Freescale Semiconductor Announces Third Quarter 2013 Results


Freescale Semiconductor, Ltd.
EBITDA and Adjusted EBITDA Reconciliations
(Unaudited)

	Three Months Ended
(in millions)	Sep 27,			Jun 28,			Sep 28,
		2013			2013			2012

EBITDA excluding the effects of other items	$	236		$	212		$	198
Non-cash share-based compensation expense (c)		12			12			12
Fair value adjustment on interest rate derivatives (d)		-			-			7
Loss on extinguishment or modification of long-term debt (f)		1			59			3
Reorganization of business and other (g)		2			10			(3	)
EBITDA		221			131			179
Depreciation		45			46			44
Amortization*		20			19			20
Interest expense, net		118			125			125
Income tax expense		15			6			14
Net earnings (loss)	$	23		$	(65	)	$	(24	)



	Twelve Months Ended Sep 27, 2013
(in millions)

Net loss	$	(125	)
Interest expense, net		491
Income tax benefit		(7	)
Depreciation and amortization expense*		258
Non-cash share-based compensation expense (c)		48
Fair value adjustment on interest rate derivatives (d)		(1	)
Loss on extinguishment or modification of long-term debt (f)		83
Reorganization of business and other (g)		30
Cost savings (h)		41
Other terms (i)		10
Adjusted EBITDA	$	828

*Excludes amortization of debt issuance costs, which are included in interest expense, net.

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