NXP Semiconductors Reports Fourth Quarter and Full-Year 2013 Results

                                                                            
NXP Semiconductors                                                          
Table 1: Condensed consolidated statement of operations (unaudited)         
                                                                            
($ in millions                                                              
 except share                                                               
 data)                   Three Months Ended                 Full Year       
                 ----------------------------------  ---------------------- 
                  Dec. 31,    Sept. 29,   Dec. 31,                          
                    2013        2013        2012        2013        2012    
                 ----------  ----------  ----------  ----------  ---------- 
                                                                            
Revenue          $    1,293  $    1,249  $    1,116  $    4,815  $    4,358 
                                                                            
Cost of revenue        (704)       (679)       (626)     (2,638)     (2,370)
                 ----------  ----------  ----------  ----------  ---------- 
                                                                            
Gross profit            589         570         490       2,177       1,988 
                                                                            
Research and                                                                
 development           (168)       (163)       (171)       (639)       (628)
Selling, general                                                            
 and                                                                        
 administrative        (224)       (239)       (288)       (896)       (977)
                 ----------  ----------  ----------  ----------  ---------- 
Total operating                                                             
 expenses              (392)       (402)       (459)     (1,535)     (1,605)
                                                                            
Other income                                                                                                                       
  (expense)                                1                      -                      2                      9                    29  
                                  ----------    ----------    ----------    ----------    ----------  
                                                                                                                                                        
Operating  income                                                                                                                        
  (loss)                                  198                  168                    33                  651                  412  
                                                                                                                                                        
Financial  income                                                                                                                        
  (expense):                                                                                                                                  
    Interest  income                                                                                                                      
      (expense)  -                                                                                                                            
      net                                    (39)                (44)                (55)              (179)              (266)
    Foreign                                                                                                                                      
      exchange  gain                                                                                                                        
      (loss)                                31                    52                    31                    62                    28  
    Gain  (loss)  on                                                                                                                        
      extinguishment                                                                                                                      
      of  long  term                                                                                                                          
      debt                                  (54)                    -                (114)              (114)              (161)
    Other  financial                                                                                                                      
      expense                            (17)                  (5)                (15)                (43)                (38)
                                  ----------    ----------    ----------    ----------    ----------  
                                                                                                                                                        
Income  (loss)                                                                                                                              
  before  taxes                      119                  171                (120)                377                  (25)
                                                                                                                                                        
Benefit                                                                                                                                          
  (provision)  for                                                                                                                        
  income  taxes                      (10)                  (1)                    7                  (20)                  (1)
Results  relating                                                                                                                        
  to  equity-                                                                                                                                  
  accounted                                                                                                                                    
  investees                                6                      2                    15                    58                  (27)
                                  ----------    ----------    ----------    ----------    ----------  
                                                                                                                                                        
Income  (loss)                                                                                                                              
  from  continuing                                                                                                                        
  operations                          115                  172                  (98)                415                  (53)
Income  (loss)  on                                                                                                                        
  discontinued                                                                                                                              
  operations,  net                                                                                                                        
  of  tax                                      -                      -                      -                      -                      1  
                                  ----------    ----------    ----------    ----------    ----------  
Net  income  (loss)              115                  172                  (98)                415                  (52)
Net  (income)  loss                                                                                                                      
  attributable  to                                                                                                                        
  non-controlling                                                                                                                        
  interests                            (19)                (17)                (18)                (67)                (63)
                                  ----------    ----------    ----------    ----------    ----------  
Net  income  (loss)                                                                                                                      
  attributable  to                                                                                                                        
  stockholders                        96                  155                (116)                348                (115)
                                                                                                                                                        
Earnings  per                                                                                                                                
  share  data:                                                                                                                                
Net  income  (loss)                                                                                                                      
  attributable  to                                                                                                                        
  stockholders  per                                                                                                                      
  common  share                                                                                                                              
                                                                                                                                                        
Basic  earnings                                                                                                                            
  per  common  share                                                                                                                      
  in  $                        $          0.39    $          0.62    $        (0.47)  $          1.40    $        (0.46)
Diluted  earnings                                                                                                                        
  per  common  share                                                                                                                      
  in  $                        $          0.37    $          0.60    $        (0.47)  $          1.36    $        (0.46)
                                                                                                                                                        
Weighted  average                                                                                                                        
  number  of  shares                                                                                                                      
  of  common  stock                                                                                                                        
  (in  thousands):                                                                                                                        
Basic                              246,842          248,794          248,505          248,526          248,064  
Diluted                          256,162          256,777          248,505          255,050          248,064  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
NXP  Semiconductors                                                                                                                    
Table  2:  Condensed  consolidated  balance  sheet  (unaudited)                                      
                                                                                                                                                        
