01—Abstract
Summary
Summary of the 20-F/A filed March 30, 2011. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment (10-K/A) to NXP Semiconductors N.V.'s 2010 Annual Report (Form 20-F).
The primary purpose of this amendment is to re-file Exhibit 2.1, the Sale and Purchase Agreement dated December 22, 2010, between NXP Semiconductors N.V., NXP B.V., Dover Corporation, Knowles Electronics, LLC, and EFF Acht Beteiligungsverwaltung GmbH. This re-filing is specifically to address changes in the redacted portions of the agreement due to a confidential treatment request submitted to the SEC. Investors should note that this amendment does not introduce new financial information or reflect events after the original filing date of March 9, 2011, but rather refines the disclosure of a significant contractual agreement.
02—Key points
Key Highlights
- The filing is an Amendment No. 1 to the Form 20-F for the fiscal year ended December 31, 2010, filed on March 29, 2011.
- The amendment's sole purpose is to re-file Exhibit 2.1, a Sale and Purchase Agreement dated December 22, 2010.
- The re-filing of Exhibit 2.1 is to reflect changes in redacted portions related to a confidential treatment request to the SEC.
- This amendment does not update or amend any other information or disclosures from the original Form 20-F.
- NXP Semiconductors N.V. had 250,751,500 ordinary shares outstanding as of December 31, 2010.
- The company is not a well-known seasoned issuer and is classified as a non-accelerated filer.
- The financial statements included in the original filing were prepared under U.S. GAAP.
03—One dollar
Follow one dollar
For each $1.00 of revenue in FY2010, NXP Semiconductors N.V. lost $0.10.
- Revenue$4.39B100.0%
- Cost of revenue−$2.57B58.5%
- Gross profit$1.82B41.5%
- Operating costs−$1.55B35.3%
- Operating income$273.0M6.2%
- Interest, other & tax−$729.0M16.6%
- Net income−$456.0M10.4%
Where FY2010 revenue went
$4.39B- Cost of revenue: $2.58B, 59% of revenue
- SG&A: $966.0M, 22% of revenue
- R&D: $568.0M, 13% of revenue
- Operating income: $273.0M, 6.2% of revenue
Kept 6.2% as operating incomeOperating income $273.0M · 6.2%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2010filed March 30, 2011Financial Statements
FY2010 against FY2009
| Line item | FY2010FY2009 | Change |
|---|---|---|
| Revenue | $4.39B$3.52B | +24.8% |
| Cost of Revenue | $2.58B$2.62B | −1.6% |
| Gross Profit | $1.82B$898.00M | +103.0% |
| R&D Expenses | $568.00M$764.00M | −25.7% |
| SG&A Expenses | $966.00M— | — |
| Operating Income | $273.00M-$931.00M | +129.3% |
| Interest Expense | $320.00M— | — |
| Net Income | -$456.00M-$167.00M | −173.1% |
| EPS (Basic) | $-1.99$-0.78 | −155.1% |
| Shares Outstanding (Basic) | 229.28M— | — |
05—Questions
Frequently Asked Questions
What is the main reason for this amended filing (10-K/A)?
The primary reason for this amendment is to re-file Exhibit 2.1, the Sale and Purchase Agreement dated December 22, 2010. This is being done to adjust the redacted portions of the agreement in response to comments from the SEC regarding a confidential treatment request.
Does this amendment change NXP's financial results for 2010?
No, this amendment does not change or update any financial information or disclosures from the original Form 20-F filed on March 9, 2011. It speaks as of the original filing date and only addresses the presentation of a specific exhibit.
What is the significance of Exhibit 2.1 mentioned in the amendment?
Exhibit 2.1 is the Sale and Purchase Agreement dated December 22, 2010, involving NXP Semiconductors N.V., NXP B.V., Dover Corporation, Knowles Electronics, LLC, and EFF Acht Beteiligungsverwaltung GmbH. The amendment's focus on this exhibit suggests it represents a material transaction or agreement for the company.
What accounting standards were used for the original 2010 financial statements?
The original financial statements included in the Form 20-F were prepared using U.S. Generally Accepted Accounting Principles (U.S. GAAP).
06—Continue