| Freescale Semiconductor, Ltd. | |||||||||
| EBITDA, Adjusted EBITDA, Free Cash Flow and Adjusted Cash Flows from Operating Activities Reconciliations | |||||||||
| (Unaudited) | |||||||||
| Three Months Ended | |||||||||
| (in millions) |
Jul 3,
2015 |
Apr 3,
2015 |
Jul 4,
2014 |
||||||
| EBITDA excluding the effects of other items | $ | 320 | $ | 294 | $ | 265 | |||
| Non-cash share-based compensation expense (b) | 21 | 24 | 17 | ||||||
| Loss on extinguishment or modification of long-term debt (e) | 9 | 21 | - | ||||||
| Reorganization of business, merger expenses and other (c) | 6 | 26 | 6 | ||||||
| EBITDA | 284 | 223 | 242 | ||||||
| Depreciation | 43 | 43 | 42 | ||||||
| Amortization* | 23 | 22 | 21 | ||||||
| Interest expense, net | 72 | 78 | 82 | ||||||
| Income tax expense | 24 | 10 | 11 | ||||||
| Net earnings | $ | 122 | $ | 70 | $ | 86 | |||
|
Twelve Months
Ended Jul 3, 2015 |
|||||||||
| (in millions) | |||||||||
| Net earnings | $ | 380 | |||||||
| Interest expense, net | 309 | ||||||||
| Income tax expense | 60 | ||||||||
| Depreciation and amortization expense* | 263 | ||||||||
| Non-cash share-based compensation expense (b) | 78 | ||||||||
| Loss on extinguishment or modification of long-term debt (e) | 50 | ||||||||
| Reorganization of business, merger expenses and other (c) | 52 | ||||||||
| Other terms (f) | 4 | ||||||||
| Adjusted EBITDA | $ | 1,196 | |||||||
| *Excludes amortization of debt issuance costs, which are included in interest expense, net. | |||||||||
| Three Months Ended | |||||||||
| (in millions) |
Jul 3,
2015 |
Apr 3,
2015 |
Jul 4,
2014 |
||||||
| Free cash flow | $ | 202 | $ | 101 | $ | 63 | |||
| Purchases of property, plant and equipment | 47 | 50 | 56 | ||||||
| Adjusted cash flows from operating activities | 249 | 151 | 119 | ||||||
| Excess tax benefits from share-based compensation (g) | 8 | 17 | 1 | ||||||
| Cash flows from operating activities | $ | 241 | $ | 134 | $ | 118 | |||
|
Freescale Semiconductor Announces Second Quarter 2015 Results
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