Freescale Semiconductor Announces Third Quarter 2013 Results
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Freescale Semiconductor, Ltd.
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Reconciliation of Non-GAAP Measures
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(Unaudited)
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Three Months Ended
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(in millions, except per share amounts)
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Sep 27,
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Jun 28,
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Sep 28,
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2013
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2013
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2012
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Adjusted operating earnings
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$
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174
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$
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151
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$
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139
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Amortization expense for acquired intangible assets (b)
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3
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4
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3
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Non-cash share-based compensation expense (c)
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12
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12
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12
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Reorganization of business and other (g)
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2
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10
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(3
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Operating earnings
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$
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157
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$
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125
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$
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127
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Adjusted net earnings
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$
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51
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$
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23
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$
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10
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Amortization expense for acquired intangible assets (b)
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3
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4
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3
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Non-cash share-based compensation expense (c)
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12
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12
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12
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Fair value adjustment on interest rate derivatives (d)
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-
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-
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7
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Deferred and non-current tax impact (e)
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10
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3
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12
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Loss on extinguishment or modification of long-term debt (f)
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1
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59
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3
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Reorganization of business and other (g)
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2
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10
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(3
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)
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Net earnings (loss)
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$
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23
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$
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(65
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)
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$
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(24
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)
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Adjusted earnings per common share:
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Basic
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$
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0.20
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$
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0.09
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$
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0.04
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Diluted
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$
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0.20
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$
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0.09
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$
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0.04
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Weighted average common shares outstanding:
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Basic
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258
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255
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249
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Diluted
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261
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259
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251
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