BROADCOM CORPORATION

Unaudited GAAP Condensed Consolidated Statements of Operations

(In millions, except per share amounts)

Three Months Ended

Six Months Ended

June 30,

March 31,

June 30,

June 30,

2015

2015

2014

2015

2014

Net revenue

$

2,096

$

2,058

$

2,041

$

4,154

$

4,025

Cost of revenue

939

972

1,005

1,911

2,009

Gross profit

1,157

1,086

1,036

2,243

2,016

Operating expenses:

Research and development

538

539

634

1,077

1,270

Selling, general and administrative

188

177

182

365

367

Amortization of purchased intangible assets

2

1

9

3

18

Impairments of long-lived assets

—

143

165

143

190

Restructuring costs, net

4

7

23

11

28

Settlement costs

1

—

16

1

18

Other charges (gains), net

22

(4)

(7)

18

(59)

Total operating expenses

755

863

1,022

1,618

1,832

Income from operations

402

223

14

625

184

Interest expense, net

(3)

(5)

(5)

(8)

(10)

Other expense, net

(5)

—

(8)

(5)

(5)

Income before income taxes

394

218

1

612

169

Provision for income taxes

8

9

2

17

5

Net income (loss)

$

386

$

209

$

(1)

$

595

$

164

Net income (loss) per share (basic)

$

0.64

$

0.35

$

—

$

0.99

$

0.28

Net income (loss) per share (diluted)

$

0.63

$

0.34

$

—

$

0.97

$

0.28

Weighted average shares (basic)

602

600

587

601

585

Weighted average shares (diluted)

616

613

587

614

593

Dividends per share

$

0.14

$

0.14

$

0.12

$

0.28

$

0.24