BROADCOM CORPORATION | |||||||||||
Unaudited Schedule of Selected GAAP to Non-GAAP Adjustments | |||||||||||
(In millions) | |||||||||||
|
| ||||||||||
|
Three Months Ended | ||||||||||
|
March 31, |
|
December 31, |
|
March 31, | ||||||
|
2014 |
|
2013 |
|
2013 | ||||||
|
|
|
|
|
| ||||||
Product revenue |
$ |
1,984 |
|
|
$ |
2,064 |
|
|
$ |
1,962 |
|
GAAP cost of product revenue |
1,004 |
|
|
1,026 |
|
|
988 |
| |||
GAAP product gross profit |
$ |
980 |
|
|
$ |
1,038 |
|
|
$ |
974 |
|
GAAP product gross margin |
49.4 |
% |
|
50.3 |
% |
|
49.6 |
% | |||
|
|
|
|
|
| ||||||
|
|
|
|
|
| ||||||
GAAP cost of product revenue |
$ |
1,004 |
|
|
$ |
1,026 |
|
|
$ |
988 |
|
Adjustments: |
|
|
|
|
| ||||||
Stock-based compensation and related payroll taxes |
(6) |
|
|
(6) |
|
|
(7) |
| |||
Amortization of purchased intangible assets and step-up of acquired inventory |
(50) |
|
|
(42) |
|
|
(44) |
| |||
Non-GAAP cost of product revenue |
$ |
948 |
|
|
$ |
978 |
|
|
$ |
937 |
|
|
|
|
|
|
| ||||||
|
|
|
|
|
| ||||||
Product revenue |
$ |
1,984 |
|
|
$ |
2,064 |
|
|
$ |
1,962 |
|
Non-GAAP cost of product revenue |
948 |
|
|
978 |
|
|
937 |
| |||
Non-GAAP product gross profit |
$ |
1,036 |
|
|
$ |
1,086 |
|
|
$ |
1,025 |
|
Non-GAAP product gross margin |
52.2 |
% |
|
52.6 |
% |
|
52.2 |
% | |||
|
|
|
|
|
| ||||||
|
|
|
|
|
| ||||||
GAAP research and development and selling, general and administrative expense |
$ |
821 |
|
|
$ |
815 |
|
|
$ |
794 |
|
Adjustments: |
|
|
|
|
| ||||||
Stock-based compensation and related payroll taxes |
(115) |
|
|
(113) |
|
|
(135) |
| |||
Non-GAAP research and development and selling, general and administrative expense |
$ |
706 |
|
|
$ |
702 |
|
|
$ |
659 |
|