UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
December 23, 2008
Commission File Number: 333-142287
NXP B.V.
(Exact name of registrant as specified in charter)
The Netherlands
(Jurisdiction of incorporation or organization)
60 High Tech Campus, 5656 AG, Eindhoven, The Netherlands
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
|
Form 20-F |
|
x |
|
Form 40-F |
|
o |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).
|
Yes |
|
o |
|
No |
|
x |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).
|
Yes |
|
o |
|
No |
|
x |
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
|
Yes |
|
o |
|
No |
|
x |
Name and address of person authorized to receive notices
and communications from the Securities and Exchange Commission
Dr. Jean A.W. Schreurs
60 High Tech Campus
5656 AG Eindhoven – The Netherlands
As previously reported, in July 2008 NXP B.V. (“NXP”) merged its wireless system chip business into ST-NXP Wireless. NXP retains a 20% interest in ST-NXP Wireless. NXP now provides supplemental financial information to its investors reflecting the deconsolidation of the wireless system chip business as though it had occurred on January 1, 2007, in order to assist our investors’ review of NXP’s current capital structure.
We have also attached as an exhibit actual historical information of NXP on a quarterly basis in condensed form for each of these periods covered by the pro forma financial information. Please note that this actual historical information does not constitute the full financial statements of NXP and should be read with and as supplemental to NXP’s financial statements previously supplied by NXP.
|
Exhibits |
|
|
|
|
|
|
|
1. |
|
Financial Information Excluding Wireless Operations |
|
|
|
|
|
2. |
|
Selected Historical Financial Information |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized at Eindhoven, on the 23rd day of December 2008.
NXP B.V.
|
|
/s/ Karl-Henrik Sundström |
|
|
|
Karl-Henrik Sundström |
|
|
(Chief Financial Officer, Member of the Board of Management) |
||
3
Exhibit 1
FINANCIAL INFORMATION EXCLUDING WIRELESS OPERATIONS
We announced on July 28, 2008 that NXP had finalized the formation of our joint venture with STMicroelectronics (“STM”), bringing the key wireless operations of both companies into ST-NXP Wireless. STM owns an 80% equity stake in the joint venture and we own the remaining 20%. As a result of this transaction, we have ceased to consolidate the wireless operations disposed of into the joint venture (“NXP Wireless Operations”), and have accounted for our 20% investment in such joint venture using the equity method of accounting. STM has a call option over the remaining 20% of the joint venture.
Set out below are unaudited statements of operations for the year ended December 31, 2007 and for the nine months ended September 30, 2008 that present our operations as if the deconsolidation of the wireless business had taken place as of January 1, 2007.
Unaudited Condensed Consolidated Statement of Operations
For the year ended December 31, 2007
(All amounts stated in US $ millions)
|
|
|
Historical (a) |
|
NXP Wireless |
|
Excluding NXP |
|
|
Total Sales |
|
6,321 |
|
(1,457 |
) |
4,864 |
|
|
Cost of Sales |
|
(4,276 |
) |
899 |
|
(3,377 |
) |
|
Gross margin |
|
2,045 |
|
(558 |
) |
1,487 |
|
|
Selling expenses |
|
(425 |
) |
79 |
|
(346 |
) |
|
General and administrative expenses |
|
(1,189 |
) |
220 |
|
(969 |
) |
|
Research and development expenses |
|
(1,343 |
) |
376 |
|
(967 |
) |
|
Other business income (expense) |
|
134 |
|
(1 |
) |
133 |
|
|
Income (loss) from operations (EBIT) |
|
(778 |
) |
116 |
|
(662 |
) |
|
Financial income and expenses |
|
(181 |
) |
— |
|
(181 |
) |
|
Income (loss) before taxes |
|
(959 |
) |
116 |
|
(843 |
) |
|
Income tax (expense) benefit |
|
396 |
|
(30 |
)(c) |
366 |
|
|
Income (loss) after taxes |
|
(563 |
) |
86 |
|
(477 |
) |
|
Results relating to unconsolidated companies |
|
(40 |
) |
(23 |
) |
(63 |
) |
|
Minority interests |
|
(47 |
) |
— |
|
(47 |
) |
|
Net Income (Loss) |
|
(650 |
) |
63 |
|
(587 |
) |
4
Unaudited Condensed Consolidated Statement of Operations
For the nine months ended September 30, 2008
(All amounts stated in US $ millions)
|
|
|
Historical (a) |
|
NXP Wireless |
|
Excluding NXP |
|
|
Total Sales |
|
4,417 |
|
(792 |
) |
3,625 |
|
|
Cost of Sales |
|
(3,385 |
) |
512 |
|
(2,873 |
) |
|
Gross margin |
|
1,032 |
|
(280 |
) |
752 |
|
|
Selling expenses |
|
(328 |
) |
67 |
|
(261 |
) |
|
General and administrative expenses |
|
(1,711 |
) |
181 |
|
(1,530 |
) |
|
Research and development expenses |
|
(1,033 |
) |
315 |
|
(718 |
) |
|
Other business income (expense) |
|
(348 |
) |
(16 |
) |
(364 |
) |
|
Income (loss) from operations (EBIT) |
|
(2,388 |
) |
267 |
|
(2,121 |
) |
|
Financial income and expenses |
|
(439 |
) |
— |
|
(439 |
) |
|
Income (loss) before taxes |
|
(2,827 |
) |
267 |
|
(2,560 |
) |
|
Income tax (expense) benefit |
|
(78 |
) |
(68 |
)(c) |
(146 |
) |
|
Income (loss) after taxes |
|
(2,905 |
) |
199 |
|
(2,706 |
) |
|
Results relating to unconsolidated companies |
|
(20 |
) |
(53 |
) |
(73 |
) |
|
Minority interests |
|
(30 |
) |
— |
|
(30 |
) |
|
Net Income (Loss) |
|
(2,955 |
) |
146 |
|
(2,809 |
) |
(a) Represents our consolidated historical results. In 2008 we began reporting our financial results in US dollars and as a result we have restated our historical results for the year ended December 31, 2007 to US dollars for comparison purposes.
(b) This represents the deconsolidation of historical results of the NXP Wireless Operations based on internal reporting and is adjusted to reflect NXP’s remaining 20% equity interest in STM. This may not be consistent with the results that would be reflected on a pro forma financial statement prepared in accordance with Article 11 of Regulation S-X.
(c) This represents income taxes based on underlying statutory rates, and may not be indicative of our actual tax rate associated with the wireless business.
5
Exhibit 2
CONSOLIDATING INCOME STATEMENT
PERIOD: July - September 2008
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
946 |
|
387 |
|
1,333 |
|
41 |
|
— |
|
1,374 |
|
|
Intercompany sales |
|
— |
|
261 |
|
115 |
|
376 |
|
72 |
|
(448 |
) |
— |
|
|
Total sales |
|
— |
|
1,207 |
|
502 |
|
1,709 |
|
113 |
|
(448 |
) |
1,374 |
|
|
Cost of sales |
|
(94 |
) |
(1,178 |
) |
(452 |
) |
(1,724 |
) |
(92 |
) |
411 |
|
(1,405 |
) |
|
Gross margin |
|
(94 |
) |
29 |
|
50 |
|
(15 |
) |
21 |
|
(37 |
) |
(31 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(90 |
) |
(34 |
