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: 2021 | |||
Consolidated Statements of Operations | |||
Period Ending Oct 31, 2021 10-K (Filed: Dec 17, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | |
| Total net revenue | $ 27,450 | 23,888 | 22,597 |
| Cost of revenue: | |||
| Cost of products sold | 6,555 | 5,892 | 6,208 |
| Cost of subscriptions and services | 607 | 626 | 515 |
| Amortization of acquisition-related intangible assets | 3,427 | 3,819 | 3,314 |
| Restructuring charges | 17 | 35 | 77 |
| Total cost of revenue | 10,606 | 10,372 | 10,114 |
| Gross margin | 16,844 | 13,516 | 12,483 |
| Research and development | 4,854 | 4,968 | 4,696 |
| Selling, general and administrative | 1,347 | 1,935 | 1,709 |
| Amortization of acquisition-related intangible assets | 1,976 | 2,401 | 1,898 |
| Restructuring, impairment and disposal charges | 148 | 198 | 736 |
| Total operating expenses | 8,325 | 9,502 | 9,039 |
| Operating income | 8,519 | 4,014 | 3,444 |
| Interest expense | (1,885) | (1,777) | (1,444) |
| Other income, net | 131 | 206 | 226 |
| Income (loss) from continuing operations before income taxes | 6,765 | 2,443 | 2,226 |
| Provision for (benefit from) income taxes | 29 | (518) | (510) |
| Income from continuing operations | 6,736 | 2,961 | 2,736 |
| Loss from discontinued operations, net of income taxes | 0 | (1) | (12) |
| Net income | 6,736 | 2,960 | 2,724 |
| Dividends on preferred stock | (299) | (297) | (29) |
| Net income attributable to common stock | 6,437 | 2,663 | 2,695 |
| Net income per share: | |||
| Basic income per share: | |||
| Income per share from continuing operations (in dollars per share) | 15.70 | 6.62 | 6.80 |
| Loss per share from discontinued operations (in dollars per share) | 0.00 | 0.00 | (0.03) |
| Net income per share (in dollars per share) | 15.70 | 6.62 | 6.77 |
| Diluted income per share: | |||
| Income per share from continuing operations (in dollars per share) | 15.00 | 6.33 | 6.46 |
| Loss per share from discontinued operations (in dollars per share) | 0.00 | 0.00 | (0.03) |
| Net income per share (in dollars per share) | 15.00 | 6.33 | 6.43 |
| Weighted-average shares: | |||
| Basic | 410 | 402 | 398 |
| Diluted | 429 | 421 | 419 |
| Product and Service | |||
| Products | |||
| Total net revenue | 20,886 | 17,435 | 18,117 |
| Subscriptions and services | |||
| Total net revenue | 6,564 | 6,453 | 4,480 |
| External Links | |
| BROADCOM INC. (AVGO) Fiscal Year 2021 | |
| 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 |