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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
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10-K.Info (Beta Test)
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2019

Consolidated Statements of Operations Consolidated Statements of Operations

Period Ending Nov 3, 2019 10-K (Filed: Dec 20, 2019)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Nov 3, 2019Nov 4, 2018Oct 29, 2017
Net revenue:
Total net revenue
$
22,597
20,84817,636
Cost of revenue:
Cost of products sold6,2086,9246,549
Cost of subscriptions and services5159744
Purchase accounting effect on inventory0704
Amortization of acquisition-related intangible assets3,3143,0042,511
Restructuring charges772019
Total cost of revenue10,11410,1159,127
 
Gross margin12,48310,7338,509
 
Research and development4,6963,7683,302
Selling, general and administrative1,7091,056789
Amortization of acquisition-related intangible assets1,8985411,764
Restructuring, impairment and disposal charges736219161
Litigation Settlement, Expense014122
Total operating expenses9,0395,5986,138
 
Operating income3,4445,1352,371
 
Interest expense(1,444)(628)(454)
Other income, net22614474
Gain (Loss) on Extinguishment of Debt00(166)
Income from continuing operations before income taxes2,2264,5451,825
 
Provision for (benefit from) income taxes(510)(8,084)35
Income from continuing operations2,73612,6291,790
 
Loss from discontinued operations, net of income taxes(12)(19)(6)
Net income2,72412,6101,784
 
Dividends on preferred stock2900
Net income attributable to noncontrolling interest035192
Net income attributable to common stock2,69512,2591,692
 
Impairment on investment0(106)0
Net income per share:
Basic income per share:
Income per share from continuing operations (in dollars per share)6.8029.374.19
Loss per share from discontinued operations (in dollars per share)(0.03)(0.04)(0.01)
Net income per share (in dollars per share)6.7729.334.18
 
Diluted income per share:
Income per share from continuing operations (in dollars per share)6.4628.484.03
Loss per share from discontinued operations (in dollars per share)(0.03)(0.04)(0.01)
Net income per share (in dollars per share)6.4328.444.02
 
Weighted-average shares:
Basic398418405
Diluted419431421
Product and Service
Products
Total net revenue18,11719,75417,033
Subscriptions and services
Total net revenue4,4801,094603
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2019

Consolidated Statements of Comprehensive Income

Period Ending Nov 3, 2019 10-K (Filed: Dec 20, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Nov 3, 2019Nov 4, 2018Oct 29, 2017
Net income
$
2,724
12,6101,784
Other comprehensive income (loss), net of tax:
Change in actuarial loss and prior service costs associated with defined benefit pension plans and post-retirement benefit plans(24)(8)43
Other comprehensive income (loss)(24)(8)43
 
Comprehensive income2,70012,6021,827
 
Comprehensive income attributable to noncontrolling interest035192
Comprehensive income attributable to Broadcom Inc. stockholders2,70012,2511,735
 
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2019

Consolidated Statements of Cash Flows

Period Ending Nov 3, 2019 10-K (Filed: Dec 20, 2019)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Nov 3, 2019Nov 4, 2018Oct 29, 2017
Cash flows from operating activities:
Net income
$
2,724
12,6101,784
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible assets5,2393,5664,286
Depreciation569515451
Stock-based compensation2,1851,227921
Deferred taxes and other non-cash taxes(934)(8,270)(173)
Impairment on investment01060
Non-cash portion of debt extinguishment loss00166
Non-cash restructuring, impairment and disposal charges1332171
Non-cash interest expense902424
Other(125)377
Changes in assets and liabilities, net of acquisitions and disposals:
Trade accounts receivable, net486(652)(267)
Inventory250417(39)
Accounts payable(42)(325)(97)
Employee compensation and benefits(294)6109
Contributions to defined benefit pension plans0(130)(361)
Other current assets and current liabilities(283)369(490)
Other long-term assets and long-term liabilities(301)(641)159
Net cash provided by operating activities9,6978,8806,551
 
Cash flows from investing activities:
Acquisitions of businesses, net of cash acquired(16,033)(4,800)(40)
Proceeds from sales of businesses95777310
Purchases of property, plant and equipment(432)(635)(1,069)
Proceeds from disposals of property, plant and equipment88239441
Purchases of investments(5)(249)(207)
Proceeds from sales and maturities of investments554200
Other(2)(56)(9)
Net cash used in investing activities(15,422)(4,674)(674)
 
Cash flows from financing activities:
Proceeds from long-term borrowings28,793017,426
Repayment of debt(16,800)(973)(13,668)
Other borrowings1,24100
Dividend and distribution payments on common stock and exchangeable limited partnership units(4,235)(2,998)(1,745)
Repurchases of common stock - repurchase program(5,435)(7,258)0
Shares repurchased for tax withholdings on vesting of equity awards(972)(56)0
Issuance of preferred stock, net3,67900
Issuance of common stock253212257
Other(36)(45)(40)
Net cash provided by (used in) financing activities6,488(11,118)2,230
 
Net change in cash and cash equivalents763(6,912)8,107
 
Cash and cash equivalents at beginning of period4,29211,204
Cash and cash equivalents at end of period5,0554,29211,204
 
Supplemental disclosure of cash flow information:
Cash paid for interest1,287547310
Cash paid for income taxes741512349
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2019

Consolidated Balance Sheets

Period Ending Nov 3, 2019 10-K (Filed: Dec 20, 2019)

(In Millions, except shares in actual)
 As ofAs of
 Nov 3, 2019Nov 4, 2018
ASSETS
Current assets:
Cash and cash equivalents
$
5,055
4,292
Trade accounts receivable, net3,2593,325
Inventory8741,124
Other current assets729366
Total current assets9,9179,107
 
Long-term assets:
Property, plant and equipment, net2,5652,635
Goodwill36,71426,913
Intangible assets, net17,55410,762
Other long-term assets743707
Total assets67,49350,124
 
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Accounts payable855811
Employee compensation and benefits641715
Current portion of long-term debt2,7870
Other current liabilities2,616812
Total current liabilities6,8992,338
 
Long-term liabilities:
Long-term debt30,01117,493
Other long-term liabilities5,6133,636
Total liabilities42,52323,467
 
Commitments and contingencies (Note 13)  
Preferred stock dividend obligation290
Stockholders equity:
Preferred stock, $0.001 par value; 100 shares authorized; 8.00% Mandatory Convertible Preferred Stock, Series A, 4 and 0 shares issued and outstanding; aggregate liquidation value of $3,738 and $0 as of November 3, 2019 and November 4, 2018, respectively00
Common Stock, Value, Issued00
Additional Paid in Capital25,08123,285
Retained earnings03,487
Accumulated other comprehensive loss(140)(115)
Total stockholders equity24,94126,657
 
Total liabilities and stockholders equity67,49350,124
 
External Links 
BROADCOM INC. (AVGO) Fiscal Year 2019
Statements of 10-K in Excel https://www.sec.gov/.../Financial.xlxs
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Complete 10-K in XBRL https://www.sec.gov/.../10-K-xbrl.zip