Cash flow Broadcom Inc.

Equities

AVGO

US11135F1012

Semiconductors

Real-time Estimate Cboe BZX Other stock markets 18:22:59 18/09/2024 BST			5-day change	1st Jan Change
163.84 ^USD	+0.84%		+3.79%	+47.16%

01:04pm	William Blair Initiates Broadcom at Outperform	MT
09-16	Wall Street: no trend, Apple weighed down, Intel recovers	CF

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Published financial data: BROADCOM INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2019	2020	2021	2022	2023
Revenues	22.6B	23.89B	27.45B	33.2B	35.82B
Total Revenues	22.6B	23.89B	27.45B	33.2B	35.82B
Cost of Goods Sold, Total	6.72B	6.52B	7.16B	8.26B	9.27B
Gross Profit	15.87B	17.37B	20.29B	24.95B	26.55B
Selling General & Admin Expenses, Total	1.64B	1.93B	1.35B	1.38B	1.59B
R&D Expenses	4.7B	4.97B	4.85B	4.92B	5.25B
Amortization of Goodwill and Intangible Assets - (IS)	5.21B	6.22B	5.4B	4.36B	3.25B
Other Operating Expenses, Total	11.54B	13.12B	11.6B	10.66B	10.09B
Operating Income	4.33B	4.25B	8.68B	14.29B	16.45B
Interest Expense, Total	-1.44B	-1.78B	-1.88B	-1.74B	-1.62B
Interest And Investment Income	98M	53M	16M	100M	535M
Net Interest Expenses	-1.35B	-1.72B	-1.87B	-1.64B	-1.09B
Other Non Operating Income (Expenses)	-18M	3M	17M	16M	-33M
EBT, Excl. Unusual Items	2.97B	2.53B	6.83B	12.66B	15.33B
Restructuring Charges	-77M	-209M	-149M	-55M	-36M
Merger & Related Restructuring Charges	-819M	-28M	-	-	-
Gain (Loss) On Sale Of Investments	145M	31M	99M	-169M	11M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	10M	4M	-16M	-7M	-8M
Legal Settlements	-	-	-	-	-204M
Other Unusual Items	-	116M	-	-	-
EBT, Incl. Unusual Items	2.23B	2.44B	6.76B	12.43B	15.1B
Income Tax Expense	-510M	-518M	29M	939M	1.02B
Earnings From Continuing Operations	2.74B	2.96B	6.74B	11.5B	14.08B
Earnings Of Discontinued Operations	-12M	-1M	-	-	-
Net Income to Company	2.72B	2.96B	6.74B	11.5B	14.08B
Minority Interest	-	-	-	-	-
Net Income - (IS)	2.72B	2.96B	6.74B	11.5B	14.08B
Preferred Dividend and Other Adjustments	29M	297M	299M	272M	-
Net Income to Common Incl Extra Items	2.7B	2.66B	6.44B	11.22B	14.08B
Net Income to Common Excl. Extra Items	2.71B	2.66B	6.44B	11.22B	14.08B
Per Share Items
Net EPS - Basic	0.68	0.66	1.57	2.74	3.39
Basic EPS - Continuing Operations	0.68	0.66	1.57	2.74	3.39
Basic Weighted Average Shares Outstanding	3.98B	4.02B	4.1B	4.09B	4.15B
Net EPS - Diluted	0.64	0.63	1.5	2.65	3.3
Diluted EPS - Continuing Operations	0.65	0.63	1.5	2.65	3.3
Diluted Weighted Average Shares Outstanding	4.19B	4.21B	4.29B	4.23B	4.27B
Normalized Basic EPS	0.47	0.39	1.04	1.94	2.31
Normalized Diluted EPS	0.44	0.38	1	1.87	2.24
Dividend Per Share	1.12	1.34	1.49	1.69	1.9
Payout Ratio	155.47	186.96	92.22	61.17	54.29
American Depositary Receipts Ratio (ADR)	0.01	0.01	0.01	0.01	0.01
Supplemental Items
EBITDA	10.14B	11.16B	14.72B	19.27B	20.2B
EBITA	9.57B	10.58B	14.18B	18.74B	19.7B
EBIT	4.33B	4.25B	8.68B	14.29B	16.45B
EBITDAR	10.38B	11.26B	14.83B	19.37B	-
Total Revenues (As Reported)	22.6B	23.89B	27.45B	33.2B	35.82B
Effective Tax Rate - (Ratio)	-22.91	-21.2	0.43	7.55	6.72
Current Domestic Taxes	-65M	58M	492M	222M	975M
Current Foreign Taxes	342M	506M	534M	762M	541M
Total Current Taxes	277M	564M	1.03B	984M	1.52B
Deferred Domestic Taxes	-610M	-788M	-990M	53M	-530M
Deferred Foreign Taxes	-177M	-294M	-7M	-98M	29M
Total Deferred Taxes	-787M	-1.08B	-997M	-45M	-501M
Normalized Net Income	1.85B	1.58B	4.27B	7.92B	9.58B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	0	-4M	0	1M	1M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	4.7B	4.97B	4.85B	4.92B	5.25B
Net Rental Expense, Total	244M	106M	102M	98M	-
Imputed Operating Lease Interest Expense	112M	40.46M	37.53M	33.94M	-
Imputed Operating Lease Depreciation	132M	65.54M	64.47M	64.06M	-
Stock-Based Comp., COGS (Total)	-	159M	143M	147M	210M
Stock-Based Comp., R&D Exp. (Total)	-	1.42B	1.2B	1.05B	1.51B
Stock-Based Comp., SG&A Exp. (Total)	-	398M	362M	338M	448M
Stock-Based Comp., Other (Total)	2.26B	-	-	-	-
Total Stock-Based Compensation	2.26B	1.98B	1.7B	1.53B	2.17B

