co t ol. The guida ce i cluded i this elease should ot be ega ded as ep ese tatio s by NXP that the estimated esults will be achieved. Actual esults may va y mate ially f om the guida ce we p ovide today. I elatio to the use of o -GAAP fi a cial i fo matio see the ote ega di g “No -GAAP Fi a cial Measu es” below. Fo the facto s, isks, a d u ce tai ties to which judgme ts, estimates a d fo wa d-looki g stateme ts ge e ally a e subject see the ote ega di g “Fo wa d-looki g Stateme ts.” We u de take o obligatio to publicly update o evise a y fo wa d-looki g stateme ts, i cludi g the guida ce set fo th he ei , to eflect futu e eve ts o ci cumsta ces.
I ma agi g NXP’s busi ess o a co solidated basis, ma ageme t develops a a ual ope ati g pla , which is app oved by ou Boa d of Di ecto s, usi g o -GAAP fi a cial measu es, that a e ot i acco da ce with, o a alte ative to, U.S. ge e ally accepted accou ti g p i ciples (“GAAP”). I measu i g pe fo ma ce agai st this pla , ma ageme t co side s the actual o pote tial impacts o these o -GAAP fi a cial measu es f om actio s take to educe costs with the goal of i c easi g ou g oss ma gi a d ope ati g ma gi a d whe assessi g app op iate levels of esea ch a d developme t effo ts. I additio , ma ageme t elies upo these o -GAAP fi a cial measu es whe maki g decisio s about p oduct spe di g, admi ist ative budgets, a d othe ope ati g expe ses. We believe that these o -GAAP fi a cial measu es, whe coupled with the GAAP esults a d the eco ciliatio s to co espo di g GAAP fi a cial measu es, p ovide a mo e complete u de sta di g of the Compa y’s esults of ope atio s a d the facto s a d t e ds affecti g NXP’s busi ess. We believe that they e able i vesto s to pe fo m additio al compa iso s of ou ope ati g esults, to assess ou liquidity a d capital positio a d to a alyze fi a cial pe fo ma ce excludi g the effect of expe ses u elated to co e ope ati g pe fo ma ce, ce tai o -cash expe ses a d sha e-based compe satio expe se, which may obscu e t e ds i NXP’s u de lyi g pe fo ma ce. This i fo matio also e ables i vesto s to compa e fi a cial esults betwee pe iods whe e ce tai items may va y i depe de t of busi ess pe fo ma ce, a d allow fo g eate t a spa e cy with espect to key met ics used by ma ageme t.
These o -GAAP fi a cial measu es a e p ovided i additio to, a d ot as a substitute fo , o supe io to, measu es of fi a cial pe fo ma ce p epa ed i acco da ce with GAAP. The p ese tatio of these a d othe simila items i NXP’s o -GAAP fi a cial esults should ot be i te p eted as implyi g that these items a e o – ecu i g, i f eque t, o u usual. Reco ciliatio s of these o -GAAP measu es to the most compa able measu es calculated i acco da ce with GAAP a e p ovided i the fi a cial stateme ts po tio of this elease i a schedule e titled “Fi a cial Reco ciliatio of GAAP to o -GAAP Results (u audited).” Please efe to the NXP Histo ic Fi a cial Model file fou d o the Fi a cial I fo matio page of the I vesto Relatio s sectio of ou website at https://i vesto s. xp.com fo additio al i fo matio elated to ou atio ale fo usi g these o -GAAP fi a cial measu es, as well as the impact of these measu es o the p ese tatio of NXP’s ope atio s.
I additio to p ovidi g fi a cial i fo matio o a basis co siste t with GAAP, NXP also p ovides the followi g selected fi a cial measu es o a o -GAAP basis: (i) G oss p ofit, (ii) G oss ma gi , (iii) Resea ch a d developme t, (iv) Selli g, ge e al a d admi ist ative, (v) Othe i come, (vi) Ope ati g i come (loss), (vii) Ope ati g ma gi , (viii) Fi a cial I come (expe se), (ix) I come tax be efit (p ovisio ), (x) Results elati g to fou d y equity-accou ted i vestees, (xi) Net i come (loss) att ibutable to stockholde s, (xii) Ea i gs pe Sha e – Diluted, (xiii) EBITDA, adjusted EBITDA a d t aili g 12 mo th adjusted EBITDA, a d (xiv) f ee cash flow, t aili g 12 mo th f ee cash flow a d t aili g 12 mo th f ee cash flow as a pe ce t of Reve ue. The o -GAAP i fo matio excludes, whe e applicable, the amo tizatio of acquisitio elated i ta gible assets, the pu chase accou ti g effect o i ve to y a d p ope ty, pla t a d equipme t, me ge elated costs (i cludi g i teg atio costs), ce tai items elated to divestitu es, sha e-based compe satio expe se, est uctu i g a d asset impai me t cha ges, exti guishme t of debt, fo eig excha ge gai s a d losses, i come tax effect o adjustme ts desc ibed above a d esults f om o -fou d y equity-accou ted i vestme ts.
