Freescale Semiconductor, Ltd. | ||||||||||||
EBITDA and Adjusted EBITDA Reconciliations | ||||||||||||
(Unaudited) | ||||||||||||
Three Months Ended | ||||||||||||
(in millions) | Sep 27, | Jun 28, | Sep 28, | |||||||||
2013 | 2013 | 2012 | ||||||||||
EBITDA excluding the effects of other items | $ | 236 | $ | 212 | $ | 198 | ||||||
Non-cash share-based compensation expense (c) | 12 | 12 | 12 | |||||||||
Fair value adjustment on interest rate derivatives (d) | - | - | 7 | |||||||||
Loss on extinguishment or modification of long-term debt (f) | 1 | 59 | 3 | |||||||||
Reorganization of business and other (g) | 2 | 10 | (3 | ) | ||||||||
EBITDA | 221 | 131 | 179 | |||||||||
Depreciation | 45 | 46 | 44 | |||||||||
Amortization* | 20 | 19 | 20 | |||||||||
Interest expense, net | 118 | 125 | 125 | |||||||||
Income tax expense | 15 | 6 | 14 | |||||||||
Net earnings (loss) |
$ | 23 | $ | (65 | ) | $ | (24 | ) | ||||
Twelve Months
Sep 27, 2013 |
||||||||||||
(in millions) | ||||||||||||
Net loss | $ | (125 | ) | |||||||||
Interest expense, net | 491 | |||||||||||
Income tax benefit | (7 | ) | ||||||||||
Depreciation and amortization expense* | 258 | |||||||||||
Non-cash share-based compensation expense (c) | 48 | |||||||||||
Fair value adjustment on interest rate derivatives (d) | (1 | ) | ||||||||||
Loss on extinguishment or modification of long-term debt (f) | 83 | |||||||||||
Reorganization of business and other (g) | 30 | |||||||||||
Cost savings (h) | 41 | |||||||||||
Other terms (i) | 10 | |||||||||||
Adjusted EBITDA | $ | 828 | ||||||||||
*Excludes amortization of debt issuance costs, which are included in interest expense, net. |