Broadcom was founded in 1991 and is headquartered in San Jose, US

President and Chief Executive Officer

Chief Financial Officer

Senior Vice President and Chief Sales Officer

Chief Technical Officer

Broadcom has offices in San Jose, Irvine, San Diego, Chandler and in 4 other locations

San Jose, US (HQ)

1320 Ridder Park Dr

Longmont, US

2605 Trade Centre Ave

Petaluma, US

1351 Redwood Way

Sunnyvale, US

190 Mathilda Pl

Santa Clara, US

2451 Mission College Blvd

Santa Clara, US

3975 Freedom Cir

Broadcom's revenue was reported to be $4.2 b in Q2, 2017

USD

## Revenue (Q2, 2017) | 4.2 b |

## Gross profit (Q2, 2017) | 2.6 b |

## Gross profit margin (Q2, 2017), % | 63% |

## Net income (Q2, 2017) | 464 m |

## EBIT (Q2, 2017) | 474 m |

## Market capitalization (22-Aug-2017) | 112.7 b |

## Cash (30-Apr-2017) | 4.3 b |

Broadcom's current market capitalization is $112.7 b.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 8.3 b | 8.4 b | 6.8 b | 13.2 b |

## Revenue growth, % | 1% | (19%) | 94% | |

## Cost of goods sold | 4.1 b | 4.1 b | 2.8 b | 5.3 b |

## Gross profit | 4.2 b | 4.3 b | 4.1 b | 7.9 b |

## Gross profit Margin, % | 51% | 51% | 60% | 60% |

## R&D expense | 2.7 b | |||

## General and administrative expense | 806 m | |||

## Operating expense total | 3.5 b | |||

## EBIT | 472 m | 694 m | 1.6 b | (409 m) |

## EBIT margin, % | 6% | 8% | 24% | (3%) |

## Interest expense | 30 m | 36 m | 191 m | 585 m |

## Pre tax profit | 445 m | 667 m | 1.5 b | (1.1 b) |

## Income tax expense | 21 m | 15 m | 76 m | 642 m |

## Net Income | 424 m | 652 m | 1.4 b | (1.9 b) |

USD | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|---|---|---|

## Revenue | 1.8 b | 3.5 b | 3.8 b | 4.1 b | 4.2 b |

## Cost of goods sold | 699 m | 1.4 b | 1.5 b | 1.6 b | 1.6 b |

## Gross profit | 1.1 b | 2.1 b | 2.3 b | 2.6 b | 2.6 b |

## Gross profit Margin, % | 61% | 59% | 60% | 62% | 63% |

## R&D expense | 267 m | 787 m | 814 m | 808 m | 829 m |

## General and administrative expense | 114 m | 238 m | 230 m | 201 m | 204 m |

## Operating expense total | 381 m | 1 b | 1 b | 1 b | 1 b |

## EBIT | 475 m | (1 b) | (264 m) | 506 m | 474 m |

## EBIT margin, % | 27% | (28%) | (7%) | 12% | 11% |

## Interest expense | 84 m | 256 m | 139 m | 111 m | 112 m |

## Pre tax profit | 394 m | (1.3 b) | (420 m) | 267 m | 365 m |

## Income tax expense | 17 m | (99 m) | (117 m) | 10 m | |

## Net Income | 377 m | (1.3 b) | (315 m) | 252 m | 464 m |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 1.7 b | 2.5 b | 1.8 b | 3.1 b |

