_______________
⁽¹⁾ Net cash used in operating activities for the three months ended June 30, 2017 of $7.1 million includes the impact of payments of $18.0 million in assumed Exar pre-close liabilities and $7.6 million in aggregate transaction and cash restructuring costs.

MAXLINEAR, INC. UNAUDITED GAAP CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)
	Six Months Ended
	June 30, 2017				June 30, 2016
Operating Activities
Net income	$	19,428			$	43,265
Adjustments to reconcile net income to cash provided by operating activities:
Amortization and depreciation	25,160				9,935
Provision for losses on accounts receivable	87				—
Amortization (accretion) of investment premiums (discount), net	(60		)		83
Amortization of inventory step-up	5,635				336
Amortization of debt issuance costs	175				—
Stock-based compensation	17,102				10,211
Deferred income taxes	(53,142		)		133
(Gain) loss on disposal of property and equipment	(85		)		48
(Gain) loss on sale of available-for-sale securities	38				(50		)
(Gain) loss on foreign currency	682				(46		)
Excess tax benefits on stock-based awards	(3,290		)		(5,114		)
Change in fair value of contingent consideration	—				110
Changes in operating assets and liabilities:
Accounts receivable	(20,932		)		(1,941		)
Inventory	(7,391		)		7,418
Prepaid expenses and other assets	5,210				(805		)
Accounts payable, accrued expenses and other current liabilities	15,562				4,967
Accrued compensation	(1,282		)		3,540
Deferred revenue and deferred profit	7,326				1,732
Accrued price protection liability	9,447				(1,756		)
Other long-term liabilities	(4,088		)		(767		)
Net cash provided by operating activities	15,582				71,299
Investing Activities
Purchases of property and equipment	(1,898		)		(4,710		)
Purchases of intangible assets	(5,325		)		(390		)
Cash used in acquisition, net of cash acquired	(473,304		)		(21,000		)
Purchases of available-for-sale securities	(30,577		)		(47,277		)
Maturities of available-for-sale securities	84,546				81,011
Net cash provided by (used in) investing activities	(426,558		)		7,634
Financing Activities
Repurchases of common stock	(334		)		(3		)
Net proceeds from issuance of common stock	8,018				4,285
Minimum tax withholding paid on behalf of employees for restricted stock units	(8,399		)		(3,593		)
Proceeds from issuance of debt	416,846				—
Net cash provided by financing activities	416,131				689
Effect of exchange rate changes on cash and cash equivalents	2,040				4
Increase in cash, cash equivalents and restricted cash	7,195				79,626
Cash, cash equivalents and restricted cash at beginning of period	82,896				67,956
Cash, cash equivalents and restricted cash at end of period	$	90,091			$	147,582

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