NXP Semiconductors
Table 5: Adjusted EBITDA and Free Cash Flow (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| March 31, 2024 | December 31, 2023 | April 2, 2023 | |||||||||
| GAAP Net income (loss) | $ | 644 | $ | 703 | $ | 623 | |||||
| Reconciling items to EBITDA (Non-GAAP) | |||||||||||
| Financial (income) expense | 70 | 78 | 82 | ||||||||
| (Benefit) provision for income taxes | 141 | 124 | 118 | ||||||||
| Depreciation | 145 | 167 | 160 | ||||||||
| Amortization | 90 | 102 | 123 | ||||||||
| EBITDA (Non-GAAP) | $ | 1,090 | $ | 1,174 | $ | 1,106 | |||||
| Reconciling items to adjusted EBITDA (Non-GAAP) | |||||||||||
| Results of equity-accounted investees | 1 | 2 | 2 | ||||||||
| Restructuring | 7 | 84 | 18 | ||||||||
| Share-based compensation | 115 | 107 | 99 | ||||||||
| Other incidental items | 39 | 44 | 42 | ||||||||
| Adjusted EBITDA (Non-GAAP) | $ | 1,252 | $ | 1,411 | $ | 1,267 | |||||
| Trailing twelve month adjusted EBITDA (Non-GAAP) | $ | 5,395 | $ | 5,410 | $ | 5,457 | |||||
| 1) Excluding depreciation/amortization within: | |||||||||||
| — other incidental items | — | — | $ | 2 | |||||||
| ($ in millions) | Three months ended | ||||||||||
| March 31, 2024 | December 31, 2023 | April 2, 2023 | |||||||||
| Net cash provided by (used for) operating activities | $ | 851 | $ | 1,137 | $ | 632 | |||||
| Net capital expenditures on property, plant and equipment | (224 | ) | (175 | ) | (251 | ) | |||||
| Non-GAAP free cash flow | $ | 627 | $ | 962 | $ | 381 | |||||
| Trailing twelve month non-GAAP free cash flow | $ | 2,933 | $ | 2,687 | $ | 2,638 | |||||
| Trailing twelve month non-GAAP free cash flow as percent of Revenue | 22 | % | 20 | % | 20 | % | |||||
