NXP Semiconductors Reports Third Quarter 2015 Results
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NXP Semiconductors |
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Table 6: Adjusted EBITDA and free cash flow (unaudited) |
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| ($ in millions) |
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Three Months Ended |
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October 4, 2015 |
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July 5,
2015 |
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Sept. 28,
2014 |
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Net Income |
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$ |
379 |
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$ |
321 |
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$ |
138 |
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Reconciling items to EBITDA |
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| Financial (income) expense |
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(16 |
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(2 |
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168 |
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| (Benefit) provision for income taxes |
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15 |
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14 |
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4 |
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| Depreciation |
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58 |
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57 |
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55 |
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| Amortization |
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36 |
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41 |
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48 |
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EBITDA |
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$ |
472 |
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$ |
431 |
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$ |
413 |
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Reconciling items to adjusted EBITDA |
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| Results of equity-accounted investees |
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(3 |
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(1 |
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(3 |
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| Restructuring 1) |
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4 |
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9 |
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6 |
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| Stock based compensation |
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34 |
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36 |
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34 |
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| Other incidental items 1) |
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7 |
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7 |
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1 |
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Adjusted EBITDA |
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$ |
514 |
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$ |
482 |
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$ |
451 |
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Trailing twelve month adjusted EBITDA |
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$ |
1,894 |
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$ |
1,831 |
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$ |
1,586 |
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| 1) Excluding depreciation property, plant and equipment and amortization of software related to: |
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| Other incidental items |
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(3 |
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(2 |
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- |
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| ($ in millions) |
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Three Months Ended |
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October 4, 2015 |
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July 5,
2015 |
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Sept. 28,
2014 |
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Net cash provided by (used for) operating activities
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$ |
340 |
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$ |
351 |
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$ |
397 |
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| Net capital expenditures on property, plant and equipment |
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(74 |
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(89 |
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(81 |
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Non-GAAP free cash flow |
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$ |
266 |
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$ |
262 |
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$ |
316 |
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Non-GAAP free cash flow as a percent of Revenue |
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17 |
% |
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17 |
% |
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21 |
% |
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