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BROADCOM CORPORATION | |||||||||||||||||||
Unaudited Schedule of Selected GAAP to Non-GAAP Adjustments | |||||||||||||||||||
(In millions) | |||||||||||||||||||
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Three Months Ended |
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Year Ended | ||||||||||||||||
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December 31, |
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September 30, |
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December 31, |
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December 31, | ||||||||||||
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2014 |
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2014 |
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2013 |
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2014 |
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2013 | ||||||||||
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Net revenue |
$ |
2,143 |
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$ |
2,260 |
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$ |
2,064 |
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$ |
8,428 |
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8,305 |
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GAAP cost of revenue |
1,012 |
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|
1,077 |
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|
1,026 |
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|
4,098 |
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|
4,088 |
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GAAP gross profit |
$ |
1,131 |
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$ |
1,183 |
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$ |
1,038 |
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$ |
4,330 |
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$ |
4,217 |
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GAAP gross margin |
52.8 |
% |
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52.3 |
% |
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50.3 |
% |
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51.4 |
% |
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50.8 |
% | |||||
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GAAP cost of revenue |
$ |
1,012 |
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$ |
1,077 |
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$ |
1,026 |
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$ |
4,098 |
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$ |
4,088 |
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Adjustments: |
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Amortization of purchased intangible assets |
(42) |
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(46) |
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(42) |
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(185) |
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(171) |
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Amortization of acquired inventory step-up and inventory charges related to the exit of the cellular baseband business |
— |
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7 |
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— |
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(27) |
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(1) |
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Non-GAAP cost of revenue |
$ |
970 |
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$ |
1,038 |
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$ |
984 |
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$ |
3,886 |
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$ |
3,916 |
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Net revenue |
$ |
2,143 |
|
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$ |
2,260 |
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$ |
2,064 |
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$ |
8,428 |
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|
8,305 |
| |
Non-GAAP cost of revenue |
970 |
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1,038 |
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|
984 |
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3,886 |
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3,916 |
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Non-GAAP gross profit |
$ |
1,173 |
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$ |
1,222 |
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$ |
1,080 |
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$ |
4,542 |
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$ |
4,389 |
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Non-GAAP gross margin |
54.7 |
% |
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54.1 |
% |
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52.3 |
% |
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53.9 |
% |
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52.8 |
% | |||||
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Broadcom Reports Fourth Quarter and Full Year 2014 Results
| | More IC News |
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