| Fairchild Semiconductor International, Inc. | ||||||||
| Consolidated Statements of Cash Flows | ||||||||
| (In millions) | ||||||||
| (Unaudited) | ||||||||
| Three Months Ended | ||||||||
| March 27, | March 29, | |||||||
| 2016 | 2015 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income | $ | 14.8 | $ | 1.1 | ||||
| Adjustments to reconcile net income to cash provided by (used in) operating activities | ||||||||
| Depreciation and amortization | 27.6 | 36.6 | ||||||
| Non-cash stock-based compensation expense | 7.5 | 6.8 | ||||||
| Goodwill impairment charge | — | 0.6 | ||||||
| Deferred income taxes, net | (0.5 | ) | (0.2 | ) | ||||
| Other | (12.2 | ) | (0.1 | ) | ||||
| Changes in operating assets and liabilities, net | (36.3 | ) | (59.4 | ) | ||||
| Net cash provided by (used in) operating activities | $ | 0.9 | $ | (14.6 | ) | |||
| Cash flows from investing activities: | ||||||||
| Capital expenditures | $ | (12.5 | ) | $ | (14.4 | ) | ||
| Proceeds from the sale of property, plant and equipment, including held for sale assets | 15.4 | 1.3 | ||||||
| Maturity of marketable securities | 0.2 | 0.1 | ||||||
| Other | (0.3 | ) | (0.2 | ) | ||||
| Net cash provided by (used in) investing activities | $ | 2.8 | $ | (13.2 | ) | |||
| Cash flows from financing activities: | ||||||||
| Proceeds from issuance of stock for share-based compensation arrangements | $ | 0.3 | $ | 0.9 | ||||
| Purchase of treasury stock | — | (39.2 | ) | |||||
| Shares withheld for employees taxes | (11.4 | ) | (9.1 | ) | ||||
| Net cash used in financing activities | $ | (11.1 | ) | $ | (47.4 | ) | ||
| Net change in cash and cash equivalents | (7.4 | ) | (75.2 | ) | ||||
| Cash and cash equivalents at beginning of period | 279.4 | 352.9 | ||||||
| Cash and cash equivalents at end of period | $ | 272.0 | $ | 277.7 | ||||
Fairchild Reports Results for the First Quarter of 2016
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