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BROADCOM CORPORATION | |||||||||||||||||||
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Unaudited Schedule of Selected GAAP to Non-GAAP Adjustments | |||||||||||||||||||
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(In millions) | |||||||||||||||||||
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Three Months Ended |
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Six Months Ended | ||||||||||||||||
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June 30, |
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March 31, |
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June 30, |
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June 30, | ||||||||||||
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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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GAAP net income (loss) |
$ |
(1) |
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$ |
165 |
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$ |
(251) |
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$ |
164 |
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$ |
(60) |
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Adjustments: |
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Stock-based compensation and related payroll taxes |
116 |
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121 |
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137 |
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237 |
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279 |
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Amortization of purchased intangible assets |
56 |
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59 |
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58 |
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115 |
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116 |
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Inventory charges related to the exit of the cellular baseband business |
34 |
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— |
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— |
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34 |
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1 |
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Impairment of long-lived assets |
165 |
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25 |
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501 |
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190 |
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511 |
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Settlement costs |
16 |
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2 |
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— |
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18 |
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— |
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Other gains, net |
(7) |
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(52) |
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— |
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(59) |
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— |
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Restructuring costs, net |
23 |
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5 |
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— |
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28 |
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— |
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Other expense (income), net |
5 |
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(2) |
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(1) |
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3 |
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(1) |
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Certain income tax benefit |
(1) |
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(5) |
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(8) |
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(6) |
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(10) |
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Total GAAP to Non-GAAP adjustments |
407 |
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|
153 |
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|
687 |
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560 |
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896 |
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Non-GAAP net income |
$ |
406 |
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$ |
318 |
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$ |
436 |
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$ |
724 |
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$ |
836 |
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Shares used in calculation - diluted (GAAP) |
587 |
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590 |
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578 |
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593 |
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574 |
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Non-GAAP adjustment * |
39 |
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28 |
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44 |
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29 |
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44 |
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Shares used in calculation - diluted (Non-GAAP) |
626 |
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618 |
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622 |
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622 |
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618 |
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GAAP diluted net income (loss) per share |
$ |
— |
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$ |
0.28 |
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$ |
(0.43) |
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$ |
0.28 |
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$ |
(0.10) |
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Non-GAAP diluted net income per share |
$ |
0.65 |
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$ |
0.51 |
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$ |
0.70 |
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$ |
1.16 |
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$ |
1.35 |
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*Represents the benefits of compensation costs attributable to future services and not yet recognized in the financial statements that are treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method. |
