NXP Semiconductors Reports Third Quarter 2013 Results

                                                                            
NXP Semiconductors                                                          
Table 1: Condensed consolidated statement of operations (unaudited)         
                                                                            
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($ in millions except share data)                Three Months Ended         
                                         ---------------------------------- 
                                          Sept. 29,   June 30,    Sept. 30, 
                                            2013        2013        2012    
                                         ----------  ----------  ---------- 
                                                                            
Revenue                                  $    1,249  $    1,188  $    1,170 
                                                                            
Cost of revenue                                (679)       (653)       (634)
                                         ----------  ----------  ---------- 
                                                                            
Gross profit                                    570         535         536 
                                                                            
Research and development                       (163)       (155)       (153)
Selling, general and administrative            (239)       (211)       (236)
                                         ----------  ----------  ---------- 
Total operating expenses                       (402)       (366)       (389)
                                                                            
Other income (expense)                            -           1          21 
                                         ----------  ----------  ---------- 
                                                                                                        
Operating  income  (loss)                                                  168                  170                  168  
                                                                                                                                                        
Financial  income  (expense):                                                                                                  
    Interest  income  (expense)  -  net                              (44)                (47)                (65)
    Foreign  exchange  gain  (loss)                                      52                    32                    48  
    Gain  (loss)  on  extinguishment  of  long                                                                          
      term  debt                                                                            -                  (23)                (11)
    Other  financial  expense                                                (5)                  (8)                  (5)
                                                                                  ----------    ----------    ----------  
                                                                                                                                                        
Income  (loss)  before  taxes                                            171                  124                  135  
                                                                                                                                                        
Benefit  (provision)  for  income  taxes                          (1)                    2                    (6)
Results  relating  to  equity-accounted                                                                                
  investees                                                                                2                      3                      2  
                                                                                  ----------    ----------    ----------  
                                                                                                                                                        
Income  (loss)  from  continuing  operations                172                  129                  131  
Income  (loss)  on  discontinued                                                                                              
  operations,  net  of  tax                                                      -                      -                      -  
                                                                                  ----------    ----------    ----------  
Net  income  (loss)                                                              172                  129                  131  
Net  (income)  loss  attributable  to  non-                                                                            
  controlling  interests                                                    (17)                (18)                (16)
                                                                                  ----------    ----------    ----------  
Net  income  (loss)  attributable  to                                                                                      
  stockholders                                                                      155                  111                  115  
                                                                                                                                                        
Earnings  per  share  data:                                                                                                        
Net  income  (loss)  attributable  to                                                                                      
  stockholders  per  common  share                                                                                            
                                                                                                                                                        
Basic  earnings  per  common  share  in  $          $          0.62    $          0.44    $          0.46  
Diluted  earnings  per  common  share  in  $      $          0.60    $          0.43    $          0.45  
                                                                                                                                                        
Weighted  average  number  of  shares  of                                                                                
  common  stock  (in  thousands):                                                                                              
Basic                                                                              248,794          249,449          247,498  
Diluted                                                                          256,777          255,265          253,060  
                                                                                                                                                        
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NXP  Semiconductors                                                                                                                    
Table  2:  Condensed  consolidated  balance  sheet  (unaudited)                                      
                                                                                                                                                        
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($  in  millions)                                                                                  As  of                              
                                                                                  -----------------------------------
                                                                                    Sept.  29,        June  30,      Sept.  30,  
                                                                                          2013                2013                2012      
                                                                                  -----------  -----------  -----------
                                                                                                                                                        
Current  assets:                                                                                                                          
    Cash  and  cash  equivalents                            $              941  $              569  $              702
    Accounts  receivable  -  net                                            530                  495                  470
    Other  receivables                                                              52                    49                    15
    Assets  held  for  sale                                                          9                    10                      8
    Inventories                                                                        754                  742                  671
    Other  current  assets                                                      127                  132                  105
                                                                                  -----------  -----------  -----------
Total  current  assets                                                      2,413              1,997              1,971
                                                                                                                                                        
Non-current  assets:                                                                                                                  
    Investments  in  equity-accounted                                                                                      
      investees                                                                            50                    47                    42
    Other  non-current  assets                                              139                  128                  144
    Property,  plant  and  equipment                                1,032              1,030              1,086
    Identified  intangible  assets                                      792                  841              1,017
    Goodwill                                                                          2,318              2,253              2,241
                                                                                  -----------  -----------  -----------
Total  non-current  assets                                              4,331              4,299              4,530
                                                                                                                                                        
Total  assets                                                                      6,744              6,296              6,501
                                                                                                                                                        
Current  liabilities:                                                                                                                
    Accounts  payable                                                              545                  521                  549
    Liabilities  held  for  sale                                                -                      -                      3
    Accrued  liabilities                                                        595                  610                  513
    Short-term  debt                                                                465                    50                  244
                                                                                  -----------  -----------  -----------
Total  current  liabilities                                            1,605              1,181              1,309
                                                                                                                                                        
Non-current  liabilities:                                                                                                        
    Long-term  debt                                                              3,232              3,331              3,338
    Other  non-current  liabilities                                    469                  451                  450
                                                                                  -----------  -----------  -----------
Total  non-current  liabilities                                    3,701              3,782              3,788
                                                                                                                                                        
Non-controlling  interests                                                236                  219                  217
Stockholders'  equity                                                      1,202              1,114              1,187
                                                                                  -----------  -----------  -----------
Total  equity                                                                      1,438              1,333              1,404
                                                                                                                                                        
Total  liabilities  and  equity                                      6,744              6,296              6,501
                                                                                                                                                        
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NXP  Semiconductors                                                                                                                    
Table  3:  Condensed  consolidated  statement  of  cash  flows  (unaudited)                  
                                                                                                                                                        
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($  in  millions)                                                                    Three  Months  Ended                  
                                                                                  ----------------------------------  
                                                                                    Sept.  29,      June  30,        Sept.  30,  
                                                                                        2013                2013                2012        
                                                                                  ----------    ----------    ----------  
                                                                                                                                                        
Cash  Flows  from  operating  activities                                                                                
Net  income  (loss)                                                $            172    $            129    $            131  
Adjustments  to  reconcile  net  income                                                                                  
  (loss):                                                                                                                                        
    Depreciation  and  amortization                                  137                  132                  128  
    Stock-based  compensation                                              20                    20                    12  
    Net  (gain)  loss  on  sale  of  assets                              -                    (1)                (19)
    (Gain)  loss  on  extinguishment  of  debt                      -                    23                    11  
    Results  relating  to  equity  accounted                                                                            
      investees                                                                          (2)                  (3)                  (2)
Changes  in  operating  assets  and                                                                                          
  liabilities:                                                                                                                              
    (Increase)  decrease  in  trade                                                                                            
      receivables                                                                    (20)                (26)                  (8)
    (Increase)  decrease  in  inventories                          (5)                (10)                (20)
    Increase  (decrease)  in  trade  payables                    17                      6                    19  
    (Increase)  decrease  in  other                                                                                            
      receivables                                                                        3                    (4)                    3  
    Increase  (decrease)  in  other  payables                    29                  (78)                (22)
    Changes  in  deferred  taxes                                              -                      1                      -  
Exchange  differences                                                        (52)                (32)                (48)
Other  items                                                                            (1)                    3                      7  
                                                                                  ----------    ----------    ----------  
Net  cash  provided  by  (used  for)                                                                                          
  operating  activities                                                      298                  160                  192  
                                                                                                                                                        
Cash  flows  from  investing  activities:                                                                              
    Purchase  of  identified  intangible                                                                                  
      assets                                                                              (10)                (11)                  (7)
    Capital  expenditures  on  property,                                                                                  
      plant  and  equipment                                                    (54)                (49)                (92)
    Proceeds  from  disposals  of  property,                                                                            
      plant  and  equipment                                                        -                      3                      -  
    Proceeds  from  sale  of  interests  in                                                                                
      businesses                                                                          -                      -                    27  
    Purchase  of  interests  in  businesses                        (1)                    -                      -  
    Proceeds  from  return  of  equity                                                                                        
      investment                                                                          -                      1                      -  
    Other                                                                                    (1)                    -                      1  
                                                                                  ----------    ----------    ----------  
Net  cash  (used  for)  provided  by                                                                                          
  investing  activities                                                      (66)                (56)                (71)
                                                                                                                                                        
