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: 2019 | |||
Consolidated Statements of Operations Consolidated Statements of Operations | |||
Period Ending Nov 3, 2019 10-K (Filed: Dec 20, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 3, 2019 | Nov 4, 2018 | Oct 29, 2017 | |
| Net revenue: | |||
| Total net revenue | $ 22,597 | 20,848 | 17,636 |
| Cost of revenue: | |||
| Cost of products sold | 6,208 | 6,924 | 6,549 |
| Cost of subscriptions and services | 515 | 97 | 44 |
| Purchase accounting effect on inventory | 0 | 70 | 4 |
| Amortization of acquisition-related intangible assets | 3,314 | 3,004 | 2,511 |
| Restructuring charges | 77 | 20 | 19 |
| Total cost of revenue | 10,114 | 10,115 | 9,127 |
| Gross margin | 12,483 | 10,733 | 8,509 |
| Research and development | 4,696 | 3,768 | 3,302 |
| Selling, general and administrative | 1,709 | 1,056 | 789 |
| Amortization of acquisition-related intangible assets | 1,898 | 541 | 1,764 |
| Restructuring, impairment and disposal charges | 736 | 219 | 161 |
| Litigation Settlement, Expense | 0 | 14 | 122 |
| Total operating expenses | 9,039 | 5,598 | 6,138 |
| Operating income | 3,444 | 5,135 | 2,371 |
| Interest expense | (1,444) | (628) | (454) |
| Other income, net | 226 | 144 | 74 |
| Gain (Loss) on Extinguishment of Debt | 0 | 0 | (166) |
| Income from continuing operations before income taxes | 2,226 | 4,545 | 1,825 |
| Provision for (benefit from) income taxes | (510) | (8,084) | 35 |
| Income from continuing operations | 2,736 | 12,629 | 1,790 |
| Loss from discontinued operations, net of income taxes | (12) | (19) | (6) |
| Net income | 2,724 | 12,610 | 1,784 |
| Dividends on preferred stock | 29 | 0 | 0 |
| Net income attributable to noncontrolling interest | 0 | 351 | 92 |
| Net income attributable to common stock | 2,695 | 12,259 | 1,692 |
| Impairment on investment | 0 | (106) | 0 |
| Net income per share: | |||
| Basic income per share: | |||
| Income per share from continuing operations (in dollars per share) | 6.80 | 29.37 | 4.19 |
| Loss per share from discontinued operations (in dollars per share) | (0.03) | (0.04) | (0.01) |
| Net income per share (in dollars per share) | 6.77 | 29.33 | 4.18 |
| Diluted income per share: | |||
| Income per share from continuing operations (in dollars per share) | 6.46 | 28.48 | 4.03 |
| Loss per share from discontinued operations (in dollars per share) | (0.03) | (0.04) | (0.01) |
| Net income per share (in dollars per share) | 6.43 | 28.44 | 4.02 |
| Weighted-average shares: | |||
| Basic | 398 | 418 | 405 |
| Diluted | 419 | 431 | 421 |
| Product and Service | |||
| Products | |||
| Total net revenue | 18,117 | 19,754 | 17,033 |
| Subscriptions and services | |||
| Total net revenue | 4,480 | 1,094 | 603 |
| External Links | |
| BROADCOM INC. (AVGO) Fiscal Year 2019 | |
| 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 |