10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||
| |||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BROADCOM INC. | |||
Ticker: AVGO Fiscal Year: 2018 | |||
Consolidated Statements of Operations Consolidated Statements of Operations | |||
Period Ending Nov 4, 2018 10-K (Filed: Dec 21, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | |
| Net revenue | $ 20,848 | 17,636 | 13,240 |
| Cost of products sold | 7,021 | 6,593 | 5,295 |
| Purchase accounting effect on inventory | 70 | 4 | 1,185 |
| Amortization of acquisition-related intangible assets - cost of products sold | 3,004 | 2,511 | 763 |
| Restructuring charges | 20 | 19 | 57 |
| Total cost of products sold | 10,115 | 9,127 | 7,300 |
| Gross margin | 10,733 | 8,509 | 5,940 |
| Research and development | 3,768 | 3,292 | 2,674 |
| Selling, general and administrative | 1,056 | 787 | 806 |
| Amortization of acquisition-related intangible assets - operating expenses | 541 | 1,764 | 1,873 |
| Restructuring, impairment and disposal charges | 219 | 161 | 996 |
| Litigation settlements | 14 | 122 | 0 |
| Total operating expenses | 5,598 | 6,126 | 6,349 |
| Operating income (loss) | 5,135 | 2,383 | (409) |
| Interest expense | (628) | (454) | (585) |
| Impairment on investment | (106) | 0 | 0 |
| Loss on extinguishment of debt | 0 | (166) | (123) |
| Other income, net | 144 | 62 | 10 |
| Income (loss) from continuing operations before income taxes | 4,545 | 1,825 | (1,107) |
| Provision for (benefit from) income taxes | (8,084) | 35 | 642 |
| Income (loss) from continuing operations | 12,629 | 1,790 | (1,749) |
| Loss from discontinued operations, net of income taxes | (19) | (6) | (112) |
| Net income (loss) | 12,610 | 1,784 | (1,861) |
| Net income (loss) attributable to noncontrolling interest | 351 | 92 | (122) |
| Net income (loss) attributable to common stock | 12,259 | 1,692 | (1,739) |
| Net income per share: | |||
| Basic income per share: | |||
| Income (loss) per share from continuing operations (in dollars per share) | 29.37 | 4.19 | (4.46) |
| Income (loss) per share from discontinued operations (in dollars per share) | (0.04) | (0.01) | (0.29) |
| Net income (loss) per share (in dollars per share) | 29.33 | 4.18 | (4.75) |
| Diluted income per share: | |||
| Income (loss) per share from continuing operations (in dollars per share) | 28.48 | 4.03 | (4.57) |
| Loss per share from discontinued operations, net of income taxes (in dollars per share) | (0.04) | (0.01) | (0.29) |
| Net income (loss) per share (in dollars per share) | 28.44 | 4.02 | (4.86) |
| Weighted-average shares: | |||
| Basic | 418 | 405 | 366 |
| Diluted | 431 | 421 | 383 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BROADCOM INC. | |||
Ticker: AVGO Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Nov 4, 2018 10-K (Filed: Dec 21, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | |
| Net Income (Loss) | $ 12,610 | 1,784 | (1,861) |
| Change in actuarial gain (loss) and prior service costs associated with defined benefit pension plans and post-retirement benefit plans | (8) | 43 | (61) |
| Other comprehensive income (loss) | (8) | 43 | (61) |
| Comprehensive income (loss) | 12,602 | 1,827 | (1,922) |
| Comprehensive income (loss) attributable to noncontrolling interest | 351 | 92 | (122) |
| Comprehensive income (loss) attributable to common stock | 12,251 | 1,735 | (1,800) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BROADCOM INC. | |||
Ticker: AVGO Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Nov 4, 2018 10-K (Filed: Dec 21, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 4, 2018 | Oct 29, 2017 | Oct 30, 2016 | |
| Cash flows from operating activities: | |||
| Net Income (Loss) | $ 12,610 | 1,784 | (1,861) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Amortization of intangible assets | 3,566 | 4,286 | 2,640 |
| Depreciation | 515 | 451 | 402 |
| Stock-based compensation | 1,227 | 921 | 679 |
| Excess tax benefits from stock-based compensation | 0 | 0 | (89) |
| Deferred income taxes and other noncash taxes | (8,270) | (173) | 365 |
| Impairment on investment | 106 | 0 | 0 |
| Non-cash portion of debt extinguishment gain loss | 0 | 166 | 100 |