Cash  flows  from  financing  activities:                                                                              
    Net  (repayments)  borrowings  of  short-                                                                          
      term  debt                                                                          (7)                  (1)                    4  
    Repayments  under  the  revolving  credit                                                                          
      facility                                                                        (175)              (155)              (200)
    Amounts  drawn  under  the  revolving                                                                                  
      credit  facility                                                                -                  200                      -  
    Repurchase  of  long-term  debt                                        -                (874)                (59)
    Principal  payments  on  long-term  debt                      (2)                  (5)                  (5)
    Net  proceeds  from  the  issuance  of                                                                                  
      long-term  debt                                                              495                  742                      -  
    Dividends  paid  to  non-controlling                                                                                  
      interests                                                                        (47)                    -                    (1)
    Cash  proceeds  from  exercise  of  stock                                                                            
      options                                                                              29                    10                      6  
    Purchase  of  treasury  shares                                    (159)                (48)                  (3)
                                                                                  ----------    ----------    ----------  
Net  cash  provided  by  (used  for)                                                                                          
  financing  activities                                                      134                (131)              (258)
                                                                                                                                                        
Net  cash  provided  by  (used  for)                                                                                          
  continuing  operations                                                    366                  (27)              (137)
                                                                                                                                                        
Effect  of  changes  in  exchange  rates  on                                                                            
  cash  positions                                                                      6                      1                      2  
                                                                                  ----------    ----------    ----------  
Increase  (decrease)  in  cash  and  cash                                                                                
  equivalents                                                                        372                  (26)              (135)
Cash  and  cash  equivalents  at  beginning                                                                            
  of  period                                                                            569                  595                  837  
                                                                                  ----------    ----------    ----------  
Cash  and  cash  equivalents  at  end  of                                                                                  
  period                                                                                  941                  569                  702  
                                                                                                                                                        
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NXP  Semiconductors                                                                                                                    
Table  4:  Reconciliation  of  GAAP  to  non-GAAP  Segment  Results  (unaudited)          
                                                                                                                                                        
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($  in  millions)                                                                    Three  Months  Ended                  
                                                                                  ----------------------------------  
                                                                                    Sept.  29,      June  30,        Sept.  30,  
                                                                                        2013                2013                2012        
                                                                                  ----------    ----------    ----------  
                                                                                                                                                        
High  Performance  Mixed  Signal  (HPMS)                        922                  878                  804  
Standard  Products                                                              291                  281                  316  
                                                                                  ----------    ----------    ----------  
    Product  Revenue                                                          1,213              1,159              1,120  
        Manufacturing  Operations                                          36                    29                    49  
        Corporate  and  Other                                                      -                      -                      1  
                                                                                  ----------    ----------    ----------  
Total  Revenue                                                        $        1,249    $        1,188    $        1,170  
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
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HPMS  Revenue                                                          $            922    $            878    $            804  
    Percent  of  Total  Revenue                                          73.8%              73.9%              68.7%
    HPMS  segment  GAAP  gross  profit                                493                  472                  433  
        PPA  effects                                                                      -                      -                    (1)
        Restructuring                                                                (4)                    3                      -  
        Stock  based  compensation                                          (1)                  (2)                  (1)
        Other  incidentals                                                        (1)                  (1)                  (1)
        Other  adjustments                                                          -                      -                      -  
                                                                                  ----------    ----------    ----------  
    HPMS  segment  non-GAAP  gross  profit          $            499    $            472    $            436  
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
        HPMS  segment  GAAP  gross  margin                          53.5%              53.8%              53.9%
        HPMS  segment  non-GAAP  gross  margin                  54.1%              53.8%              54.2%
                                                                                                                                                        
