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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 |
|
|
$ |
2,260 |
|
|
$ |
2,064 |
|
|
$ |
8,428 |
|
|
8,305 |
| |
GAAP cost of revenue |
1,012 |
|
|
1,077 |
|
|
1,026 |
|
|
4,098 |
|
|
4,088 |
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GAAP gross profit |
$ |
1,131 |
|
|
$ |
1,183 |
|
|
$ |
1,038 |
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|
$ |
4,330 |
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$ |
4,217 |
|
GAAP gross margin |
52.8 |
% |
|
52.3 |
% |
|
50.3 |
% |
|
51.4 |
% |
|
50.8 |
% | |||||
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GAAP cost of revenue |
$ |
1,012 |
|
|
$ |
1,077 |
|
|
$ |
1,026 |
|
|
$ |
4,098 |
|
|
$ |
4,088 |
|
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 |
— |
|
|
7 |
|
|
— |
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|
(27) |
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|
(1) |
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Non-GAAP cost of revenue |
$ |
970 |
|
|
$ |
1,038 |
|
|
$ |
984 |
|
|
$ |
3,886 |
|
|
$ |
3,916 |
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|
| ||||||||||
Net revenue |
$ |
2,143 |
|
|
$ |
2,260 |
|
|
$ |
2,064 |
|
|
$ |
8,428 |
|
|
8,305 |
| |
Non-GAAP cost of revenue |
970 |
|
|
1,038 |
|
|
984 |
|
|
3,886 |
|
|
3,916 |
| |||||
Non-GAAP gross profit |
$ |
1,173 |
|
|
$ |
1,222 |
|
|
$ |
1,080 |
|
|
$ |
4,542 |
|
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$ |
4,389 |
|
Non-GAAP gross margin |
54.7 |
% |
|
54.1 |
% |
|
52.3 |
% |
|
53.9 |
% |
|
52.8 |
% | |||||
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