NXP Semiconductors
Table 5: Adjusted EBITDA and Free Cash Flow (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| July 4, 2021 | April 4, 2021 | June 28, 2020 | |||||||||
| Net income (loss) | $ | 406 | $ | 364 | $ | (209) | |||||
| Reconciling items to adjusted net income | |||||||||||
| Financial (income) expense | 100 | 87 | 96 | ||||||||
| (Benefit) provision for income taxes | 65 | 40 | (33) | ||||||||
| Depreciation | 135 | 132 | 136 | ||||||||
| Amortization | 170 | 209 | 407 | ||||||||
| Adjusted net income | $ | 876 | $ | 832 | $ | 397 | |||||
| Reconciling items to adjusted EBITDA | |||||||||||
| Results of equity-accounted investees | 2 | 1 | 1 | ||||||||
| Restructuring | 1 | — | 8 | ||||||||
| Stock based costs | 93 | 91 | 105 | ||||||||
| Merger-related costs | — | — | 3 | ||||||||
| Other incidental items | 4 | 11 | 3 | ||||||||
| Adjusted EBITDA | $ | 976 | $ | 935 | $ | 517 | |||||
| Trailing twelve month adjusted EBITDA | $ | 3,546 | $ | 3,087 | $ | 2,802 | |||||
| ($ in millions) | Three months ended | ||||||||||
| July 4, 2021 | April 4, 2021 | June 28, 2020 | |||||||||
| Net cash provided by (used for) operating activities | $ | 636 | $ | 732 | $ | 414 | |||||
| Net capital expenditures on property, plant and equipment | (150) | (150) | (74) | ||||||||
| Non-GAAP free cash flow | $ | 486 | $ | 582 | $ | 340 | |||||
| Non-GAAP free cash flow as percent of Revenue | 19 | % | 23 | % | 19 | % | |||||
