NXP Semiconductors
Table 3: Condensed consolidated statement of cash flows (unaudited)
| ($ in millions) | Three months ended | |||||||
| July 4, 2021 | April 4, 2021 | June 28, 2020 | ||||||
| Cash flows from operating activities: | ||||||||
| Net income (loss) | $ | 406 | $ | 364 | $ | (209) | ||
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | ||||||||
| Depreciation and amortization | 305 | 341 | 543 | |||||
| Stock-based compensation | 93 | 91 | 105 | |||||
| Amortization of discount (premium) on debt, net | 1 | — | (1) | |||||
| Amortization of debt issuance costs | 1 | 2 | 3 | |||||
| Results relating to equity-accounted investees | 2 | 1 | 1 | |||||
| (Gain) loss on equity securities, net | 5 | (3) | — | |||||
| Deferred tax expense (benefit) | — | 12 | (81) | |||||
| Changes in operating assets and liabilities: | ||||||||
| (Increase) decrease in receivables and other current assets | (135) | (95) | 224 | |||||
| (Increase) decrease in inventories | (60) | (26) | — | |||||
| Increase (decrease) in accounts payable and other liabilities | 73 | 51 | (160) | |||||
| (Increase) decrease in other non-current assets | (52) | (8) | (11) | |||||
| Exchange differences | 1 | (1) | 5 | |||||
| Other items | (4) | 3 | (5) | |||||
| Net cash provided by (used for) operating activities | 636 | 732 | 414 | |||||
| Cash flows from investing activities: | ||||||||
| Purchase of identified intangible assets | (35) | (37) | (28) | |||||
| Capital expenditures on property, plant and equipment | (150) | (150) | (75) | |||||
| Proceeds from the disposals of property, plant and equipment | — | — | 1 | |||||
| Purchase of interests in businesses, net of cash acquired | (1) | — | (11) | |||||
| Purchase of investments | (4) | (2) | — | |||||
| Proceeds from the sale of investments | — | 8 | — | |||||
| Proceeds from return of equity investments | 1 | — | — | |||||
| Net cash provided by (used for) investing activities | (189) | (181) | (113) | |||||
| Cash flows from financing activities: | ||||||||
| Proceeds from the issuance of long-term debt | 2,000 | — | 2,000 | |||||
| Cash paid for debt issuance costs | (22) | — | (15) | |||||
| Dividends paid to common stockholders | (155) | (105) | (105) | |||||
| Proceeds from issuance of common stock through stock plans | — | 31 | 8 | |||||
| Purchase of treasury shares and restricted stock unit withholdings | (1,203) | (905) | (3) | |||||
| Other, net | (1) | — | — | |||||
| Net cash provided by (used for) financing activities | 619 | (979) | 1,885 | |||||
| Effect of changes in exchange rates on cash positions | 2 | (5) | 1 | |||||
| Increase (decrease) in cash and cash equivalents | 1,068 | (433) | 2,187 | |||||
| Cash and cash equivalents at beginning of period | 1,842 | 2,275 | 1,079 | |||||
| Cash and cash equivalents at end of period | 2,910 | 1,842 | 3,266 | |||||
| Net cash paid during the period for: | ||||||||
| Interest | 104 | 56 | 104 | |||||
| Income taxes, net of refunds | 121 | 40 | 25 | |||||
| Non-cash investing activities: | ||||||||
| Non-cash capital expenditures | 167 | 121 | 54 | |||||
