Freescale Semiconductor Announces Fourth Quarter and Full-Year

Freescale Semiconductor Announces Fourth Quarter and Full-Year 2013 Results


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

	Three Months Ended								Twelve Months Ended
(in millions)	Dec 31, 2013			Sep 27, 2013		Dec 31, 2012			Dec 31, 2013			Dec 31, 2012

EBITDA excluding the effects of other items	$	236		$	236	$	152		$	862		$	744
Non-cash share-based compensation expense (c)		12			12		12			48			43
Fair value adjustment on interest rate derivatives (d)		-			-		-			(1	)		17
Loss on extinguishment or modification of long-term debt (f)		135			1		1			217			32
Reorganization of business and other (g)		14			2		20			24			(15	)
EBITDA		75			221		119			574			667
Depreciation		45			45		45			181			179
Amortization*		20			20		19			78			78
Interest expense, net		119			118		127			483			510
Income tax expense (benefit)		9			15		(37	)		40			2
Net (loss) earnings	$	(118	)	$	23	$	(35	)	$	(208	)	$	(102	)



	Twelve Months Ended Dec 31, 2013
(in millions)

Net loss	$	(208	)
Interest expense, net		483
Income tax expense		40
Depreciation and amortization expense*		259
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)		217
Reorganization of business and other (g)		24
Cost savings (h)		24
Other terms (i)		7
Adjusted EBITDA	$	893

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

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