NXP Semiconductors Reports First Quarter 2016 Results


NXP Semiconductors
Table 6: Adjusted EBITDA and Free Cash Flow (unaudited)



($ in millions)	Three Months Ended
	April 3, 2016			Dec. 31, 2015			April 5, 2015

Net Income (loss)	$	(387	)	$	989		$	(90	)

Reconciling items to EBITDA
Financial (income) expense		116			174			373
(Benefit) provision for income taxes		(199	)		(148	)		15
Depreciation		149			89			58
Amortization		380			141			37
EBITDA	$	59		$	1,245		$	393

Reconciling items to adjusted EBITDA
Results of equity-accounted investees		(1	)		(2	)		(3	)
Purchase accounting effect on inventory		448			149			-
Restructuring ¹⁾		20			239			12
Stock based compensation		99			111			35
Merger-related costs		5			27			8
Other incidental items ¹⁾		2			(1,254	)		2
Adjusted EBITDA	$	632		$	515		$	447

Trailing twelve month adjusted EBITDA	$	2,143		$	1,958		$	1,740


¹⁾ Excluding depreciation property, plant and equipment and amortization of software related to:

Other incidental items		-			(3	)		-





($ in millions)	Three Months Ended
	April 3, 2016			Dec. 31, 2015			April 5, 2015

Net cash provided by (used for) operating activities	$	414		$	271		$	368
Net capital expenditures on property, plant and equipment		(88	)		(91	)		(80	)

Non-GAAP free cash flow	$	326		$	180		$	288
Non-GAAP free cash flow as a percent of Revenue		15	%		11	%		20	%

 For  further  information,  please  contact:

Investors:				
Jeff  Palmer				
jeff.palmer@nxp.com			
+1  408  518  5411				

Media:
Jacey  Zuniga
jacey.zuniga@nxp.com  
+1  512  895  7398

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