| Non-cash restructuring, impairment and disposal charges | 21 | 71 | 662 |
| Amortization of debt issuance costs and accretion of debt discount | 24 | 24 | 36 |
| Other | 37 | 7 | (6) |
| Changes in assets and liabilities, net of acquisitions and disposals: | |||
| Trade accounts receivable, net | (652) | (267) | (491) |
| Inventory | 417 | (39) | 996 |
| Accounts payable | (325) | (97) | 33 |
| Employee compensation and benefits | 6 | 109 | 163 |
| Contributions to defined benefit pension plans | (130) | (361) | (33) |
| Other current assets and current liabilities | 369 | (490) | (98) |
| Other long-term assets and long-term liabilities | (641) | 159 | (87) |
| Net cash provided by operating activities | 8,880 | 6,551 | 3,411 |
| Cash flows from investing activities: | |||
| Acquisitions of businesses, net of cash acquired | (4,800) | (40) | (10,055) |
| Proceeds from sales of businesses | 773 | 10 | 898 |
| Purchases of property, plant and equipment | (635) | (1,069) | (723) |
| Proceeds from disposals of property, plant and equipment | 239 | 441 | 5 |
| Purchases of investments | (249) | (207) | (58) |
| Proceeds from sales and maturities of investments | 54 | 200 | 104 |
| Other | (56) | (9) | (11) |
| Net cash used in investing activities | (4,674) | (674) | (9,840) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of long-term debt | 0 | 17,426 | 19,510 |
| Repayment of debt | (973) | (13,668) | (11,317) |
| Payment of debt issuance costs | 0 | (24) | (123) |
| Dividend and distribution payments | (2,998) | (1,745) | (750) |
| Repurchase of common stock | (7,258) | 0 | 0 |
| Issuance of common stock, net of shares withheld for employee taxes | 156 | 257 | 295 |
| Excess tax benefits from stock-based compensation | 0 | 0 | 89 |
| Payment of capital lease obligations | (21) | (16) | 0 |
| Other | (24) | 0 | 0 |
| Net cash provided by (used in) financing activities | (11,118) | 2,230 | 7,704 |
| Net change in cash and cash equivalents | (6,912) | 8,107 | 1,275 |
| Cash and cash equivalents at beginning of period | 11,204 | 3,097 | |
| Cash and cash equivalents at end of period | 4,292 | 11,204 | 3,097 |
| Cash paid for interest | 547 | 310 | 448 |
| Cash paid for income taxes | 512 | 349 | 242 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
BROADCOM INC. | ||
Ticker: AVGO Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Nov 4, 2018 10-K (Filed: Dec 21, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Nov 4, 2018 | Oct 29, 2017 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 4,292 | 11,204 |
| Trade accounts receivable, net | 3,325 | 2,448 |
| Inventory | 1,124 | 1,447 |
| Other current assets | 366 | 724 |
| Total current assets | 9,107 | 15,823 |
| Long-term assets: | ||
| Property, plant and equipment, net | 2,635 | 2,599 |
| Goodwill | 26,913 | 24,706 |
| Intangible assets, net | 10,762 | 10,832 |
| Other long-term assets | 707 | 458 |
| Total assets | 50,124 | 54,418 |
| LIABILITIES AND SHAREHOLDERS EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 811 | 1,105 |
| Employee compensation and benefits | 715 | 626 |
| Current portion of long-term debt | 0 | 117 |
| Other current liabilities | 812 | 681 |
| Total current liabilities | 2,338 | 2,529 |
| Long-term liabilities: | ||
| Long-term debt | 17,493 | 17,431 |
| Other long-term liabilities | 3,636 | 11,272 |
| Total Liabilities | 23,467 | 31,232 |
| Commitments and contingencies (Note 13) | ||
| Preferred stock, $0.001 par value; 100 shares authorized; none and 22 shares issued and outstanding as of November 4, 2018 and October 29, 2017, respectively | 0 | 0 |
| Common stock and additional paid-in capital, $0.001 par value; 2,900 shares authorized; 408 and 409 shares issued and outstanding as of November 4, 2018 and October 29, 2017, respectively | 23,285 | 20,505 |
| Retained earnings (accumulated deficit) | 3,487 | (129) |
| Accumulated other comprehensive loss | (115) | (91) |
| Total Broadcom Inc. stockholders equity | 26,657 | 20,285 |
| Noncontrolling interest | 0 | 2,901 |
| Total equity | 26,657 | 23,186 |
| Total liabilities and equity | 50,124 | 54,418 |
| External Links | |
| BROADCOM INC. (AVGO) Fiscal Year 2018 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |