| | | | | | | | | |
|
NXP Semiconductors | | |
|
Table 6: Adjusted EBITDA and Free Cash Flow (unaudited) | | |
|
|
|
|
|
|
|
|
| |
| | | | | | | | | |
| | | | | | | | | |
| ($ in millions) | |
Three Months Ended | | |
| | |
April 2, 2017 | |
December 31, 2016 | |
April 3, 2016 | | |
| | | | | | | | | |
|
Net Income (loss) | |
$ |
1,318 | | |
$ |
537 | | |
$ |
(387 |
) | | |
| | | | | | | | | |
|
Reconciling items to EBITDA | | | | | | | | |
| Financial (income) expense | | | 136 | | | | 96 | | | | 116 | | | |
| (Benefit) provision for income taxes | | | 230 | | | | (456 | ) | | | (199 | ) | | |
| Depreciation | | | 154 | | | | 149 | | | | 149 | | | |
| Amortization | | | 380 | | | | 381 | | | | 380 | | | |
|
EBITDA | |
$ |
2,218 | | |
$ |
707 | | |
$ |
59 | | | |
| | | | | | | | | |
|
Reconciling items to adjusted EBITDA | | | | | | | | |
| Results of equity-accounted investees | | | (5 | ) | | | (4 | ) | | | (1 | ) | | |
| Purchase accounting effect on inventory | | | - | | | | - | | | | 448 | | | |
| Restructuring 1) | | | (8 | ) | | | 5 | | | | 20 | | | |
| Stock based compensation | | | 68 | | | | 82 | | | | 99 | | | |
| Merger-related costs 1) | | | 30 | | | | 37 | | | | 5 | | | |
| Other incidental items 1) | | | (1,596 | ) | | | 6 | | | | 2 | | | |
|
Adjusted EBITDA | |
$ |
707 | | |
$ |
833 | | |
$ |
632 | | | |
| | | | | | | | | |
|
Trailing twelve month adjusted EBITDA | |
$ |
3,056 | | |
$ |
2,981 | | |
$ |
2,143 | | | |
|
|
|
|
|
|
|
|
| |
| | | | | | | | | |
1) Excluding depreciation property, plant and equipment and amortization of software related to:
| | |
| Restructuring | | | - | | | | - | | | | - | | | |
| Other incidental items | | | (4 | ) | | | (15 | ) | | | - | | | |
|
|
|
|
|
|
|
|
| |
| | | | | | | | | |
| | | | | | | | | |
| ($ in millions) | |
Three Months Ended | | |
| | |
April 2, 2017 | |
December 31, 2016 | |
April 3, 2016 | | |
| | | | | | | | | |
|
Net cash provided by (used for) operating activities
| |
$ |
625 | | |
$ |
737 | | |
$ |
414 | | | |
| Net capital expenditures on property, plant and equipment | | | (161 | ) | | | (131 | ) | | | (88 | ) | | |
|
Non-GAAP free cash flow | |
$ |
464 | | |
$ |
606 | | |
$ |
326 | | | |
|
Non-GAAP free cash flow as a percent of Revenue | | |
21 |
% | | |
25 |
% | | |
15 |
% | | |
|
|
|
|
|
|
|
|
| |
| | | | | | | | | |
For further information, please contact:
Investors:
Jeff Palmer
jeff.palmer@nxp.com
+1 408 518 5411
Media:
Jacey Zuniga
jacey.zuniga@nxp.com
+1 512 895 7398