Fiscal Period: October	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.06B	7.62B	12.16B	12.42B	14.19B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	5.06B	7.62B	12.16B	12.42B	14.19B
Accounts Receivable, Total	3.26B	2.3B	2.07B	2.96B	3.15B
Other Receivables	-	-	-	-	-
Total Receivables	3.26B	2.3B	2.07B	2.96B	3.15B
Inventory	874M	1B	1.3B	1.92B	1.9B
Prepaid Expenses	302M	387M	539M	864M	743M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	427M	590M	516M	341M	863M
Total Current Assets	9.92B	11.9B	16.59B	18.5B	20.85B
Gross Property Plant And Equipment	4.9B	5.92B	6.13B	6.34B	6.64B
Accumulated Depreciation	-2.33B	-2.82B	-3.2B	-3.6B	-4.02B
Net Property Plant And Equipment	2.56B	3.1B	2.94B	2.74B	2.62B
Long-term Investments	-	-	-	-	-
Goodwill	36.71B	43.45B	43.45B	43.61B	43.65B
Other Intangibles, Total	17.55B	16.78B	11.37B	7.11B	3.87B
Deferred Tax Assets Long-Term	50M	240M	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	693M	471M	1.22B	1.28B	1.88B
Total Assets	67.49B	75.93B	75.57B	73.25B	72.86B
Liabilities
Accounts Payable, Total	855M	836M	1.09B	998M	1.21B
Accrued Expenses, Total	950M	877M	1.07B	1.6B	1.32B
Current Portion of Long-Term Debt	2.79B	807M	264M	403M	1.56B
Current Portion of Leases	-	120M	109M	111M	105M
Current Income Taxes Payable	229M	440M	541M	680M	473M
Unearned Revenue Current, Total	1.5B	2.62B	2.62B	2.93B	2.49B
Other Current Liabilities	577M	671M	596M	334M	252M
Total Current Liabilities	6.9B	6.37B	6.28B	7.05B	7.4B
Long-Term Debt	30.01B	40.19B	39.4B	39.05B	37.62B
Long-Term Leases	-	575M	499M	411M	363M
Unearned Revenue Non Current	-	823M	566M	410M	299M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	5.61B	4.08B	3.83B	3.61B	3.19B
Total Liabilities	42.52B	52.03B	50.58B	50.54B	48.87B
Preferred Stock - Others	29M	27M	27M	-	-
Total Preferred Equity	29M	27M	27M	-	-
Common Stock, Total	-	-	-	-	-
Additional Paid In Capital	25.08B	23.98B	24.33B	21.16B	21.1B
Retained Earnings	-	-	748M	1.6B	2.68B
Comprehensive Income and Other	-140M	-108M	-116M	-54M	207M
Total Common Equity	24.94B	23.87B	24.96B	22.71B	23.99B
Minority Interest	-	-	-	-	-
Total Equity	24.97B	23.9B	24.99B	22.71B	23.99B
Total Liabilities And Equity	67.49B	75.93B	75.57B	73.25B	72.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.98B	4.07B	4.13B	4.18B	4.68B
ECS Total Common Shares Outstanding	3.98B	4.07B	4.13B	4.18B	4.14B
Book Value / Share	6.27	5.87	6.04	5.43	5.79
Tangible Book Value	-29.33B	-36.36B	-29.86B	-28.02B	-23.53B
Tangible Book Value Per Share	-7.37	-8.93	-7.23	-6.7	-5.68
Total Debt	32.8B	41.69B	40.27B	39.98B	39.65B
Net Debt	27.74B	34.07B	28.11B	27.56B	25.46B
Debt Equivalent of Unfunded Proj. Benefit Obligation	14M	-5M	5M	-17M	-4M
Debt Equivalent Oper. Leases	1.95B	848M	816M	784M	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	121M	122M	194M	179M	321M
Inventories - Work In Process, Total	414M	558M	680M	966M	901M
