| SUNEDISON SEMICONDUCTOR LIMITED AND SUBSIDIARIES | |||||||||||||||||||||||||
| UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||||||||||||||||||
| (In millions) | |||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
| September 30, 2016 | June 30, 2016 | September 30, 2015 | September 30, 2016 | September 30, 2015 | |||||||||||||||||||||
| Cash flows from operating activities: | |||||||||||||||||||||||||
| Net loss | $ | (25.4 | ) | $ | (48.5 | ) | $ | (80.8 | ) | $ | (191.0 | ) | $ | (105.6 | ) | ||||||||||
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||||||||||||||||||
| Depreciation and amortization | 28.5 | 28.5 | 24.4 | 83.5 | 81.9 | ||||||||||||||||||||
| Loss on partial sale of SMP investment | — | — | — | 6.1 | — | ||||||||||||||||||||
| Long-lived asset impairment charges | 1.4 | 14.7 | 56.7 | 16.1 | 58.0 | ||||||||||||||||||||
| Stock-based compensation | 3.7 | 4.1 | 4.1 | 11.7 | 11.1 | ||||||||||||||||||||
| (Benefit) provision for deferred taxes | (0.7 | ) | 2.5 | 1.1 | 2.2 | 5.1 | |||||||||||||||||||
| Equity in loss of equity method investments | — | 11.0 | 0.4 | 97.2 | 1.4 | ||||||||||||||||||||
| Other | 0.6 | 0.6 | (1.6 | ) | 2.7 | (2.1 | ) | ||||||||||||||||||
| Changes in assets and liabilities: | |||||||||||||||||||||||||
| Accounts receivable | 4.9 | (2.1 | ) | 17.9 | (5.3 | ) | 8.3 | ||||||||||||||||||
| Inventories | 0.4 | (2.6 | ) | 0.3 | (1.7 | ) | 15.1 | ||||||||||||||||||
| Accounts receivable, affiliate | — | — | — | — | (8.0 | ) | |||||||||||||||||||
| Accounts payable, affiliate | — | — | — | — | 12.4 | ||||||||||||||||||||
| Prepaid and other current assets | (5.3 | ) | (5.0 | ) | (1.9 | ) | (3.1 | ) | (3.3 | ) | |||||||||||||||
| Accounts payable and accrued liabilities | 2.7 | 9.4 | (20.2 | ) | 6.4 | (5.4 | ) | ||||||||||||||||||
| Income taxes payable | 1.4 | (5.3 | ) | 3.0 | (0.3 | ) | 3.4 | ||||||||||||||||||
| Pension and post-employment liabilities | 0.3 | (0.3 | ) | 3.9 | (0.3 | ) | 3.4 | ||||||||||||||||||
| Restructuring liabilities | (0.9 | ) | (0.2 | ) | 1.4 | (0.9 | ) | (4.9 | ) | ||||||||||||||||
| Other | 4.0 | 4.3 | (0.3 | ) | 14.4 | (14.3 | ) | ||||||||||||||||||
| Net cash provided by operating activities | 15.6 | 11.1 | 8.4 | 37.7 | 56.5 | ||||||||||||||||||||
| Cash flows from investing activities: | |||||||||||||||||||||||||
| Capital expenditures | (28.0 | ) | (16.9 | ) | (29.9 | ) | (85.9 | ) | (82.8 | ) | |||||||||||||||
| Disbursements made for notes receivable | — | — | — | — | (9.1 | ) | |||||||||||||||||||
| Proceeds from deposit for investment distribution | — | — | 35.0 | — | 35.0 | ||||||||||||||||||||
| Other | — | 3.9 | — | 6.4 | — | ||||||||||||||||||||
| Net cash (used in) provided by investing activities | (28.0 | ) | (13.0 | ) | 5.1 | (79.5 | ) | (56.9 | ) | ||||||||||||||||
| Cash flows from financing activities: | |||||||||||||||||||||||||
| Principal payments on long-term debt | (0.4 | ) | (0.4 | ) | (0.6 | ) | (1.2 | ) | (1.6 | ) | |||||||||||||||
| Proceeds from long-term debt | — | — | — | 4.2 | — | ||||||||||||||||||||
| Change in ordinary shares | — | (0.3 | ) | (0.1 | ) | (0.3 | ) | (1.0 | ) | ||||||||||||||||
| Net (payments) proceeds on short-term borrowings | (0.1 | ) | 1.1 | (0.6 | ) | 2.6 | 7.0 | ||||||||||||||||||
| Advanced payments | 11.5 | 0.9 | — | 30.1 | — | ||||||||||||||||||||
| Other | — | (0.1 | ) | — | (0.1 | ) | — | ||||||||||||||||||
| Net cash provided by (used in) financing activities | 11.0 | 1.2 | (1.3 | ) | 35.3 | 4.4 | |||||||||||||||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.5 | 0.2 | — | 1.3 | (1.4 | ) | |||||||||||||||||||
| Net (decrease) increase in cash and cash equivalents | (0.9 | ) | (0.5 | ) | 12.2 | (5.2 | ) | 2.6 | |||||||||||||||||
| Cash and cash equivalents at beginning of period | 79.2 | 79.7 | 78.6 | 83.5 | 88.2 | ||||||||||||||||||||
| Cash and cash equivalents at end of period | $ | 78.3 | $ | 79.2 | $ | 90.8 | $ | 78.3 | $ | 90.8 | |||||||||||||||
