Broadcom Reports First Quarter 2014 Results

 

BROADCOM CORPORATION

Unaudited Condensed Consolidated Balance Sheets

(In millions)






March 31,
2014


December 31,
2013

ASSETS





Current assets:




Cash and cash equivalents

$

2,254



$

1,657


Short-term marketable securities

679



775


Accounts receivable, net

734



795


Inventory

529



525


Prepaid expenses and other current assets

157



163


Total current assets

4,353



3,915


Property and equipment, net

617



593


Long-term marketable securities

2,008



1,939


Goodwill

3,756



3,793


Purchased intangible assets, net

1,061



1,144


Other assets

112



111


Total assets

$

11,907



$

11,495






LIABILITIES AND SHAREHOLDERS' EQUITY





Current liabilities:




Accounts payable

$

580



$

585


Wages and related benefits

201



243


Deferred revenue and income

41



21


Accrued liabilities

770



647


Total current liabilities

1,592



1,496


Long-term debt

1,395



1,394


Other long-term liabilities

311



234


Commitments and contingencies




Shareholders' equity

8,609



8,371


Total liabilities and shareholders' equity

$

11,907



$

11,495











UNAUDITED SUPPLEMENTAL FINANCIAL INFORMATION

(In millions)


March 31,
2014


December 31,
2013

Cash and cash equivalents

$

2,254



$

1,657


Short-term marketable securities

679



775


Long-term marketable securities

2,008



1,939


Total cash, cash equivalents and marketable securities

$

4,941



$

4,371


Increase from prior period end

$

570





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