Broadcom Limited Announces First Quarter Fiscal Year 2016 Financial Results
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BROADCOM LIMITED | |
CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED | |
(IN MILLIONS) | | | | | | | | | | | | | | | | | |
January 31, | |
November 1, | | | | | |
2016 | | |
2015
(1) | | | | | | | | | |
ASSETS | | | | | | | | | | | | | | Current assets: | | | | | | | Cash and cash equivalents | | $ | 2,169 | | | $ | 1,822 | | | | Trade accounts receivable, net | | | 1,060 | | | | 1,019 | | | | Inventory | | | 490 | | | | 524 | | | | Assets held-for-sale | | | 4 | | | | 22 | | | | Other current assets | | | 248 | | | | 388 | | | | Total current assets | | | 3,971 | | | | 3,775 | | | | Property, plant and equipment, net | | | 1,505 | | | | 1,460 | | | | Goodwill | | | 1,685 | | | | 1,674 | | | | Intangible assets, net | | | 3,089 | | | | 3,277 | | | | Other long-term assets | | | 527 | | | | 406 | | | | Total assets | | $ | 10,777 | | | $ | 10,592 | | | | | | | | | | | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | | | | | | Current liabilities: | | | | | | | Accounts payable | | $ | 523 | | | $ | 617 | | | | Employee compensation and benefits | | | 101 | | | | 250 | | | | Current portion of long-term debt | | | 46 | | | | 46 | | | | Other current liabilities | | | 192 | | | | 206 | | | | Total current liabilities | | | 862 | | | | 1,119 | | | | | | | | | | | Long-term liabilities: | | | | | | | Long-term debt | | | 3,892 | | | | 3,903 | | | | Pension and post-retirement benefit obligations | | | 469 | | | | 475 | | | | Other long-term liabilities | | | 433 | | | | 381 | | | | Total liabilities | | | 5,656 | | | | 5,878 | | | | | | | | | | | Shareholders' equity: | | | | | | | Ordinary shares, no par value | | | 2,699 | | | | 2,547 | | | | Retained earnings | | | 2,495 | | | | 2,240 | | | | Accumulated other comprehensive loss | | | (73 | ) | | | (73 | ) | | | Total shareholders' equity | | | 5,121 | | | | 4,714 | | | | Total liabilities and shareholders' equity | | $ | 10,777 | | | $ | 10,592 | | | | | | | | | | | (1) Amounts as of November 1, 2015 have been derived from audited financial statements as of that date. | | | | | | | | | | | | |
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