NXP Semiconductors Reports Second Quarter 2016 Results


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



($ in millions)	Three Months Ended
	July 3, 2016			April 3, 2016			July 5, 2015

Net Income (loss)	$	1		$	(387	)	$	321

Reconciling items to EBITDA
Financial (income) expense		126			116			(2	)
(Benefit) provision for income taxes		(152	)		(199	)		14
Depreciation		165			149			57
Amortization		455			380			41
EBITDA	$	595		$	59		$	431

Reconciling items to adjusted EBITDA
Results of equity-accounted investees		(1	)		(1	)		(1	)
Purchase accounting effect on inventory		-			448			-
Restructuring ¹⁾		39			20			9
Stock based compensation		80			99			36
Merger-related costs		11			5			4
Other incidental items ¹⁾		(8	)		2			3
Adjusted EBITDA	$	716		$	632		$	482

Trailing twelve month adjusted EBITDA	$	2,377		$	2,143		$	1,831


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

Restructuring		1			-			-
Other incidental items		(5	)		-			(2	)




($ in millions)	Three Months Ended
	July 3, 2016			April 3, 2016			July 5, 2015

Net cash provided by (used for) operating activities	$	434		$	414		$	351
Net capital expenditures on property, plant and equipment		(71	)		(88	)		(89	)

Non-GAAP free cash flow	$	363		$	326		$	262
Non-GAAP free cash flow as a percent of Revenue		15	%		15	%		17	%

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