10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
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 Ended | 12 Months Ended | 12 Months Ended | |
| Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,960 | 2,724 | 12,610 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of intangible and right-of-use assets | 6,335 | 5,239 | 3,566 |
| Depreciation | 570 | 569 | 515 |
| Stock-based compensation | 1,976 | 2,185 | 1,227 |
| Deferred taxes and other non-cash taxes | (1,142) | (934) | (8,270) |
| Impairment on investment | 0 | 0 | 106 |
| Loss on extinguishment of debt | 169 | 28 | 0 |
| Non-cash restructuring, impairment and disposal charges | 44 | 133 | 21 |
| Non-cash interest expense | 108 | 69 | 24 |
| Other | (52) | (132) | 37 |
| Changes in assets and liabilities, net of acquisitions and disposals: | |||
| Trade accounts receivable, net | 981 | 486 | (652) |
| Inventory | (31) | 250 | 417 |
| Accounts payable | (3) | (42) | (325) |
| Employee compensation and benefits | 217 | (294) | 6 |
| Contributions to defined benefit pension plans | 0 | 0 | (130) |
| Other current assets and current liabilities | 331 | (283) | 369 |
| Other long-term assets and long-term liabilities | (402) | (301) | (641) |
| Net cash provided by operating activities | 12,061 | 9,697 | 8,880 |
| Cash flows from investing activities: | |||
| Acquisitions of businesses, net of cash acquired | (10,872) | (16,033) | (4,800) |
| Proceeds from sales of businesses | 218 | 957 | 773 |
| Purchases of property, plant and equipment | (463) | (432) | (635) |
| Proceeds from disposals of property, plant and equipment | 12 | 88 | 239 |
| Purchases of investments | 0 | (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 borrowings | 27,802 | 28,793 | 0 |
| Repayment of debt | (18,814) | (16,800) | (973) |
| Other borrowings, net | (1,285) | 1,241 | 0 |
| Payment of dividends and distributions | (5,534) | (4,235) | (2,998) |
| Repurchases of common stock - repurchase program | 0 | (5,435) | (7,258) |
| Shares repurchased for tax withholdings on vesting of equity awards | (765) | (972) | (56) |
| Issuance of preferred stock, net | 0 | 3,679 | 0 |
| Issuance of common stock | 276 | 253 | 212 |
| Other | (69) | (36) | (45) |
| Net cash provided by (used in) financing activities | 1,611 | 6,488 | (11,118) |
| Net change in cash and cash equivalents | 2,563 | 763 | (6,912) |
| Cash and cash equivalents at beginning of period | 5,055 | 4,292 | |
| Cash and cash equivalents at end of period | 7,618 | 5,055 | 4,292 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | 1,408 | 1,287 | 547 |
| Cash paid for income taxes | 501 | 741 | 512 |
| External Links | |
| BROADCOM INC. (AVGO) Fiscal Year 2020 | |
| 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 |