| Fairchild Semiconductor International, Inc. | ||||||||||||||||
| Consolidated Statements of Cash Flows | ||||||||||||||||
| (In millions) | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||
| June 26, | June 28, | June 26, | June 28, | |||||||||||||
| 2016 | 2015 | 2016 | 2015 | |||||||||||||
| Cash flows from operating activities: | ||||||||||||||||
| Net income (loss) | $ | 6.9 | $ | (0.9 | ) | $ | 21.7 | $ | 0.2 | |||||||
| Adjustments to reconcile net income (loss) to cash provided by operating activities | ||||||||||||||||
| Depreciation and amortization | 27.4 | 35.4 | 55.0 | 72.0 | ||||||||||||
| Non-cash stock-based compensation expense | 7.1 | 9.8 | 14.6 | 16.6 | ||||||||||||
| Goodwill impairment charge | — | — | — | 0.6 | ||||||||||||
| Deferred income taxes, net | (0.2 | ) | (0.3 | ) | (0.7 | ) | (0.5 | ) | ||||||||
| Other | 0.9 | 0.9 | (11.3 | ) | 0.8 | |||||||||||
| Changes in operating assets and liabilities, net | 29.0 | 3.6 | (7.3 | ) | (55.8 | ) | ||||||||||
| Net cash provided by operating activities | $ | 71.1 | $ | 48.5 | $ | 72.0 | $ | 33.9 | ||||||||
| Cash flows from investing activities: | ||||||||||||||||
| Capital expenditures | $ | (13.3 | ) | $ | (14.6 | ) | $ | (25.8 | ) | $ | (29.0 | ) | ||||
| Proceeds from the sale of restructuring property, plant and equipment, including held for sale assets | 0.5 | 0.3 | 15.9 | 1.6 | ||||||||||||
| Proceeds from the sale of property, plant and equipment | — | 0.1 | — | 0.1 | ||||||||||||
| Maturity of marketable securities | — | — | 0.2 | 0.1 | ||||||||||||
| Other | (0.3 | ) | (0.3 | ) | (0.6 | ) | (0.5 | ) | ||||||||
| Net cash used in investing activities | $ | (13.1 | ) | $ | (14.5 | ) | $ | (10.3 | ) | $ | (27.7 | ) | ||||
| Cash flows from financing activities: | ||||||||||||||||
| Proceeds from issuance of stock for share-based compensation arrangements | $ | — | $ | 0.5 | $ | 0.3 | $ | 1.4 | ||||||||
| Purchase of treasury stock | — | (21.3 | ) | — | (60.5 | ) | ||||||||||
| Shares withheld for employees taxes | (1.0 | ) | (0.8 | ) | (12.4 | ) | (9.9 | ) | ||||||||
| Other | — | (0.1 | ) | — | (0.1 | ) | ||||||||||
| Net cash used in financing activities | $ | (1.0 | ) | $ | (21.7 | ) | $ | (12.1 | ) | $ | (69.1 | ) | ||||
| Net change in cash and cash equivalents | 57.0 | 12.3 | 49.6 | (62.9 | ) | |||||||||||
| Cash and cash equivalents at beginning of period | 272.0 | 277.7 | 279.4 | 352.9 | ||||||||||||
| Cash and cash equivalents at end of period | $ | 329.0 | $ | 290.0 | $ | 329.0 | $ | 290.0 | ||||||||
Fairchild Reports Results for the Second Quarter of 2016
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