SunEdison Semiconductor Reports First Quarter 2016 Results

SUNEDISON SEMICONDUCTOR LIMITED AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
 
  Three Months Ended
  March 31, 2016  December 31, 2015  March 31, 2015
Cash flows from operating activities:     
Net loss$(117.1) $(31.1) $(9.3)
Adjustments to reconcile net loss to net cash provided by operating activities:     
Depreciation and amortization26.5  29.6  29.7 
Loss on partial sale of SMP investment6.1     
Long-lived asset impairment charges  2.7  0.1 
Stock-based compensation3.9  4.1  3.6 
Provision for deferred taxes0.4  4.7  3.5 
Equity in loss (income) of equity method investments86.2  (0.7) 0.3 
Other1.5  (2.2) (0.5)
Changes in assets and liabilities:     
Accounts receivable(8.1) 14.6  (3.9)
Inventories0.5  (6.7) 5.7 
Accounts receivable, affiliate    (11.1)
Accounts payable, affiliate    11.9 
Prepaid and other current assets7.2  (0.1) (0.4)
Accounts payable and accrued liabilities(5.7) 5.0  7.8 
Income taxes payable3.6  (3.0) 3.1 
Pension and post-employment liabilities(0.3) 1.2  (0.1)
Restructuring liabilities0.2  0.8  (0.6)
Other6.1  2.9  (5.2)
Net cash provided by operating activities11.0  21.8  34.6 
Cash flows from investing activities:     
Capital expenditures(41.0) (23.5) (28.8)
Disbursements made for notes receivable    (9.1)
Other2.5     (2.6 )    
Net cash used in investing activities (38.5 )   (26.1 )   (37.9 )
Cash flows from financing activities:          
Principal payments on long-term debt (0.4 )   (40.4 )   (0.5 )
Proceeds from long-term debt 4.2     38.5      
Change in ordinary shares     (0.1 )    
Net proceeds (payments) on short-term borrowings 1.6     (0.1 )   7.6  
Deferred financing costs and original issuance discount     (0.4 )    
Advanced payments 17.7          
Other         0.1  
Net cash provided by (used in) financing activities 23.1     (2.5 )   7.2  
Effect of exchange rate changes on cash and cash equivalents 0.6     (0.5 )   (1.5 )
Net (decrease) increase in cash and cash equivalents (3.8 )   (7.3 )   2.4  
Cash and cash equivalents at beginning of period 83.5     90.8     88.2  
Cash and cash equivalents at end of period $ 79.7     $ 83.5     $ 90.6  

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »



Review Article Be the first to review this article
Featured Video
Editorial
More Editorial  
Jobs
Test Development Engineer(Job Number: 17001697) for Global Foundaries at Santa Clara, CA
Engr, Elec Des 2 for KLA-Tencor at Milpitas, CA
Senior FPGA Designer for Fidus Electronic Product Development at Fremont, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Lead Java Platform Engineer IOT-WEB for EDA Careers at San Francisco Area, CA
ASIC Design Engineer for Ambarella at Santa Clara, CA
Upcoming Events
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
10th Anniversary of Cyber-Physical Systems Week at Pittsburgh, PA, USA PA - Apr 18 - 21, 2017
DVCon 2017 China, April 19, 2017, Parkyard Hotel Shanghai, China at Parkyard Hotel Shanghai Shanghai China - Apr 19, 2017
Zuken Innovation World 2017 at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
S2C: FPGA Base prototyping- Download white paper



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy