| | |
NXP Semiconductors | | | | | | | | |
| | |
Table 6: Adjusted EBITDA and Free Cash Flow (unaudited) | | | | | | | | |
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|
|
|
|
|
| |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | ($ in millions) | |
Three Months Ended | | |
| | | | |
July 2, 2017 | |
April 2, 2017 | |
July 3, 2016 | | |
| | | | | | | | | | | |
| | |
Net Income (loss) | |
$ |
63 | | |
$ |
1,318 | | |
$ |
1 | | | |
| | | | | | | | | | | |
| | |
Reconciling items to EBITDA | | | | | | | | |
| | | Financial (income) expense | | | 75 | | | | 136 | | | | 126 | | | |
| | | (Benefit) provision for income taxes | | | (54 | ) | | | 230 | | | | (152 | ) | | |
| | | Depreciation | | | 155 | | | | 154 | | | | 165 | | | |
| | | Amortization | | | 405 | | | | 380 | | | | 455 | | | |
| | |
EBITDA | |
$ |
644 | | |
$ |
2,218 | | |
$ |
595 | | | |
| | | | | | | | | | | |
| | |
Reconciling items to adjusted EBITDA | | | | | | | | |
| | | Results of equity-accounted investees | | | (34 | ) | | | (5 | ) | | | (1 | ) | | |
| | | Restructuring 1) | | | 2 | | | | (8 | ) | | | 39 | | | |
| | | Stock based compensation | | | 67 | | | | 68 | | | | 80 | | | |
| | | Merger-related costs 1) | | | 35 | | | | 30 | | | | 11 | | | |
| | | Other incidental items 1) | | | 16 | | | | (1,596 | ) | | | (8 | ) | | |
| | |
Adjusted EBITDA | |
$ |
730 | | |
$ |
707 | | |
$ |
716 | | | |
| | | | | | | | | | | |
| | |
Trailing twelve month adjusted EBITDA | |
$ |
3,070 | | |
$ |
3,056 | | |
$ |
2,377 | | | |
| | |
|
|
|
|
|
|
|
| |
| | | | | | | | | | | |
| | | 1) Excluding depreciation property, plant and equipment and amortization of software related to: | | | | |
| | | | | | | | | | | |
| | | Restructuring | | | - | | | | - | | | | 1 | | | |
| | | Other incidental items | | | - | | | | (4 | ) | | | (5 | ) | | |
| | | | | | | | | | | |
| | |
|
|
|
|
|
|
|
| |
| | | | | | | | | | | |
| | | ($ in millions) | |
Three Months Ended | | |
| | | | |
July 2, 2017 | |
April 2, 2017 | |
July 3, 2016 | | |
| | | | | | | | | | | |
| | |
Net cash provided by (used for) operating activities
| |
$ |
441 | | |
$ |
625 | | |
$ |
434 | | | |
| | | Net capital expenditures on property, plant and equipment | | | (96 | ) | | | (161 | ) | | | (71 | ) | | |
| | | | | | | | | | | |
| | |
Non-GAAP free cash flow | |
$ |
345 | | |
$ |
464 | | |
$ |
363 | | | |
| | |
Non-GAAP free cash flow as a percent of Revenue | | |
16 |
% | | |
21 |
% | | |
15 |
% | | |
| | |
|
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For further information, please contact:
Investors:
Jeff Palmer
jeff.palmer@nxp.com
+1 408 518 5411
Media:
Joon Knapen
joon.knapen@nxp.com
+49 151 257 43 299