) |
(124 |
) |
— |
|
14 |
|
(110 |
) |
|
General and administrative expenses |
|
(858 |
) |
(222 |
) |
(12 |
) |
(1,092 |
) |
— |
|
3 |
|
(1,089 |
) |
|
Research and development expenses |
|
3 |
|
(251 |
) |
(92 |
) |
(340 |
) |
— |
|
19 |
|
(321 |
) |
|
Write-off of acquired in-process R&D |
|
(8 |
) |
— |
|
— |
|
(8 |
) |
— |
|
— |
|
(8 |
) |
|
Other business income (expense) |
|
(1,441 |
) |
736 |
|
329 |
|
(376 |
) |
(3 |
) |
1 |
|
(378 |
) |
|
Income (loss) from operations (EBIT) |
|
(2,398 |
) |
202 |
|
241 |
|
(1,955 |
) |
18 |
|
— |
|
(1,937 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
(271 |
) |
(60 |
) |
6 |
|
(325 |
) |
1 |
|
— |
|
(324 |
) |
|
Income (loss) subsidiaries |
|
57 |
|
— |
|
— |
|
57 |
|
— |
|
(57 |
) |
— |
|
|
Income (loss) before taxes |
|
(2,612 |
) |
142 |
|
247 |
|
(2,223 |
) |
19 |
|
(57 |
) |
(2,261 |
) |
|
Income tax (expense) benefit |
|
74 |
|
(278 |
) |
(66 |
) |
(270 |
) |
— |
|
— |
|
(270 |
) |
|
Income (loss) after taxes |
|
(2,538 |
) |
(136 |
) |
181 |
|
(2,493 |
) |
19 |
|
(57 |
) |
(2,531 |
) |
|
Results relating to unconsolidated companies |
|
(9 |
) |
— |
|
— |
|
(9 |
) |
— |
|
— |
|
(9 |
) |
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(7 |
) |
— |
|
(7 |
) |
|
Net Income (Loss) |
|
(2,547 |
) |
(136 |
) |
181 |
|
(2,502 |
) |
12 |
|
(57 |
) |
(2,547 |
) |
CONSOLIDATING INCOME STATEMENT
PERIOD: April-June 2008
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
Guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
1,059 |
|
434 |
|
1,493 |
|
31 |
|
— |
|
1,524 |
|
|
Intercompany sales |
|
— |
|
355 |
|
105 |
|
460 |
|
84 |
|
(544 |
) |
— |
|
|
Total sales |
|
— |
|
1,414 |
|
539 |
|
1,953 |
|
115 |
|
(544 |
) |
1,524 |
|
|
Cost of sales |
|
(24 |
) |
(937 |
) |
(467 |
) |
(1,428 |
) |
(85 |
) |
496 |
|
(1,017 |
) |
|
Gross margin |
|
(24 |
) |
477 |
|
72 |
|
525 |
|
30 |
|
(48 |
) |
507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(92 |
) |
(44 |
) |
(136 |
) |
— |
|
25 |
|
(111 |
) |
|
General and administrative expenses |
|
(167 |
) |
(143 |
) |
(20 |
) |
(330 |
) |
— |
|
3 |
|
(327 |
) |
|
Research and development expenses |
|
— |
|
(231 |
) |
(135 |
) |
(366 |
) |
— |
|
21 |
|
(345 |
) |
|
Write-off of acquired in-process R&D |
|
(1 |
) |
— |
|
— |
|
(1 |
) |
— |
|
— |
|
(1 |
) |
|
Other business income (expense) |
|
(64 |
) |
(103 |
) |
164 |
|
(3 |
) |
(3 |
) |
(1 |
) |
(7 |
) |
|
Income (loss) from operations (EBIT) |
|
(256 |
) |
(92 |
) |
37 |
|
(311 |
) |
27 |
|
— |
|
(284 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
(102 |
) |
(68 |
) |
(5 |
) |
(175 |
) |
1 |
|
— |
|
(174 |
) |
|
Income (loss) subsidiaries |
|
(13 |
) |
— |
|
— |
|
(13 |
) |
— |
|
13 |
|
— |
|
|
Income (loss) before taxes |
|
(371 |
) |
(160 |
) |
32 |
|
(499 |
) |
28 |
|
13 |
|
(458 |
) |
|
Income tax (expense) benefit |
|
48 |
|
97 |
|
1 |
|
146 |
|
— |
|
— |
|
146 |
|
|
Income (loss) after taxes |
|
(323 |
) |
(63 |
) |
33 |
|
(353 |
) |
28 |
|
13 |
|
(312 |
) |
|
Results relating to unconsolidated companies |
|
(7 |
) |
— |
|
— |
|
(7 |
) |
— |
|
— |
|
(7 |
) |
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(11 |
) |
— |
|
(11 |
) |
|
Net Income (Loss) |
|
(330 |
) |
(63 |
) |
33 |
|
(360 |
) |
17 |
|
13 |
|
(330 |
) |
6
CONSOLIDATING INCOME STATEMENT
PERIOD: January - March 2008
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
1,103 |
|
375 |
|
1,478 |
|
41 |
|
— |
|
1,519 |
|
|
Intercompany sales |
|
— |
|
339 |
|
101 |
|
440 |
|
90 |
|
(530 |
) |
— |
|
|
Total sales |
|
— |
|
1,442 |
|
476 |
|
1,918 |
|
131 |
|
(530 |
) |
1,519 |
|
|
Cost of sales |
|
(19 |
) |
(925 |
) |
(416 |
) |
(1,360 |
) |
(99 |
) |
496 |
|
(963 |
) |
|
Gross margin |
|
(19 |
) |
517 |
|
60 |
|
558 |
|
32 |
|
(34 |
) |
556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(81 |
) |
(35 |
) |
(116 |
) |
— |
|
9 |
|
(107 |
) |
|
General and administrative expenses |
|
(159 |
) |
(117 |
) |
(22 |
) |
(298 |
) |
— |
|
3 |
|
(295 |
) |
|
Research and development expenses |
|
— |
|
(231 |
) |
(137 |
) |
(368 |
) |
— |
|
22 |
|
(346 |
) |
|
Write-off of acquired in-process R&D |
|
(12 |
) |
— |
|
— |
|
(12 |
) |
— |
|
— |
|
(12 |
) |
|
Other business income (expense) |
|
9 |
|
(131 |
) |
162 |
|
40 |
|
(3 |
) |
— |
|
37 |
|
|
Income (loss) from operations (EBIT) |
|
(181 |
) |
(43 |
) |
28 |
|
(196 |
) |
29 |
|
— |
|
(167 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
120 |
|
(59 |
) |
(4 |
) |
57 |
|
2 |
|
— |
|
59 |
|
|
Income (loss) subsidiaries |
|
(60 |
) |
— |
|
— |
|
(60 |
) |
— |
|
60 |
|
— |
|
|
Income (loss) before taxes |
|
(121 |
) |
(102 |
) |
24 |
|
(199 |
) |
31 |
|
60 |
|
(108 |
) |
|
Income tax (expense) benefit |
|
47 |
|
5 |
|
(6 |
) |
46 |
|
— |
|
— |
|
46 |
|
|
Income (loss) after taxes |
|
(74 |
) |
(97 |
) |
18 |
|
(153 |
) |
31 |
|
60 |
|
(62 |
) |
|
Results relating to unconsolidated companies |
|
(4 |
) |
— |
|
— |
|
(4 |
) |
— |
|
— |
|
(4 |
) |
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(12 |
) |
— |
|
(12 |
) |
|
Net Income (Loss) |
|
(78 |
) |
(97 |
) |
18 |
|
(157 |
) |
19 |
|
60 |
|
(78 |
) |
CONSOLIDATING INCOME STATEMENT
PERIOD: October-December 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
1,219 |
|
413 |
|
1,632 |
|
46 |
|
— |
|
1,678 |
|
|
Intercompany sales |
|
— |
|
352 |
|
127 |
|
479 |
|
91 |
|
(570 |
) |
— |
|
|
Total sales |
|
— |
|
1,571 |
|
540 |
|
2,111 |
|
137 |
|
(570 |
) |
1,678 |
|
|
Cost of sales |
|
(33 |
) |
(951 |
) |
(502 |
) |
(1,486 |
) |
(95 |
) |
539 |
|
(1,042 |
) |
|
Gross margin |
|
(33 |
) |
620 |
|
38 |
|
625 |
|
42 |
|
(31 |
) |
636 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(80 |
) |
(28 |
) |
(108 |
) |
— |
|
1 |
|
(107 |
) |
|
General and administrative expenses |
|
(153 |
) |
(138 |
) |
(22 |
) |
(313 |
) |
— |
|
(1 |
) |
(314 |
) |
|
Research and development expenses |
|
— |
|
(233 |
) |
(159 |
) |
(392 |
) |
— |
|
30 |
|
(362 |
) |
|
Write-off of acquired in-process R&D |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Other business income (expense) |
|
(3 |
) |
(134 |
) |
141 |
|
4 |
|
(3 |
) |
1 |
|
2 |
|
|
Income (loss) from operations (EBIT) |
|
(189 |
) |
35 |
|
(30 |
) |
(184 |
) |
39 |
|
— |
|
(145 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
40 |
|
(72 |
) |
(8 |
) |
(40 |
) |
2 |
|
— |
|
(38 |
) |
|
Income (loss) subsidiaries |
|
11 |
|
— |
|
— |
|
11 |
|
— |
|
(11 |
) |
— |
|
|
Income (loss) before taxes |
|
(138 |
) |
(37 |
) |
(38 |
) |
(213 |
) |
41 |
|
(11 |
) |
(183 |
) |
|
Income tax (expense) benefit |
|
240 |
|
(28 |
) |
89 |
|
301 |
|
— |
|
— |
|
301 |
|
|
