AVGO FY 2012 Earnings Report — Broadcom Inc. Revenue & Financial Results | Market Cap Arena

Broadcom Inc.AVGO

FY 2012 Earnings

Reported October 31, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.3B	—	1.2%
Op. Income	$582M	—	$584M	—	-0.3%
Gross Margin	48.3%	—	49.1%	—	-0.8pp
Net Margin	23.8%	—	23.6%	—	0.2pp
EPS (Diluted)	$0.23	—	$0.22	—	4.5%
Free Cash Flow	$452M	—	$614M	—	-26.4%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.1B
R&D Expenses	$335M
Selling & Marketing	$0
General & Administrative	$199M
SG&A Expenses	$199M
Other Expenses	$21M
Operating Expenses	$555M
Cost & Expenses	$1.8B
OPERATING INCOME	$582M
Interest Income	$4M
Interest Expense	$1M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$585M
Income Tax Expense	$22M
Net Income from Continuing Ops	$563M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$563M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$563M
D&A	$155M
EBIT	$586M
EBITDA	$742M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.1B
R&D Expenses	$335M
Selling & Marketing	$0
General & Administrative	$199M
SG&A Expenses	$199M
Other Expenses	$21M
Operating Expenses	$555M
Cost & Expenses	$1.8B
OPERATING INCOME	$582M
Interest Income	$4M
Interest Expense	$1M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$585M
Income Tax Expense	$22M
Net Income from Continuing Ops	$563M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$563M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$563M
D&A	$155M
EBIT	$586M
EBITDA	$742M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$563M
Depreciation & Amortization	$155M
Stock-Based Compensation	$53M
Deferred Income Tax	$13M
Other Non-Cash Items	-$4M
Change in Working Capital	-$87M
OPERATING CASH FLOW	$693M
Capital Expenditure	-$241M
Acquisitions (Net)	$0
Purchases of Investments	-$4M
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$244M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$110M
Common Dividends Paid	-$137M
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$194M
FREE CASH FLOW	$452M
Net Change in Cash	$255M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$359M
Inventory	$194M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$503M
Goodwill	$180M
Intangible Assets	$422M
Long-Term Investments	$5M
Tax Assets	-$5M
Other Non-Current Assets	$66M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.9B
Account Payables	$248M
Short-Term Debt	$0
Deferred Revenue	$8M
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$346M
Long-Term Debt	$2M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$95M
TOTAL NON-CURRENT LIABILITIES	$97M
TOTAL LIABILITIES	$443M
Common Stock	$1.5B
Additional Paid-In Capital	$1.5B
Retained Earnings	$951M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	-$1.5B
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$0
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$3M
Net Debt	-$1.1B