| | | | | | | | |
|
NXP Semiconductors | |
|
Table 6: Adjusted EBITDA and Free Cash Flow (unaudited) | |
|
|
|
|
|
|
|
|
|
| | | | | | | | |
| | | | | | | | |
| ($ in millions) | |
Three Months Ended | |
| | |
April 3, 2016 | |
Dec. 31,
2015 | |
April 5, 2015 | |
| | | | | | | | |
|
Net Income (loss) | |
$ |
(387 |
) | |
$ |
989 | | |
$ |
(90 |
) | |
| | | | | | | | |
|
Reconciling items to EBITDA | | | | | | | |
| Financial (income) expense | | | 116 | | | | 174 | | | | 373 | | |
| (Benefit) provision for income taxes | | | (199 | ) | | | (148 | ) | | | 15 | | |
| Depreciation | | | 149 | | | | 89 | | | | 58 | | |
| Amortization | | | 380 | | | | 141 | | | | 37 | | |
|
EBITDA | |
$ |
59 | | |
$ |
1,245 | | |
$ |
393 | | |
| | | | | | | | |
|
Reconciling items to adjusted EBITDA | | | | | | | |
| Results of equity-accounted investees | | | (1 | ) | | | (2 | ) | | | (3 | ) | |
| Purchase accounting effect on inventory | | | 448 | | | | 149 | | | | - | | |
| Restructuring 1) | | | 20 | | | | 239 | | | | 12 | | |
| Stock based compensation | | | 99 | | | | 111 | | | | 35 | | |
| Merger-related costs | | | 5 | | | | 27 | | | | 8 | | |
| Other incidental items 1) | | | 2 | | | | (1,254 | ) | | | 2 | | |
|
Adjusted EBITDA | |
$ |
632 | | |
$ |
515 | | |
$ |
447 | | |
| | | | | | | | |
|
Trailing twelve month adjusted EBITDA | |
$ |
2,143 | | |
$ |
1,958 | | |
$ |
1,740 | | |
|
|
|
|
|
|
|
|
|
| | | | | | | | |
| 1) Excluding depreciation property, plant and equipment and amortization of software related to: | | | | | | | | | |
| | | | | | | | |
| Other incidental items | | | - | | | | (3 | ) | | | - | | |
| | | | | | | | |
| | | | | | | | |
|
|
|
|
|
|
|
|
|
| | | | | | | | |
| | | | | | | | |
| ($ in millions) | |
Three Months Ended | |
| | |
April 3, 2016 | |
Dec. 31,
2015 | |
April 5, 2015 | |
| | | | | | | | |
|
Net cash provided by (used for) operating activities
| |
$ |
414 | | |
$ |
271 | | |
$ |
368 | | |
| Net capital expenditures on property, plant and equipment | | | (88 | ) | | | (91 | ) | | | (80 | ) | |
| | | | | | | | |
|
Non-GAAP free cash flow | |
$ |
326 | | |
$ |
180 | | |
$ |
288 | | |
|
Non-GAAP free cash flow as a percent of Revenue | | |
15 |
% | | |
11 |
% | | |
20 |
% | |
|
|
|
|
|
|
|
|
|
| | | | | | | | |
For further information, please contact:
Investors:
Jeff Palmer
jeff.palmer@nxp.com
+1 408 518 5411
Media:
Jacey Zuniga
jacey.zuniga@nxp.com
+1 512 895 7398
