NXP Semiconductors
Table 5: Adjusted EBITDA and Free Cash Flow (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| October 2, 2022 | July 3, 2022 | October 3, 2021 | |||||||||
| Net income (loss) | $ | 750 | $ | 683 | $ | 526 | |||||
| Reconciling items to adjusted net income | |||||||||||
| Financial (income) expense | 98 | 128 | 93 | ||||||||
| (Benefit) provision for income taxes | 149 | 129 | 95 | ||||||||
| Depreciation | 156 | 149 | 139 | ||||||||
| Amortization | 165 | 168 | 167 | ||||||||
| Adjusted net income | $ | 1,318 | $ | 1,257 | $ | 1,020 | |||||
| Reconciling items to adjusted EBITDA | |||||||||||
| Results of equity-accounted investees | 4 | 3 | (3 | ) | |||||||
| Restructuring | — | (4 | ) | — | |||||||
| Stock based costs | 89 | 89 | 81 | ||||||||
| Other incidental items | 33 | 16 | 8 | ||||||||
| Adjusted EBITDA | $ | 1,444 | $ | 1,361 | $ | 1,106 | |||||
| Trailing twelve month adjusted EBITDA | $ | 5,299 | $ | 4,961 | $ | 3,924 | |||||
| ($ in millions) | Three months ended | ||||||||||
| October 2, 2022 | July 3, 2022 | October 3, 2021 | |||||||||
| Net cash provided by (used for) operating activities | $ | 1,144 | $ | 819 | $ | 924 | |||||
| Net capital expenditures on property, plant and equipment | (281 | ) | (268 | ) | (200 | ) | |||||
| Non-GAAP free cash flow | $ | 863 | $ | 551 | $ | 724 | |||||
| Trailing twelve month non-GAAP free cash flow | $ | 2,510 | $ | 2,371 | $ | 2,718 | |||||
| Trailing twelve month non-GAAP free cash flow as percent of Revenue | 19 | % | 19 | % | 26 | % | |||||
