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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
2018 2019 2020 2021 2022
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2022

Consolidated Statements of Operations

Period Ending Oct 30, 2022 10-K (Filed: Dec 16, 2022)

(In Millions)
 12 Months Ended12 Months Ended12 Months Ended
 Oct 30, 2022Oct 31, 2021Nov 1, 2020
Total net revenue
$
33,203
27,45023,888
Cost of revenue:
Cost of products sold7,6296,5555,892
Cost of subscriptions and services627607626
Amortization of acquisition-related intangible assets2,8473,4273,819
Restructuring charges51735
Total cost of revenue11,10810,60610,372
 
Gross margin22,09516,84413,516
 
Research and development4,9194,8544,968
Selling, general and administrative1,3821,3471,935
Amortization of acquisition-related intangible assets1,5121,9762,401
Restructuring, impairment and disposal charges57148198
Total operating expenses7,8708,3259,502
 
Operating income14,2258,5194,014
 
Interest expense(1,737)(1,885)(1,777)
Other income (expense), net(54)131206
Income from continuing operations before income taxes12,4346,7652,443
 
Provision for (benefit from) income taxes93929(518)
Income from continuing operations11,4956,7362,961
 
Loss from discontinued operations, net of income taxes00(1)
Net income11,4956,7362,960
 
Dividends on preferred stock(272)(299)(297)
Net income attributable to common stock11,2236,4372,663
 
Net income per share:
Net income per share:
Basic net income per share (in dollars per share)27.4415.706.62
Diluted income per share:
Diluted net income per share (in dollars per share)26.5315.006.33
Weighted-average shares:
Basic409410402
Diluted423429421
Product and Service
Products
Total net revenue26,27720,88617,435
Subscriptions and services
Total net revenue6,9266,5646,453
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2022

Consolidated Statements of Comprehensive Income

Period Ending Oct 30, 2022 10-K (Filed: Dec 16, 2022)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Oct 30, 2022Oct 31, 2021Nov 1, 2020
Net income
$
11,495
6,7362,960
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax3700
Other comprehensive income (loss), net of tax:
Change in actuarial loss and prior service costs associated with defined benefit plans25(8)24
Other comprehensive income (loss), net of tax62(8)24
 
Comprehensive income11,5576,7282,984
 
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2022

Consolidated Statements of Cash Flows

Period Ending Oct 30, 2022 10-K (Filed: Dec 16, 2022)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Oct 30, 2022Oct 31, 2021Nov 1, 2020
Cash flows from operating activities:
Net income
$
11,495
6,7362,960
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of intangible and right-of-use assets4,4555,5026,335
Depreciation529539570
Stock-based compensation1,5331,7041,976
Deferred taxes and other non-cash taxes(34)(809)(1,142)
Loss on debt extinguishment100198169
Non-cash restructuring, impairment and disposal charges133844
Non-cash interest expense12996108
Other170(113)(52)
Changes in assets and liabilities, net of acquisitions and disposals:
Trade accounts receivable, net(870)210981
Inventory(627)(294)(31)
Accounts payable(79)243(3)
Employee compensation and benefits136186217
Other current assets and current liabilities222(177)331
Other long-term assets and long-term liabilities(436)(295)(402)
Net cash provided by operating activities16,73613,76412,061
 
Cash flows from investing activities:
Acquisitions of businesses, net of cash acquired(246)(8)(10,872)
Proceeds from sales of businesses045218
Purchases of property, plant and equipment(424)(443)(463)
Purchases of investments20000
Sales of investments2001690
Other3(8)8
Net cash used in investing activities(667)(245)(11,109)
 
Cash flows from financing activities:
Proceeds from long-term borrowings1,9359,90427,802
Payments on debt obligations(2,361)(11,495)(18,814)
Other borrowings, net00(1,285)
Payments of dividends(7,032)(6,212)(5,534)
Repurchases of common stock - repurchase program(7,000)00
Shares repurchased for tax withholdings on vesting of equity awards(1,455)(1,299)(765)
Issuance of common stock114170276
Other(17)(42)(69)
Net cash provided by (used in) financing activities(15,816)(8,974)1,611
 
Net change in cash and cash equivalents2534,5452,563
 
Cash and cash equivalents at beginning of period12,1637,618
Cash and cash equivalents at end of period12,41612,1637,618
 
Supplemental disclosure of cash flow information:
Cash paid for interest1,3861,5651,408
Cash paid for income taxes908775501
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BROADCOM INC.

Ticker: AVGO   Fiscal Year: 2022

Consolidated Balance Sheets

Period Ending Oct 30, 2022 10-K (Filed: Dec 16, 2022)

(In Millions, except shares in actual)
 As ofAs of
 Oct 30, 2022Oct 31, 2021
ASSETS
Current assets:
Cash and cash equivalents
$
12,416
12,163
Trade accounts receivable, net2,9582,071
Inventory1,9251,297
Other current assets1,2051,055
Total current assets18,50416,586
 
Long-term assets:
Property, plant and equipment, net2,2232,348
Goodwill43,61443,450
Intangible assets, net7,11111,374
Other long-term assets1,7971,812
Total assets73,24975,570
 
LIABILITIES AND STOCKHOLDERS EQUITY
Current liabilities:
Accounts payable9981,086
Employee compensation and benefits1,2021,066
Current portion of long-term debt440290
Other current liabilities4,4123,839
Total current liabilities7,0526,281
 
Long-term liabilities:
Long-term debt39,07539,440
Other long-term liabilities4,4134,860
Total liabilities50,54050,581
 
Commitments and contingencies (Note 14)  
Preferred stock dividend obligation027
Stockholders equity:
Preferred stock, $0.001 par value; 100 shares authorized; 8.00% Mandatory Convertible Preferred Stock, Series A, 0 and 4 shares issued and outstanding; aggregate liquidation value of $0 and $3,737 as of October 30, 2022 and October 31, 2021, respectively00
Common stock, $0.001 par value; 2,900 shares authorized; 418 and 413 shares issued and outstanding as of October 30, 2022 and October 31, 2021, respectively00
Additional paid-in capital21,15924,330
Retained earnings1,604748
Accumulated other comprehensive loss(54)(116)
Total stockholders equity22,70924,962
 
Total liabilities and stockholders equity73,24975,570
 
External Links 
BROADCOM INC. (AVGO) Fiscal Year 2022
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