Freescale Semiconductor Announces Third Quarter 2015 Results



Freescale Semiconductor, Ltd.
EBITDA, EBITDA Excluding the Effects of Other Items, Adjusted EBITDA, Free Cash Flow and Adjusted Cash Flows from Operating Activities Reconciliations
(Unaudited)

	Three Months Ended
(in millions)	Oct 2, 2015		Jul 3, 2015		Oct 3, 2014

EBITDA excluding the effects of other items	$	308	$	320	$	304
Non-cash share-based compensation expense (b)		21		21		16
Loss on extinguishment or modification of long-term debt (e)		19		9		10
Reorganization of business, merger expenses and other (c)		35		6		8
EBITDA		233		284		270
Depreciation		44		43		44
Amortization*		22		23		22
Interest expense, net		66		72		81
Income tax expense (benefit)		21		24		(2	)
Net earnings	$	80	$	122	$	125


	Twelve Months Ended Oct 2, 2015
(in millions)

Net earnings	$	335
Interest expense, net		294
Income tax expense		83
Depreciation and amortization expense*		263
Non-cash share-based compensation expense (b)		83
Loss on extinguishment or modification of long-term debt (e)		59
Reorganization of business, merger expenses and other (c)		79
Other terms (f)		3
Adjusted EBITDA	$	1,199

*Excludes amortization of debt issuance costs, which are included in interest expense, net.


	Three Months Ended
(in millions)	Oct 2, 2015		Jul 3, 2015		Oct 3, 2014

Free cash flow	$	119	$	202	$	133
Purchases of property, plant and equipment		40		47		63
Adjusted cash flows from operating activities		159		249		196
Excess tax benefits from share-based compensation (g)		1		8		-
Cash flows from operating activities	$	158	$	241	$	196

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