|
NXP Semiconductors
Table 5: Adjusted EBITDA and Free Cash Flow (unaudited) | ||||||||||||||
| ($ in millions) | Three months ended | |||||||||||||
|
September 27,
2020 | June 28, 2020 |
September 29,
2019 | ||||||||||||
| Net income (loss) | $ | (18 | ) | $ | (209 | ) | $ | 119 | ||||||
| Reconciling items to adjusted net income | ||||||||||||||
| Financial (income) expense | 106 | 96 | 85 | |||||||||||
| (Benefit) provision for income taxes | (57 | ) | (33 | ) | 28 | |||||||||
| Depreciation | 139 | 136 | 135 | |||||||||||
| Amortization | 450 | 407 | 382 | |||||||||||
| Adjusted net income | $ | 620 | $ | 397 | $ | 749 | ||||||||
| Reconciling items to adjusted EBITDA | ||||||||||||||
| Results of equity-accounted investees | 1 | 1 | 1 | |||||||||||
| Restructuring | 21 | 8 | (1 | ) | ||||||||||
| Stock based costs | 83 | 105 | 84 | |||||||||||
| Merger-related costs | 1 | 3 | 6 | |||||||||||
| Other incidental items 1) | 2 | 3 | (17 | ) | ||||||||||
| Adjusted EBITDA | $ | 728 | $ | 517 | $ | 822 | ||||||||
| Trailing twelve month adjusted EBITDA | $ | 2,708 | $ | 2,802 | $ | 3,126 | ||||||||
| 1) Excluding amortization related to: | ||||||||||||||
| – other incidental items | $ | 6 | $ | — | $ | — | ||||||||
| ($ in millions) | Three months ended | |||||||||||||
|
September 27,
2020 | June 28, 2020 |
September 29,
2019 | ||||||||||||
| Net cash provided by (used for) operating activities | $ | 527 | $ | 414 | $ | 746 | ||||||||
| Net capital expenditures on property, plant and equipment | (68 | ) | (74 | ) | (115 | ) | ||||||||
| Non-GAAP free cash flow | $ | 459 | $ | 340 | $ | 631 | ||||||||
| Non-GAAP free cash flow as percent of Revenue | 20 | % | 19 | % | 28 | % | ||||||||
