NXP Semiconductors Reports Fourth Quarter and Full-Year 2015

NXP Semiconductors Reports Fourth Quarter and Full-Year 2015 Results

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



($ in millions)	Three Months Ended									Full Year
	Dec. 31, 2015			Oct. 4, 2015			Dec. 31, 2014			2015			2014


Net Income	$	989		$	379		$	167		$	1,599		$	607

Reconciling items to EBITDA
Financial (income) expense		174			(16	)		137			529			410
(Benefit) provision for income taxes		(148	)		15			9			(104	)		40
Depreciation		89			58			58			262			219
Amortization		141			36			39			255			186
EBITDA	$	1,245		$	472		$	410		$	2,541		$	1,462

Reconciling items to adjusted EBITDA
Results of equity-accounted investees		(2	)		(3	)		(3	)		(9	)		(8	)
Purchase accounting effect on inventory		149			-			-			149			-
Restructuring ¹⁾		239			4			11			264			56
Stock based compensation		111			34			34			216			133
Merger-related costs		27			3			-			42			-
Other incidental items ¹⁾		(1,254	)		4			(1	)		(1,245	)		7
Adjusted EBITDA	$	515		$	514		$	451		$	1,958		$	1,650

Trailing twelve month adjusted EBITDA	$	1,958		$	1,894		$	1,650		$	1,958		$	1,650


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

Restructuring		-			-			1			-			1
Other incidental items		(3	)		(3	)		-			(8	)		1





($ in millions)	Three Months Ended									Full Year
	Dec. 31, 2015			Oct. 4, 2015			Dec. 31, 2014				2015			2014

Net cash provided by (used for) operating activities	$	271		$	340		$	556		$	1,330		$	1,468
Net capital expenditures on property, plant and equipment		(91	)		(74	)		(105	)		(334	)		(325	)

Non-GAAP free cash flow	$	180		$	266		$	451		$	996		$	1,143
Non-GAAP free cash flow as a percent of Revenue		11	%		17	%		29	%		16	%		20	%

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 Next Page »