Broadcom Reports Second Quarter 2015 Results

 


UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION

(In millions)


June 30,
2015


March 31,
2015


December 31,
2014

Cash and cash equivalents

$

1,976



$

1,677



$

2,545


Short-term marketable securities

1,208



1,274



1,061


Long-term marketable securities

3,161



2,533



2,383


Total cash, cash equivalents and marketable securities

$

6,345



$

5,484



$

5,989


Increase from prior period end

$

861






Increase from prior year end

$

356






 


BROADCOM CORPORATION

Unaudited Schedule of Selected GAAP to Non-GAAP Adjustments

(In millions)






Three Months Ended


Six Months Ended


June 30,


March 31,


June 30,


June 30,


2015


2015


2014


2015


2014











Net revenue

$

2,096



$

2,058



$

2,041



$

4,154



$

4,025


GAAP cost of revenue

939



972



1,005



1,911



2,009


GAAP gross profit

$

1,157



$

1,086



$

1,036



$

2,243



$

2,016


GAAP gross margin

55.2

%


52.8

%


50.8

%


54.0

%


50.1

%











GAAP cost of revenue

$

939



$

972



$

1,005



$

1,911



$

2,009


Adjustments:










Amortization of purchased intangible assets

(31)



(36)



(47)



(67)



(97)


Inventory charges related to the exit of the cellular baseband business

1



2



(34)



3



(34)


Non-GAAP cost of revenue

$

909



$

938



$

924



$

1,847



$

1,878












Net revenue

$

2,096



$

2,058



$

2,041



$

4,154



$

4,025


Non-GAAP cost of revenue

909



938



924



1,847



1,878


Non-GAAP gross profit

$

1,187



$

1,120



$

1,117



$

2,307



$

2,147


Non-GAAP gross margin

56.6

%


54.4

%


54.7

%


55.5

%


53.3

%






















GAAP net income (loss)

$

386



$

209



$

(1)



$

595



$

164


Adjustments:










Amortization of purchased intangible assets

33



37



56



70



115


Inventory charges related to the exit of the cellular baseband business

(1)



(2)



34



(3)



34


Impairment of long-lived assets



143



165



143



190


Settlement costs

1





16



1



18


Other charges (gains), net

22



(4)



(7)



18



(59)


Restructuring costs, net

4



7



23



11



28


Other expense, net





5





3


Certain income tax benefit





(1)





(6)


Total GAAP to Non-GAAP adjustments

59



181



291



240



323


Non-GAAP net income

$

445



$

390



$

290



$

835



$

487












Shares used in calculation - diluted (GAAP and Non-GAAP)

616



613



587



614



593












GAAP diluted net income (loss) per share

$

0.63



$

0.34



$



$

0.97



$

0.28


Non-GAAP diluted net income per share

$

0.72



$

0.64



$

0.49



$

1.36



$

0.82



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