NXP Semiconductors
Table 5: Adjusted EBITDA and Free Cash Flow (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| July 3, 2022 | April 3, 2022 | July 4, 2021 | |||||||||
| Net income (loss) | $ | 683 | $ | 666 | $ | 406 | |||||
| Reconciling items to adjusted net income | |||||||||||
| Financial (income) expense | 128 | 105 | 100 | ||||||||
| (Benefit) provision for income taxes | 129 | 114 | 65 | ||||||||
| Depreciation | 149 | 142 | 135 | ||||||||
| Amortization | 168 | 168 | 170 | ||||||||
| Adjusted net income | $ | 1,257 | $ | 1,195 | $ | 876 | |||||
| Reconciling items to adjusted EBITDA | |||||||||||
| Results of equity-accounted investees | 3 | (12 | ) | 2 | |||||||
| Restructuring | (4 | ) | (1 | ) | 1 | ||||||
| Stock based costs | 89 | 89 | 93 | ||||||||
| Other incidental items | 16 | 8 | 4 | ||||||||
| Adjusted EBITDA | $ | 1,361 | $ | 1,279 | $ | 976 | |||||
| Trailing twelve month adjusted EBITDA | $ | 4,961 | $ | 4,576 | $ | 3,546 | |||||
| ($ in millions) | Three months ended | ||||||||||
| July 3, 2022 | April 3, 2022 | July 4, 2021 | |||||||||
| Net cash provided by (used for) operating activities | $ | 819 | $ | 856 | $ | 636 | |||||
| Net capital expenditures on property, plant and equipment | (268 | ) | (279 | ) | (150 | ) | |||||
| Non-GAAP free cash flow | $ | 551 | $ | 577 | $ | 486 | |||||
| Trailing twelve month non-GAAP free cash flow | $ | 2,371 | $ | 2,306 | $ | 2,453 | |||||
| Trailing twelve month non-GAAP free cash flow as percent of Revenue | 19 | % | 20 | % | 25 | % | |||||
