Broadcom Limited Announces First Quarter Fiscal Year 2016

Broadcom Limited Announces First Quarter Fiscal Year 2016 Financial Results

BROADCOM LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED
(IN MILLIONS)


	Fiscal Quarter Ended
	January 31,			November 1,			February 1,
		2016			2015			2015
Cash flows from operating activities:
Net income	$	377		$	429		$	351

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		244			250			226
Share-based compensation		57			63			49
Excess tax from share-based compensation		(23	)		(23	)		(20	)
Non-cash restructuring and disposal charges		22			2			5
Loss (gain) on sale of businesses		-			28			(14	)
Deferred taxes		(8	)		(185	)		(6	)
Amortization of debt issuance costs and accretion of debt discount		4			4			7
Other		4			8			6
Changes in assets and liabilities, net of acquisitions and disposals:
Trade accounts receivable, net		(41	)		(209	)		64
Inventory		34			(1	)		33
Accounts payable		(68	)		81			(78	)
Employee compensation and benefits		(149	)		20			(90	)
Other current assets and current liabilities		16			37			(45	)
Other long-term assets and long-term liabilities		5			78			(7	)
Net cash provided by operating activities		474			582			481

Cash flows from investing activities:
Purchases of property, plant and equipment		(140	)		(106	)		(162	)
Proceeds from disposals of property, plant and equipment		-			47			26
Proceeds from sale of businesses		68			-			650
Acquisition of business		(12	)		-			-
Purchases of investments		(1	)		(5	)		-
Net cash (used in) provided by investing activities		(85	)		(64	)		514

Cash flows from financing activities:
Dividend payments to shareholders		(122	)		(116	)		(89	)
Issuance of ordinary shares		72			55			51
Excess tax from share-based compensation		23			23			20
Debt repayments		(11	)		(12	)		(12	)
Debt issuance costs		(4	)		-			-
Net cash used in financing activities		(42	)		(50	)		(30	)

Net change in cash and cash equivalents		347			468			965
Cash and cash equivalents at beginning of period		1,822			1,354			1,604
Cash and cash equivalents at end of period	$	2,169		$	1,822		$	2,569

 Contacts:
Broadcom  Limited
Ashish  Saran
Investor  Relations
+1  408  433  8000
investor.relations@broadcom.com

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8