| MAXLINEAR, INC. | ||||||||
| UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | ||||||||
| Three Months Ended | ||||||||
| March 31, 2016 | December 31, 2015 | March 31, 2015 | ||||||
| GAAP cost of net revenue | 40.4 | % | 43.6 | % | 38.8 | % | ||
| Stock based compensation | — | % | — | % | (0.1 | )% | ||
| Performance based equity | (0.1 | )% | (0.1 | )% | — | % | ||
| Amortization of purchased intangible assets | (1.6 | )% | (1.6 | )% | — | % | ||
| Non-GAAP cost of net revenue | 38.7 | % | 41.9 | % | 38.7 | % | ||
| GAAP R&D expenses | 23.1 | % | 22.9 | % | 43.2 | % | ||
| Stock based compensation | (3.0 | )% | (2.9 | )% | (6.6 | )% | ||
| Incentive award compensation | (0.2 | )% | (1.1 | )% | 0.2 | % | ||
| Performance based equity | (1.1 | )% | (1.2 | )% | (1.1 | )% | ||
| Amortization of purchased intangible assets | (0.1 | )% | (0.1 | )% | (0.3 | )% | ||
| Severance charges | — | % | — | % | (1.9 | )% | ||
| Restricted merger proceeds and contingent consideration | (0.2 | )% | (0.2 | )% | (0.6 | )% | ||
| Non-GAAP R&D expenses | 18.5 | % | 17.3 | % | 32.9 | % | ||
| GAAP SG&A expenses | 13.3 | % | 18.2 | % | 30.9 | % | ||
| Stock based compensation | (1.7 | )% | (1.3 | )% | (3.8 | )% | ||
| Incentive award compensation | — | % | (0.1 | )% | — | % | ||
| Performance based equity | (0.6 | )% | (0.6 | )% | (0.9 | )% | ||
| Amortization of purchased intangible assets | (0.3 | )% | (5.0 | )% | — | % | ||
| Acquisition and integration costs | 0.1 | % | — | % | (7.1 | )% | ||
| Restricted merger proceeds and contingent consideration | (0.1 | )% | (0.3 | )% | 0.5 | % | ||
| Severance charges | — | % | (0.1 | )% | — | % | ||
| IP litigation costs, net | (0.5 | )% | (0.3 | )% | (1.8 | )% | ||
| Non-GAAP SG&A expenses | 10.2 | % | 10.4 | % | 17.8 | % | ||
| GAAP restructuring expenses | 2.1 | % | 24.1 | % | — | % | ||
| Impairment Losses | — | % | (21.8 | )% | — | % | ||
| Restructuring Charges | (2.1 | )% | (2.3 | )% | — | % | ||
| Non-GAAP restructuring expenses | — | % | — | % | — | % | ||
| GAAP income tax expense | 2.5 | % | 0.1 | % | — | % | ||
| Record valuation allowance due to net deferred liability acquired | — | % | 0.2 | % | — | % | ||
| Non-GAAP income tax expense | 2.5 | % | 0.3 | % | — | % | ||
| GAAP net income (loss) | 18.6 | % | (8.6 | )% | (13.3 | )% | ||
| Total adjustments | (11.5 | )% | (39.0 | )% | (23.5 | )% | ||
| Non-GAAP net income | 30.1 | % | 30.4 | % | 10.2 | % | ||
MaxLinear, Inc. Announces First Quarter 2016 Financial Results and the Acquisition of Broadcom Corporation's Wireless Infrastructure Backhaul Business
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