| Freescale Semiconductor, Ltd. | ||||||||||
| EBITDA, Adjusted EBITDA, Free Cash Flow and Adjusted Cash Flows from Operating Activities Reconciliations | ||||||||||
| (Unaudited) | ||||||||||
| Three Months Ended | ||||||||||
| (in millions) |
Apr 3,
2015 |
Dec 31,
2014 |
Apr 4,
2014 |
|||||||
| EBITDA excluding the effects of other items | $ | 294 | $ | 274 | $ | 244 | ||||
| Non-cash share-based compensation expense (b) | 24 | 17 | 17 | |||||||
| Loss on extinguishment or modification of long-term debt (e) | 21 | 10 | 59 | |||||||
| Reorganization of business, merger expenses and other (c) | 26 | 12 | 11 | |||||||
| EBITDA | 223 | 235 | 157 | |||||||
| Depreciation | 43 | 44 | 43 | |||||||
| Amortization* | 22 | 22 | 19 | |||||||
| Interest expense, net | 78 | 78 | 102 | |||||||
| Income tax expense | 10 | 28 | 16 | |||||||
| Net earnings (loss) | $ | 70 | $ | 63 | $ | (23 | ) | |||
|
Twelve Months
Ended Apr 3, 2015 |
||||||||||
| (in millions) | ||||||||||
| Net earnings | $ | 344 | ||||||||
| Interest expense, net | 319 | |||||||||
| Income tax expense | 47 | |||||||||
| Depreciation and amortization expense* | 260 | |||||||||
| Non-cash share-based compensation expense (b) | 74 | |||||||||
| Loss on extinguishment or modification of long-term debt (e) | 41 | |||||||||
| Reorganization of business, merger expenses and other (c) | 52 | |||||||||
| Other terms (g) | 8 | |||||||||
| Adjusted EBITDA | $ | 1,145 | ||||||||
| *Excludes amortization of debt issuance costs, which are included in interest expense, net. | ||||||||||
| (in millions) |
Apr 3,
2015 |
Dec 31,
2014 |
Apr 4,
2014 |
|||||||
| Free cash flow | $ | 101 | $ | 92 | $ | (26 | ) | |||
| Purchases of property, plant and equipment | 50 | 74 | 56 | |||||||
| Adjusted cash flows from operating activities | 151 | 166 | 30 | |||||||
| Excess tax benefits from share-based compensation (h) | 17 | 2 | 4 | |||||||
| Cash flows from operating activities | $ | 134 | $ | 164 | $ | 26 | ||||
Freescale Semiconductor Announces First Quarter 2015 Results
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