($  in  millions)                                                                                    As  of                            
                                                                                    ----------------------------------
                                                                                      Dec.  31,        Sept.  29,      Dec.  31,  
                                                                                          2013                2013                2012      
                                                                                    ----------    ----------    ----------
                                                                                                                                                        
Current  assets:                                                                                                                          
    Cash  and  cash  equivalents                              $            670    $            941    $            617
    Accounts  receivable  -  net                                            501                  530                  459
    Other  receivables                                                              41                    52                    51
    Assets  held  for  sale                                                        13                      9                    10
    Inventories                                                                        740                  754                  715
    Other  current  assets                                                      127                  127                  102
                                                                                    ----------    ----------    ----------
Total  current  assets                                                      2,092              2,413              1,954
                                                                                                                                                        
Non-current  assets:                                                                                                                  
    Investments  in  equity-accounted                                                                                      
      investees                                                                            52                    50                    45
    Other  non-current  assets                                              144                  139                  128
    Property,  plant  and  equipment                                1,048              1,032              1,070
    Identified  intangible  assets                                      755                  792                  965
    Goodwill                                                                          2,358              2,318              2,277
                                                                                    ----------    ----------    ----------
Total  non-current  assets                                              4,357              4,331              4,485
                                                                                                                                                        
Total  assets                                                                      6,449              6,744              6,439
                                                                                                                                                        
Current  liabilities:                                                                                                                
    Accounts  payable                                                              544                  545                  562
    Liabilities  held  for  sale                                                1                      -                      -
    Accrued  liabilities                                                        608                  595                  627
    Short-term  debt                                                                  40                  465                  307
                                                                                    ----------    ----------    ----------
Total  current  liabilities                                            1,193              1,605              1,496
                                                                                                                                                        
Non-current  liabilities:                                                                                                        
    Long-term  debt                                                              3,281              3,232              3,185
    Other  non-current  liabilities                                    429                  469                  474
                                                                                    ----------    ----------    ----------
Total  non-current  liabilities                                    3,710              3,701              3,659
                                                                                                                                                        
Non-controlling  interests                                                245                  236                  235
Stockholders'  equity                                                      1,301              1,202              1,049
                                                                                    ----------    ----------    ----------
    Total  equity                                                                  1,546              1,438              1,284
    Total  liabilities  and  equity                                  6,449              6,744              6,439
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
NXP  Semiconductors                                                                                                                    
Table  3:  Condensed  consolidated  statement  of  cash  flows  (unaudited)                  
                                                                                                                                                        
($  in  millions)                            Three  Months  Ended                            Full  Year            
                                            -------------------------------    --------------------  
                                              Dec.  31,    Sept.  29,      Dec.  31,                                              
                                                  2013              2013              2012              2013              2012      
                                            ---------    ---------    ---------    ---------    ---------  
                                                                                                                                                        
Cash  Flows  from                                                                                                                          
  operating  activities                                                                                                              
Net  income  (loss)          $          115    $          172    $          (98)  $          415    $          (52)
(Income)  loss  from                                                                                                                    
  discontinued                                                                                                                              
  operations,  net  of                                                                                                                  
  tax                                    $              -                    -                    -    $              -                  (1)
Adjustments  to                                                                                                                            
  reconcile  net  income                                                                                                              
  (loss):                                                                                                                                        
    Depreciation  and                                                                                                                    
      amortization                          113                137                132                514                533  
    Stock-based                                                                                                                              
      compensation                            31                  20                  16                  88                  52  
    Net  (gain)  loss  on                                                                                                                
      sale  of  assets                          -                    -                  (1)                (2)              (20)
    (Gain)  loss  on                                                                                                                        
      extinguishment  of                                                                                                                
      debt                                            54                    -                114                114                161  
    Results  relating  to                                                                                                              
      equity  accounted                                                                                                                  
      investees                                  (6)                (2)              (15)              (58)                27  
Changes  in  operating                                                                                                                
  assets  and                                                                                                                                  
  liabilities:                                                                                                                              
    (Increase)  decrease                                                                                                              
      in  trade                                                                                                                                  
      receivables                              37                (20)                18                (24)                (6)
    (Increase)  decrease                                                                                                              
      in  inventories                        13                  (5)              (41)              (22)              (61)
    Increase  (decrease)                                                                                                              
      in  trade  payables                  (4)                17                  10                (25)              101  
    (Increase)  decrease                                                                                                              
      in  other                                                                                                                                  
      receivables                              10                    3                  33                    1                  47  
    Increase  (decrease)                                                                                                              
      in  other  payables                (21)                29                  34                (53)              (35)
    Changes  in  deferred                                                                                                              
      taxes                                            1                    -                  (8)                  3                (18)
Exchange  differences                (31)              (52)              (31)              (62)              (28)
Other  items                                      2                  (1)                  1                    2                  22  
                                            ---------    ---------    ---------    ---------    ---------  
Net  cash  provided  by                                                                                                                
  (used  for)  operating                                                                                                              
  activities                                  314                298                164                891                722  
                                                                                                                                                        
