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 Operations | |||
Period Ending Nov 1, 2020 10-K (Filed: Dec 18, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Nov 1, 2020 | Nov 3, 2019 | Nov 4, 2018 | |
| Total net revenue | $ 23,888 | 22,597 | 20,848 |
| Cost of revenue: | |||
| Cost of products sold | 5,892 | 6,208 | 6,924 |
| Cost of subscriptions and services | 626 | 515 | 97 |
| Purchase accounting effect on inventory | 0 | 0 | 70 |
| Amortization of acquisition-related intangible assets | 3,819 | 3,314 | 3,004 |
| Restructuring charges | 35 | 77 | 20 |
| Total cost of revenue | 10,372 | 10,114 | 10,115 |
| Gross margin | 13,516 | 12,483 | 10,733 |
| Research and development | 4,968 | 4,696 | 3,768 |
| Selling, general and administrative | 1,935 | 1,709 | 1,056 |
| Amortization of acquisition-related intangible assets | 2,401 | 1,898 | 541 |
| Restructuring, impairment and disposal charges | 198 | 736 | 219 |
| Litigation Settlement, Expense | 0 | 0 | 14 |
| Total operating expenses | 9,502 | 9,039 | 5,598 |
| Operating income | 4,014 | 3,444 | 5,135 |
| Interest expense | (1,777) | (1,444) | (628) |
| Impairment on investment | 0 | 0 | (106) |
| Other income, net | 206 | 226 | 144 |
| Income from continuing operations before income taxes | 2,443 | 2,226 | 4,545 |
| Provision for (benefit from) income taxes | (518) | (510) | (8,084) |
| Income from continuing operations | 2,961 | 2,736 | 12,629 |
| Loss from discontinued operations, net of income taxes | (1) | (12) | (19) |
| Net income | 2,960 | 2,724 | 12,610 |
| Dividends on preferred stock | (297) | (29) | 0 |
| Net income attributable to noncontrolling interest | 0 | 0 | (351) |
| Net income attributable to common stock | 2,663 | 2,695 | 12,259 |
| Net income per share: | |||
| Basic income per share: | |||
| Income per share from continuing operations (in dollars per share) | 6.62 | 6.80 | 29.37 |
| Loss per share from discontinued operations (in dollars per share) | 0.00 | (0.03) | (0.04) |
| Net income per share (in dollars per share) | 6.62 | 6.77 | 29.33 |
| Diluted income per share: | |||
| Income per share from continuing operations (in dollars per share) | 6.33 | 6.46 | 28.48 |
| Loss per share from discontinued operations (in dollars per share) | 0.00 | (0.03) | (0.04) |
| Net income per share (in dollars per share) | 6.33 | 6.43 | 28.44 |
| Weighted-average shares: | |||
| Basic | 402 | 398 | 418 |
| Diluted | 421 | 419 | 431 |
| Product and Service | |||
| Products | |||
| Total net revenue | 17,435 | 18,117 | 19,754 |
| Subscriptions and services | |||
| Total net revenue | 6,453 | 4,480 | 1,094 |
| 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 |