NXP Semiconductors
Table 5: Adjusted EBITDA and Free Cash Flow (unaudited)
| ($ in millions) | Three months ended | ||||||||||
| April 4, 2021 | December 31, 2020 | March 29, 2020 | |||||||||
| Net income (loss) | $ | 364 | $ | 320 | $ | (13 | ) | ||||
| Reconciling items to adjusted net income | |||||||||||
| Financial (income) expense | 87 | 137 | 78 | ||||||||
| (Benefit) provision for income taxes | 40 | 5 | 2 | ||||||||
| Depreciation | 132 | 139 | 133 | ||||||||
| Amortization | 209 | 177 | 407 | ||||||||
| Adjusted net income | $ | 832 | $ | 778 | $ | 607 | |||||
| Reconciling items to adjusted EBITDA | |||||||||||
| Results of equity-accounted investees | 1 | 1 | 1 | ||||||||
| Purchase accounting effect on inventory | — | — | 17 | ||||||||
| Restructuring | — | 38 | 11 | ||||||||
| Stock based costs | 91 | 89 | 107 | ||||||||
| Merger-related costs | — | — | 4 | ||||||||
| Other incidental items 1) | 11 | 1 | (107 | ) | |||||||
| Adjusted EBITDA | $ | 935 | $ | 907 | $ | 640 | |||||
| Trailing twelve month adjusted EBITDA | $ | 3,087 | $ | 2,792 | $ | 3,054 | |||||
| 1) Excluding amortization related to: | |||||||||||
| - other incidental items | $ | — | $ | 2 | $ | — | |||||
| ($ in millions) | Three months ended | ||||||||||
| April 4, 2021 | December 31, 2020 | March 29, 2020 | |||||||||
| Net cash provided by (used for) operating activities | $ | 732 | $ | 1,029 | $ | 512 | |||||
| Net capital expenditures on property, plant and equipment | (150 | ) | (103 | ) | (143 | ) | |||||
| Non-GAAP free cash flow | $ | 582 | $ | 926 | $ | 369 | |||||
| Non-GAAP free cash flow as percent of Revenue | 23 | % | 37 | % | 18 | % | |||||