Cash  flows  from                                                                                                                          
  investing                                                                                                                                    
  activities:                                                                                                                                
    Purchase  of                                                                                                                              
      identified                                                                                                                              
      intangible  assets                  (8)              (10)                (8)              (35)              (29)
    Capital                                                                                                                                      
      expenditures  on                                                                                                                    
      property,  plant                                                                                                                    
      and  equipment                        (71)              (54)              (46)            (215)            (251)
    Proceeds  from                                                                                                                          
      disposals  of                                                                                                                          
      property,  plant                                                                                                                    
      and  equipment                            1                    -                    1                    6                    2  
    Proceeds  from  sale                                                                                                                
      of  interests  in                                                                                                                    
      businesses                                  3                    -                  (1)                  3                  26  
    Purchase  of                                                                                                                              
      interests  in                                                                                                                          
      businesses                                  -                  (1)                  -                  (1)                (2)
    Proceeds  from                                                                                                                          
      return  of  equity                                                                                                                  
      investment                                  3                    -                  12                    4                  12  
    Other                                            (3)                (1)                (3)                (2)                (1)
                                            ---------    ---------    ---------    ---------    ---------  
Net  cash  (used  for)                                                                                                                  
  provided  by                                                                                                                                
  investing  activities              (75)              (66)              (45)            (240)            (243)
                                                                                                                                                        
Cash  flows  from                                                                                                                          
  financing                                                                                                                                    
  activities:                                                                                                                                
    Net  (repayments)                                                                                                                    
      borrowings  of                                                                                                                        
      short-term  debt                      (2)                (7)                  -                (11)                  -  
    Repayments  under                                                                                                                    
      the  revolving                                                                                                                        
      credit  facility                        -              (175)                  -              (610)            (530)
    Amounts  drawn  under                                                                                                              
      the  revolving                                                                                                                        
      credit  facility                    150                    -                100                530                760  
    Repurchase  of  long-                                                                                                              
      term  debt                              (575)                  -              (802)        (2,429)        (1,676)
    Principal  payments                                                                                                                
      on  long-term  debt                  (7)                (2)                (6)              (18)              (20)
    Net  proceeds  from                                                                                                                  
      the  issuance  of                                                                                                                    
      long-term  debt                          1                495                493            2,228                958  
    Dividends  paid  to                                                                                                                  
      non-controlling                                                                                                                    
      interests                                  (1)              (47)                  -                (48)              (40)
    Purchase  of  non-                                                                                                                    
      controlling                                                                                                                            
      interests  (shares)              (12)                  -                    -                (12)                  -  
    Cash  proceeds  from                                                                                                                
      exercise  of  stock                                                                                                                
      options                                      98                  29                    6                177                  14  
    Purchase  of                                                                                                                              
      treasury  shares                  (163)            (159)                  -              (405)              (40)
                                            ---------    ---------    ---------    ---------    ---------  
Net  cash  provided  by                                                                                                                
  (used  for)  financing                                                                                                              
  activities                                (511)              134              (209)            (598)            (574)
                                                                                                                                                        
Net  cash  provided  by                                                                                                                
  (used  for)                                                                                                                                  
  continuing                                                                                                                                  
  operations                                (272)              366                (90)                53                (95)
                                                                                                                                                        
Cash  flows  from                                                                                                                          
  discontinued                                                                                                                              
  operations:                                                                                                                                
    Net  cash  provided                                                                                                                  
      by  (used  for)                                                                                                                        
      operating                                                                                                                                
      activities                                  -                    -                    -                    -                    -  
    Net  cash  provided                                                                                                                  
      by  (used  for)                                                                                                                        
      investing                                                                                                                                
      activities                                  -                    -                    -                    -                (45)
    Net  cash  provided                                                                                                                  
      by  (used  for)                                                                                                                        
      financing                                                                                                                                
      activities                                  -                    -                    -                    -                    -  
                                            ---------    ---------    ---------    ---------    ---------  
Net  cash  provided  by                                                                                                                
  (used  for)                                                                                                                                  
  discontinued                                                                                                                              
  operations                                      -                    -                    -                    -                (45)
                                            ---------    ---------    ---------    ---------    ---------  
Net  cash  provided  by                                                                                                                
  (used  for)  contining                                                                                                              
  and  discontinued                                                                                                                      
  operations                                (272)              366                (90)                53              (140)
                                                                                                                                                        
