NXP Semiconductors Reports Third Quarter 2017 Results


NXP Semiconductors
Table 3: Condensed consolidated statement of cash flows (unaudited)


($ in millions)	Three Months Ended
	Oct. 1, 2017			July 2, 2017			Oct, 2, 2016

Cash Flows from operating activities
Net income (loss)	$	123		$	63		$	108
Adjustments to reconcile net income (loss):
Depreciation and amortization		537			560			526
Stock-based compensation		68			67			77
Excess tax benefits from share-based compensation plans		-			-			(1	)
Amortization of discount on debt		10			10			9
Amortization of debt issuance costs		3			3			3
Net gain on sale of assets		-			(14	)		-
Loss on extinguishment of debt		-			-			6
Results relating to equity accounted investees		(6	)		(3	)		(5	)
Changes in deferred taxes		(109	)		(120	)		(64	)
Changes in operating assets and liabilities:
(Increase) decrease in receivables and other current assets		3			49			(57	)
(Increase) decrease in inventories		(24	)		(37	)		57
Increase (decrease) in accounts payable and accrued liabilities		36			(137	)		50
Decrease (Increase) in other non-current assets		(5	)		(2	)		(4	)
Exchange differences		8			5			4
Other items		(1	)		(3	)		9
Net cash provided by (used for) operating activities		643			441			718

Cash flows from investing activities:
Purchase of identified intangible assets		(16	)		(16	)		(9	)
Capital expenditures on property, plant and equipment		(162	)		(96	)		(99	)
Proceeds from disposals of property, plant and equipment		1			-			1
Purchase of interests in businesses, net of cash acquired		-			-			(200	)
Proceeds from sale of interests in businesses, net of cash divested		14			54			2
Net cash provided by (used for) investing activities		(163	)		(58	)		(305	)

Cash flows from financing activities:
Amounts drawn under the revolving credit facility		-			-			200
Repurchase of long-term debt		-			-			(1,219	)
Principal payments on long-term debt		(4	)		(4	)		(7	)
Proceeds from the issuance of long-term debt		-			-			1,509
Cash paid for debt issuance costs		-			-			(12	)
Dividends paid to non-controlling interests		(89	)					(126	)
Cash proceeds from exercise of stock options		36			32			18
Purchase of treasury shares and restricted stock unit withholdings		(2	)		(10	)		(555	)
Excess tax benefits from share-based compensation plans		-			-			1
Net cash provided by (used for) financing activities		(59	)		18			(191	)

Effect of changes in exchange rates on cash positions		2			3			12
Increase (decrease) in cash and cash equivalents		423			404			234
Cash and cash equivalents at beginning of period		2,642			2,238			1,335
Cash and cash equivalents at end of period		3,065			2,642			1,569


Net cash paid during the period for:
Interest		27			84			57
Income taxes		114			119			19

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