Income (loss) after taxes |
|
102 |
|
(65 |
) |
51 |
|
88 |
|
41 |
|
(11 |
) |
118 |
|
|
Results relating to unconsolidated companies |
|
(33 |
) |
— |
|
— |
|
(33 |
) |
— |
|
— |
|
(33 |
) |
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(16 |
) |
— |
|
(16 |
) |
|
Net Income (Loss) |
|
69 |
|
(65 |
) |
51 |
|
55 |
|
25 |
|
(11 |
) |
69 |
|
7
CONSOLIDATING INCOME STATEMENT
PERIOD: July-September 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
1,237 |
|
371 |
|
1,608 |
|
36 |
|
— |
|
1,644 |
|
|
Intercompany sales |
|
— |
|
300 |
|
143 |
|
443 |
|
97 |
|
(540 |
) |
— |
|
|
Total sales |
|
— |
|
1,537 |
|
514 |
|
2,051 |
|
133 |
|
(540 |
) |
1,644 |
|
|
Cost of sales |
|
(38 |
) |
(964 |
) |
(472 |
) |
(1,474 |
) |
(93 |
) |
531 |
|
(1,036 |
) |
|
Gross margin |
|
(38 |
) |
573 |
|
42 |
|
577 |
|
40 |
|
(9 |
) |
608 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(65 |
) |
(31 |
) |
(96 |
) |
— |
|
2 |
|
(94 |
) |
|
General and administrative expenses |
|
(164 |
) |
(122 |
) |
(20 |
) |
(306 |
) |
— |
|
1 |
|
(305 |
) |
|
Research and development expenses |
|
— |
|
(208 |
) |
(130 |
) |
(338 |
) |
— |
|
7 |
|
(331 |
) |
|
Write-off of acquired in-process R&D |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Other business income (expense) |
|
13 |
|
(84 |
) |
194 |
|
123 |
|
(3 |
) |
(1 |
) |
119 |
|
|
Income (loss) from operations (EBIT) |
|
(189 |
) |
94 |
|
55 |
|
(40 |
) |
37 |
|
— |
|
(3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
97 |
|
(41 |
) |
(7 |
) |
49 |
|
3 |
|
— |
|
52 |
|
|
Income (loss) subsidiaries |
|
74 |
|
— |
|
— |
|
74 |
|
— |
|
(74 |
) |
— |
|
|
Income (loss) before taxes |
|
(18 |
) |
53 |
|
48 |
|
83 |
|
40 |
|
(74 |
) |
49 |
|
|
Income tax (expense) benefit |
|
12 |
|
(41 |
) |
(11 |
) |
(40 |
) |
— |
|
— |
|
(40 |
) |
|
Income (loss) after taxes |
|
(6 |
) |
12 |
|
37 |
|
43 |
|
40 |
|
(74 |
) |
9 |
|
|
Results relating to unconsolidated companies |
|
(6 |
) |
— |
|
— |
|
(6 |
) |
— |
|
— |
|
(6 |
) |
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(15 |
) |
— |
|
(15 |
) |
|
Net Income (Loss) |
|
(12 |
) |
12 |
|
37 |
|
37 |
|
25 |
|
(74 |
) |
(12 |
) |
CONSOLIDATING INCOME STATEMENT
PERIOD: April-June 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
1,119 |
|
376 |
|
1,495 |
|
43 |
|
— |
|
1,538 |
|
|
Intercompany sales |
|
— |
|
357 |
|
116 |
|
473 |
|
77 |
|
(550 |
) |
— |
|
|
Total sales |
|
— |
|
1,476 |
|
492 |
|
1,968 |
|
120 |
|
(550 |
) |
1,538 |
|
|
Cost of sales |
|
(39 |
) |
(1,075 |
) |
(500 |
) |
(1,614 |
) |
(92 |
) |
522 |
|
(1,184 |
) |
|
Gross margin |
|
(39 |
) |
401 |
|
(8 |
) |
354 |
|
28 |
|
(28 |
) |
354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(83 |
) |
(29 |
) |
(112 |
) |
— |
|
1 |
|
(111 |
) |
|
General and administrative expenses |
|
(164 |
) |
(106 |
) |
(24 |
) |
(294 |
) |
— |
|
1 |
|
(293 |
) |
|
Research and development expenses |
|
— |
|
(207 |
) |
(133 |
) |
(340 |
) |
— |
|
26 |
|
(314 |
) |
|
Write-off of acquired in-process R&D |
|
19 |
|
— |
|
— |
|
19 |
|
— |
|
— |
|
19 |
|
|
Other business income (expense) |
|
(50 |
) |
(107 |
) |
166 |
|
9 |
|
(3 |
) |
— |
|
6 |
|
|
Income (loss) from operations (EBIT) |
|
(234 |
) |
(102 |
) |
(28 |
) |
(364 |
) |
25 |
|
— |
|
(339 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
(48 |
) |
(52 |
) |
(4 |
) |
(104 |
) |
1 |
|
— |
|
(103 |
) |
|
Income (loss) subsidiaries |
|
(93 |
) |
— |
|
— |
|
(93 |
) |
— |
|
93 |
|
— |
|
|
Income (loss) before taxes |
|
(375 |
) |
(154 |
) |
(32 |
) |
(561 |
) |
26 |
|
93 |
|
(442 |
) |
|
Income tax (expense) benefit |
|
17 |
|
82 |
|
(5 |
) |
94 |
|
— |
|
— |
|
94 |
|
|
Income (loss) after taxes |
|
(358 |
) |
(72 |
) |
(37 |
) |
(467 |
) |
26 |
|
93 |
|
(348 |
) |
|
Results relating to unconsolidated companies |
|
(1 |
) |
— |
|
— |
|
(1 |
) |
— |
|
— |
|
(1 |
) |
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(10 |
) |
— |
|
(10 |
) |
|
Net Income (Loss) |
|
(359 |
) |
(72 |
) |
(37 |
) |
(468 |
) |
16 |
|
93 |
|
(359 |
) |
8
CONSOLIDATING INCOME STATEMENT
PERIOD: January - March 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
Guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
1,068 |
|
353 |
|
1,421 |
|
40 |
|
— |
|
1,461 |
|
|
Intercompany sales |
|
— |
|
326 |
|
91 |
|
417 |
|
66 |
|
(483 |
) |
— |
|
|
Total sales |
|
— |
|
1,394 |
|
444 |
|
1,838 |
|
106 |
|
(483 |
) |
1,461 |
|
|
Cost of sales |
|
(33 |
) |
(918 |
) |
(435 |
) |
(1,386 |
) |
(96 |
) |
468 |
|
(1,014 |
) |
|
Gross margin |
|
(33 |
) |
476 |
|
9 |
|
452 |
|
10 |
|
(15 |
) |
447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(87 |
) |
(27 |
) |
(114 |
) |
— |
|
1 |
|
(113 |
) |
|
General and administrative expenses |
|
(157 |
) |
(101 |
) |
(19 |
) |
(277 |
) |
— |
|
— |
|
(277 |
) |
|
Research and development expenses |
|
— |
|
(204 |
) |
(131 |
) |
(335 |
) |
— |
|
14 |
|
(321 |
) |
|
Write-off of acquired in-process R&D |
|
(34 |
) |
— |
|
— |
|
(34 |
) |
— |
|
— |
|
(34 |
) |
|
Other business income (expense) |
|
(20 |
) |
(132 |
) |
158 |
|
6 |
|
1 |
|
— |
|
7 |
|
|
Income (loss) from operations (EBIT) |
|
(244 |
) |
(48 |
) |
(10 |
) |
(302 |
) |
11 |
|
— |
|
(291 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
(31 |
) |
(55 |
) |
(7 |
) |
(93 |
) |
1 |
|
— |
|
(92 |
) |
|
Income (loss) subsidiaries |
|
(77 |
) |
— |
|
— |
|
(77 |
) |
— |
|
77 |
|
— |
|
|
Income (loss) before taxes |
|
(352 |
) |
(103 |
) |
(17 |
) |
(472 |
) |
12 |
|
77 |
|
(383 |
) |
|
Income tax (expense) benefit |
|
4 |
|
42 |
|
(4 |
) |
42 |
|
(1 |
) |
— |
|
41 |
|
|
Income (loss) after taxes |
|
(348 |
) |
(61 |
) |
(21 |
) |
(430 |
) |
11 |
|
77 |
|
(342 |
) |
|
Results relating to unconsolidated companies |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(6 |
) |
— |
|
(6 |
) |
|
Net Income (loss) |
|
(348 |
) |
(61 |
) |
(21 |
) |
(430 |
) |
5 |
|
77 |
|
(348 |
) |
CONSOLIDATING INCOME STATEMENT
PERIOD: January - September 2008
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
3,108 |
|
1,196 |
|
4,304 |
|
113 |
|
— |
|
4,417 |
|
|
Intercompany sales |
|
— |
|
955 |
|
322 |
|
1,277 |
|
245 |
|
(1,522 |
) |
— |
|
|
Total sales |
|
— |
|
4,063 |
|
1,518 |
|
5,581 |
|
358 |
|
(1,522 |
) |
4,417 |
|
|
Cost of sales |
|
(137 |
) |
(3,040 |
) |
(1,336 |
) |
(4,513 |
) |
(275 |
) |
1,403 |
|
(3,385 |
) |
|
Gross margin |
|
(137 |
) |
1,023 |
|
182 |
|
1,068 |
|
83 |
|
(119 |
) |
1,032 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(263 |
) |
(113 |
) |
(376 |
) |
— |
|
48 |
|
(328 |
) |
|
General and administrative expenses |
|
(1,184 |
) |
(482 |
) |
(54 |
) |
(1,720 |
) |
— |