Effect  of  changes  in                                                                                                                
  exchange  rates  on                                                                                                                    
  cash  positions                              1                    6                    5                    -                  14  
                                            ---------    ---------    ---------    ---------    ---------  
Increase  (decrease)                                                                                                                  
  in  cash  and  cash                                                                                                                      
  equivalents                              (271)              372                (85)                53              (126)
Cash  and  cash                                                                                                                              
  equivalents  at                                                                                                                          
  beginning  of  period                941                569                702                617                743  
                                            ---------    ---------    ---------    ---------    ---------  
Cash  and  cash                                                                                                                              
  equivalents  at  end                                                                                                                  
  of  period                                    670                941                617                670                617  
                                                                                                                                                        
                                                                                                                                                        
Non-Cash  Financing                                                                                                                    
Exchange  of  Term  Loan                                                                                                              
  C  for  Term  Loan  D                    400                    -                    -                400                    -  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
NXP  Semiconductors                                                                                                                    
Table  4:  Reconciliation  of  GAAP  to  non-GAAP  Segment  Results  (unaudited)          
                                                                                                                                                        
($  in  millions)                                  Three  Months  Ended                        Full  Year          
                                                    -----------------------------    ------------------  
                                                    Dec.  31,    Sept.  29,    Dec.  31,                                          
                                                        2013              2013            2012            2013            2012      
                                                    --------    ---------    --------    --------    --------  
                                                                                                                                                        
High  Performance  Mixed                                                                                                            
  Signal  (HPMS)                                  957                922              785          3,533          2,976  
Standard  Products                            294                291              287          1,145          1,168  
                                                    --------    ---------    --------    --------    --------  
    Product  Revenue                        1,251            1,213          1,072          4,678          4,144  
        Corporate  and  Other                  42                  36                44              137              214  
                                                    --------    ---------    --------    --------    --------  
Total  Revenue                          $    1,293    $      1,249    $    1,116    $    4,815    $    4,358  
                                                    ========    =========    ========    ========    ========  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
HPMS  Revenue                            $        957    $          922    $        785    $    3,533    $    2,976  
    Percent  of  Total  Revenue        74.0%            73.8%          70.3%          73.4%          68.3%
    HPMS  segment  GAAP  gross                                                                                                      
      profit                                            523                493              427          1,905          1,656  
        PPA  effects                                  (3)                  -                  -                (3)              (9)
        Restructuring                              (3)                (4)              (1)              (5)              (1)
        Stock  based                                                                                                                          
          compensation                              (2)                (1)                -                (6)              (1)
        Other  incidentals                    (10)                (1)                -              (12)              (3)
        Other  adjustments                        -                    -                  -              (46)              46  
                                                    --------    ---------    --------    --------    --------  
    HPMS  segment  non-GAAP                                                                                                          
      gross  profit                      $        541    $          499    $        428    $    1,977    $    1,624  
                                                    ========    =========    ========    ========    ========  
                                                                                                                                                        
        HPMS  segment  GAAP                                                                                                              
          gross  margin                          54.6%            53.5%          54.4%          53.9%          55.6%
        HPMS  segment  non-GAAP                                                                                                      
          gross  margin                          56.5%            54.1%          54.5%          56.0%          54.6%
                                                                                                                                                        
    HPMS  segment  GAAP                                                                                                                  
      operating  profit                        227                184              105              712              479  
        PPA  effects                                (26)              (46)            (45)          (163)          (190)
        Restructuring                              (2)                (4)            (26)              (4)            (24)
        Stock  based                                                                                                                          
          compensation                            (24)              (16)            (12)            (68)            (37)
        Other  incidentals                    (11)                (1)              (3)            (15)                2  
        Other  adjustments                        -                    -                  -              (46)              46  
                                                    --------    ---------    --------    --------    --------  
    HPMS  segment  non-GAAP                                                                                                          
      operating  profit              $        290    $          251    $        191    $    1,008    $        682  
                                                    ========    =========    ========    ========    ========  
                                                                                                                                                        