The diffe e ce i the be efit (p ovisio ) fo i come taxes betwee ou GAAP a d o -GAAP esults elates to the i come tax effects of the GAAP to o -GAAP adjustme ts that we make a d the i come tax effect of a y disc ete items that occu i the i te im pe iod. Disc ete items p ima ily elate to u expected tax eve ts that may occu as these amou ts ca ot be fo ecasted (e.g., the impact of cha ges i tax law a d/o ates, cha ges i estimates o esolved tax audits elati g to p io yea tax p ovisio s, the excess o deficit tax effects o sha e-based compe satio , etc.).
The compa y will host a co fe e ce call with the fi a cial commu ity o Tuesday, Octobe 27, 2026 at 4:30 p.m. U.S. Easte Daylight Time (EDT) to eview the thi d qua te 2026 esults i detail.
I te ested pa ties may p e egiste to obtai a use -specific access code fo the call he e.
The call will be webcast a d ca be accessed f om the NXP I vesto Relatio s website at www. xp.com. A eplay of the call will be available o the NXP I vesto Relatio s website withi 24 hou s of the actual call.
NXP Semico ducto s N.V. (NASDAQ: NXPI) is the t usted pa t e fo i ovative solutio s i the automotive, i dust ial & IoT, mobile, a d commu icatio s i f ast uctu e ma kets. NXP’s “B ighte Togethe ” app oach combi es leadi g-edge tech ology with pio ee i g people to develop system solutio s that make the co ected wo ld bette , safe , a d mo e secu e. The compa y has ope atio s i mo e tha 30 cou t ies a d posted eve ue of $12.27 billio i 2025. Fi d out mo e at www. xp.com.
This docume t i cludes fo wa d-looki g stateme ts which i clude stateme ts ega di g NXP’s busi ess st ategy, fi a cial co ditio , esults of ope atio s, ma ket data, as well as a y othe stateme ts which a e ot histo ical facts. By thei atu e, fo wa d-looki g stateme ts a e subject to ume ous facto s, isks a d u ce tai ties that could cause actual outcomes a d esults to be mate ially diffe e t f om those p ojected. These facto s, isks a d u ce tai ties i clude the followi g: ma ket dema d a d semico ducto i dust y co ditio s; ou ability to successfully i t oduce ew tech ologies a d p oducts; the dema d fo the goods i to which ou p oducts a e i co po ated; ece t cha ges i global t ade policy i cludi g ta iffs a d elated t ade actio s a ou ced by the U.S., Chi a a d othe cou t ies, pote tial i c ease of ba ie s to i te atio al t ade, i cludi g the impositio of ew o i c eased ta iffs, a d esulti g dis uptio s to ou established supply chai s; the impact of gove me t actio s a d egulatio s, i cludi g as a esult of executive o de s, i cludi g est ictio s o the expo t of p oducts a d tech ology; i c easi g a d evolvi g cybe secu ity th eats a d p ivacy isks; ou ability to accu ately estimate dema d a d match ou p oductio capacity acco di gly o obtai supplies f om thi d-pa ty p oduce s; ou access to p oductio f om thi d-pa ty outsou ci g pa t e s, a d a y eve ts that might affect thei busi ess o ou elatio ship with them; ou ability to secu e adequate a d timely supply of equipme t a d mate ials f om supplie s; ou ability to avoid ope atio al p oblems a d p oduct defects a d, if such issues we e to a ise, to co ect them quickly; ou ability to fo m st ategic pa t e ships a d joi t ve tu es a d successfully coope ate with ou st ategic allia ce pa t e s; ou ability to wi competitive bid selectio p ocesses; ou ability to develop p oducts fo use i ou custome s’ equipme t a d p oducts; ou ability to successfully hi e a d etai key ma ageme t a d