Non-GAAP product gross margin, however, remained flat at 52.2%. In order to streamline its costs and better align its resources as per strategic priorities, Broadcom initiated a global restructuring plan during fourth quarter 2013. This included retrenchment of up to 1,150 employees. Broadcom recorded restructuring costs of $17 million in the fourth quarter of 2013 in accordance with this plan and recorded $5 million in first quarter 2014. Balance Sheet/Cash Flow Broadcom generated $606 million in cash from operations in the reported quarter compared with $388 million in the previous year. The company ended the quarter with cash and cash equivalents of $2,254 million and long-term debt of $1.4 billion. Guidance Concurrent with the earnings release, management provided its guidance for second quarter 2014. Total revenue is expected within $2.0 billion and $2.1 billion. Product gross margin on a GAAP basis is expected to be up 100–200 basis points sequentially in the second quarter of 2014.