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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
2018 2019 2020 2021 2022
10-K.Info (Beta Test)
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2020

Consolidated Statements of Operations

Period Ending Nov 1, 2020 10-K (Filed: Dec 18, 2020)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Nov 1, 2020Nov 3, 2019Nov 4, 2018
Total net revenue
$
23,888
22,59720,848
Cost of revenue:
Cost of products sold5,8926,2086,924
Cost of subscriptions and services62651597
Purchase accounting effect on inventory0070
Amortization of acquisition-related intangible assets3,8193,3143,004
Restructuring charges357720
Total cost of revenue10,37210,11410,115
 
Gross margin13,51612,48310,733
 
Research and development4,9684,6963,768
Selling, general and administrative1,9351,7091,056
Amortization of acquisition-related intangible assets2,4011,898541
Restructuring, impairment and disposal charges198736219
Litigation Settlement, Expense0014
Total operating expenses9,5029,0395,598
 
Operating income4,0143,4445,135
 
Interest expense(1,777)(1,444)(628)
Impairment on investment00(106)
Other income, net206226144
Income from continuing operations before income taxes2,4432,2264,545
 
Provision for (benefit from) income taxes(518)(510)(8,084)
Income from continuing operations2,9612,73612,629
 
Loss from discontinued operations, net of income taxes(1)(12)(19)
Net income2,9602,72412,610
 
Dividends on preferred stock(297)(29)0
Net income attributable to noncontrolling interest00(351)
Net income attributable to common stock2,6632,69512,259
 
Net income per share:
Basic income per share:
Income per share from continuing operations (in dollars per share)6.626.8029.37
Loss per share from discontinued operations (in dollars per share)0.00(0.03)(0.04)
Net income per share (in dollars per share)6.626.7729.33
 
Diluted income per share:
Income per share from continuing operations (in dollars per share)6.336.4628.48
Loss per share from discontinued operations (in dollars per share)0.00(0.03)(0.04)
Net income per share (in dollars per share)6.336.4328.44
 
Weighted-average shares:
Basic402398418
Diluted421419431
Product and Service
Products
Total net revenue17,43518,11719,754
Subscriptions and services
Total net revenue6,4534,4801,094
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2020

Consolidated Statements of Comprehensive Income

Period Ending Nov 1, 2020 10-K (Filed: Dec 18, 2020)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Nov 1, 2020Nov 3, 2019Nov 4, 2018
Net income
$
2,960
2,72412,610
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 plans24(24)(8)
Other comprehensive income (loss), net of tax24(24)(8)
 
Comprehensive income2,9842,70012,602
 
Comprehensive income attributable to noncontrolling interest00351
Comprehensive income attributable to Broadcom Inc. stockholders2,9842,70012,251
 
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2020

Consolidated Statements of Cash Flows

Period Ending Nov 1, 2020 10-K (Filed: Dec 18, 2020)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Nov 1, 2020Nov 3, 2019Nov 4, 2018
Cash flows from operating activities:
Net income
$
2,960
2,72412,610
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible and right-of-use assets6,3355,2393,566
Depreciation570569515
Stock-based compensation1,9762,1851,227
Deferred taxes and other non-cash taxes(1,142)(934)(8,270)
Impairment on investment00106
Loss on extinguishment of debt169280
Non-cash restructuring, impairment and disposal charges4413321
Non-cash interest expense1086924
Other(52)(132)37
Changes in assets and liabilities, net of acquisitions and disposals:
Trade accounts receivable, net981486(652)
Inventory(31)250417
Accounts payable(3)(42)(325)
Employee compensation and benefits217(294)6
Contributions to defined benefit pension plans00(130)
Other current assets and current liabilities331(283)369
Other long-term assets and long-term liabilities(402)(301)(641)
Net cash provided by operating activities12,0619,6978,880
 
Cash flows from investing activities:
Acquisitions of businesses, net of cash acquired(10,872)(16,033)(4,800)
Proceeds from sales of businesses218957773
Purchases of property, plant and equipment(463)(432)(635)
Proceeds from disposals of property, plant and equipment1288239
Purchases of investments0(5)(249)
Other(4)3(2)
Net cash used in investing activities(11,109)(15,422)(4,674)
 
Cash flows from financing activities:
Proceeds from long-term borrowings27,80228,7930
Repayment of debt(18,814)(16,800)(973)
Other borrowings, net(1,285)1,2410
Payment of dividends and distributions(5,534)(4,235)(2,998)
Repurchases of common stock - repurchase program0(5,435)(7,258)
Shares repurchased for tax withholdings on vesting of equity awards(765)(972)(56)
Issuance of preferred stock, net03,6790
Issuance of common stock276253212
Other(69)(36)(45)
Net cash provided by (used in) financing activities1,6116,488(11,118)
 
Net change in cash and cash equivalents2,563763(6,912)
 
Cash and cash equivalents at beginning of period5,0554,292
Cash and cash equivalents at end of period7,6185,0554,292
 
Supplemental disclosure of cash flow information:
Cash paid for interest1,4081,287547
Cash paid for income taxes501741512
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2020

Consolidated Balance Sheets

Period Ending Nov 1, 2020 10-K (Filed: Dec 18, 2020)

(In Millions, except shares in actual)
 As ofAs of
 Nov 1, 2020Nov 3, 2019
ASSETS
Current assets:
Cash and cash equivalents
$
7,618
5,055
Trade accounts receivable, net2,2973,259
Inventory1,003874
Other current assets977729
Total current assets11,8959,917
 
Long-term assets:
Property, plant and equipment, net2,5092,565
Goodwill43,44736,714
Intangible assets, net16,78217,554
Other long-term assets1,300743
Total assets75,93367,493
 
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Accounts payable836855
Employee compensation and benefits877641
Current portion of long-term debt8272,787
Other current liabilities3,8312,616
Total current liabilities6,3716,899
 
Long-term liabilities:
Long-term debt40,23530,011
Other long-term liabilities5,4265,613
Total liabilities52,03242,523
 
Commitments and contingencies (Note 14)  
Preferred stock dividend obligation2729
Stockholders equity:
Preferred stock, $0.001 par value; 100 shares authorized; 8.00% Mandatory Convertible Preferred Stock, Series A, 4 shares issued and outstanding; aggregate liquidation value of $3,738 as of November 1, 2020 and November 3, 201900
Common stock, $0.001 par value; 2,900 shares authorized; 407 and 398 shares issued and outstanding as of November 1, 2020 and November 3, 2019, respectively00
Additional paid-in capital23,98225,081
Retained earnings00
Accumulated other comprehensive loss(108)(140)
Total stockholders equity23,87424,941
 
Total liabilities and stockholders equity75,93367,493
 
External Links 
BROADCOM INC. (AVGO) Fiscal Year 2020
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