Broadcom Reports Second Quarter 2014 Results

 






















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,


2014


2014


2013


2014


2013











GAAP net income (loss)

$

(1)



$

165



$

(251)



$

164



$

(60)


Adjustments:










Stock-based compensation and related payroll taxes

116



121



137



237



279


Amortization of purchased intangible assets

56



59



58



115



116


Inventory charges related to the exit of the cellular baseband business

34







34



1


Impairment of long-lived assets

165



25



501



190



511


Settlement costs

16



2





18




Other gains, net

(7)



(52)





(59)




Restructuring costs, net

23



5





28




Other expense (income), net

5



(2)



(1)



3



(1)


Certain income tax benefit

(1)



(5)



(8)



(6)



(10)


Total GAAP to Non-GAAP adjustments

407



153



687



560



896


Non-GAAP net income

$

406



$

318



$

436



$

724



$

836












Shares used in calculation - diluted (GAAP)

587



590



578



593



574


Non-GAAP adjustment *

39



28



44



29



44


Shares used in calculation - diluted (Non-GAAP)

626



618



622



622



618












GAAP diluted net income (loss) per share

$



$

0.28



$

(0.43)



$

0.28



$

(0.10)


Non-GAAP diluted net income per share

$

0.65



$

0.51



$

0.70



$

1.16



$

1.35



*Represents the benefits of compensation costs attributable to future services and not yet recognized in the financial statements that are treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method.


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