Avago Technologies Limited Announces Fourth Quarter and Fiscal

Avago Technologies Limited Announces Fourth Quarter and Fiscal Year 2015 Financial Results

AVAGO TECHNOLOGIES LIMITED
CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED
(IN MILLIONS)

	November 1,			November 2,
		2015		2014 ⁽¹⁾

ASSETS

Current assets:
Cash and cash equivalents	$	1,822		$	1,604
Trade accounts receivable, net		1,019			782
Inventory		524			519
Assets held-for-sale		22			628
Other current assets		388			302
Total current assets		3,775			3,835
Property, plant and equipment, net		1,460			1,158
Goodwill		1,674			1,596
Intangible assets, net		3,277			3,617
Other long-term assets		406			285
Total assets	$	10,592		$	10,491

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable	$	617		$	515
Employee compensation and benefits		250			219
Other current liabilities		206			236
Current portion of long-term debt		46			46
Total current liabilities		1,119			1,016

Long-term liabilities:
Long-term debt		3,903			4,543
Convertible notes payable to related party - non-current		-			920
Pension and post-retirement benefit obligations		475			506
Other long-term liabilities		381			263
Total liabilities		5,878			7,248

Shareholders' equity:
Ordinary shares, no par value		2,547			2,009
Retained earnings		2,240			1,284
Accumulated other comprehensive loss		(73	)		(50	)
Total shareholders' equity		4,714			3,243
Total liabilities and shareholders' equity	$	10,592		$	10,491

(1) Amounts as of November 2, 2014 have been derived from audited financial statements as of that date.

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