Avago Technologies Limited Announces Fourth Quarter and Fiscal Year 2015 Financial Results
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AVAGO TECHNOLOGIES LIMITED | | |
CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED | | |
(IN MILLIONS) | | | | | | | | | | | | |
November 1, | |
November 2, | | | | | | |
2015 | | |
2014
(1) | | | | | | | | | | | |
ASSETS | | | | | | | | | | | | | | | | Current assets: | | | | | | | | Cash and cash equivalents | | $ | 1,822 | | | $ | 1,604 | | | | | Trade accounts receivable, net | | | 1,019 | | | | 782 | | | | | Inventory | | | 524 | | | | 519 | | | | | Assets held-for-sale | | | 22 | | | | 628 | | | | | Other current assets | | | 388 | | | | 302 | | | | | Total current assets | | | 3,775 | | | | 3,835 | | | | | Property, plant and equipment, net | | | 1,460 | | | | 1,158 | | | | | Goodwill | | | 1,674 | | | | 1,596 | | | | | Intangible assets, net | | | 3,277 | | | | 3,617 | | | | | Other long-term assets | | | 406 | | | | 285 | | | | | Total assets | | $ | 10,592 | | | $ | 10,491 | | | | | | | | | | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | | | | | | | | Current liabilities: | | | | | | | | Accounts payable | | $ | 617 | | | $ | 515 | | | | | Employee compensation and benefits | | | 250 | | | | 219 | | | | | Other current liabilities | | | 206 | | | | 236 | | | | | Current portion of long-term debt | | | 46 | | | | 46 | | | | | Total current liabilities | | | 1,119 | | | | 1,016 | | | | | | | | | | | | | Long-term liabilities: | | | | | | | | Long-term debt | | | 3,903 | | | | 4,543 | | | | | Convertible notes payable to related party - non-current | | | - | | | | 920 | | | | | Pension and post-retirement benefit obligations | | | 475 | | | | 506 | | | | | Other long-term liabilities | | | 381 | | | | 263 | | | | | Total liabilities | | | 5,878 | | | | 7,248 | | | | | | | | | | | | | | | | | Shareholders' equity: | | | | | | | | | | | | Ordinary shares, no par value | | | 2,547 | | | | 2,009 | | | | | Retained earnings | | | 2,240 | | | | 1,284 | | | | | Accumulated other comprehensive loss | | | (73 | ) | | | (50 | ) | | | | Total shareholders' equity | | | 4,714 | | | | 3,243 | | | | | Total liabilities and shareholders' equity | | $ | 10,592 | | | $ | 10,491 | | | | | | | | | | | | | | | | | (1) Amounts as of November 2, 2014 have been derived from audited financial statements as of that date. | | | | | | | | | | |
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