        HPMS  segment  GAAP                                                                                                              
          operating  margin                  23.7%            20.0%          13.4%          20.2%          16.1%
        HPMS  segment  non-GAAP                                                                                                      
          operating  margin                  30.3%            27.2%          24.3%          28.5%          22.9%
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
Standard  Products  Revenue  $        294    $          291    $        287    $    1,145    $    1,168  
    Percent  of  Total  Revenue        22.7%            23.3%          25.7%          23.8%          26.8%
    Standard  Products                                                                                                                  
      segment  GAAP  gross                                                                                                              
      profit                                              66                  81                70              285              346  
        PPA  effects                                  (1)                  -                  -                (2)              (3)
        Restructuring                            (18)                (2)            (15)            (16)            (15)
        Stock  based                                                                                                                          
          compensation                              (1)                  -                (1)              (2)              (1)
        Other  incidentals                      (6)                (2)              (1)            (12)              (1)
                                                    --------    ---------    --------    --------    --------  
    Standard  Products                                                                                                                  
      segment  non-GAAP  gross                                                                                                      
      profit                                  $          92    $            85    $          87    $        317    $        366  
                                                    ========    =========    ========    ========    ========  
                                                                                                                                                        
        Standard  Products                                                                                                              
          segment  GAAP  gross                                                                                                          
          margin                                      22.4%            27.8%          24.4%          24.9%          29.6%
        Standard  Products                                                                                                              
          segment  non-GAAP                                                                                                              
          gross  margin                          31.3%            29.2%          30.3%          27.7%          31.3%
                                                                                                                                                        
    Standard  Products                                                                                                                  
      segment  GAAP  operating                                                                                                      
      profit                                                2                  21                  2                39                89  
        PPA  effects                                (15)              (14)            (15)            (59)            (60)
        Restructuring                            (18)                (2)            (19)            (16)            (19)
        Stock  based                                                                                                                          
          compensation                              (7)                (4)              (4)            (19)            (11)
        Other  incidentals                      (6)                (2)              (1)            (12)                -  
                                                    --------    ---------    --------    --------    --------  
    Standard  Products                                                                                                                  
      segment  non-GAAP                                                                                                                  
      operating  profit              $          48    $            43    $          41    $        145    $        179  
                                                    ========    =========    ========    ========    ========  
                                                                                                                                                        
        Standard  Products                                                                                                              
          segment  GAAP                                                                                                                      
          operating  margin                    0.7%              7.2%            0.7%            3.4%            7.6%
        Standard  Products                                                                                                              
          segment  non-GAAP                                                                                                              
          operating  margin                  16.3%            14.8%          14.3%          12.7%          15.3%
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
Corporate  and  Other                                                                                                                  
  Revenue                                    $          42    $            36    $          44    $        137    $        214  
    Percent  of  Total  Revenue          3.3%              2.9%            4.0%            2.8%            4.9%
    Corporate  and  Other                                                                                                              
      segment  GAAP  gross                                                                                                              
      profit                                                -                  (4)              (7)            (13)            (14)
        PPA  effects                                  (2)                (2)              (2)              (9)              (8)
        Restructuring                                -                  (1)              (4)              (3)              (7)
        Stock  based                                                                                                                          
          compensation                                -                    -                  -                  -                  -  
        Other  incidentals                      (1)                (2)              (1)              (5)              (5)
                                                    --------    ---------    --------    --------    --------  
    Corporate  and  Other                                                                                                              
      segment  non-GAAP  gross                                                                                                      
      profit                                  $            3    $              1    $            -    $            4    $            6  
                                                    ========    =========    ========    ========    ========  
                                                                                                                                                        
        Corporate  and  Other                                                                                                          
          segment  GAAP  gross                                                                                                          
          margin                                        0.0%          -11.1%        -15.9%          -9.5%          -6.5%
        Corporate  and  Other                                                                                                          
          segment  non-GAAP                                                                                                              
          gross  margin                            7.1%              2.8%            0.0%            2.9%            2.8%
                                                                                                                                                        
    Corporate  and  Other                                                                                                              
      segment  GAAP  operating                                                                                                      
      profit                                            (31)              (37)            (74)          (100)          (156)
        PPA  effects                                  (6)                (6)              (6)            (24)            (23)
        Restructuring                              (3)              (17)            (53)            (20)            (68)
        Stock  based                                                                                                                          
          compensation                                -                    -                  -                (1)              (4)
        Other  incidentals                      (8)                (5)              (8)            (22)            (34)
                                                    --------    ---------    --------    --------    --------  
    Corporate  and  Other                                                                                                              
      segment  non-GAAP                                                                                                                  
      operating  profit              $        (14)  $            (9)  $          (7)  $        (33)  $        (27)
                                                    ========    =========    ========    ========    ========  
                                                                                                                                                        