|
9 |
|
(1,711 |
) |
|
Research and development expenses |
|
3 |
|
(713 |
) |
(364 |
) |
(1,074 |
) |
— |
|
62 |
|
(1,012 |
) |
|
Write-off of acquired in-process R&D |
|
(21 |
) |
— |
|
— |
|
(21 |
) |
— |
|
— |
|
(21 |
) |
|
Other business income (expense) |
|
(1,496 |
) |
502 |
|
654 |
|
(340 |
) |
(8 |
) |
— |
|
(348 |
) |
|
Income (loss) from operations (EBIT) |
|
(2,835 |
) |
67 |
|
305 |
|
(2,463 |
) |
75 |
|
— |
|
(2,388 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
(253 |
) |
(187 |
) |
(3 |
) |
(443 |
) |
4 |
|
— |
|
(439 |
) |
|
Income (loss) subsidiaries |
|
(16 |
) |
— |
|
— |
|
(16 |
) |
— |
|
16 |
|
— |
|
|
Income (loss) before taxes |
|
(3,104 |
) |
(120 |
) |
302 |
|
(2,922 |
) |
79 |
|
16 |
|
(2,827 |
) |
|
Income tax (expense) benefit |
|
169 |
|
(176 |
) |
(70 |
) |
(77 |
) |
(1 |
) |
— |
|
(78 |
) |
|
Income (loss) after taxes |
|
(2,935 |
) |
(296 |
) |
232 |
|
(2,999 |
) |
78 |
|
16 |
|
(2,905 |
) |
|
Results relating to unconsolidated companies |
|
(20 |
) |
— |
|
— |
|
(20 |
) |
— |
|
— |
|
(20 |
) |
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(30 |
) |
— |
|
(30 |
) |
|
Net Income (loss) |
|
(2,955 |
) |
(296 |
) |
232 |
|
(3,019 |
) |
48 |
|
16 |
|
(2,955 |
) |
9
CONSOLIDATING INCOME STATEMENT
PERIOD: January - June 2008
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
2,162 |
|
809 |
|
2,971 |
|
72 |
|
— |
|
3,043 |
|
|
Intercompany sales |
|
— |
|
694 |
|
207 |
|
901 |
|
173 |
|
(1,074 |
) |
— |
|
|
Total sales |
|
— |
|
2,856 |
|
1,016 |
|
3,872 |
|
245 |
|
(1,074 |
) |
3,043 |
|
|
Cost of sales |
|
(43 |
) |
(1,862 |
) |
(884 |
) |
(2,789 |
) |
(183 |
) |
992 |
|
(1,980 |
) |
|
Gross margin |
|
(43 |
) |
994 |
|
132 |
|
1,083 |
|
62 |
|
(82 |
) |
1,063 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(173 |
) |
(79 |
) |
(252 |
) |
— |
|
34 |
|
(218 |
) |
|
General and administrative expenses |
|
(326 |
) |
(260 |
) |
(42 |
) |
(628 |
) |
— |
|
6 |
|
(622 |
) |
|
Research and development expenses |
|
— |
|
(462 |
) |
(272 |
) |
(734 |
) |
— |
|
43 |
|
(691 |
) |
|
Write-off of acquired in-process R&D |
|
(13 |
) |
— |
|
— |
|
(13 |
) |
— |
|
— |
|
(13 |
) |
|
Other business income (expense) |
|
(55 |
) |
(234 |
) |
326 |
|
37 |
|
(6 |
) |
(1 |
) |
30 |
|
|
Income (loss) from operations (EBIT) |
|
(437 |
) |
(135 |
) |
65 |
|
(507 |
) |
56 |
|
— |
|
(451 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
18 |
|
(127 |
) |
(9 |
) |
(118 |
) |
3 |
|
— |
|
(115 |
) |
|
Income (loss) subsidiaries |
|
(73 |
) |
— |
|
— |
|
(73 |
) |
— |
|
73 |
|
— |
|
|
Income (loss) before taxes |
|
(492 |
) |
(262 |
) |
56 |
|
(698 |
) |
59 |
|
73 |
|
(566 |
) |
|
Income tax (expense) benefit |
|
95 |
|
102 |
|
(5 |
) |
192 |
|
— |
|
— |
|
192 |
|
|
Income (loss) after taxes |
|
(397 |
) |
(160 |
) |
51 |
|
(506 |
) |
59 |
|
73 |
|
(374 |
) |
|
Results relating to unconsolidated companies |
|
(11 |
) |
— |
|
— |
|
(11 |
) |
— |
|
— |
|
(11 |
) |
|
Minority interests |
|
— |
|
|
|
— |
|
— |
|
(23 |
) |
— |
|
(23 |
) |
|
Net Income (loss) |
|
(408 |
) |
(160 |
) |
51 |
|
(517 |
) |
36 |
|
73 |
|
(408 |
) |
10
CONSOLIDATING INCOME STATEMENT
PERIOD: January - December 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
4,643 |
|
1,513 |
|
6,156 |
|
165 |
|
— |
|
6,321 |
|
|
Intercompany sales |
|
— |
|
1,335 |
|
477 |
|
1,812 |
|
331 |
|
(2,143 |
) |
— |
|
|
Total sales |
|
— |
|
5,978 |
|
1,990 |
|
7,968 |
|
496 |
|
(2,143 |
) |
6,321 |
|
|
Cost of sales |
|
(143 |
) |
(3,908 |
) |
(1,910 |
) |
(5,961 |
) |
(375 |
) |
2,060 |
|
(4,276 |
) |
|
Gross margin |
|
(143 |
) |
2,070 |
|
80 |
|
2,007 |
|
121 |
|
(83 |
) |
2,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(315 |
) |
(115 |
) |
(430 |
) |
— |
|
5 |
|
(425 |
) |
|
General and administrative expenses |
|
(638 |
) |
(467 |
) |
(85 |
) |
(1,190 |
) |
— |
|
1 |
|
(1,189 |
) |
|
Research and development expenses |
|
|
|
(852 |
) |
(553 |
) |
(1,405 |
) |
— |
|
77 |
|
(1,328 |
) |
|
Write-off of acquired in-process R&D |
|
(15 |
) |
— |
|
— |
|
(15 |
) |
— |
|
— |
|
(15 |
) |
|
Other business income (expense) |
|
(60 |
) |
(457 |
) |
660 |
|
143 |
|
(9 |
) |
— |
|
134 |
|
|
Income (loss) from operations (EBIT) |
|
(856 |
) |
(21 |
) |
(13 |
) |
(890 |
) |
112 |
|
— |
|
(778 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
58 |
|
(220 |
) |
(26 |
) |
(188 |
) |
7 |
|
— |
|
(181 |
) |
|
Income (loss) subsidiaries |
|
(85 |
) |
— |
|
— |
|
(85 |
) |
— |
|
85 |
|
— |
|
|
Income (loss) before taxes |
|
(883 |
) |
(241 |
) |
(39 |
) |
(1,163 |
) |
119 |
|
85 |
|
(959 |
) |
|
Income tax (expense) benefit |
|
273 |
|
55 |
|
69 |
|
397 |
|
(1 |
) |
— |
|
396 |
|
|
Income (loss) after taxes |
|
(610 |
) |
(186 |
) |
30 |
|
(766 |
) |
118 |
|
85 |
|
(563 |
) |
|
Results relating to unconsolidated companies |
|
(40 |
) |
— |
|
— |
|
(40 |
) |
— |
|
— |
|
(40 |
) |
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(47 |
) |
— |
|
(47 |
) |
|
Net Income (Loss) |
|
(650 |
) |
(186 |
) |
30 |
|
(806 |
) |
71 |
|
85 |
|
(650 |
) |
CONSOLIDATING INCOME STATEMENT
PERIOD: January - September 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
3,424 |
|
1,100 |
|
4,524 |
|
119 |
|
— |
|
4,643 |
|
|
Intercompany sales |
|
— |
|
983 |
|
350 |
|
1,333 |
|
240 |
|
(1,573 |
) |
— |
|
|
Total sales |
|
— |
|
4,407 |
|
1,450 |
|
5,857 |
|
359 |
|
(1,573 |
) |
4,643 |
|
|
Cost of sales |
|
(110 |
) |
(2,957 |
) |
(1,408 |
) |
(4,475 |
) |
(280 |
) |
1,521 |
|
(3,234 |
) |
|
Gross margin |
|
(110 |
) |
1,450 |
|
42 |
|
1,382 |
|
79 |
|
(52 |
) |
1,409 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(235 |
) |
(87 |
) |
(322 |
) |
— |
|
4 |
|
(318 |
) |
|
General and administrative expenses |
|
(485 |
) |
(329 |
) |
(63 |
) |
(877 |
) |
— |
|
2 |
|
(875 |
) |
|
Research and development expenses |
|
— |
|
(619 |
) |
(394 |
) |
(1,013 |
) |
— |
|
47 |
|
(966 |
) |
|
Write-off of acquired in-process R&D |
|
(15 |
) |
— |
|
— |
|
(15 |
) |
— |
|
— |
|
(15 |
) |
|
Other business income (expense) |
|
(57 |
) |
(323 |
) |
519 |
|
139 |
|
(6 |
) |
(1 |
) |
132 |
|
|
Income (loss) from operations ( EBIT ) |
|
(667 |
) |
(56 |
) |
17 |
|
(706 |
) |
73 |
|
— |
|
(633 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
18 |
|
(148 |
) |
(18 |
) |
(148 |
) |
5 |
|
— |
|
(143 |
) |
|
Income (loss) subsidiaries |
|
(96 |
) |
— |
|
— |
|
(96 |
) |
— |
|
96 |
|
— |
|
|
Income (loss) before taxes |
|
(745 |
) |
(204 |
) |
(1 |
) |
(950 |
) |
78 |
|
96 |
|
(776 |
) |
|
Income tax (expense) benefit |
|
33 |
|
83 |
|
(20 |
) |
96 |
|
(1 |
) |
— |
|
95 |
|
|
Income (loss) after taxes |
|