se io p oduct e gi ee s; global hostilities, i cludi g the i vasio of Uk ai e by Russia a d esulti g egio al i stability, sa ctio s a d a y othe etaliato y measu es take agai st Russia, a d the co ti ued hostilities a d a med co flict i the Middle East i cludi g the o goi g milita y co flict i volvi g I a a d the esulti g dis uptio to e e gy ma kets, i dust ial gas supplies a d global logistical outes, which could adve sely impact the global supply chai , dis upt ou ope atio s o egatively impact the dema d fo ou p oducts i ou p ima y e d ma kets; ou ability to mai tai good elatio ships with ou supplie s; ou ability to i teg ate acqui ed busi esses i a efficie t a d effective ma e ; ou ability to ge e ate sufficie t cash, aise sufficie t capital o efi a ce ou debt at o befo e matu ity to meet ou debt se vice, esea ch a d developme t a d capital i vestme t equi eme ts; a d a cha ge i tax laws could have a effect o ou estimated effective tax ates. I additio , this docume t co tai s i fo matio co ce i g the semico ducto i dust y, ou e d ma kets a d busi ess ge e ally, which is fo wa d-looki g i atu e a d is based o a va iety of assumptio s ega di g the ways i which the semico ducto i dust y, ou e d ma kets a d busi ess will develop. NXP has based these assumptio s o i fo matio cu e tly available, if a y o e o mo e of these assumptio s tu out to be i co ect, actual esults may diffe f om those p edicted. While NXP does ot k ow what impact a y such diffe e ces may have o its busi ess, if the e a e such diffe e ces, its futu e esults of ope atio s a d its fi a cial co ditio could be mate ially adve sely affected. Reade s a e cautio ed ot to place u due elia ce o these fo wa d-looki g stateme ts, which speak to esults o ly as of the date the stateme ts we e made. Except fo a y o goi g obligatio to disclose mate ial i fo matio as equi ed by the U ited States fede al secu ities laws, NXP does ot have a y i te tio o obligatio to publicly update o evise a y fo wa d-looki g stateme ts afte we dist ibute this docume t, whethe to eflect a y futu e eve ts o ci cumsta ces o othe wise. Fo a discussio of pote tial isks a d u ce tai ties, please efe to the isk facto s listed i ou SEC fili gs. Copies of ou SEC fili gs a e available o ou I vesto Relatio s website, www. xp.com/i vesto o f om the SEC website, www.sec.gov.
Fo fu the i fo matio , please co tact:
| I vesto s: | Media: | Jeff Palme | Paige Ive | jeff.palme @ xp.com | paige.ive @ xp.com | +1 408 205 0687 | +1 817 975 0602 | Mike Luca elli | mike.luca elli@ xp.com | +1 617 943 6892 |
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| ($ i millio s except sha e data) | Cost of eve ue | (1,597 | ) | (1,494 | ) | (1,386 | ) | Resea ch a d developme t | (615 | ) | (604 | ) | (575 | ) | Selli g, ge e al a d admi ist ative | (313 | ) | (291 | ) | (286 | ) | Amo tizatio of acquisitio – elated i ta gible assets | (30 | ) | (31 | ) | (31 | ) | Othe i come (expe se) | (3 | ) | (5 | ) | (2 | ) | Fi a cial i come (expe se): | Othe fi a cial i come (expe se) | (97 | ) | (97 | ) | (98 | ) | Be efit (p ovisio ) fo i come taxes | (228 | ) | (189 | ) | (148 | ) | Results elati g to equity-accou ted i vestees | (4 | ) | (3 | ) | (1 | ) | Less: Net i come (loss) att ibutable to o -co t olli g i te ests | 15 | 15 | 15 | Net i come (loss) pe commo sha e att ibutable to stockholde s i $ | Basic | $ | 3.51 | $ | 3.04 | $ | 2.50 | Diluted | $ | 3.48 | $ | 3.02 | $ | 2.48 | Weighted ave age umbe of sha es of commo stock outsta di g du i g the pe iod (i thousa ds): | Basic | 252,123 | 252,415 | 252,170 | Diluted | 253,831 | 254,021 | 254,310 |