    HPMS  segment  GAAP  operating  profit                        184                  178                  157  
        PPA  effects                                                                  (46)                (45)                (45)
        Restructuring                                                                (4)                    3                      1  
        Stock  based  compensation                                        (16)                (16)                  (9)
        Other  incidentals                                                        (1)                  (2)                  16  
        Other  adjustments                                                          -                      -                      -  
                                                                                  ----------    ----------    ----------  
    HPMS  segment  non-GAAP  operating  profit  $            251    $            238    $            194  
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
        HPMS  segment  GAAP  operating  margin                  20.0%              20.3%              19.5%
        HPMS  segment  non-GAAP  operating                                                                                  
          margin                                                                        27.2%              27.1%              24.1%
                                                                                                                                                        
                                                                                                                                                        
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Standard  Products  Revenue                                $            291    $            281    $            316  
    Percent  of  Total  Revenue                                          23.3%              23.7%              27.0%
    Standard  Products  segment  GAAP  gross                                                                            
      profit                                                                                81                    68                  107  
        PPA  effects                                                                      -                      -                    (1)
        Restructuring                                                                (2)                    5                      1  
        Stock  based  compensation                                            -                    (1)                    -  
        Other  incidentals                                                        (2)                  (3)                    -  
                                                                                  ----------    ----------    ----------  
    Standard  Products  segment  non-GAAP                                                                                
      gross  profit                                                    $              85    $              67    $            107  
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
        Standard  Products  segment  GAAP  gross                                                                        
          margin                                                                        27.8%              24.2%              33.9%
        Standard  Products  segment  non-GAAP                                                                            
          gross  margin                                                            29.2%              23.8%              33.9%
                                                                                                                                                        
    Standard  Products  segment  GAAP                                                                                        
      operating  profit                                                            21                      9                    43  
        PPA  effects                                                                  (14)                (15)                (15)
        Restructuring                                                                (2)                    5                      -  
        Stock  based  compensation                                          (4)                  (4)                  (2)
        Other  incidentals                                                        (2)                  (3)                    2  
                                                                                  ----------    ----------    ----------  
    Standard  Products  segment  non-GAAP                                                                                
      operating  profit                                            $              43    $              26    $              58  
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
        Standard  Products  segment  GAAP                                                                                    
          operating  margin                                                      7.2%                3.2%              13.6%
        Standard  Products  segment  non-GAAP                                                                            
          operating  margin                                                    14.8%                9.3%              18.4%
                                                                                                                                                        
                                                                                                                                                        
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NXP  Semiconductors                                                                                                                    
Table  4:  Reconciliation  of  GAAP  to  non-GAAP  Segment  Results  (unaudited)          
  (con't)                                                                                                                                        
                                                                                                                                                        
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($  in  millions)                                                                    Three  Months  Ended                  
                                                                                  ----------------------------------  
                                                                                    Sept.  29,      June  30,        Sept.  30,  
                                                                                        2013                2013                2012        
                                                                                  ----------    ----------    ----------  
Manufacturing  Operations  Revenue                  $              36    $              29    $              49  
    Percent  of  Total  Revenue                                            2.9%                2.4%                4.2%
    Manufacturing  Operations  segment  GAAP                                                                          
      gross  profit                                                                    (4)                  (6)                  (2)
        PPA  effects                                                                    (2)                  (3)                  (2)
        Restructuring                                                                (1)                  (2)                  (1)
        Stock  based  compensation                                            -                      -                      -  
        Other  incidentals                                                        (2)                  (1)                  (1)
                                                                                  ----------    ----------    ----------  
    Manufacturing  Operations  segment  non-                                                                          
      GAAP  gross  profit                                          $                1    $                -    $                2  
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
        Manufacturing  Operations  segment                                                                                
          GAAP  gross  margin                                                -11.1%            -20.7%              -4.1%
        Manufacturing  Operations  segment                                                                                
          non-GAAP  gross  margin                                            2.8%                0.0%                4.1%
                                                                                                                                                        
