Broadcom Corporation – Company Information
|Headquarters||5300 California Avenue Irvine, California 92617-3038, USA|
|CEO and President||Scott A. McGregor|
|CFO||Eric K. Brandt|
|Founders||Henry Samueli and Henry T. Nicholas III|
|NASDAQ stock symbol||BRCM|
|Revenue||$8.428 billion (2014)|
|Net income||$652 million (2014)|
|Earnings per share||$1.08 USD (2014)|
|Corporate contact number:||(949) 926-5000|
Broadcom Corporation is an American company that focuses on semiconductor solutions for wired and wireless communications.
The company is based in Irvine, California, with a team of 10,650 full-time employees.
It provides a range of solutions, from broadband technology to cloud infrastructure to mobile, wireless and wearables to home networking.
Broadcom estimates that around 99.98% of Internet traffic crosses at least one Broadcom chip.
It was founded in 1991 by Henry Samueli and Henry T. Nicholas III – both from the University of California, Los Angeles (UCLA).
The company went public on the NASDAQ stock exchange in April 1998 – under the stock ticker symbol ‘BRCM’.
Broadcom Corporation is now one of the largest volume fabless semiconductor suppliers in the world, with over 21,350 U.S. and foreign patents and applications.
It develops its products in design centers and then works with independent chip-making facilities to manufacture around two billion chips annually.
Its customers include prominent technology brands, such as: Dell, Apple, DirectTV, Samsung, Cisco, Huawei, ZTE, and others.
|Income statement data (in $ millions)||2014*||2013*|
|Cost of revenue||$4,098||$4,088|
|Research and development||$2,373||$2,486|
|Selling, general and administrative||$716||$706|
|Amortization of purchased intangible assets||$29||$57|
|Impairments of long-lived assets||$404||$511|
|Restructuring costs, net||$158||$29|
|– Total operating expenses||$3,636||$3,745|
|Income from operations||$694||$472|
|Income before income taxes||$667||$445|
|Provision for (benefit of) income taxes||$15||$21|
|Balance sheet data (in $ millions)|
|Long term debt||$1,593||$1,394|
|Total shareholders’ equity||$9,051||$8,371|
|Common share data (in $)|
|Earnings per Common Share – Basic||$1.11||$0.74|
|Earnings per Common Share – Diluted||$1.08||$0.73|
|Cash flow data (in $ millions)|
|Net cash provided by operating activities||$1,925||$1,785|
|Net cash used in investing activities||$(914)||$(996)|
|Net cash provided by (used in) financing activities||$(123)||$(749)|
|Cash and cash equivalents at beginning of year||$1,657||$1,617|
|Cash and cash equivalents at end of year||$2,545||$1,657|
*Years Ended December 31