NXP Semiconductors
Table 5: Adjusted EBITDA and Free Cash Flow (unaudited)
| ($ in millions) | Three months ended | ||||||||||
|
September 29,
2019 |
June 30,
2019 |
September 30,
2018 | |||||||||
| Net income (loss) | $ | 119 | $ | 46 | $ | 1,833 | |||||
| Reconciling items to adjusted net income | |||||||||||
| Financial (income) expense | 85 | 89 | 119 | ||||||||
| (Benefit) provision for income taxes | 28 | 21 | 311 | ||||||||
| Depreciation | 135 | 128 | 119 | ||||||||
| Amortization | 382 | 378 | 378 | ||||||||
| Adjusted net income | $ | 749 | $ | 662 | $ | 2,760 | |||||
| Reconciling items to adjusted EBITDA | |||||||||||
| Results of equity-accounted investees | 1 | 1 | (52 | ) | |||||||
| Restructuring | (1 | ) | 5 | 5 | |||||||
| Stock based costs | 84 | 87 | 83 | ||||||||
| Merger-related costs | 6 | 10 | (1,914 | ) | |||||||
| Other incidental items | (17 | ) | 4 | (36 | ) | ||||||
| Adjusted EBITDA | $ | 822 | $ | 769 | $ | 846 | |||||
| Trailing twelve month adjusted EBITDA | $ | 3,126 | $ | 3,150 | $ | 3,176 | |||||
| ($ in millions) | Three months ended | ||||||||||
|
September 29,
2019 |
June 30,
2019 |
September 30,
2018 | |||||||||
| Net cash provided by (used for) operating activities | $ | 746 | $ | 517 | $ | 2,615 | |||||
| Net capital expenditures on property, plant and equipment | (115 | ) | (106 | ) | (155 | ) | |||||
| Non-GAAP free cash flow | $ | 631 | $ | 411 | $ | 2,460 | |||||
| Non-GAAP free cash flow as percent of Revenue | 28 | % | 19 | % | 101 | % | |||||