    Manufacturing  Operations  segment  GAAP                                                                          
      operating  profit                                                            (9)                (10)                  (6)
        PPA  effects                                                                    (6)                  (6)                  (5)
        Restructuring                                                                (1)                  (2)                  (1)
        Stock  based  compensation                                            -                      -                      -  
        Other  incidentals                                                        (2)                  (1)                  (2)
                                                                                  ----------    ----------    ----------  
    Manufacturing  Operations  segment  non-                                                                          
      GAAP  operating  profit                                  $                -    $              (1)  $                2  
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
        Manufacturing  Operations  segment                                                                                
          GAAP  operating  margin                                        -25.0%            -34.5%            -12.2%
        Manufacturing  Operations  segment                                                                                
          non-GAAP  operating  margin                                    0.0%              -3.4%                4.1%
                                                                                                                                                        
                                                                                                                                                        
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Corporate  and  Other  Revenue                            $                -    $                -    $                1  
    Percent  of  Total  Revenue                                            0.0%                0.0%                0.1%
    Corporate  and  Other  segment  GAAP  gross                                                                        
      profit                                                                                  -                      1                    (2)
        PPA  effects                                                                      -                      -                      -  
        Restructuring                                                                  -                      -                      -  
        Stock  based  compensation                                            -                      -                      -  
        Other  incidentals                                                          -                      -                      -  
                                                                                  ----------    ----------    ----------  
    Corporate  and  Other  segment  non-GAAP                                                                            
      gross  profit                                                    $                -    $                1    $              (2)
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
    Corporate  and  Other  segment  GAAP  gross                                                                        
      margin                                                                                NM                    NM                    NM  
    Corporate  and  Other  segment  non-GAAP                                                                            
      gross  margin                                                                    NM                    NM                    NM  
                                                                                                                                                        
    Corporate  and  Other  segment  GAAP                                                                                    
      operating  profit                                                          (28)                  (7)                (26)
        PPA  effects                                                                      -                      -                      -  
        Restructuring                                                              (16)                    4                    (4)
        Stock  based  compensation                                            -                      -                    (1)
        Other  incidentals                                                        (3)                  (4)                (11)
                                                                                  ----------    ----------    ----------  
    Corporate  and  Other  segment  non-GAAP                                                                            
      operating  profit                                            $              (9)  $              (7)  $            (10)
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
    Corporate  and  Other  segment  GAAP                                                                                    
      operating  margin                                                            NM                    NM                    NM  
    Corporate  and  Other  segment  non-GAAP                                                                            
      operating  margin                                                            NM                    NM                    NM  
                                                                                                                                                        
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NXP  Semiconductors                                                                                                                    
Table  5:  Financial  Reconciliation  of  GAAP  to  non-GAAP  Results  (unaudited)      
                                                                                                                                                        
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($  in  millions  except  share  data)                              Three  Months  Ended                    
                                                                              ------------------------------------  
                                                                                Sept.  29,          June  30,        Sept.  30,  
                                                                                    2013                    2013                2012        
                                                                              ----------        ----------    ----------  
                                                                                                                                                        
Revenue                                                                $        1,249        $        1,188    $        1,170  
                                                                                                                                                        
GAAP  Gross  profit                                            $            570        $            535    $            536  
    PPA  effects                                                                    (2)                      (3)                  (4)
    Restructuring                                                                (7)                        6                      -  
    Stock  Based  Compensation                                          (1)                      (3)                  (1)
    Other  incidentals                                                        (5)                      (5)                  (2)
    Other  adjustments                                                          -                          -                      -  
                                                                              ----------        ----------    ----------  
Non-GAAP  Gross  profit                                    $            585        $            540    $            543  
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
GAAP  Gross  margin                                                        45.6%                  45.0%              45.8%
                                                                                                                                                        
Non-GAAP  Gross  margin                                                46.8%                  45.5%              46.4%
                                                                                                                                                        