(712 |
) |
(121 |
) |
(21 |
) |
(854 |
) |
77 |
|
96 |
|
(681 |
) |
|
Results relating to unconsolidated companies |
|
(7 |
) |
— |
|
— |
|
(7 |
) |
— |
|
— |
|
(7 |
) |
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(31 |
) |
— |
|
(31 |
) |
|
Net Income (Loss) |
|
(719 |
) |
(121 |
) |
(21 |
) |
(861 |
) |
46 |
|
96 |
|
(719 |
) |
11
CONSOLIDATING INCOME STATEMENT
PERIOD: January - June 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Total |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
restricted |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
— |
|
2,187 |
|
729 |
|
2,916 |
|
83 |
|
— |
|
2,999 |
|
|
Intercompany sales |
|
— |
|
683 |
|
207 |
|
890 |
|
143 |
|
(1,033 |
) |
— |
|
|
Total sales |
|
— |
|
2,870 |
|
936 |
|
3,806 |
|
226 |
|
(1,033 |
) |
2,999 |
|
|
Cost of sales |
|
(72 |
) |
(1,993 |
) |
(935 |
) |
(3,000 |
) |
(188 |
) |
990 |
|
(2,198 |
) |
|
Gross margin |
|
(72 |
) |
877 |
|
1 |
|
806 |
|
38 |
|
(43 |
) |
801 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling expenses |
|
— |
|
(170 |
) |
(56 |
) |
(226 |
) |
— |
|
2 |
|
(224 |
) |
|
General and administrative expenses |
|
(321 |
) |
(207 |
) |
(43 |
) |
(571 |
) |
— |
|
1 |
|
(570 |
) |
|
Research and development expenses |
|
— |
|
(411 |
) |
(264 |
) |
(675 |
) |
— |
|
40 |
|
(635 |
) |
|
Write-off of acquired in-process R&D |
|
(15 |
) |
— |
|
— |
|
(15 |
) |
— |
|
— |
|
(15 |
) |
|
Other business income (expense) |
|
(70 |
) |
(239 |
) |
324 |
|
15 |
|
(2 |
) |
— |
|
13 |
|
|
Income (loss) from operations ( EBIT ) |
|
(478 |
) |
(150 |
) |
(38 |
) |
(666 |
) |
36 |
|
— |
|
(630 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial income and expenses |
|
(79 |
) |
(107 |
) |
(11 |
) |
(197 |
) |
2 |
|
— |
|
(195 |
) |
|
Income (loss) subsidiaries |
|
(170 |
) |
— |
|
— |
|
(170 |
) |
— |
|
170 |
|
— |
|
|
Income (loss) before taxes |
|
(727 |
) |
(257 |
) |
(49 |
) |
(1,033 |
) |
38 |
|
170 |
|
(825 |
) |
|
Income tax (expense) benefit |
|
21 |
|
124 |
|
(9 |
) |
136 |
|
(1 |
) |
— |
|
135 |
|
|
Income (loss) after taxes |
|
(706 |
) |
(133 |
) |
(58 |
) |
(897 |
) |
37 |
|
170 |
|
(690 |
) |
|
Results relating to unconsolidated companies |
|
(1 |
) |
— |
|
— |
|
(1 |
) |
— |
|
— |
|
(1 |
) |
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
(16 |
) |
— |
|
(16 |
) |
|
Net Income (Loss) |
|
(707 |
) |
(133 |
) |
(58 |
) |
(898 |
) |
21 |
|
170 |
|
(707 |
) |
12
CONSOLIDATING BALANCE SHEET
As at September 30, 2008
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Sub |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
Total |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
883 |
|
394 |
|
109 |
|
1,386 |
|
149 |
|
— |
|
1,535 |
|
|
Receivables |
|
23 |
|
495 |
|
269 |
|
787 |
|
14 |
|
— |
|
801 |
|
|
Intercompany accounts receivable |
|
600 |
|
339 |
|
115 |
|
1,054 |
|
54 |
|
(1,108 |
) |
— |
|
|
Inventories |
|
— |
|
593 |
|
101 |
|
694 |
|
35 |
|
— |
|
729 |
|
|
Assets held for sale |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Other current assets |
|
90 |
|
116 |
|
32 |
|
238 |
|
2 |
|
— |
|
240 |
|
|
Total current assets |
|
1,596 |
|
1,937 |
|
626 |
|
4,159 |
|
254 |
|
(1,108 |
) |
3,305 |
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in unconsolidated companies |
|
628 |
|
— |
|
18 |
|
646 |
|
— |
|
— |
|
646 |
|
|
Investments in affiliated companies |
|
1,105 |
|
— |
|
— |
|
1,105 |
|
— |
|
(1,105 |
) |
— |
|
|
Other non-current financial assets |
|
44 |
|
16 |
|
2 |
|
62 |
|
— |
|
— |
|
62 |
|
|
Other non-current assets |
|
92 |
|
85 |
|
7 |
|
184 |
|
— |
|
— |
|
184 |
|
|
Property, plant and equipment: |
|
246 |
|
1,159 |
|
261 |
|
1,666 |
|
302 |
|
— |
|
1,968 |
|
|
Intangible assets excl. goodwill |
|
2,591 |
|
36 |
|
8 |
|
2,635 |
|
2 |
|
— |
|
2,637 |
|
|
Goodwill |
|
2,637 |
|
— |
|
— |
|
2,637 |
|
— |
|
— |
|
2,637 |
|
|
Total non-current assets |
|
7,343 |
|
1,296 |
|
296 |
|
8,935 |
|
304 |
|
(1,105 |
) |
8,134 |
|
|
Total assets |
|
8,939 |
|
3,233 |
|
922 |
|
13,094 |
|
558 |
|
(2,213 |
) |
11,439 |
|
|
Liabilities and equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
— |
|
665 |
|
54 |
|
719 |
|
20 |
|
— |
|
739 |
|
|
Intercompany accounts payable |
|
24 |
|
779 |
|
300 |
|
1,103 |
|
5 |
|
(1,108 |
) |
— |
|
|
Accrued liabilities |
|
768 |
|
394 |
|
188 |
|
1,350 |
|
24 |
|
— |
|
1,374 |
|
|
Short-term provisions |
|
— |
|
361 |
|
6 |
|
367 |
|
— |
|
— |
|
367 |
|
|
Other current liabilities |
|
— |
|
26 |
|
27 |
|
53 |
|
(2 |
) |
— |
|
51 |
|
|
Short-term debt |
|
— |
|
— |
|
14 |
|
14 |
|
1 |
|
— |
|
15 |
|
|
Intercompany financing |
|
— |
|
2,655 |
|
(52 |
) |
2,603 |
|
12 |
|
(2,615 |
) |
— |
|
|
Total current liabilities |
|
792 |
|
4,880 |
|
537 |
|
6,209 |
|
60 |
|
(3,723 |
) |
2,546 |
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
6,036 |
|
4 |
|
8 |
|
6,048 |
|
— |
|
— |
|
6,048 |
|
|
Long-term provisions |
|
382 |
|
379 |
|
39 |
|
800 |
|
— |
|
— |
|
800 |
|
|
Other non-current liabilities |
|
3 |
|
77 |
|
14 |
|
94 |
|
8 |
|
— |
|
102 |
|
|
Total non-current liabilities |
|
6,421 |
|
460 |
|
61 |
|
6,942 |
|
8 |
|
— |
|
6,950 |
|
|
Minority interests |
|
— |
|
— |
|
27 |
|
27 |
|
190 |
|
— |
|
217 |
|
|
Shareholder’s equity |
|
1,726 |
|
(2,107 |
) |
297 |
|
(84 |
) |
300 |
|
1,510 |
|
1,726 |
|
|
Total liabilities and equity |
|
8,939 |
|
3,233 |
|
922 |
|
13,094 |
|
558 |
|
(2,213 |
) |
11,439 |
|
13
CONSOLIDATING BALANCE SHEET
As at June 30, 2008
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Sub |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
Total |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
(2 |
) |
283 |
|
191 |
|
472 |
|
188 |
|
— |
|
660 |
|
|
Receivables |
|
25 |
|
478 |
|
341 |
|
844 |
|
14 |
|
— |
|
858 |
|
|
Intercompany accounts receivable |
|
395 |
|
339 |
|
129 |
|
863 |
|
50 |
|
(913 |
) |
— |
|
|
Inventories |
|
— |
|
864 |
|
104 |
|
968 |
|
41 |
|
— |
|
1,009 |
|
|
Assets held for sale |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Other current assets |
|
97 |
|
143 |
|
56 |
|
296 |
|
3 |
|
— |
|
299 |
|
|
Total current assets |
|
515 |
|
2,107 |
|
821 |
|
3,443 |
|
296 |
|
(913 |
) |
2,826 |
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in unconsolidated companies |
|
55 |
|
— |
|
15 |
|
70 |
|
— |
|
— |
|
70 |
|
|
Investments in affiliated companies |
|
2,922 |
|
— |
|
— |
|
2,922 |
|
— |
|
(2,922 |
) |
— |
|
|
Other non-current financial assets |
|
38 |
|
18 |
|
2 |
|
58 |
|
— |
|
— |
|
58 |
|
|
Other non-current assets |
|
90 |
|
376 |
|
171 |
|
637 |
|
— |
|
— |
|
637 |
|
|
Property, plant and equipment: |
