| Freescale Semiconductor, Ltd. | ||||||||||||
| EBITDA and Adjusted EBITDA Reconciliations | ||||||||||||
| (Unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
| (in millions) | Sep 27, | Jun 28, | Sep 28, | |||||||||
| 2013 | 2013 | 2012 | ||||||||||
| EBITDA excluding the effects of other items | $ | 236 | $ | 212 | $ | 198 | ||||||
| Non-cash share-based compensation expense (c) | 12 | 12 | 12 | |||||||||
| Fair value adjustment on interest rate derivatives (d) | - | - | 7 | |||||||||
| Loss on extinguishment or modification of long-term debt (f) | 1 | 59 | 3 | |||||||||
| Reorganization of business and other (g) | 2 | 10 | (3 | ) | ||||||||
| EBITDA | 221 | 131 | 179 | |||||||||
| Depreciation | 45 | 46 | 44 | |||||||||
| Amortization* | 20 | 19 | 20 | |||||||||
| Interest expense, net | 118 | 125 | 125 | |||||||||
| Income tax expense | 15 | 6 | 14 | |||||||||
|
Net earnings (loss) |
$ | 23 | $ | (65 | ) | $ | (24 | ) | ||||
|
Twelve Months
Sep 27, 2013 |
||||||||||||
| (in millions) | ||||||||||||
| Net loss | $ | (125 | ) | |||||||||
| Interest expense, net | 491 | |||||||||||
| Income tax benefit | (7 | ) | ||||||||||
| Depreciation and amortization expense* | 258 | |||||||||||
| Non-cash share-based compensation expense (c) | 48 | |||||||||||
| Fair value adjustment on interest rate derivatives (d) | (1 | ) | ||||||||||
| Loss on extinguishment or modification of long-term debt (f) | 83 | |||||||||||
| Reorganization of business and other (g) | 30 | |||||||||||
| Cost savings (h) | 41 | |||||||||||
| Other terms (i) | 10 | |||||||||||
| Adjusted EBITDA | $ | 828 | ||||||||||
| *Excludes amortization of debt issuance costs, which are included in interest expense, net. | ||||||||||||
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Freescale Semiconductor Announces Third Quarter 2013 Results
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