| ($ i millio s) | Cash a d cash equivale ts | $ | 3,943 | $ | 3,222 | $ | 3,454 | Sho t-te m deposits | — | — | 500 | Accou ts eceivable, et | 1,260 | 1,274 | 1,095 | Assets held fo sale | 92 | 92 | 292 | I ve to ies, et | 2,596 | 2,557 | 2,452 | Othe cu e t assets | 544 | 539 | 716 | Defe ed tax assets | 1,297 | 1,242 | 1,313 | Othe o -cu e t assets | 3,432 | 3,195 | 2,186 | P ope ty, pla t a d equipme t, et | 2,803 | 2,835 | 3,086 | Ide tified i ta gible assets, et | 1,381 | 1,441 | 1,139 | Goodwill | 10,259 | 10,268 | 10,121 | Accou ts payable | 1,089 | 984 | 886 | Rest uctu i g liabilities-cu e t | 83 | 111 | 49 | Othe cu e t liabilities | 1,799 | 1,672 | 1,384 | Sho t-te m debt | 999 | 999 | 1,264 | Lo g-te m debt | 9,979 | 9,977 | 10,971 | Rest uctu i g liabilities | 65 | 65 | 60 | Othe o -cu e t liabilities | 1,128 | 1,096 | 1,313 | No -co t olli g i te ests | 377 | 362 | 382 | Stockholde s’ equity | 12,088 | 11,399 | 10,045 |
| ($ i millio s) | Cash flows p ovided by (used fo ) ope ati g activities: | Dep eciatio a d amo tizatio | 192 | 184 | 201 | Sha e-based compe satio | 114 | 105 | 118 | Amo tizatio of discou t (p emium) o debt, et | 1 | — | 1 | Amo tizatio of debt issua ce costs | 1 | 2 | 2 | Net (gai ) loss o sale of assets | — | — | (1 | ) | Results elati g to equity-accou ted i vestees | 4 | 3 | 1 | (Gai ) loss o equity secu ities, et | 2 | 1 | (1 | ) | Defe ed tax expe se (be efit) | (43 | ) | (13 | ) | (8 | ) | (I c ease) dec ease i eceivables a d othe cu e t assets | 11 | 14 | 54 | (I c ease) dec ease i i ve to ies | (39 | ) | (34 | ) | (96 | ) | I c ease (dec ease) i accou ts payable a d othe liabilities | 196 | (136 | ) | (219 | ) | (I c ease) dec ease i othe o -cu e t assets | (97 | ) | (48 | ) | (123 | ) | Excha ge diffe e ces | 11 | 3 | 8 | Othe items | 4 | (3 | ) | 2 | Pu chase of ide tified i ta gible assets | (36 | ) | (37 | ) | (23 | ) | Capital expe ditu es o p ope ty, pla t a d equipme t | (51 | ) | (69 | ) | (77 | ) | P oceeds f om the disposals of p ope ty, pla t a d equipme t | 1 | — | 1 | Pu chase of i te ests i busi esses, et of cash acqui ed | — | — | (11 | ) | Adva ce p oceeds elated to busi ess dispositio | 34 | — | — | I vestme t i sho t-te m deposits | 0 | — | (500 | ) | Pu chase of i vestme ts | (124 | ) | (132 | ) | (173 | ) | P oceeds f om the sale of i vestme ts | (1 | ) | 1 | — | Cash flows f om fi a ci g activities: | Repu chase of lo g-te m debt | — | (750 | ) | — | P oceeds f om the issua ce of lo g-te m debt | — | — | 1,498 | Cash paid fo debt issua ce costs | — | — | (8 | ) | P oceeds f om the issua ce of comme cial pape otes | — | — | 215 | Repayme t of comme cial pape otes | — | — | (950 | ) | Divide ds paid to o -co t olli g i te ests | (30 | ) | — | — | Divide ds paid to commo stockholde s | (256 | ) | (256 | ) | (256 | ) | P oceeds f om issua ce of commo stock th ough stock pla s | 34 | 1 | 38 | Pu chase of t easu y sha es a d est icted stock u it withholdi gs | (103 | ) | (104 | ) | (54 | ) | Othe , et | — | — | (1 | ) | Effect of cha ges i excha ge ates o cash positio s | (3 | ) | — | — | I c ease (dec ease) i cash a d cash equivale ts | Cash a d cash equivale ts at begi i g of pe iod | 3,222 | 3,708 | 3,170 |
