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10-Q Filing

BROADCOM INC. CIK: 1730168 Q1 2024
Filing Information
Form Type 10-Q
Accession Number 0001730168-24-000023
Period End Date 20240131
Filing Date 20240314
Fiscal Year 2024
Fiscal Period Q1
XBRL Instance avgo-20240204_htm.xml
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Preferred stock, Par value per share PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, Par value per share PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, Shares authorized PreferredStockSharesAuthorized 100.00M shares Point-in-time
Preferred stock, Shares authorized PreferredStockSharesAuthorized 100.00M shares Point-in-time
Preferred stock, Shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.86B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $14.19B USD Point-in-time
Preferred stock, Shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Trade accounts receivable, net AccountsReceivableNetCurrent $4.97B USD Point-in-time
Preferred stock, Shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Trade accounts receivable, net AccountsReceivableNetCurrent $3.15B USD Point-in-time
Preferred stock, Shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, Par value per share CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, Par value per share CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Inventory InventoryNet $1.92B USD Point-in-time
Inventory InventoryNet $1.90B USD Point-in-time
Other current assets OtherAssetsCurrent $1.61B USD Point-in-time
Common stock, Shares authorized CommonStockSharesAuthorized 2.90B shares Point-in-time
Other current assets OtherAssetsCurrent $8.44B USD Point-in-time
Common stock, Shares authorized CommonStockSharesAuthorized 2.90B shares Point-in-time
Common stock, Shares issued CommonStockSharesIssued 463.00M shares Point-in-time
Common stock, Shares issued CommonStockSharesIssued 414.00M shares Point-in-time
Total current assets AssetsCurrent $20.85B USD Point-in-time
Total current assets AssetsCurrent $27.19B USD Point-in-time
Common stock, Shares outstanding CommonStockSharesOutstanding 463.00M shares Point-in-time
Common stock, Shares outstanding CommonStockSharesOutstanding 414.00M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.15B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $2.66B USD Point-in-time
Goodwill Goodwill $43.65B USD Point-in-time
Goodwill Goodwill $97.59B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $3.87B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $47.19B USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $2.34B USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $3.25B USD Point-in-time
Total assets Assets $177.87B USD Point-in-time
Total assets Assets $72.86B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.50B USD Point-in-time
Accounts payable AccountsPayableCurrent $1.21B USD Point-in-time
Employee compensation and benefits EmployeeRelatedLiabilitiesCurrent $1.13B USD Point-in-time
Employee compensation and benefits EmployeeRelatedLiabilitiesCurrent $935.00M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $2.43B USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $1.61B USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $15.31B USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $3.65B USD Point-in-time
Total current liabilities LiabilitiesCurrent $20.37B USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.41B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $73.47B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $37.62B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $3.85B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $13.75B USD Point-in-time
Total liabilities Liabilities $107.59B USD Point-in-time
Total liabilities Liabilities $48.87B USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.001 par value; 100 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.001 par value; 100 shares authorized; none issued and outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.001 par value; 2,900 shares authorized; 463 and 414 shares issued and outstanding as of February 4, 2024 and October 29, 2023, respectively CommonStockValue - USD Point-in-time
Common stock, $0.001 par value; 2,900 shares authorized; 463 and 414 shares issued and outstanding as of February 4, 2024 and October 29, 2023, respectively CommonStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $21.10B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $70.08B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.68B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit - USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $207.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $207.00M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $23.99B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $23.31B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $22.71B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $70.28B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $177.87B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $72.86B USD Point-in-time
Income Statement 56 line items
Line Item Tag Value Unit Period
Total net revenue RevenueFromContractWithCustomerExcludingAssessedTax $8.91B USD 1 Quarter
Total net revenue RevenueFromContractWithCustomerExcludingAssessedTax $11.96B USD 1 Quarter
Cost of products sold CostofProductsSold $2.23B USD 1 Quarter
Cost of products sold CostofProductsSold $2.16B USD 1 Quarter
Cost of subscriptions and services CostofSubscriptionsandServices $149.00M USD 1 Quarter
Cost of subscriptions and services CostofSubscriptionsandServices $954.00M USD 1 Quarter