    GAAP  Research  and  development                $          (163)      $          (155)  $          (153)
        PPA  effects                                                                  -                          -                      -  
        Restructuring                                                              -                          -                      -  
        Stock  based  compensation                                      (3)                      (2)                  (1)
        Other  incidentals                                                      -                        (1)                  (3)
                                                                              ----------        ----------    ----------  
    Non-GAAP  Research  and  development        $          (160)      $          (152)  $          (149)
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
    GAAP  Selling,  general  and                                                                                                  
      administrative                                            $          (239)      $          (211)  $          (236)
        PPA  effects                                                              (64)                    (63)                (61)
        Restructuring                                                          (16)                        4                    (4)
        Stock  based  compensation                                    (16)                    (15)                (10)
        Other  incidentals                                                    (3)                      (4)                (10)
                                                                              ----------        ----------    ----------  
    Non-GAAP  Selling,  general  and                                                                                          
      administrative                                            $          (140)      $          (133)  $          (151)
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
    GAAP  Other  income  (expense)                    $                -        $                1    $              21  
        PPA  effects                                                                  -                          -                      -  
        Restructuring                                                              -                          -                      -  
        Other  incidentals                                                      -                          -                    20  
                                                                              ----------        ----------    ----------  
    Non-GAAP  Other  income  (expense)            $                -        $                1    $                1  
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
GAAP  Operating  income  (loss)                      $            168        $            170    $            168  
    PPA  effects                                                                  (66)                    (66)                (65)
    Restructuring                                                              (23)                      10                    (4)
    Stock  based  compensation                                        (20)                    (20)                (12)
    Other  incidentals                                                        (8)                    (10)                    5  
    Other  adjustments                                                          -                          -                      -  
                                                                              ----------        ----------    ----------  
Non-GAAP  Operating  income  (loss)              $            285        $            256    $            244  
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
GAAP  Operating  margin                                                13.5%                  14.3%              14.4%
                                                                                                                                                        
Non-GAAP  Operating  margin                                        22.8%                  21.5%              20.9%
                                                                                                                                                        
GAAP  Financial  income  (expense)                $                3        $            (46)  $            (33)
    Foreign  exchange  gain  (loss)  on  debt                  52                        32                    48  
    Gain  (loss)  on  extinguishment  of                                                                                    
      long  term  debt                                                              -                      (23)                (11)
    Other  financial  expense                                            (5)                      (8)                  (5)
                                                                              ----------        ----------    ----------  
Non-GAAP  Financial  income  (expense)        $            (44)      $            (47)  $            (65)
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
GAAP  Income  tax  benefit  (provision)        $              (1)      $                2    $              (6)
    Other  adjustments                                                          4                        11                      3  
                                                                              ----------        ----------    ----------  
Non-GAAP  Cash  tax  (expense)                        $              (5)      $              (9)  $              (9)
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
GAAP  Results  relating  to  equity-                                                                                        
  accounted  investees                                      $                2        $                3    $                2  
    Other  adjustments                                                          2                          3                      2  
                                                                              ----------        ----------    ----------  
Non-GAAP  Results  relating  to  equity-                                                                                
  accounted  investees                                      $                -        $                -    $                -  
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
GAAP  Income  (loss)  from  continuing                                                                                    
  operations                                                        $            172        $            129    $            131  
    PPA  effects                                                                  (66)                    (66)                (65)
    Restructuring                                                              (23)                      10                    (4)
    Stock  based  compensation                                        (20)                    (20)                (12)
    Other  incidentals                                                        (8)                    (10)                    5  
    Other  adjustments                                                        53  1)                  15                    37  
                                                                              ----------        ----------    ----------  
Non-GAAP  Income  (loss)  from  continuing                                                                            
  operations                                                        $            236        $            200    $            170  
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
                                                                                                                                                        