| ($ i millio s except sha e data) | PPA Effects | (6 | ) | (5 | ) | (6 | ) | Rest uctu i g | 9 | — | — | Sha e-based compe satio | (14 | ) | (12 | ) | (15 | ) | Othe i cide tals | (17 | ) | (9 | ) | (2 | ) | No -GAAP G oss P ofit | $ | 2,217 | $ | 2,028 | $ | 1,810 | Rest uctu i g | (3 | ) | 4 | (1 | ) | Sha e-based compe satio | (53 | ) | (54 | ) | (57 | ) | Othe i cide tals | (2 | ) | (4 | ) | (2 | ) | No -GAAP Resea ch a d developme t | $ | (557 | ) | $ | (550 | ) | $ | (515 | ) | $ | (313 | ) | $ | (291 | ) | $ | (286 | ) | PPA effects | — | — | (1 | ) | Rest uctu i g | (1 | ) | 4 | (2 | ) | Sha e-based compe satio | (47 | ) | (39 | ) | (46 | ) | Othe i cide tals | (12 | ) | (12 | ) | (14 | ) | No -GAAP Selli g, ge e al a d admi ist ative | $ | (253 | ) | $ | (244 | ) | $ | (223 | ) | Othe i cide tals | (2 | ) | 1 | (1 | ) | No -GAAP Othe i come (expe se) | $ | (1 | ) | $ | (6 | ) | $ | (1 | ) | PPA effects | (36 | ) | (36 | ) | (38 | ) | Rest uctu i g | 5 | 8 | (3 | ) | Sha e-based compe satio | (114 | ) | (105 | ) | (118 | ) | Othe i cide tals | (33 | ) | (24 | ) | (19 | ) | No -GAAP Ope ati g i come (loss) | $ | 1,406 | $ | 1,228 | $ | 1,071 | Fo eig excha ge gai (loss) | (9 | ) | (5 | ) | (6 | ) | Othe fi a cial i come (expe se) | (3 | ) | (5 | ) | (1 | ) | No -GAAP Fi a cial i come (expe se) | $ | (85 | ) | $ | (87 | ) | $ | (91 | ) | I come tax effect | 9 | 16 | 25 | No -GAAP I come tax be efit (p ovisio ) | $ | (237 | ) | $ | (205 | ) | $ | (173 | ) | Results elati g to equity-accou ted i vestees, excludi g Fou d y i vestees1 | — | — | 1 | No -GAAP Results elati g to equity-accou ted i vestees | $ | (4 | ) | $ | (3 | ) | $ | (2 | ) | Less: Net i come (loss) att ibutable to o -co t olli g i te est | 15 | 15 | 15 | $ | 884 | $ | 767 | $ | 631 | PPA Effects | (36 | ) | (36 | ) | (38 | ) | Rest uctu i g | 5 | 8 | (3 | ) | Sha e-based compe satio | (114 | ) | (105 | ) | (118 | ) | Othe i cide tals | (33 | ) | (24 | ) | (19 | ) | Othe adjustme ts: | Adjustme ts to fi a cial i come (expe se) | (12 | ) | (10 | ) | (7 | ) | I come tax effect | 9 | 16 | 25 | Results elati g to equity-accou ted i vestees, excludi g Fou d y i vestees1 | — | — | 1 | No -GAAP Net i come (loss) att ibutable to stockholde s | $ | 1,065 | $ | 918 | $ | 790 | PPA Effects | (0.14 | ) | (0.14 | ) | (0.15 | ) | Rest uctu i g | 0.02 | 0.03 | (0.01 | ) | Sha e-based compe satio | (0.45 | ) | (0.41 | ) | (0.47 | ) | Othe i cide tals | (0.14 | ) | (0.09 | ) | (0.08 | ) | Othe adjustme ts: | Adjustme ts to fi a cial i come (expe se) | (0.05 | ) | (0.04 | ) | (0.02 | ) | I come tax effect | 0.04 | 0.06 | 0.10 | Results elati g to equity-accou ted i vestees, excludi g Fou d y i vestees1 | — | — | — | No -GAAP et i come (loss) pe commo sha e att ibutable to stockholde s – diluted | Additio al I fo matio : |
|
| ($ i millio s) | Fi a cial (i come) expe se | 97 | 97 | 98 | (Be efit) p ovisio fo i come taxes | 228 | 189 | 148 | Dep eciatio a d impai me t | 123 | 114 | 132 | Amo tizatio | 69 | 70 | 69 | Results of equity-accou ted i vestees, excludi g Fou d y i vestees1 | — | — | (1 | ) | Rest uctu i g | (5 | ) | (8 | ) | 3 | Sha e-based compe satio | 114 | 105 | 118 | Othe i cide tal items2 | 22 | 20 | 19 | Additio al I fo matio : | 1. Refe to Table 4 above fo fu the i fo matio ega di g the esults elati g to equity-accou ted i vestees. | 2. Excludi g dep eciatio a d impai me t o amo tizatio elati g to: | – othe i cide tal items | 11 | 4 | — | ($ i millio s) | Net capital expe ditu es o p ope ty, pla t a d equipme t | (50 | ) | (69 | ) | (76 | ) |
