NXP Semiconductors
Table 5: Adjusted EBITDA and Free Cash Flow (unaudited)
| ($ in millions) | Three months ended | Full-year | |||||||||||||||||
|
December 31,
2023 |
October 1,
2023 |
December 31,
2022 | 2023 | 2022 | |||||||||||||||
| GAAP Net income (loss) | $ | 703 | $ | 792 | $ | 734 | $ | 2,822 | $ | 2,833 | |||||||||
| Reconciling items to EBITDA (Non-GAAP) | |||||||||||||||||||
| Financial (income) expense | 78 | 75 | 103 | 309 | 434 | ||||||||||||||
| (Benefit) provision for income taxes | 124 | 123 | 137 | 523 | 529 | ||||||||||||||
| Depreciation | 167 | 163 | 158 | 652 | 605 | ||||||||||||||
| Amortization | 102 | 110 | 144 | 454 | 645 | ||||||||||||||
| EBITDA (Non-GAAP) | $ | 1,174 | $ | 1,263 | $ | 1,276 | $ | 4,760 | $ | 5,046 | |||||||||
| Reconciling items to adjusted EBITDA (Non-GAAP) | |||||||||||||||||||
| Results of equity-accounted investees | 2 | 2 | 6 | 7 | 1 | ||||||||||||||
| Restructuring | 84 | (4 | ) | (2 | ) | 98 | (7 | ) | |||||||||||
| Share-based compensation | 107 | 103 | 97 | 411 | 364 | ||||||||||||||
| Other incidental items | 44 | 27 | 8 | 134 | 65 | ||||||||||||||
| Adjusted EBITDA (Non-GAAP) | $ | 1,411 | $ | 1,391 | $ | 1,385 | $ | 5,410 | $ | 5,469 | |||||||||
| Trailing twelve month adjusted EBITDA (Non-GAAP) | $ | 5,410 | $ | 5,384 | $ | 5,469 | $ | 5,410 | $ | 5,469 | |||||||||
| 1) Excluding depreciation/amortization within: | |||||||||||||||||||
| – other incidental items | $ | — | $ | — | $ | — | $ | 2 | $ | — | |||||||||
| ($ in millions) | Three months ended | Full-year | |||||||||||||||||
|
December 31,
2023 |
October 1,
2023 |
December 31,
2022 | 2023 | 2022 | |||||||||||||||
| Net cash provided by (used for) operating activities | $ | 1,137 | $ | 988 | $ | 1,076 | $ | 3,513 | $ | 3,895 | |||||||||
| Net capital expenditures on property, plant and equipment | (175 | ) | (200 | ) | (233 | ) | (826 | ) | (1,061 | ) | |||||||||
| Non-GAAP free cash flow | $ | 962 | $ | 788 | $ | 843 | $ | 2,687 | $ | 2,834 | |||||||||
| Trailing twelve month non-GAAP free cash flow | $ | 2,687 | $ | 2,568 | $ | 2,834 | $ | 2,687 | $ | 2,834 | |||||||||
| Trailing twelve month non-GAAP free cash flow as percent of Revenue | 20 | % | 20 | % | 21 | % | 20 | % | 21 | % | |||||||||
