Broadcom Inc. (AVGO) Financial Statements (2024 and earlier)

Company Profile

Business Address 3421 HILLVIEW AVENUE
PALO ALTO, CA 94304
State of Incorp.
Fiscal Year End October 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

10/31/2023
1/31/2023
MRQ
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,64712,41612,1637,6185,0554,292
Cash and cash equivalents12,64712,41612,1637,6185,0554,292
Receivables3,2342,9582,0712,2973,2593,325
Inventory, net of allowances, customer advances and progress billings1,8991,9251,2971,0038741,124
Inventory1,8991,9251,2971,0038741,124
Other current assets1,0561,2051,055977729366
Total current assets:18,83618,50416,58611,8959,9179,107
Noncurrent Assets
Property, plant and equipment2,2012,2232,3482,5092,5652,635
Intangible assets, net (including goodwill)49,83950,72554,82460,22954,26837,675
Goodwill43,61443,61443,45043,44736,71426,913
Intangible assets, net (excluding goodwill)6,2257,11111,37416,78217,55410,762
Other noncurrent assets2,1001,7971,8121,300743707
Total noncurrent assets:54,14054,74558,98464,03857,57641,017
TOTAL ASSETS:72,97673,24975,57075,93367,49350,124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4593,4022,1521,7131,4961,526
Employee-related liabilities1,2021,066877641715
Accounts payable9239981,086836855811
Accrued liabilities5361,202    
Debt1,1154402908272,787 
Other liabilities4,9094,4123,8393,8312,616812
Other undisclosed current liabilities  (1,202)    
Total current liabilities:7,4837,0526,2816,3716,8992,338
Noncurrent Liabilities
Long-term debt and lease obligation, including:38,16739,07539,44040,23530,01117,493
Long-term debt, excluding current maturities   39,44040,23530,01117,493
Finance lease, liability1722   
Other undisclosed long-term debt and lease obligation38,15038,664    
Liabilities, other than long-term debt4,0164,4134,8605,4265,6133,636
Other liabilities4,0164,4134,8605,4265,6133,636
Operating lease, liability  389   
Total noncurrent liabilities:42,18343,48844,30045,66135,62421,129
Total liabilities:49,66650,54050,58152,03242,52323,467
Equity
Equity, attributable to parent, including:23,31022,70924,96223,87424,94126,657
Additional paid in capital21,11921,15924,33023,98225,081 
Accumulated other comprehensive income (loss)(180)(54)(116)(108)(140)(115)
Retained earnings2,3711,604748  3,487
Other undisclosed equity, attributable to parent      23,285
Total equity:23,31022,70924,96223,87424,94126,657
Other undisclosed liabilities and equity   272729 
TOTAL LIABILITIES AND EQUITY:72,97673,24975,57075,93367,49350,124

Income Statement (P&L) ($ in millions)

10/31/2023
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Revenues34,41233,20327,45023,88822,59720,848
Cost of revenue(11,362)(11,108)(10,606)(10,372)(10,114)(10,115)
Cost of goods and services sold      (10,115)
Gross profit:23,05022,09516,84413,51612,48310,733
Operating expenses(7,830)(7,870)(8,325)(9,502)(9,039)(5,598)
Operating income:15,22014,2258,5194,0143,4445,135
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
103(54)131206226144
Interest and debt expense(1,736)(1,737)(1,885)(1,946)(1,444)(628)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    169 (106)
Income from continuing operations before income taxes:13,58712,4346,7652,4432,2264,545
Income tax expense (benefit)(790)(939)(29)5185108,084
Income from continuing operations:12,79711,4956,7362,9612,73612,629
Income before gain (loss) on sale of properties:9,02311,4956,7362,9602,72412,610
Loss from discontinued operations    (1)(12)(19)
Net income:12,79711,4956,7362,9602,72412,610
Net loss attributable to noncontrolling interest      (351)
Net income attributable to parent:12,79711,4956,7362,9602,72412,259
Preferred stock dividends and other adjustments (198)(272)(299)(297)(29) 
Net income available to common stockholders, basic:12,59911,2236,4372,6632,69512,259
Other undisclosed net loss available to common stockholders, diluted (149)     
Net income available to common stockholders, diluted:12,45011,2236,4372,6632,69512,259

Comprehensive Income ($ in millions)

10/31/2023
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Net income:12,79711,4956,7362,9602,72412,610
Other comprehensive income (loss)(65)62(8)24(24)(8)
Comprehensive income:12,73211,5576,7282,9842,70012,602
Comprehensive loss, net of tax, attributable to noncontrolling interest      (351)
Comprehensive income, net of tax, attributable to parent:12,73211,5576,7282,9842,70012,251

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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