NXP Semiconductors Reports Third Quarter 2024 Results



NXP Semiconductors
Table 7: Financial Reconciliation of GAAP to non-GAAP Results relating to equity-accounted investees (unaudited)

($ in millions) Three months ended
  September 29, 2024  June 30, 2024  October 1, 2023
GAAP Results relating to equity-accounted investees $ (6 )  $ (3 )  $ (2 )
Results of equity-accounted investees, excluding Foundry investees1 (6)  (3)  (2)
Non-GAAP Results relating to equity-accounted investees $    $    $  
      
Additional Information:
  1. We adjust our results relating to equity-accounted investees for those results from investments over which NXP has significant influence, but not control, and whose business activities are not related to the core operating performance of NXP. Our equity-investments in foundry partners are part of our long-term core operating performance and accordingly those results comprise the Non-GAAP Results relating to equity-accounted investees.



NXP Semiconductors
Table 8: Adjusted EBITDA and Free Cash Flow (unaudited)

($ in millions) Three months ended
  September 29, 2024  June 30, 2024  October 1, 2023
GAAP Net income (loss) $ 729     $ 664     $ 792  
Reconciling items to EBITDA (Non-GAAP)          
Financial (income) expense   82       75       75  
(Benefit) provision for income taxes   173       154       123  
Depreciation   149       146       163  
Amortization   69       67       110  
EBITDA (Non-GAAP) $ 1,202     $ 1,106     $ 1,263  
Reconciling items to adjusted EBITDA (Non-GAAP)          
Results of equity-accounted investees, excluding Foundry investees 1   6       3       2  
Restructuring         6       (4 )
Share-based compensation   115       114       103  
Other incidental items   6       14       27  
Adjusted EBITDA (Non-GAAP) $ 1,329     $ 1,243     $ 1,391  
Trailing twelve month adjusted EBITDA (Non-GAAP)   5,235       5,297       5,384  
           
           
Additional Information:          
  1. Refer to Table 7 above for further information regarding the results relating to equity-accounted investees.
           
           
($ in millions) Three months ended
  September 29, 2024   June 30, 2024   October 1, 2023
Net cash provided by (used for) operating activities $ 779     $ 761     $ 988  
Net capital expenditures on property, plant and equipment   (186 )     (184 )     (200 )
Non-GAAP free cash flow $ 593     $ 577     $ 788  
Trailing twelve month non-GAAP free cash flow $ 2,759     $ 2,954     $ 2,568  
Trailing twelve month non-GAAP free cash flow  as percent of Revenue   21 %     23 %     20 %
           

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