GAAP  Net  income  (loss)  attributable  to                                                                            
  stockholders                                                    $            155        $            111    $            115  
    PPA  effects                                                                  (66)                    (66)                (65)
    Restructuring                                                              (23)                      10                    (4)
    Stock  based  compensation                                        (20)                    (20)                (12)
    Other  incidentals                                                        (8)                    (10)                    5  
    Other  adjustments                                                        53                        15                    37  
                                                                              ----------        ----------    ----------  
Non-GAAP  Net  income  (loss)                                                                                                    
  attributable  to  stockholders                    $            219        $            182    $            154  
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
GAAP  Weighted  average  shares  -  diluted        256,777              255,265          253,060  
    Non-GAAP  Adjustment                                                      -                          -                      -  
                                                                              ----------        ----------    ----------  
Non-GAAP  Weighted  average  shares  -                                                                                    
  diluted                                                                    256,777              255,265          253,060  
                                                                              ==========        ==========    ==========  
                                                                                                                                                        
GAAP  Diluted  net  income  (loss)                                                                                            
  attributable  to  stockholders  per                                                                                      
  share                                                                  $          0.60        $          0.43    $          0.45  
Non-GAAP  Diluted  net  income  (loss)                                                                                    
  attributable  to  stockholders  per                                                                                      
  share                                                                  $          0.85        $          0.71    $          0.61  
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
                                                                                                                                                        
1)    Includes:  During  3Q13:  Foreign  exchange  gain  on  debt:  $52  million;  Other
        financial  expense:  ($5)  million;  Results  relating  to  equity-accounted      
        investees:  $2  million;  and  difference  between  book  and  cash  income            
        taxes:  $4  million.                                                                                                            
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
NXP  Semiconductors                                                                                                                    
Table  6:  Adjusted  EBITDA  and  Free  Cash  Flow  (unaudited)                                          
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
                                                                                                                                                        
($  in  millions)                                                                    Three  Months  Ended                  
                                                                                  ----------------------------------  
                                                                                    Sept.  29,      June  30,        Sept.  30,  
                                                                                        2013                2013                2012        
                                                                                  ----------    ----------    ----------  
                                                                                                                                                        
Net  Income                                                              $            172    $            129    $            131  
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
Reconciling  items  to  EBITDA                                                                                                  
    Financial  (income)  expense                                          (3)                  46                    33  
    (Benefit)  provision  for  income  taxes                        1                    (2)                    6  
    Depreciation                                                                      63                    61                    59  
    Amortization                                                                      74                    71                    69  
                                                                                  ----------    ----------    ----------  
EBITDA                                                                      $            307    $            305    $            298  
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
Reconciling  items  to  adjusted  EBITDA                                                                                
    Results  of  equity-accounted  investees                    (2)                  (3)                  (2)
    Restructuring  1)                                                              17                  (11)                    3  
    Stock  based  compensation                                              20                    20                    12  
    Other  incidental  items  1)                                              8                      9                    (5)
    Other  adjustments                                                              -                      -                      -  
                                                                                  ----------    ----------    ----------  
Adjusted  EBITDA                                                    $            350    $            320    $            306  
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
Trailing  twelve  month  adjusted  EBITDA        $        1,279    $        1,235    $        1,030  
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
1)  Excluding  depreciation  property,                                                                                  
  plant  and  equipment  and  amortization                                                                              
  software  related  to:                                                                                                              
                                                                                                                                                        
        Restructuring                                                                  6                      1                      1  
        Other  incidental  items                                                -                      1                      -  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
                                                                                                                                                        
($  in  millions)                                                                    Three  Months  Ended                  
                                                                                  ----------------------------------  
                                                                                    Sept.  29,      June  30,        Sept.  30,  
                                                                                        2013                2013                2012        
                                                                                  ----------    ----------    ----------  
                                                                                                                                                        
Net  cash  provided  by  (used  for)                                                                                          
  operating  activities                                        $            298    $            160    $            192  
                                                                                  ==========    ==========    ==========  
Net  capital  expenditures  on  property,                                                                              
  plant  and  equipment                                                        (54)                (46)                (92)
                                                                                  ----------    ----------    ----------  
                                                                                                                                                        
Non-GAAP  free  cash  flow                                    $            244    $            114    $            100  
Non-GAAP  free  cash  flow  as  a  percent  of                                                                          
  Revenue                                                                                  20%                  10%                    9%
                                                                                                                                                        
---------------------------------------------------------------------------  
                                                                                                                                                        
                                                                                                                                                        
 

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