NXP Semiconductors
Table 5: Adjusted EBITDA and Free Cash Flow (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| July 2, 2023 | April 2, 2023 | July 3, 2022 | |||||||||
| GAAP Net income (loss) | $ | 704 | $ | 623 | $ | 683 | |||||
| Reconciling items to EBITDA (Non-GAAP) | |||||||||||
| Financial (income) expense | 74 | 82 | 128 | ||||||||
| (Benefit) provision for income taxes | 158 | 118 | 129 | ||||||||
| Depreciation | 162 | 160 | 149 | ||||||||
| Amortization | 119 | 123 | 168 | ||||||||
| EBITDA (Non-GAAP) | $ | 1,217 | $ | 1,106 | $ | 1,257 | |||||
| Reconciling items to adjusted EBITDA (Non-GAAP) | |||||||||||
| Results of equity-accounted investees | 1 | 2 | 3 | ||||||||
| Restructuring | — | 18 | (4 | ) | |||||||
| Share-based compensation | 102 | 99 | 89 | ||||||||
| Other incidental items 1) | 21 | 42 | 16 | ||||||||
| Adjusted EBITDA (Non-GAAP) | $ | 1,341 | $ | 1,267 | $ | 1,361 | |||||
| Trailing twelve month adjusted EBITDA (Non-GAAP) | $ | 5,437 | $ | 5,457 | $ | 4,961 | |||||
| 1) Excluding depreciation/amortization within: | |||||||||||
| – other incidental items | $ | — | $ | 2 | $ | — | |||||
| ($ in millions) | Three months ended | ||||||||||
| July 2, 2023 | April 2, 2023 | July 3, 2022 | |||||||||
| Net cash provided by (used for) operating activities | $ | 756 | $ | 632 | $ | 819 | |||||
| Net capital expenditures on property, plant and equipment | (200 | ) | (251 | ) | (268 | ) | |||||
| Non-GAAP free cash flow | $ | 556 | $ | 381 | $ | 551 | |||||
| Trailing twelve month non-GAAP free cash flow | $ | 2,643 | $ | 2,638 | $ | 2,371 | |||||
|
Trailing twelve month non-GAAP free cash flow
as percent of Revenue | 20 | % | 20 | % | 19 | % | |||||
