Intersil Corporation

Condensed Consolidated Statements of Cash Flows

Unaudited

(In thousands)

Quarter Ended

Apr. 1,

Jan. 1,

Apr. 3, 

2016

2016

2015

Q1 2016

Q4 2015

Q1 2015

Operating activities:

Net income (loss)

$           11,751

$      21,302

$    (68,824)

   Depreciation

3,579

3,557

4,486

   Amortization of purchased intangibles

3,528

4,261

5,561

   Equity-based compensation

6,482

5,148

5,756

   Deferred income taxes

-

(2,247)

373

   Other

21

(2,300)

(1,059)

   Net changes in operating assets and liabilities

(7,691)

1,467

80,502

    Net cash flows provided by operating activities

17,670

31,188

26,795

Investing activities:

   Proceeds from investments

28

150

588

   Net capital expenditures

(2,716)

(1,214)

(4,990)

    Net cash flows used in investing activities

(2,688)

(1,064)

(4,402)

Financing activities:

   Proceeds from equity-based awards, net

6,417

4,610

4,355

   Dividends paid

(15,987)

(16,008)

(15,697)

     Net cash flows used in financing activities

(9,570)

(11,398)

(11,342)

Effect of exchange rates on cash and cash equivalents

791

(221)

(1,367)

     Net change in cash and cash equivalents

6,203

18,505

9,684

Cash and cash equivalents as of the beginning of the period

247,403

228,898

211,216

    Cash and cash equivalents as of the end of the period

$         253,606

$    247,403

$    220,900