| |
|
|
|
|
|
|
|
|
NXP Semiconductors |
|
|
Table 3: Condensed consolidated statement of cash flows (unaudited) |
|
| |
|
| |
|
|
|
|
|
|
|
| ($ in millions) |
|
Three Months Ended |
|
| |
|
October 4, 2015 |
|
July 5,
2015 |
|
Sept. 28,
2014 |
|
| |
|
|
|
|
|
|
|
|
Cash Flows from operating activities |
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$ |
379 |
|
|
$ |
321 |
|
|
$ |
138 |
|
|
| Adjustments to reconcile net income (loss): |
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
94 |
|
|
|
98 |
|
|
|
103 |
|
|
| Stock-based compensation |
|
|
34 |
|
|
|
36 |
|
|
|
34 |
|
|
| Change in fair value of the Warrant liability |
|
|
(67 |
) |
|
|
(18 |
) |
|
|
- |
|
|
| Amortization of discount on convertible debt |
|
|
9 |
|
|
|
9 |
|
|
|
- |
|
|
| Net (gain) loss on sale of assets |
|
|
(4 |
) |
|
|
(1 |
) |
|
|
(1 |
) |
|
| Results relating to equity accounted investees |
|
|
(3 |
) |
|
|
(1 |
) |
|
|
(3 |
) |
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
| (Increase) decrease in trade receivables |
|
|
(78 |
) |
|
|
14 |
|
|
|
(98 |
) |
|
| (Increase) decrease in inventories |
|
|
(5 |
) |
|
|
(14 |
) |
|
|
(6 |
) |
|
| Increase (decrease) in trade payables |
|
|
(3 |
) |
|
|
(20 |
) |
|
|
54 |
|
|
| (Increase) decrease in other receivables |
|
|
(17 |
) |
|
|
7 |
|
|
|
18 |
|
|
| Increase (decrease) in other payables |
|
|
(2 |
) |
|
|
(53 |
) |
|
|
46 |
|
|
| Changes in deferred taxes |
|
|
4 |
|
|
|
(3 |
) |
|
|
(6 |
) |
|
| Exchange differences |
|
|
(6 |
) |
|
|
(40 |
) |
|
|
131 |
|
|
| Other items |
|
|
5 |
|
|
|
16 |
|
|
|
(13 |
) |
|
|
Net cash provided by (used for) operating activities |
|
|
340 |
|
|
|
351 |
|
|
|
397 |
|
|
| |
|
|
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
| Purchase of identified intangible assets |
|
|
(1 |
) |
|
|
(4 |
) |
|
|
(8 |
) |
|
| Capital expenditures on property, plant and equipment |
|
|
(78 |
) |
|
|
(91 |
) |
|
|
(82 |
) |
|
| Proceeds from disposals of property, plant and equipment |
|
|
4 |
|
|
|
2 |
|
|
|
1 |
|
|
| Purchase of interests in businesses |
|
|
- |
|
|
|
(2 |
) |
|
|
- |
|
|
| Proceeds from sale of interests in businesses |
|
|
- |
|
|
|
1 |
|
|
|
- |
|
|
| Other |
|
|
(1 |
) |
|
|
- |
|
|
|
(1 |
) |
|
|
Net cash (used for) provided by investing activities |
|
|
(76 |
) |
|
|
(94 |
) |
|
|
(90 |
) |
|
| |
|
|
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
| Net (repayments) borrowings of short-term debt |
|
|
(1 |
) |
|
|
1 |
|
|
|
(17 |
) |
|
| Repayments under the revolving credit facility |
|
|
- |
|
|
|
- |
|
|
|
(50 |
) |
|
| Amounts drawn under the revolving credit facility |
|
|
- |
|
|
|
- |
|
|
|
300 |
|
|
| Principal payments on long-term debt |
|
|
(6 |
) |
|
|
(8 |
) |
|
|
(5 |
) |
|
| Net proceeds from the issuance of long-term debt |
|
|
- |
|
|
|
990 |
|
|
|
- |
|
|
| Dividends paid to non-controlling interests |
|
|
(51 |
) |
|
|
- |
|
|
|
(50 |
) |
|
| Cash proceeds from exercise of stock options |
|
|
8 |
|
|
|
9 |
|
|
|
25 |
|
|
| Purchase of treasury shares |
|
|
(158 |
) |
|
|
(162 |
) |
|
|
(574 |
) |
|
| Hold-back payments on prior acquisitions |
|
|
- |
|
|
|
(2 |
) |
|
|
- |
|
|
|
Net cash provided by (used for) financing activities |
|
|
(208 |
) |
|
|
828 |
|
|
|
(371 |
) |
|
| |
|
|
|
|
|
|
|
| Effect of changes in exchange rates on cash positions |
|
|
1 |
|
|
|
(5 |
) |
|
|
(3 |
) |
|
|
Increase (decrease) in cash and cash equivalents |
|
|
57 |
|
|
|
1,080 |
|
|
|
(67 |
) |
|
|
Cash and cash equivalents at beginning of period |
|
|
2,435 |
|
|
|
1,355 |
|
|
|
661 |
|
|
|
Cash and cash equivalents at end of period |
|
|
2,492 |
|
|
|
2,435 |
|
|
|
594 |
|
|
| |
|
| |
|
|
|
|
|
|
|
