NXP Semiconductors Reports Third Quarter 2017 Results
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NXP Semiconductors | | | | | | | | |
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Table 6: Adjusted EBITDA and Free Cash Flow (unaudited) | | | | | | | | |
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| | ($ in millions) | |
Three Months Ended | | |
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Oct. 1, 2017 | |
July 2, 2017 | |
Oct. 2, 2016 | | |
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Net Income (loss) | |
$ |
123 | | |
$ |
63 | | |
$ |
108 | | | |
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Reconciling items to EBITDA | | | | | | | | |
| | Financial (income) expense | | | 76 | | | | 75 | | | | 115 | | | |
| | (Benefit) provision for income taxes | | | (30 | ) | | | (54 | ) | | | (44 | ) | | |
| | Depreciation | | | 157 | | | | 155 | | | | 146 | | | |
| | Amortization | | | 380 | | | | 405 | | | | 380 | | | |
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EBITDA | |
$ |
706 | | |
$ |
644 | | |
$ |
705 | | | |
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Reconciling items to adjusted EBITDA | | | | | | | | |
| | Results of equity-accounted investees | | | (6 | ) | | | (34 | ) | | | (5 | ) | | |
| | Restructuring 1) | | | 7 | | | | 2 | | | | 3 | | | |
| | Stock-based compensation | | | 68 | | | | 67 | | | | 77 | | | |
| | Merger-related costs 1) | | | 42 | | | | 35 | | | | 14 | | | |
| | Other incidental items 1) | | | 29 | | | | 16 | | | | 6 | | | |
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Adjusted EBITDA | |
$ |
846 | | |
$ |
730 | | |
$ |
800 | | | |
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Trailing twelve month adjusted EBITDA | |
$ |
3,116 | | |
$ |
3,070 | | |
$ |
2,663 | | | |
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| | 1) Excluding depreciation property, plant and equipment and amortization of software related to: | | | | |
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| | Other incidental items | | | - | | | | - | | | | (15 | ) | | |
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| | ($ in millions) | |
Three Months Ended | | |
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Oct. 1, 2017 | |
July 2, 2017 | |
Oct. 2, 2016 | | |
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Net cash provided by (used for) operating activities
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$ |
643 | | |
$ |
441 | | |
$ |
718 | | | |
| | Net capital expenditures on property, plant and equipment | | | (161 | ) | | | (96 | ) | | | (98 | ) | | |
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Non-GAAP free cash flow | |
$ |
482 | | |
$ |
345 | | |
$ |
620 | | | |
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Non-GAAP free cash flow as a percent of Revenue | | |
20 |
% | | |
16 |
% | | |
25 |
% | | |
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