Freescale Semiconductor Announces Second Quarter 2015 Results


Freescale Semiconductor, Ltd.
EBITDA, Adjusted EBITDA, Free Cash Flow and Adjusted Cash Flows from Operating Activities Reconciliations
(Unaudited)

	Three Months Ended
(in millions)	Jul 3, 2015		Apr 3, 2015		Jul 4, 2014

EBITDA excluding the effects of other items	$	320	$	294	$	265
Non-cash share-based compensation expense (b)		21		24		17
Loss on extinguishment or modification of long-term debt (e)		9		21		-
Reorganization of business, merger expenses and other (c)		6		26		6
EBITDA		284		223		242
Depreciation		43		43		42
Amortization*		23		22		21
Interest expense, net		72		78		82
Income tax expense		24		10		11
Net earnings	$	122	$	70	$	86



	Twelve Months Ended Jul 3, 2015
(in millions)

Net earnings	$	380
Interest expense, net		309
Income tax expense		60
Depreciation and amortization expense*		263
Non-cash share-based compensation expense (b)		78
Loss on extinguishment or modification of long-term debt (e)		50
Reorganization of business, merger expenses and other (c)		52
Other terms (f)		4
Adjusted EBITDA	$	1,196

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

	Three Months Ended
(in millions)	Jul 3, 2015		Apr 3, 2015		Jul 4, 2014

Free cash flow	$	202	$	101	$	63
Purchases of property, plant and equipment		47		50		56
Adjusted cash flows from operating activities		249		151		119
Excess tax benefits from share-based compensation (g)		8		17		1
Cash flows from operating activities	$	241	$	134	$	118

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