Amortization of acquisition-related intangible assets Amortizationofacquisitionrelatedintangibleassetscostofproductssold $1.38B USD 1 Quarter
Amortization of acquisition-related intangible assets Amortizationofacquisitionrelatedintangibleassetscostofproductssold $535.00M USD 1 Quarter
Restructuring charges RestructuringChargesCostOfProductsSold $2.00M USD 1 Quarter
Restructuring charges RestructuringChargesCostOfProductsSold $92.00M USD 1 Quarter
Total cost of revenue CostOfRevenue $2.91B USD 1 Quarter
Total cost of revenue CostOfRevenue $4.59B USD 1 Quarter
Gross margin GrossProfit $6.00B USD 1 Quarter
Gross margin GrossProfit $7.38B USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $2.31B USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $1.20B USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $348.00M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $1.57B USD 1 Quarter
Amortization of acquisition-related intangible assets Amortizationofacquisitionrelatedintangibleassetsoperatingexpenses $348.00M USD 1 Quarter
Amortization of acquisition-related intangible assets Amortizationofacquisitionrelatedintangibleassetsoperatingexpenses $792.00M USD 1 Quarter
Restructuring and other charges RestructuringSettlementAndImpairmentProvisions $620.00M USD 1 Quarter
Restructuring and other charges RestructuringSettlementAndImpairmentProvisions $10.00M USD 1 Quarter
Total operating expenses OperatingExpenses $5.29B USD 1 Quarter
Total operating expenses OperatingExpenses $1.90B USD 1 Quarter
Operating income OperatingIncomeLoss $2.08B USD 1 Quarter
Operating income OperatingIncomeLoss $4.10B USD 1 Quarter
Interest expense InterestExpense $406.00M USD 1 Quarter
Interest expense InterestExpense $926.00M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $143.00M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $185.00M USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.34B USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $3.84B USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $68.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $66.00M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $1.27B USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $3.77B USD 1 Quarter
Income from discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTax $51.00M USD 1 Quarter
Income from discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTax - USD 1 Quarter
Net income ProfitLoss $1.32B USD 1 Quarter
Net income ProfitLoss $3.77B USD 1 Quarter
Income per share from continuing operations IncomeLossFromContinuingOperationsPerBasicShare $9.03 USD 1 Quarter
Income per share from continuing operations IncomeLossFromContinuingOperationsPerBasicShare $2.82 USD 1 Quarter
Income per share from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Income per share from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.11 USD 1 Quarter
Net income per share EarningsPerShareBasic $2.93 USD 1 Quarter
Net income per share EarningsPerShareBasic $9.03 USD 1 Quarter
Income per share from continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $2.73 USD 1 Quarter
Income per share from continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $8.80 USD 1 Quarter
Income per share from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Income per share from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.11 USD 1 Quarter
Net income per share EarningsPerShareDiluted $8.80 USD 1 Quarter
Net income per share EarningsPerShareDiluted $2.84 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 418.00M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 452.00M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 429.00M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 467.00M shares 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.32B USD 1 Quarter
Net income ProfitLoss $3.77B USD 1 Quarter
Amortization of intangible and right-of-use assets Amortizationofintangibleandrightofuseassets $905.00M USD 1 Quarter
Amortization of intangible and right-of-use assets Amortizationofintangibleandrightofuseassets $2.21B USD 1 Quarter
Depreciation Depreciation $139.00M USD 1 Quarter
Depreciation Depreciation $127.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.58B USD 1 Quarter
Stock-based compensation ShareBasedCompensation $391.00M USD 1 Quarter
Deferred taxes and other non-cash taxes DeferredIncomeTaxesandOtherNoncashTaxExpense $-294.00M USD 1 Quarter
Deferred taxes and other non-cash taxes DeferredIncomeTaxesandOtherNoncashTaxExpense $-573.00M USD 1 Quarter
Non-cash interest expense AmortizationOfFinancingCostsAndDiscounts $102.00M USD 1 Quarter
Non-cash interest expense AmortizationOfFinancingCostsAndDiscounts $32.00M USD 1 Quarter
Other OtherNoncashIncomeExpense $39.00M USD 1 Quarter
Other OtherNoncashIncomeExpense $-38.00M USD 1 Quarter
Trade accounts receivable, net IncreaseDecreaseInAccountsReceivable $276.00M USD 1 Quarter
Trade accounts receivable, net IncreaseDecreaseInAccountsReceivable $-1.76B USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-26.00M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $14.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-74.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-80.00M USD 1 Quarter
Employee compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-657.00M USD 1 Quarter
Employee compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-660.00M USD 1 Quarter
Other current assets and current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $2.18B USD 1 Quarter