|
368 |
|
1,506 |
|
286 |
|
2,160 |
|
330 |
|
— |
|
2,490 |
|
|
Intangible assets excl. goodwill |
|
3,757 |
|
44 |
|
11 |
|
3,812 |
|
2 |
|
— |
|
3,814 |
|
|
Goodwill |
|
3,994 |
|
— |
|
— |
|
3,994 |
|
— |
|
— |
|
3,994 |
|
|
Total non-current assets |
|
11,224 |
|
1,944 |
|
485 |
|
13,653 |
|
332 |
|
(2,922 |
) |
11,063 |
|
|
Total assets |
|
11,739 |
|
4,051 |
|
1,306 |
|
17,096 |
|
628 |
|
(3,835 |
) |
13,889 |
|
|
Liabilities and equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
— |
|
702 |
|
128 |
|
830 |
|
26 |
|
— |
|
856 |
|
|
Intercompany accounts payable |
|
12 |
|
570 |
|
326 |
|
908 |
|
5 |
|
(913 |
) |
— |
|
|
Accrued liabilities |
|
236 |
|
310 |
|
179 |
|
725 |
|
26 |
|
— |
|
751 |
|
|
Short-term provisions |
|
— |
|
42 |
|
8 |
|
50 |
|
— |
|
— |
|
50 |
|
|
Other current liabilities |
|
10 |
|
27 |
|
58 |
|
95 |
|
(2 |
) |
— |
|
93 |
|
|
Short-term debt |
|
450 |
|
|
|
11 |
|
461 |
|
3 |
|
— |
|
464 |
|
|
Intercompany financing |
|
— |
|
4,214 |
|
251 |
|
4,465 |
|
(109 |
) |
(4,356 |
) |
— |
|
|
Total current liabilities |
|
708 |
|
5,865 |
|
961 |
|
7,534 |
|
(51 |
) |
(5,269 |
) |
2,214 |
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
6,202 |
|
5 |
|
8 |
|
6,215 |
|
— |
|
— |
|
6,215 |
|
|
Long-term provisions |
|
484 |
|
230 |
|
31 |
|
745 |
|
— |
|
— |
|
745 |
|
|
Other non-current liabilities |
|
3 |
|
86 |
|
16 |
|
105 |
|
8 |
|
— |
|
113 |
|
|
Total non-current liabilities |
|
6,689 |
|
321 |
|
55 |
|
7,065 |
|
8 |
|
— |
|
7,073 |
|
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
260 |
|
— |
|
260 |
|
|
Shareholder’s equity |
|
4,342 |
|
(2,135 |
) |
290 |
|
2,497 |
|
411 |
|
1,434 |
|
4,342 |
|
|
Total liabilities and equity |
|
11,739 |
|
4,051 |
|
1,306 |
|
17,096 |
|
628 |
|
(3,835 |
) |
13,889 |
|
14
CONSOLIDATING BALANCE SHEET
As at March 31, 2008
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Sub |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
Total |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
(168 |
) |
296 |
|
82 |
|
210 |
|
309 |
|
— |
|
519 |
|
|
Receivables |
|
27 |
|
506 |
|
269 |
|
802 |
|
13 |
|
— |
|
815 |
|
|
Intercompany accounts receivable |
|
131 |
|
425 |
|
176 |
|
732 |
|
60 |
|
(792 |
) |
— |
|
|
Inventories |
|
— |
|
897 |
|
106 |
|
1,003 |
|
36 |
|
— |
|
1,039 |
|
|
Assets held for sale |
|
— |
|
— |
|
139 |
|
139 |
|
— |
|
— |
|
139 |
|
|
Other current assets |
|
115 |
|
132 |
|
57 |
|
304 |
|
4 |
|
— |
|
308 |
|
|
Total current assets |
|
105 |
|
2,256 |
|
829 |
|
3,190 |
|
422 |
|
(792 |
) |
2,820 |
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in unconsolidated companies |
|
62 |
|
— |
|
11 |
|
73 |
|
— |
|
— |
|
73 |
|
|
Investments in affiliated companies |
|
3,141 |
|
— |
|
— |
|
3,141 |
|
— |
|
(3,141 |
) |
— |
|
|
Other non-current financial assets |
|
59 |
|
11 |
|
2 |
|
72 |
|
— |
|
— |
|
72 |
|
|
Other non-current assets |
|
99 |
|
287 |
|
148 |
|
534 |
|
— |
|
— |
|
534 |
|
|
Property, plant and equipment: |
|
396 |
|
1,511 |
|
275 |
|
2,182 |
|
358 |
|
— |
|
2,540 |
|
|
Intangible assets excl. goodwill |
|
3,957 |
|
50 |
|
12 |
|
4,019 |
|
2 |
|
— |
|
4,021 |
|
|
Goodwill |
|
4,026 |
|
— |
|
— |
|
4,026 |
|
— |
|
— |
|
4,026 |
|
|
Total non-current assets |
|
11,740 |
|
1,859 |
|
448 |
|
14,047 |
|
360 |
|
(3,141 |
) |
11,266 |
|
|
Total assets |
|
11,845 |
|
4,115 |
|
1,277 |
|
17,237 |
|
782 |
|
(3,933 |
) |
14,086 |
|
|
Liabilities and equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
— |
|
711 |
|
129 |
|
840 |
|
34 |
|
— |
|
874 |
|
|
Intercompany accounts payable |
|
36 |
|
443 |
|
309 |
|
788 |
|
4 |
|
(792 |
) |
— |
|
|
Accrued liabilities |
|
363 |
|
381 |
|
204 |
|
948 |
|
25 |
|
— |
|
973 |
|
|
Short-term provisions |
|
— |
|
41 |
|
6 |
|
47 |
|
— |
|
— |
|
47 |
|
|
Other current liabilities |
|
3 |
|
42 |
|
37 |
|
82 |
|
7 |
|
— |
|
89 |
|
|
Short-term debt |
|
— |
|
— |
|
2 |
|
2 |
|
5 |
|
— |
|
7 |
|
|
Intercompany financing |
|
— |
|
4,250 |
|
252 |
|
4,502 |
|
14 |
|
(4,516 |
) |
— |
|
|
Total current liabilities |
|
402 |
|
5,868 |
|
939 |
|
7,209 |
|
89 |
|
(5,308 |
) |
1,990 |
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
|
Long-term debt |
|
6,221 |
|
6 |
|
8 |
|
6,235 |
|
— |
|
— |
|
6,235 |
|
|
Long-term provisions |
|
538 |
|
224 |
|
27 |
|
789 |
|
— |
|
— |
|
789 |
|
|
Other non-current liabilities |
|
3 |
|
103 |
|
16 |
|
122 |
|
— |
|
— |
|
122 |
|
|
Total non-current liabilities |
|
6,762 |
|
333 |
|
51 |
|
7,146 |
|
— |
|
— |
|
7,146 |
|
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
269 |
|
— |
|
269 |
|
|
Shareholder’s equity |
|
4,681 |
|
(2,086 |
) |
287 |
|
2,882 |
|
424 |
|
1,375 |
|
4,681 |
|
|
Total liabilities and equity |
|
11,845 |
|
4,115 |
|
1,277 |
|
17,237 |
|
782 |
|
(3,933 |
) |
14,086 |
|
15
CONSOLIDATING BALANCE SHEET
As at December 31, 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Sub |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
Total |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
339 |
|
366 |
|
74 |
|
779 |
|
262 |
|
— |
|
1,041 |
|
|
Receivables |
|
9 |
|
475 |
|
262 |
|
746 |
|
18 |
|
— |
|
764 |
|
|
Intercompany accounts receivable |
|
46 |
|
1,493 |
|
154 |
|
1,693 |
|
50 |
|
(1,743 |
) |
— |
|
|
Inventories |
|
— |
|
848 |
|
71 |
|
919 |
|
39 |
|
— |
|
958 |
|
|
Assets held for sale |
|
— |
|
— |
|
130 |
|
130 |
|
— |
|
— |
|
130 |
|
|
Other current assets |
|
85 |
|
72 |
|
78 |
|
235 |
|
2 |
|
— |
|
237 |
|
|
Total current assets |
|
479 |
|
3,254 |
|
769 |
|
4,502 |
|
371 |
|
(1,743 |
) |
3,130 |
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in unconsolidated companies |
|
67 |
|
— |
|
9 |
|
76 |
|
— |
|
— |
|
76 |
|
|
Investments in affiliated companies |
|
2,956 |
|
— |
|
— |
|
2,956 |
|
— |
|
(2,956 |
) |
— |
|
|
Other non-current financial assets |
|
52 |
|
11 |
|
1 |
|
64 |
|
— |
|
— |
|
64 |
|
|
Other non-current assets |
|
112 |
|
262 |
|
110 |
|
484 |
|
2 |
|
— |
|
486 |
|
|
Property, plant and equipment: |
|
405 |
|
1,474 |
|
246 |
|
2,125 |
|
375 |
|
— |
|
2,500 |
|
|
Intangible assets excl. goodwill |
|
3,781 |
|
53 |
|
10 |
|
3,844 |
|
0 |
|
— |
|
3,844 |
|
|
Goodwill |
|
3,716 |
|
— |
|
— |
|
3,716 |
|
|
|
— |
|
3,716 |
|
|
Total non-current assets |
|
11,089 |
|
1,800 |
|
376 |
|
13,265 |
|
377 |
|
(2,956 |
) |
10,686 |
|
|
Total assets |
|
11,568 |
|
5,054 |
|
1,145 |
|
17,767 |
|
748 |
|
(4,699 |
) |
13,816 |
|
|
Liabilities and equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
— |
|
843 |
|
125 |
|
968 |
|
33 |
|
— |
|
1,001 |
|
|
Intercompany accounts payable |
|
171 |
|
1,295 |
|
272 |
|
1,738 |
|
