Broadcom Reports Fourth Quarter and Full Year 2014 Results

 



BROADCOM CORPORATION

Unaudited Condensed Consolidated Balance Sheets

(In millions)






December 31,
2014


December 31,
2013

ASSETS





Current assets:




Cash and cash equivalents

$

2,545



$

1,657


Short-term marketable securities

1,061



775


Accounts receivable, net

804



795


Inventory

531



525


Prepaid expenses and other current assets

131



163


Total current assets

5,072



3,915


Property and equipment, net

516



593


Long-term marketable securities

2,383



1,939


Goodwill

3,710



3,793


Purchased intangible assets, net

664



1,144


Other assets

126



111


Total assets

$

12,471



$

11,495






LIABILITIES AND SHAREHOLDERS' EQUITY





Current liabilities:




Accounts payable

$

503



$

585


Wages and related benefits

220



243


Deferred revenue and income

36



21


Accrued liabilities

791



647


Total current liabilities

1,550



1,496


Long-term debt

1,593



1,394


Other long-term liabilities

277



234


Commitments and contingencies




Shareholders' equity

9,051



8,371


Total liabilities and shareholders' equity

$

12,471



$

11,495















UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION

(In millions)



December 31,
2014


September 30,
2014


December 31,
2013

Cash and cash equivalents

$

2,545



$

2,254



$

1,657


Short-term marketable securities

1,061



1,068



775


Long-term marketable securities

2,383



2,098



1,939


Total cash, cash equivalents and marketable securities

$

5,989



$

5,420



$

4,371


Increase from prior period end

$

569






Increase from prior year end

$

1,618







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