Broadcom Corporation – Company Information

Company Broadcom Corporation
Headquarters 5300 California Avenue Irvine, California 92617-3038, USA
CEO and President Scott A. McGregor
CFO Eric K. Brandt
Industry Semiconductors/Electronics
Founders Henry Samueli and Henry T. Nicholas III
Founded 1991
Type Public
NASDAQ stock symbol BRCM
Revenue $8.428 billion (2014)
Net income $652 million (2014)
Earnings per share $1.08 USD (2014)
Employees 10,650 (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*
Net revenue $8,428 $8,305
Cost of revenue $4,098 $4,088
Gross profit $4,330 $4,217
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
Net income $652 $424
Comprehensive income $560 $460
Balance sheet data (in $ millions)
Total assets $12,471 $11,495
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

Source: “Broadcom Corporation Form 10-K 2014”