5 |
|
(1,743 |
) |
— |
|
|
Accrued liabilities |
|
257 |
|
448 |
|
205 |
|
910 |
|
25 |
|
— |
|
935 |
|
|
Short-term provisions |
|
— |
|
37 |
|
3 |
|
40 |
|
— |
|
— |
|
40 |
|
|
Other current liabilities |
|
1 |
|
22 |
|
51 |
|
74 |
|
(1 |
) |
— |
|
73 |
|
|
Short-term debt |
|
— |
|
— |
|
1 |
|
1 |
|
5 |
|
— |
|
6 |
|
|
Intercompany financing |
|
— |
|
3,948 |
|
199 |
|
4,147 |
|
13 |
|
(4,160 |
) |
— |
|
|
Total current liabilities |
|
429 |
|
6,593 |
|
856 |
|
7,878 |
|
80 |
|
(5,903 |
) |
2,055 |
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
6,059 |
|
4 |
|
9 |
|
6,072 |
|
— |
|
— |
|
6,072 |
|
|
Long-term provisions |
|
549 |
|
221 |
|
28 |
|
798 |
|
— |
|
— |
|
798 |
|
|
Other non-current liabilities |
|
3 |
|
83 |
|
14 |
|
100 |
|
6 |
|
— |
|
106 |
|
|
Total non-current liabilities |
|
6,611 |
|
308 |
|
51 |
|
6,970 |
|
6 |
|
— |
|
6,976 |
|
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
257 |
|
— |
|
257 |
|
|
Shareholder’s equity |
|
4,528 |
|
(1,847 |
) |
238 |
|
2,919 |
|
405 |
|
1,204 |
|
4,528 |
|
|
Total liabilities and equity |
|
11,568 |
|
5,054 |
|
1,145 |
|
17,767 |
|
748 |
|
(4,699 |
) |
13,816 |
|
16
CONSOLIDATING BALANCE SHEET
As at September 30, 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Sub |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
Total |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
363 |
|
331 |
|
79 |
|
773 |
|
190 |
|
— |
|
963 |
|
|
Receivables |
|
14 |
|
582 |
|
271 |
|
867 |
|
20 |
|
— |
|
887 |
|
|
Intercompany accounts receivable |
|
130 |
|
1,264 |
|
146 |
|
1,540 |
|
49 |
|
(1,589 |
) |
— |
|
|
Inventories |
|
— |
|
758 |
|
80 |
|
838 |
|
36 |
|
— |
|
874 |
|
|
Assets held for sale |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Other current assets |
|
58 |
|
100 |
|
50 |
|
208 |
|
2 |
|
— |
|
210 |
|
|
Total current assets |
|
565 |
|
3,035 |
|
626 |
|
4,226 |
|
297 |
|
(1,589 |
) |
2,934 |
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in unconsolidated companies |
|
74 |
|
7 |
|
6 |
|
87 |
|
— |
|
— |
|
87 |
|
|
Investments in affiliated companies |
|
3,237 |
|
— |
|
— |
|
3,237 |
|
— |
|
(3,237 |
) |
— |
|
|
Other non-current financial assets |
|
66 |
|
4 |
|
2 |
|
72 |
|
1 |
|
— |
|
73 |
|
|
Other non-current assets |
|
112 |
|
228 |
|
30 |
|
370 |
|
1 |
|
— |
|
371 |
|
|
Property, plant and equipment: |
|
457 |
|
1,427 |
|
533 |
|
2,417 |
|
397 |
|
— |
|
2,814 |
|
|
Intangible assets excl. goodwill |
|
3,763 |
|
55 |
|
10 |
|
3,828 |
|
— |
|
— |
|
3,828 |
|
|
Goodwill |
|
3,155 |
|
— |
|
— |
|
3,155 |
|
— |
|
— |
|
3,155 |
|
|
Total non-current assets |
|
10,864 |
|
1,721 |
|
581 |
|
13,166 |
|
399 |
|
(3,237 |
) |
10,328 |
|
|
Total assets |
|
11,429 |
|
4,756 |
|
1,207 |
|
17,392 |
|
696 |
|
(4,826 |
) |
13,262 |
|
|
Liabilities and equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
— |
|
737 |
|
118 |
|
855 |
|
24 |
|
— |
|
879 |
|
|
Intercompany accounts payable |
|
484 |
|
803 |
|
298 |
|
1,585 |
|
4 |
|
(1,589 |
) |
— |
|
|
Accrued liabilities |
|
332 |
|
473 |
|
195 |
|
1,000 |
|
23 |
|
— |
|
1,023 |
|
|
Short-term provisions |
|
— |
|
39 |
|
17 |
|
56 |
|
— |
|
— |
|
56 |
|
|
Other current liabilities |
|
1 |
|
13 |
|
31 |
|
45 |
|
(1 |
) |
— |
|
44 |
|
|
Short-term debt |
|
— |
|
— |
|
1 |
|
1 |
|
4 |
|
— |
|
5 |
|
|
Intercompany financing |
|
— |
|
4,080 |
|
345 |
|
4,425 |
|
14 |
|
(4,439 |
) |
— |
|
|
Total current liabilities |
|
817 |
|
6,145 |
|
1,005 |
|
7,967 |
|
68 |
|
(6,028 |
) |
2,007 |
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
5,968 |
|
4 |
|
6 |
|
5,978 |
|
1 |
|
— |
|
5,979 |
|
|
Long-term provisions |
|
313 |
|
203 |
|
19 |
|
535 |
|
— |
|
— |
|
535 |
|
|
Other non-current liabilities |
|
— |
|
139 |
|
24 |
|
163 |
|
6 |
|
— |
|
169 |
|
|
Total non-current liabilities |
|
6,281 |
|
346 |
|
49 |
|
6,676 |
|
7 |
|
— |
|
6,683 |
|
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
241 |
|
— |
|
241 |
|
|
Shareholder’s equity |
|
4,331 |
|
(1,735 |
) |
153 |
|
2,749 |
|
380 |
|
1,202 |
|
4,331 |
|
|
Total liabilities and equity |
|
11,429 |
|
4,756 |
|
1,207 |
|
17,392 |
|
696 |
|
(4,826 |
) |
13,262 |
|
17
CONSOLIDATING BALANCE SHEET
As at June 30, 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Sub |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
Total |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
144 |
|
286 |
|
109 |
|
539 |
|
152 |
|
— |
|
691 |
|
|
Receivables |
|
32 |
|
537 |
|
259 |
|
828 |
|
21 |
|
— |
|
849 |
|
|
Intercompany accounts receivable |
|
548 |
|
956 |
|
150 |
|
1,654 |
|
41 |
|
(1,695 |
) |
— |
|
|
Inventories |
|
3 |
|
715 |
|
72 |
|
790 |
|
38 |
|
— |
|
828 |
|
|
Assets held for sale |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Other current assets |
|
8 |
|
91 |
|
73 |
|
172 |
|
2 |
|
— |
|
174 |
|
|
Total current assets |
|
735 |
|
2,585 |
|
663 |
|
3,983 |
|
254 |
|
(1,695 |
) |
2,542 |
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in unconsolidated companies |
|
56 |
|
7 |
|
3 |
|
66 |
|
— |
|
— |
|
66 |
|
|
Investments in affiliated companies |
|
2,342 |
|
— |
|
— |
|
2,342 |
|
— |
|
(2,342 |
) |
— |
|
|
Other non-current financial assets |
|
— |
|
4 |
|
1 |
|
5 |
|
3 |
|
— |
|
8 |
|
|
Other non-current assets |
|
125 |
|
247 |
|
3 |
|
375 |
|
3 |
|
— |
|
378 |
|
|
Property, plant and equipment: |
|
461 |
|
1,402 |
|
547 |
|
2,410 |
|
416 |
|
— |
|
2,826 |
|
|
Intangible assets excl. goodwill |
|
3,818 |
|
54 |
|
9 |
|
3,881 |
|
— |
|
— |
|
3,881 |
|
|
Goodwill |
|
3,014 |
|
— |
|
— |
|
3,014 |
|
— |
|
— |
|
3,014 |
|
|
Total non-current assets |
|
9,816 |
|
1,714 |
|
563 |
|
12,093 |
|
422 |
|
(2,342 |
) |
10,173 |
|
|
Total assets |
|
10,551 |
|
4,299 |
|
1,226 |
|
16,076 |
|
676 |
|
(4,037 |
) |
12,715 |
|
|
Liabilities and equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
— |
|
632 |
|
124 |
|
756 |
|
42 |
|
— |
|
798 |
|
|
Intercompany accounts payable |
|
2 |
|
1,376 |
|
313 |
|
1,691 |
|
4 |
|
(1,695 |
) |
— |
|
|
Accrued liabilities |
|
160 |
|
438 |
|
192 |
|
790 |
|
22 |
|
— |
|
812 |
|
|
Short-term provisions |
|
— |
|
57 |
|
13 |
|
70 |
|
— |
|
— |
|
70 |
|
|
Other current liabilities |
|
(7 |
) |
24 |
|
30 |
|
47 |
|
(1 |
) |
— |
|
46 |
|
|
Short-term debt |
|
1 |
|
— |
|
3 |
|
4 |
|
4 |
|
— |
|
8 |
|
|
Intercompany financing |
|
— |
|
3,132 |
|
325 |
|
3,457 |
|
16 |
|
(3,473 |
) |
— |
|
|
Total current liabilities |
|
156 |
|
5,659 |
|
1,000 |
|
6,815 |
|
87 |
|
(5,168 |
) |
1,734 |
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
5,862 |
|
5 |
|
7 |
|
5,874 |
|
1 |
|
— |
|
5,875 |
|
|
Long-term provisions |
|
311 |
|