## Accounts Receivable | 2.2 b | |||

## Inventories | 163 m | 131 m | 524 m | 1.4 b |

## Current Assets | 3.9 b | 5.1 b | 3.8 b | 7.1 b |

## PP&E | 593 m | 516 m | 1.5 b | 2.5 b |

## Goodwill | 3.8 b | 3.7 b | 1.7 b | 24.7 b |

## Total Assets | 11.5 b | 12.5 b | 10.5 b | 50 b |

## Accounts Payable | 585 m | 503 m | 617 m | 1.3 b |

## Total Debt | 1.4 b | 1.6 b | 3.9 b | 13.6 b |

## Current Liabilities | 1.5 b | 1.6 b | 1.1 b | 3.1 b |

## Total Liabilities | 5.8 b | 28.1 b | ||

## Additional Paid-in Capital | 12.5 b | 12.6 b | 2.5 b | 19.2 b |

## Retained Earnings | (4.1 b) | (3.5 b) | 2.2 b | (215 m) |

## Total Equity | 8.4 b | 4.7 b | 18.9 b | |

## Debt to Equity Ratio | 0.2 x | 0.8 x | 0.7 x | |

## Debt to Assets Ratio | 0.1 x | 0.1 x | 0.4 x | 0.3 x |

## Financial Leverage | 1.4 x | 2.2 x | 2.6 x |

USD | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|---|---|---|

## Cash | 2.2 b | 2 b | 2 b | 3.5 b | 4.3 b |

## Accounts Receivable | 1.1 b | 1.9 b | 2.2 b | 1.9 b | 2.1 b |

## Inventories | 490 m | 1.5 b | 1.3 b | 1.3 b | 1.3 b |

## Current Assets | 4 b | 6.7 b | 6 b | 7.4 b | 8.5 b |

## PP&E | 1.5 b | 2.5 b | 2.6 b | 2.6 b | 2.8 b |

## Goodwill | 1.7 b | 24.8 b | 24.8 b | 24.7 b | 24.7 b |

## Total Assets | 10.8 b | 51.4 b | 49.8 b | 49.6 b | 49.8 b |

## Accounts Payable | 523 m | 985 m | 1.1 b | 1 b | 925 m |

## Current Liabilities | 862 m | 2.7 b | 2.7 b | 2.1 b | 2.1 b |

## Retained Earnings | 2.5 b | 1.1 b | 619 m | (337 m) | (311 m) |

## Total Equity | 5.1 b | 22.8 b | 22.5 b | 22 b | 22.3 b |

## Financial Leverage | 2.1 x | 2.3 x | 2.2 x | 2.3 x | 2.2 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 424 m | 652 m | 1.4 b | (1.9 b) |

## Depreciation and Amortization | 3 b | |||

## Accounts Receivable | (55 m) | (70 m) | (187 m) | (491 m) |

## Inventories | 2 m | 193 m | 62 m | 996 m |

## Accounts Payable | 24 m | 13 m | 29 m | 33 m |

## Cash From Operating Activities | 1.8 b | 1.9 b | 2.3 b | 3.4 b |

## Purchases of PP&E | (723 m) | |||

## Cash From Investing Activities | (996 m) | (914 m) | (241 m) | (9.8 b) |

## Long-term Borrowings | (300 m) | (12 m) | (1.6 b) | (9.8 b) |

## Dividends Paid | (254 m) | (283 m) | (408 m) | (750 m) |

## Cash From Financing Activities | (749 m) | (123 m) | (1.9 b) | 7.7 b |

## Interest Paid | 40 m | 43 m | 172 m | 448 m |

## Income Taxes Paid | 18 m | 27 m | 138 m | 242 m |

USD | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|---|---|---|

## Net Income | 377 m | (1.3 b) | (315 m) | 252 m | 464 m |

## Depreciation and Amortization | 130 m | 198 m | 211 m | ||

## Inventories | 490 m | 1.5 b | 1.3 b | 1.3 b | 1.3 b |

## Accounts Payable | 523 m | 985 m | 1.1 b | 1 b | 925 m |

Y, 2017 | |
---|---|

## Financial Leverage | 2.2 x |

Acquired Company | Date | Deal Size |
---|---|---|

Brocade | November 02, 2016 | $5.9 b |

Source: 1.7 k public H-1B filings from Broadcom

August 15, 2017

Broadcom is unveiling its Max WiFi chips today based on the next-generation Wi-Fi standard, 802.11ax, which is designed to improve download speeds by four times and upload speeds by six times. Max WiFi also promises four times better coverage and seven times better battery life than the current 802.…

November 03, 2016

(Reuters) – Chipmaker Broadcom said it would buy Brocade Communications Systems for $5.5 billion, pushing deeper into the fast-growing market for network equipment used in data centers. The deal, the latest in a consolidating chip sector, will allow Broadcom to corner a larger share of the data cent…

November 02, 2016

It is the latest deal in the rapidly consolidating semiconductor sector, where companies are seeking greater scale and a larger array of products.

November 02, 2016

Broadcom, Ltd bought Brocade Communications Systems today for $5.9 billion, giving the company a foothold far beyond chips in the networking storage business. It’s quite a nice deal for Brocade shareholders, who gain a 47 percent premium over the $8.69 closing price last Friday night (October 28th)…

November 02, 2016

Broadcom has agreed to buy Brocade Communications for $5.9 billion.
According to a statement on Wednesday, Broadcom, a semiconductor maker, will pay $12.75 per share for the data-storage and networking provider. The deal is valued at $5.5 billion in cash, and $400 million of…