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

EMA:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Retail Therapy: Jump starting Black Friday
Peggy AycinenaIP Showcase
by Peggy Aycinena
REUSE 2016: Addressing the Four Freedoms
More Editorial  
Jobs
AE-APPS SUPPORT/TMM for EDA Careers at San Jose-SOCAL-AZ, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Manager, Field Applications Engineering for Real Intent at Sunnyvale, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Upcoming Events
Zuken Innovation World 2017, April 24 - 26, 2017, Hilton Head Marriott Resort & Spa in Hilton Head Island, SC at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
CST Webinar Series



Internet Business Systems © 2016 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