181 |
|
20 |
|
512 |
|
— |
|
— |
|
512 |
|
|
Other non-current liabilities |
|
— |
|
119 |
|
21 |
|
140 |
|
6 |
|
— |
|
146 |
|
|
Total non-current liabilities |
|
6,173 |
|
305 |
|
48 |
|
6,526 |
|
7 |
|
— |
|
6,533 |
|
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
226 |
|
— |
|
226 |
|
|
Shareholder’s equity |
|
4,222 |
|
(1,665 |
) |
178 |
|
2,735 |
|
356 |
|
1,131 |
|
4,222 |
|
|
Total liabilities and equity |
|
10,551 |
|
4,299 |
|
1,226 |
|
16,076 |
|
676 |
|
(4,037 |
) |
12,715 |
|
18
CONSOLIDATING BALANCE SHEET
As at March 31, 2007
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Sub |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
Total |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
361 |
|
197 |
|
145 |
|
703 |
|
123 |
|
— |
|
826 |
|
|
Receivables |
|
— |
|
524 |
|
244 |
|
768 |
|
19 |
|
— |
|
787 |
|
|
Intercompany accounts receivable |
|
170 |
|
814 |
|
160 |
|
1,144 |
|
25 |
|
(1,169 |
) |
— |
|
|
Inventories |
|
11 |
|
736 |
|
76 |
|
823 |
|
31 |
|
— |
|
854 |
|
|
Assets held for sale |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Other current assets |
|
4 |
|
85 |
|
63 |
|
152 |
|
4 |
|
— |
|
156 |
|
|
Total current assets |
|
546 |
|
2,356 |
|
688 |
|
3,590 |
|
202 |
|
(1,169 |
) |
2,623 |
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in unconsolidated companies |
|
57 |
|
2 |
|
1 |
|
60 |
|
|
|
— |
|
60 |
|
|
Investments in affiliated companies |
|
2,890 |
|
— |
|
— |
|
2,890 |
|
— |
|
(2,890 |
) |
— |
|
|
Other non-current financial assets |
|
— |
|
11 |
|
2 |
|
13 |
|
3 |
|
— |
|
16 |
|
|
Other non-current assets |
|
104 |
|
165 |
|
3 |
|
272 |
|
16 |
|
— |
|
288 |
|
|
Property, plant and equipment: |
|
491 |
|
1,454 |
|
558 |
|
2,503 |
|
413 |
|
— |
|
2,916 |
|
|
Intangible assets excl. goodwill |
|
4,004 |
|
56 |
|
8 |
|
4,068 |
|
1 |
|
— |
|
4,069 |
|
|
Goodwill |
|
2,879 |
|
— |
|
— |
|
2,879 |
|
— |
|
— |
|
2,879 |
|
|
Total non-current assets |
|
10,425 |
|
1,688 |
|
572 |
|
12,685 |
|
433 |
|
(2,890 |
) |
10,228 |
|
|
Total assets |
|
10,971 |
|
4,044 |
|
1,260 |
|
16,275 |
|
635 |
|
(4,059 |
) |
12,851 |
|
|
Liabilities and equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
— |
|
478 |
|
102 |
|
580 |
|
30 |
|
— |
|
610 |
|
|
Intercompany accounts payable |
|
8 |
|
854 |
|
303 |
|
1,165 |
|
4 |
|
(1,169 |
) |
— |
|
|
Accrued liabilities |
|
163 |
|
350 |
|
184 |
|
697 |
|
18 |
|
— |
|
715 |
|
|
Short-term provisions |
|
(1 |
) |
55 |
|
22 |
|
76 |
|
— |
|
— |
|
76 |
|
|
Other current liabilities |
|
109 |
|
47 |
|
26 |
|
182 |
|
(1 |
) |
— |
|
181 |
|
|
Short-term debt |
|
— |
|
— |
|
14 |
|
14 |
|
7 |
|
— |
|
21 |
|
|
Intercompany financing |
|
— |
|
3,837 |
|
366 |
|
4,203 |
|
13 |
|
(4,216 |
) |
— |
|
|
Total current liabilities |
|
279 |
|
5,621 |
|
1,017 |
|
6,917 |
|
71 |
|
(5,385 |
) |
1,603 |
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
5,841 |
|
6 |
|
8 |
|
5,855 |
|
1 |
|
— |
|
5,856 |
|
|
Long-term provisions |
|
319 |
|
186 |
|
8 |
|
513 |
|
— |
|
— |
|
513 |
|
|
Other non-current liabilities |
|
— |
|
112 |
|
13 |
|
125 |
|
6 |
|
— |
|
131 |
|
|
Total non-current liabilities |
|
6,160 |
|
304 |
|
29 |
|
6,493 |
|
7 |
|
— |
|
6,500 |
|
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
216 |
|
— |
|
216 |
|
|
Shareholder’s equity |
|
4,532 |
|
(1,881 |
) |
214 |
|
2,865 |
|
341 |
|
1,326 |
|
4,532 |
|
|
Total liabilities and equity |
|
10,971 |
|
4,044 |
|
1,260 |
|
16,275 |
|
635 |
|
(4,059 |
) |
12,851 |
|
19
CONSOLIDATING BALANCE SHEET
As at 31 December 2006
(All amounts stated in US $ millions)
|
|
|
|
|
|
|
Non- |
|
|
|
Non- |
|
|
|
|
|
|
|
|
|
|
|
|
guarantors |
|
Sub |
|
guarantors |
|
|
|
|
|
|
|
|
NXP B.V. |
|
Guarantors |
|
(restricted) |
|
Total |
|
(unrestr.) |
|
Eliminations |
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
804 |
|
212 |
|
103 |
|
1,119 |
|
113 |
|
— |
|
1,232 |
|
|
Receivables |
|
— |
|
487 |
|
241 |
|
728 |
|
11 |
|
— |
|
739 |
|
|
Intercompany accounts receivable |
|
51 |
|
619 |
|
239 |
|
909 |
|
26 |
|
(935 |
) |
— |
|
|
Inventories |
|
— |
|
745 |
|
67 |
|
812 |
|
35 |
|
— |
|
847 |
|
|
Assets held for sale |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Other current assets |
|
29 |
|
64 |
|
52 |
|
145 |
|
19 |
|
— |
|
164 |
|
|
Total current assets |
|
884 |
|
2,127 |
|
702 |
|
3,713 |
|
204 |
|
(935 |
) |
2,982 |
|
|
Non-current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in unconsolidated companies |
|
57 |
|
1 |
|
— |
|
58 |
|
— |
|
— |
|
58 |
|
|
Investments in affiliated companies |
|
3,158 |
|
— |
|
— |
|
3,158 |
|
— |
|
(3,158 |
) |
— |
|
|
Other non-current financial assets |
|
— |
|
11 |
|
2 |
|
13 |
|
3 |
|
— |
|
16 |
|
|
Other non-current assets |
|
93 |
|
102 |
|
11 |
|
206 |
|
— |
|
— |
|
206 |
|
|
Property, plant and equipment: |
|
517 |
|
1,489 |
|
569 |
|
2,575 |
|
421 |
|
— |
|
2,996 |
|
|
Intangible assets excl. goodwill |
|
3,951 |
|
60 |
|
9 |
|
4,020 |
|
1 |
|
— |
|
4,021 |
|
|
Goodwill |
|
2,665 |
|
— |
|
— |
|
2,665 |
|
— |
|
— |
|
2,665 |
|
|
Total non-current assets |
|
10,441 |
|
1,663 |
|
591 |
|
12,695 |
|
425 |
|
(3,158 |
) |
9,962 |
|
|
Total assets |
|
11,325 |
|
3,790 |
|
1,293 |
|
16,408 |
|
629 |
|
(4,093 |
) |
12,944 |
|
|
Liabilities and equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts and notes payable |
|
— |
|
513 |
|
91 |
|
604 |
|
38 |
|
— |
|
642 |
|
|
Intercompany accounts payable |
|
264 |
|
400 |
|
269 |
|
933 |
|
2 |
|
(935 |
) |
— |
|
|
Accrued liabilities |
|
111 |
|
333 |
|
173 |
|
617 |
|
19 |
|
— |
|
636 |
|
|
Short-term provisions |
|
— |
|
47 |
|
24 |
|
71 |
|
— |
|
— |
|
71 |
|
|
Other current liabilities |
|
— |
|
33 |
|
26 |
|
59 |
|
— |
|
— |
|
59 |
|
|
Short-term debt |
|
— |
|
— |
|
22 |
|
22 |
|
8 |
|
— |
|
30 |
|
|
Intercompany financing |
|
— |
|
3,897 |
|
416 |
|
4,313 |
|
13 |
|
(4,326 |
) |
— |
|
|
Total current liabilities |
|
375 |
|
5,223 |
|
1,021 |
|
6,619 |
|
80 |
|
(5,261 |
) |
1,438 |
|
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
5,792 |
|
5 |
|
9 |
|
5,806 |
|
— |
|
— |
|
5,806 |
|
|
Long-term provisions |
|
324 |
|
150 |
|
9 |
|
483 |
|
— |
|
— |
|
483 |
|
|
Other non-current liabilities |
|
|
|
147 |
|
24 |
|
171 |
|
— |
|
— |
|
171 |
|
|
Total non-current liabilities |
|
6,116 |
|
302 |
|
42 |
|
6,460 |
|
— |
|
— |
|
6,460 |
|
|
Minority interests |
|
— |
|
— |
|
— |
|
— |
|
212 |
|
— |
|
212 |
|
|
Shareholder’s equity |
|
4,834 |
|
(1,735 |
) |
230 |
|
3,329 |
|
337 |
|
1,168 |
|
4,834 |
|
|
Total liabilities and equity |
|
11,325 |
|
3,790 |
|
1,293 |
|
16,408 |
|
629 |
|
(4,093 |
) |
12,944 |
|
20