        Corporate  and  Other                                                                                                          
          segment  GAAP                                                                                                                      
          operating  margin                -73.8%        -102.8%      -168.2%        -73.0%        -72.9%
        Corporate  and  Other                                                                                                          
          segment  non-GAAP                                                                                                              
          operating  margin                -33.3%          -25.0%        -15.9%        -24.1%        -12.6%
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
NXP  Semiconductors                                                                                                                    
Table  5:  Financial  Reconciliation  of  GAAP  to  non-GAAP  Results  (unaudited)      
                                                                                                                                                        
($  in  millions                                                                                                                            
  except  share  data)                Three  Months  Ended                              Full  Year              
                                        --------------------------------    ---------------------  
                                        Dec.  31,          Sept.  29,    Dec.  31,                                                
                                            2013                    2013            2012            2013                  2012      
                                        --------          ---------    --------    --------          --------  
                                                                                                                                                        
Revenue                          $    1,293          $      1,249    $    1,116    $    4,815          $    4,358  
                                                                                                                                                        
GAAP  Gross  profit      $        589          $          570    $        490    $    2,177          $    1,988  
    PPA  effects                          (6)                      (2)              (2)            (14)                  (20)
    Restructuring                    (21)                      (7)            (20)            (24)                  (23)
    Stock  Based                                                                                                                              
      Compensation                      (3)                      (1)              (1)              (8)                    (2)
    Other  incidentals            (17)                      (5)              (2)            (29)                    (9)
    Other  adjustments                -                          -                  -              (46)                    46  
                                        --------          ---------    --------    --------          --------  
Non-GAAP  Gross                                                                                                                            
  profit                          $        636          $          585    $        515    $    2,298          $    1,996  
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
GAAP  Gross  margin              45.6%                  45.6%          43.9%          45.2%                45.6%
                                                                                                                                                        
Non-GAAP  Gross                                                                                                                            
  margin                                  49.2%                  46.8%          46.1%          47.7%                45.8%
                                                                                                                                                        
    GAAP  Research  and                                                                                                                  
      development            $      (168)        $        (163)  $      (171)  $      (639)        $      (628)
        PPA  effects                        -                          -                  -                  -                        -  
        Restructuring                    1                          -              (23)                1                    (22)
        Stock  based                                                                                                                          
          compensation                  (5)                      (3)              (2)            (13)                    (5)
        Other                                                                                                                                      
          incidentals                    (1)                        -                (1)              (3)                  (12)
                                        --------          ---------    --------    --------          --------  
    Non-GAAP  Research                                                                                                                  
      and  development    $      (163)        $        (160)  $      (145)  $      (624)        $      (589)
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
    GAAP  Selling,                                                                                                                          
      general  and                                                                                                                            
      administrative      $      (224)        $        (239)  $      (288)  $      (896)        $      (977)
        PPA  effects                    (41)                    (64)            (64)          (232)                (253)
        Restructuring                  (3)                    (16)            (55)            (17)                  (67)
        Stock  based                                                                                                                          
          compensation                (23)                    (16)            (13)            (67)                  (45)
        Other                                                                                                                                      
          incidentals                    (7)                      (3)              (8)            (17)                  (32)
                                        --------          ---------    --------    --------          --------  
    Non-GAAP  Selling,                                                                                                                  
      general  and                                                                                                                            
      administrative      $      (150)        $        (140)  $      (148)  $      (563)        $      (580)
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
    GAAP  Other  income                                                                                                                  
      (expense)                $            1          $              -    $            2    $            9          $          29  
        PPA  effects                        -                          -                  -                  -                        -  
        Restructuring                    -                          -                  -                  -                        1  
        Other                                                                                                                                      
          incidentals                      -                          -                (1)                -                      21  
                                        --------          ---------    --------    --------          --------  
    Non-GAAP  Other                                                                                                                        
      income  (expense)  $            1          $              -    $            3    $            9          $            7  
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
GAAP  Operating                                                                                                                            
  income  (loss)            $        198          $          168    $          33    $        651          $        412  
    PPA  effects                        (47)                    (66)            (66)          (246)                (273)
    Restructuring                    (23)                    (23)            (98)            (40)                (111)
    Stock  based                                                                                                                              
      compensation                    (31)                    (20)            (16)            (88)                  (52)
    Other  incidentals            (25)                      (8)            (12)            (49)                  (32)
    Other  adjustments                -                          -                  -              (46)                    46  
                                        --------          ---------    --------    --------          --------  
Non-GAAP  Operating                                                                                                                    
  income  (loss)            $        324          $          285    $        225    $    1,120          $        834  
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
GAAP  Operating                                                                                                                            
  margin                                  15.3%                  13.5%            3.0%          13.5%                  9.5%
                                                                                                                                                        