Other current assets and current liabilities IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet $-570.00M USD 1 Quarter
Other long-term assets and long-term liabilities IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $-891.00M USD 1 Quarter
Other long-term assets and long-term liabilities IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $164.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $4.82B USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $4.04B USD 1 Quarter
Acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $25.42B USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $122.00M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $103.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $13.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments - USD 1 Quarter
Sales of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments - USD 1 Quarter
Sales of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $89.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $15.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-25.48B USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-103.00M USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Proceeds from long-term borrowings ProceedsFromIssuanceOfLongTermDebt $30.01B USD 1 Quarter
Payments on debt obligations RepaymentsOfDebt $934.00M USD 1 Quarter
Payments on debt obligations RepaymentsOfDebt $260.00M USD 1 Quarter
Payments of dividends PaymentsOfDividends $2.44B USD 1 Quarter
Payments of dividends PaymentsOfDividends $1.93B USD 1 Quarter
Repurchases of common stock - repurchase program PaymentsForRepurchaseOfCommonStock $7.18B USD 1 Quarter
Repurchases of common stock - repurchase program PaymentsForRepurchaseOfCommonStock $1.19B USD 1 Quarter
Shares repurchased for tax withholdings on vesting of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $333.00M USD 1 Quarter
Shares repurchased for tax withholdings on vesting of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.11B USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $5.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-14.00M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-3.70B USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $18.34B USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-2.33B USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $231.00M USD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $12.65B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $12.42B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $14.19B USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $11.86B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $12.65B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $12.42B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $14.19B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $11.86B USD Point-in-time
Stockholders Equity 26 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $23.99B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $23.31B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $22.71B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $70.28B USD Point-in-time
Net income ProfitLoss $1.32B USD 1 Quarter
Net income ProfitLoss $3.77B USD 1 Quarter
Issuance of common stock upon the acquisition, Value StockIssuedDuringPeriodValueAcquisitions $53.42B USD 1 Quarter
Fair value of partially vested equity awards assumed in connection with the acquisition BusinessCombinationFairValueofPartiallyVestedEquityAwards $749.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-126.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
Dividends to common stockholders DividendsCommonStockCash $1.93B USD 1 Quarter
Dividends to common stockholders DividendsCommonStockCash $2.44B USD 1 Quarter
Common stock issued, Value StockIssuedDuringPeriodValueShareBasedCompensation - USD 1 Quarter
Common stock issued, Value StockIssuedDuringPeriodValueShareBasedCompensation - USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $391.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.58B USD 1 Quarter
Repurchases of common stock, Shares StockRepurchasedAndRetiredDuringPeriodShares 7.00M shares 1 Quarter
Repurchases of common stock, Shares StockRepurchasedAndRetiredDuringPeriodShares 2.00M shares 1 Quarter
Repurchases of common stock, Value StockRepurchasedAndRetiredDuringPeriodValue $7.23B USD 1 Quarter
Repurchases of common stock, Value StockRepurchasedAndRetiredDuringPeriodValue $1.19B USD 1 Quarter
Shares repurchased for tax withholdings upon vesting of equity awards, Value AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $1.12B USD 1 Quarter
Shares repurchased for tax withholdings upon vesting of equity awards, Value AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $324.00M USD 1 Quarter
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $23.99B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $23.31B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $22.71B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $70.28B USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $1.32B USD 1 Quarter
Net income ProfitLoss $3.77B USD 1 Quarter
Change in unrealized gain on derivative instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax - USD 1 Quarter
Change in unrealized gain on derivative instruments OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-126.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-126.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $3.65B USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.32B USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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