NXP Semiconductors Reports Second Quarter 2018 Results
| | | | | | |
|
NXP Semiconductors | | | | | |
|
Table 6: Adjusted EBITDA and Free Cash Flow (unaudited) | | | | | |
|
|
|
|
|
|
|
| | | | | | |
| | | | | | |
| ($ in millions) |
Three Months Ended |
| |
July 1, 2018 | |
April 1, 2018 | |
July 2, 2017 |
|
Net Income (loss) |
$ |
66 | | |
$ |
70 | | |
$ |
63 | |
| | | | | | |
|
Reconciling items to EBITDA | | | | | |
| Financial (income) expense | | 71 | | | | 68 | | | | 75 | |
| (Benefit) provision for income taxes | | 4 | | | | 2 | | | | (54 | ) |
| Depreciation | | 119 | | | | 116 | | | | 155 | |
| Amortization | | 377 | | | | 375 | | | | 405 | |
|
EBITDA |
$ |
637 | | |
$ |
631 | | |
$ |
644 | |
| | | | | | |
|
Reconciling items to adjusted EBITDA | | | | | |
| Results of equity-accounted investees | | (4 | ) | | | (2 | ) | | | (34 | ) |
| Restructuring | | (1 | ) | | | 1 | | | | 2 | |
| Stock based compensation | | 69 | | | | 69 | | | | 67 | |
| Merger-related costs | | 25 | | | | 26 | | | | 35 | |
| Other incidental items | | 4 | | | | 1 | | | | 16 | |
|
Adjusted EBITDA |
$ |
730 | | |
$ |
726 | | |
$ |
730 | |
|
Trailing twelve month adjusted EBITDA |
$ |
3,176 | | |
$ |
3,176 | | |
$ |
3,070 | |
|
|
|
|
|
|
|
| | | | | | |
| | | | | | |
| | | | | | |
|
|
|
|
|
|
|
| ($ in millions) |
Three Months Ended |
| |
July 1, 2018 | |
April 1, 2018 | |
July 2, 2017 |
| | | | | | |
|
Net cash provided by (used for) operating activities
|
$ |
403 | | |
$ |
620 | | |
$ |
441 | |
| Net capital expenditures on property, plant and equipment | | (129 | ) | | | (156 | ) | | | (96 | ) |
|
Non-GAAP free cash flow |
$ |
274 | | |
$ |
464 | | |
$ |
345 | |
|
Non-GAAP free cash flow as a percent of Revenue | |
12 |
% | | |
21 |
% | | |
16 |
% |
|
|
|
|
|
|
|
| | | | | | |