Inventories - Finished Goods, Total	339M	323M	423M	780M	676M
Land - (BS)	189M	194M	195M	195M	195M
Buildings, Total	1.08B	1.13B	1.15B	1.16B	1.18B
Machinery, Total	3.54B	3.89B	4.16B	4.41B	4.74B
Full Time Employees	19K	21K	20K	20K	20K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: October	2019	2020	2021	2022	2023
Net Income	2.72B	2.96B	6.74B	11.5B	14.08B
Depreciation & Amortization - CF	569M	570M	539M	529M	588M
Amortization of Goodwill and Intangible Assets - (CF)	5.24B	6.34B	5.5B	4.46B	3.25B
Depreciation & Amortization, Total	5.81B	6.9B	6.04B	4.98B	3.84B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	133M	44M	38M	13M	-
Stock-Based Compensation (CF)	2.18B	1.98B	1.7B	1.53B	2.17B
Tax Benefit from Stock Options	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-969M	-917M	-628M	365M	-360M
Change In Accounts Receivable	486M	981M	210M	-870M	-187M
Change In Inventories	250M	-31M	-294M	-627M	27M
Change In Accounts Payable	-42M	-3M	243M	-79M	209M
Change in Other Net Operating Assets	-878M	146M	-286M	-78M	-1.69B
Cash from Operations	9.7B	12.06B	13.76B	16.74B	18.08B
Capital Expenditure	-432M	-463M	-443M	-424M	-452M
Sale of Property, Plant, and Equipment	88M	12M	4M	-	-
Cash Acquisitions	-16.03B	-10.87B	-8M	-246M	-53M
Divestitures	957M	218M	45M	-	-
Investment in Marketable and Equity Securities, Total	0	-	169M	0	-118M
Other Investing Activities, Total	-2M	-4M	-12M	3M	-66M
Cash from Investing	-15.42B	-11.11B	-245M	-667M	-689M
Long-Term Debt Issued, Total	30.03B	27.8B	9.9B	1.94B	-
Total Debt Issued	30.03B	27.8B	9.9B	1.94B	-
Long-Term Debt Repaid, Total	-16.8B	-20.1B	-11.5B	-2.36B	-403M
Total Debt Repaid	-16.8B	-20.1B	-11.5B	-2.36B	-403M
Issuance of Common Stock	253M	276M	170M	114M	122M
Repurchase of Common Stock	-6.41B	-765M	-1.3B	-8.46B	-7.68B
Issuance of Preferred Stock	3.68B	-	-	-	-
Common Dividends Paid	-4.24B	-5.24B	-5.91B	-6.73B	-7.64B
Preferred Dividends Paid	-	-299M	-299M	-299M	-
Common & Preferred Stock Dividends Paid	-4.24B	-5.53B	-6.21B	-7.03B	-7.64B
Other Financing Activities, Total	-36M	-69M	-42M	-17M	-12M
Cash from Financing	6.49B	1.61B	-8.97B	-15.82B	-15.62B
Net Change in Cash	763M	2.56B	4.54B	253M	1.77B
Supplemental Items
Cash Interest Paid	1.29B	1.41B	1.56B	1.39B	1.5B
Cash Income Tax Paid (Refund)	741M	501M	775M	908M	1.78B
Levered Free Cash Flow	11.17B	11.88B	11.87B	12.9B	13.45B
Unlevered Free Cash Flow	12.07B	12.99B	13.05B	13.99B	14.47B
Change In Net Working Capital	-1.73B	-1.92B	-318M	1.04B	1.37B
Net Debt Issued / Repaid	13.23B	7.7B	-1.59B	-426M	-403M

Fiscal Period: October	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.6	3.7	7.16	12	14.08
Return on Total Capital	5.31	4.31	8.29	13.96	16.28
Return On Equity %	10.6	12.12	27.56	48.2	60.31
Return on Common Equity	10.49	10.91	26.36	47.09	60.31
Margin Analysis
Gross Profit Margin %	70.25	72.71	73.91	75.13	74.11
SG&A Margin	7.24	8.09	4.91	4.17	4.45
EBITDA Margin %	44.87	46.7	53.64	58.04