FY 2018 Fourth Quarter Earnings Call
Non-GAAP reconciliations
Free Cash Flow
ADIENT
Free Cash Flow
Three Months Ended
September 30
Adjusted EBITDA to Free Cash Flow
Twelve Months Ended
(in $ millions)
2018
2017
2018
September 30
2017
(in $ millions)
Three Months
Ended September 30
Twelve Months
Ended September 30
2018
2018
Operating cash flow
$ 439
$ 446
$
679
$ 746
Adjusted-EBITDA
$
251
$
1,200
Less: Capital expenditures
(132)
(160)
(536)
(577)
(-) Interest paid
(57)
(143)
Cash from former Parent
Adjusted Free cash flow
315
(-) Taxes paid
5
(139)
$
307
$ 286
$
143
$ 484
(-) Restructuring (Cash)
(35)
(174)
(+/-) Change in Trade Working Capital
351
225
(+/-) Net Equity in Earnings
(77)
(95)
(+/-) Other
1
(195)
Operating cash flow
$
439
$
679
(-) CapEx
Adjusted Free cash flow
(132)
(536)
ՄՌ
$
307 $
143
FY 2018 Fourth Quarter Earnings Call / November 9, 2018
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