Non-GAAP  Operating                                                                                                                    
  margin                                  25.1%                  22.8%          20.2%          23.3%                19.1%
                                                                                                                                                        
GAAP  Financial                                                                                                                            
  income  (expense)      $        (79)        $              3    $      (153)  $      (274)        $        437  
    Foreign  exchange                                                                                                                    
      gain  (loss)  on                                                                                                                      
      debt                                      31                        52                31                62                      28  
    Gain  (loss)  on                                                                                                                        
      extinguishment  of                                                                                                                
      long  term  debt                (54)                        -            (114)          (114)                (161)
    Other  financial                                                                                                                      
      expense                              (17)                      (5)            (15)            (43)                  (38)
                                        --------          ---------    --------    --------          --------  
Non-GAAP  Financial                                                                                                                    
  income  (expense)      $        (39)        $          (44)  $        (55)  $      (179)        $      (266)
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
GAAP  Income  tax                                                                                                                          
  benefit  (provision)$        (10)        $            (1)  $            7    $        (20)        $          (1)
    Other  adjustments                3                          4                17                14                      27  
                                        --------          ---------    --------    --------          --------  
Non-GAAP  Cash  tax                                                                                                                      
  (expense)                    $        (13)        $            (5)  $        (10)  $        (34)        $        (28)
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
GAAP  Results                                                                                                                                
  relating  to  equity-                                                                                                                
  accounted  investees$            6          $              2    $          15    $          58          $        (27)
    Other  adjustments                6                          2                15                58                    (27)
                                        --------          ---------    --------    --------          --------  
Non-GAAP  Results                                                                                                                        
  relating  to  equity-                                                                                                                
  accounted  investees$            -          $              -    $            -    $            -                        -  
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
GAAP  Income  (loss)                                                                                                                    
  from  continuing                                                                                                                        
  operations                  $        115          $          172    $        (98)  $        415          $        (53)
    PPA  effects                        (47)                    (66)            (66)          (246)                (273)
    Restructuring                    (23)                    (23)            (98)            (40)                (111)
    Stock  based                                                                                                                              
      compensation                    (31)                    (20)            (16)            (88)                  (52)
    Other  incidentals            (25)                      (8)            (12)            (49)                  (32)
    Other  adjustments            (31)(1)                53              (66)            (69)(1)          (125)
                                        --------          ---------    --------    --------          --------  
Non-GAAP  Income                                                                                                                          
  (loss)  from                                                                                                                                
  continuing                                                                                                                                  
  operations                  $        272          $          236    $        160    $        907          $        540  
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
                                                                                                                                                        
GAAP  income  (loss)                                                                                                                    
  on  discontinued                                                                                                                        
  operations  of  tax    $            -                          -                  -    $            -          $            1  
    Other  adjustments  $            -                          -                  -    $            -          $            1  
                                        --------          ---------    --------    --------          --------  
Non-GAAP  income                                                                                                                          
  (loss)  on                                                                                                                                    
  discontinued                                                                                                                              
  operations                                -                          -                  -                  -                        -  
                                                      -                                                                                                
GAAP  Net  income                                                                                                                          
  (loss)  attributable                                                                                                                
  to  stockholders        $          96          $          155    $      (116)  $        348          $      (115)
    PPA  effects                        (47)                    (66)            (66)          (246)                (273)
    Restructuring                    (23)                    (23)            (98)            (40)                (111)
    Stock  based                                                                                                                              
      compensation                    (31)                    (20)            (16)            (88)                  (52)
    Other  incidentals            (25)                      (8)            (12)            (49)                  (32)
    Other  adjustments            (31)                      53              (66)            (69)                (124)
                                        --------          ---------    --------    --------          --------  
Non-GAAP  Net  income                                                                                                                  
  (loss)  attributable                                                                                                                
  to  stockholders        $        253          $          219    $        142    $        840          $        477  
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
GAAP  Weighted                                                                                                                              
  average  shares  -                                                                                                                      
  diluted                          256,162              256,777      248,505      255,050            248,526  
    Non-GAAP                                                                                                                                    
      Adjustment                            -                          -          5,474                  -                5,007  
                                        --------          ---------    --------    --------          --------  
Non-GAAP  Weighted                                                                                                                      
  average  shares  -                                                                                                                      
  diluted                          256,162              256,777      253,979      255,050            253,071  
                                        ========          =========    ========    ========          ========  
                                                                                                                                                        
GAAP  Diluted  net                                                                                                                        
  income  (loss)                                                                                                                            
  attributable  to                                                                                                                        
  stockholders  per                                                                                                                      
  share                            $      0.37          $        0.60    $    (0.47)  $      1.36          $    (0.46)
Non-GAAP  Diluted  net                                                                                                                
  income  (loss)                                                                                                                            
  attributable  to                                                                                                                        
  stockholders  per                                                                                                                      
  share                            $      0.99          $        0.85    $      0.56    $      3.29          $      1.88  
                                                                                                                                                        
(1)    Includes:  During  4Q13:  Foreign  exchange  gain  on  debt:  $31  million;  Loss
          on  extinguishment  of  long-term  debt:  ($54)  million;  Other  financial        
          expense:  ($17)  million;  Results  relating  to  equity-accounted  investees:
          $6  million;  and  difference  between  book  and  cash  income  taxes:  $3            
          million;  for  the  full  year  2013:  Other  adjustments  Cost  of  Revenue          
          ($46)  million;  Foreign  exchange  gain  on  debt:  $62  million;  Loss  on          
          extinguishment  of  long-term  debt:  ($114)  million;  Other  financial            
          expense:  ($43)  million;  Results  relating  to  equity-accounted  investees:
          $58  million;  and  difference  between  book  and  cash  income  taxes:  $14        
          million.                                                                                                                              
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
NXP  Semiconductors                                                                                                                    
Table  6:  Adjusted  EBITDA  and  Free  Cash  Flow  (unaudited)                                          
                                                                                                                                                        
($  in  millions)                                  Three  Months  Ended                        Full  Year          
                                                    -----------------------------    ------------------  
                                                    Dec.  31,    Sept.  29,    Dec.  31,                                          
                                                        2013              2013            2012            2013            2012      
                                                    --------    ---------    --------    --------    --------  
                                                                                                                                                        
Net  Income                                $        115    $          172    $        (98)  $        415    $        (52)
                                                    ========    =========    ========    ========    ========  
                                                                                                                  $            -                      
Income  (loss)  from                                                                                                                    
  discontinued  operations    $            -                    -                  -    $            -    $            1  
                                                    --------    ---------    --------    --------    --------  
Income  (loss)  from                                                                                                                    
  continuing  operations        $        115    $          172    $        (98)  $        415    $        (53)
                                                                                                                                                        
Reconciling  items  to                                                                                                                
  EBITDA                                                                                                                                          
    Financial  (income)                                                                                                                
      expense                                            79                  (3)            153              274              437  
    (Benefit)  provision  for                                                                                                      
      income  taxes                                  10                    1                (7)              20                  1  
    Depreciation                                    61                  63                63              246              247  
    Amortization                                    52                  74                69              268              286  
                                                    --------    ---------    --------    --------    --------  
EBITDA                                        $        317    $          307    $        180    $    1,223    $        918  
                                                    ========    =========    ========    ========    ========  
                                                                                                                                                        
Reconciling  items  to                                                                                                                
  adjusted  EBITDA                                                                                                                        
    Results  of  equity-                                                                                                                
      accounted  investees                    (6)                (2)            (15)            (58)              27  
    Restructuring  (1)                          21                  17                98                31              109  
    Stock  based                                                                                                                              
      compensation                                  31                  20                16                88                52  
    Other  incidental  items                                                                                                        
      (1)                                                    24                    8                11                46                30  
    Other  adjustments                            -                    -                  -                46              (46)
                                                    --------    ---------    --------    --------    --------  
Adjusted  EBITDA                      $        387    $          350    $        290    $    1,376    $    1,090  
                                                    ========    =========    ========    ========    ========  
                                                                                                                                                        
Trailing  twelve  month                                                                                                              
  adjusted  EBITDA                    $    1,376    $      1,279    $    1,090    $    1,376    $    1,090  
                                                                                                                                                        
                                                                                                                                                        
(1)  Excluding  depreciation  property,  plant  and  equipment  and  amortization      
  software  related  to:                                                                                                              
    Restructuring                                    2                    6                  -                  9                  2  
    Other  incidental  items                  1                    -                  1                  3                  2  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
Net  cash  provided  by                                                                                                                
  (used  for)  operating                                                                                                              
  activities                              $        314    $          298    $        164    $        891    $        722  
                                                    ========    =========    ========    ========    ========  
Net  capital  expenditures                                                                                                        
  on  property,  plant  and                                                                                                          
  equipment                                          (70)              (54)            (45)          (209)          (249)
                                                    --------    ---------    --------    --------    --------  
                                                                                                                                                        
Non-GAAP  free  cash  flow      $        244    $          244    $        119    $        682    $        473  
Non-GAAP  free  cash  flow                                                                                                          
  as  a  percent  of  Revenue                19%                20%              11%              14%              11%
                                                                                                                                                        
 

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