|
UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION |
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|
(In millions) |
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|
September 30,
|
June 30,
|
December 31,
|
|||||||||
|
Cash and cash equivalents |
$ |
2,212 |
$ |
1,976 |
$ |
2,545 |
|||||
|
Short-term marketable securities |
1,252 |
1,208 |
1,061 |
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|
Long-term marketable securities |
3,180 |
3,161 |
2,383 |
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|
Total cash, cash equivalents and marketable securities |
$ |
6,644 |
$ |
6,345 |
$ |
5,989 |
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|
Increase from prior period end |
$ |
299 |
|||||||||
|
Increase from prior year end |
$ |
655 |
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|
BROADCOM CORPORATION |
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|
Unaudited Schedule of Selected GAAP to Non-GAAP Adjustments |
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|
(In millions) |
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|
Three Months Ended |
Nine Months Ended |
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|
September 30, |
June 30, |
September 30, |
September 30, |
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|
2015 |
2015 |
2014 |
2015 |
2014 |
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|
Net revenue |
$ |
2,187 |
$ |
2,096 |
$ |
2,260 |
$ |
6,341 |
$ |
6,285 |
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|
GAAP cost of revenue |
1,015 |
939 |
1,077 |
2,926 |
3,086 |
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|
GAAP gross profit |
$ |
1,172 |
$ |
1,157 |
$ |
1,183 |
$ |
3,415 |
$ |
3,199 |
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|
GAAP gross margin |
53.6 |
% |
55.2 |
% |
52.3 |
% |
53.9 |
% |
50.9 |
% |
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|
GAAP cost of revenue |
$ |
1,015 |
$ |
939 |
$ |
1,077 |
$ |
2,926 |
$ |
3,086 |
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|
Adjustments: |
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|
Amortization of purchased intangible assets |
(31) |
(31) |
(46) |
(98) |
(143) |
||||||||||||||
|
Inventory sell-through (charges) related to the exit of the cellular baseband business |
— |
1 |
7 |
3 |
(27) |
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|
Non-GAAP cost of revenue |
$ |
984 |
$ |
909 |
$ |
1,038 |
$ |
2,831 |
$ |
2,916 |
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|
Net revenue |
$ |
2,187 |
$ |
2,096 |
$ |
2,260 |
$ |
6,341 |
$ |
6,285 |
|||||||||
|
Non-GAAP cost of revenue |
984 |
909 |
1,038 |
2,831 |
2,916 |
||||||||||||||
|
Non-GAAP gross profit |
$ |
1,203 |
$ |
1,187 |
$ |
1,222 |
$ |
3,510 |
$ |
3,369 |
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|
Non-GAAP gross margin |
55.0 |
% |
56.6 |
% |
54.1 |
% |
55.4 |
% |
53.6 |
% |
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|
GAAP net income |
$ |
429 |
$ |
386 |
$ |
98 |
$ |
1,024 |
$ |
262 |
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|
Adjustments: |
|||||||||||||||||||
|
Amortization of purchased intangible assets |
32 |
33 |
54 |
102 |
169 |
||||||||||||||
|
Inventory charges (sell-through) related to the exit of the cellular baseband business |
— |
(1) |
(7) |
(3) |
27 |
||||||||||||||
|
Impairment of long-lived assets |
— |
— |
200 |
143 |
390 |
||||||||||||||
|
Settlement costs |
4 |
1 |
2 |
5 |
20 |
||||||||||||||
|
Other charges (gains), net |
8 |
22 |
(1) |
26 |
(60) |
||||||||||||||
|
Restructuring costs, net |
4 |
4 |
114 |
15 |
142 |
||||||||||||||
|
Other expense, net |
— |
— |
— |
— |
3 |
||||||||||||||
|
Certain income tax benefit |
— |
— |
1 |
— |
(5) |
||||||||||||||
|
Total GAAP to Non-GAAP adjustments |
48 |
59 |
363 |
288 |
686 |
||||||||||||||
|
Non-GAAP net income |
$ |
477 |
$ |
445 |
$ |
461 |
$ |
1,312 |
$ |
948 |
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|
Shares used in calculation - diluted (GAAP and Non-GAAP) |
620 |
616 |
607 |
616 |
598 |
||||||||||||||
|
GAAP diluted net income per share |
$ |
0.69 |
$ |
0.63 |
$ |
0.16 |
$ |
1.66 |
$ |
0.44 |
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|
Non-GAAP diluted net income per share |
$ |
0.77 |
$ |
0.72 |
$ |
0.76 |
$ |
2.13 |
$ |
1.59 |
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