| NXP Semiconductors | ||||||||||||||||||||||
|
Table 3: Condensed consolidated statement of cash flows (unaudited)
| ||||||||||||||||||||||
| ($ in millions) | Three Months Ended | Full Year | ||||||||||||||||||||
|
December 31,
2016 |
October 2,
2016 |
December 31,
2015 |
2016 |
2015 | ||||||||||||||||||
| Cash Flows from operating activities | ||||||||||||||||||||||
| Net income (loss) | $ | 145 | $ | 108 | $ | 989 | $ | (133 | ) | $ | 1,599 | |||||||||||
| Adjustments to reconcile net income (loss): | ||||||||||||||||||||||
| Depreciation and amortization | 530 | 526 | 230 | 2,205 | 517 | |||||||||||||||||
| Stock-based compensation | 82 | 77 | 111 | 338 | 216 | |||||||||||||||||
| Excess tax benefits from share-based compensation plans | - | (1 | ) | - | (5 | ) | - | |||||||||||||||
| Change in fair value of warrant liability | - | - | 1 | - | 31 | |||||||||||||||||
| Amortization of discount on debt | 10 | 9 | 11 | 34 | 39 | |||||||||||||||||
| Amortization of debt issuance costs | 4 | 3 | 11 | 16 | 11 | |||||||||||||||||
| Net (gain) loss on sale of assets | - | - | (1,258 | ) | (11 | ) | (1,263 | ) | ||||||||||||||
| Loss (gain) on extinguishment of debt | - | 6 | - | 32 | - | |||||||||||||||||
| Results relating to equity accounted investees | (4 | ) | (5 | ) | (2 | ) | (11 | ) | (9 | ) | ||||||||||||
| Changes in deferred taxes | (77 | ) | (64 | ) | (174 | ) | (533 | ) | (168 | ) | ||||||||||||
| Changes in operating assets and liabilities: | ||||||||||||||||||||||
| (Increase) decrease in receivables and other current assets | 67 | (57 | ) | 71 | (51 | ) | (78 | ) | ||||||||||||||
| (Increase) decrease in inventories | 24 | 57 | 154 | 568 | 82 | |||||||||||||||||
| Increase (decrease) in accounts payable and accrued liabilities | (39 | ) | 50 | 95 | (156 | ) | 127 | |||||||||||||||
| Decrease (Increase) in other non-current assets | 6 | (4 | ) | 9 | 5 | 30 | ||||||||||||||||
| Exchange differences | (3 | ) | 4 | 31 | 15 | 193 | ||||||||||||||||
| Other items | (8 | ) | 9 | (8 | ) | (10 | ) | 3 | ||||||||||||||
| Net cash provided by (used for) operating activities | 737 | 718 | 271 | 2,303 | 1,330 | |||||||||||||||||
| Cash flows from investing activities: | ||||||||||||||||||||||
| Purchase of identified intangible assets | (25 | ) | (9 | ) | (5 | ) | (59 | ) | (12 | ) | ||||||||||||
| Capital expenditures on property, plant and equipment | (131 | ) | (99 | ) | (92 | ) | (389 | ) | (341 | ) | ||||||||||||
| Proceeds from disposals of property, plant and equipment | - | 1 | 1 | 1 | 7 | |||||||||||||||||
| Purchase of businesses | - | (200 | ) | (1,587 | ) | (202 | ) | (1,692 | ) | |||||||||||||
| Proceeds from sale of interests in businesses | - | 2 | 1,604 | 20 | 1,605 | |||||||||||||||||
| Proceeds from return of equity investment | - | - | - | - | 1 | |||||||||||||||||
| Other | (1 | ) | - | 2 | 2 | 2 | ||||||||||||||||
| Net cash provided by (used for) investing activities | (157 | ) | (305 | ) | (77 | ) | (627 | ) | (430 | ) | ||||||||||||
| Cash flows from financing activities: | ||||||||||||||||||||||
| Net (repayments) borrowings of short-term debt | - | - | (1 | ) | (6 | ) | (2 | ) | ||||||||||||||
| Amounts drawn under the revolving credit facility | - | 200 | - | 200 | - | |||||||||||||||||
| Repayments under the revolving credit facility | (200 | ) | - | - | (200 | ) | - | |||||||||||||||
| Repurchase of long-term debt | - | (1,219 | ) | (3,586 | ) | (3,295 | ) | (3,586 | ) | |||||||||||||
| Principal payments on long-term debt | (9 | ) | (7 | ) | (8 | ) | (38 | ) | (32 | ) | ||||||||||||
| Proceeds from the issuance of long-term debt | - | 1,509 | 2,680 | 3,259 | 3,680 | |||||||||||||||||
| Cash paid for debt issuance costs | - | (12 | ) | (22 | ) | (26 | ) | (32 | ) | |||||||||||||
| Dividends paid to non-controlling interests | - | (126 | ) | - | (126 | ) | (51 | ) | ||||||||||||||
| Cash proceeds from exercise of stock options | 25 | 18 | 18 | 115 | 51 | |||||||||||||||||
| Purchase of treasury shares | (62 | ) | (555 | ) | (151 | ) | (1,280 | ) | (475 | ) | ||||||||||||
| Hold-back payments on prior acquisitions | - | - | - | - | (2 | ) | ||||||||||||||||
| Excess tax benefits from share-based compensation plans | - | 1 | - | 5 | - | |||||||||||||||||
| Net cash provided by (used for) financing activities | (246 | ) | (191 | ) | (1,070 | ) | (1,392 | ) | (449 | ) | ||||||||||||
| Effect of changes in exchange rates on cash positions | (9 | ) | 12 | (2 | ) | (4 | ) | (22 | ) | |||||||||||||
| Increase (decrease) in cash and cash equivalents | 325 | 234 | (878 | ) | 280 | 429 | ||||||||||||||||
| Cash and cash equivalents at beginning of period | 1,569 | 1,335 | 2,492 | 1,614 | 1,185 | |||||||||||||||||
| Cash and cash equivalents at end of period | 1,894 | 1,569 | 1,614 | 1,894 | 1,614 | |||||||||||||||||
| Net cash paid during the period for: | ||||||||||||||||||||||
| Interest | 109 | 57 | 63 | 348 | 172 | |||||||||||||||||
| Income taxes | 16 | 19 | 19 | 67 | 40 | |||||||||||||||||
NXP Semiconductors Reports Fourth Quarter and Full-Year 2016 Results
 |  | More IC News
|
|
RELATED NEWS
