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Analysis of Revenues
Advanced level
Accounting Policy on Revenue Recognition
Broadcom accounts for a contract with a customer when both parties have approved the contract and are committed to perform their respective obligations, each party’s rights can be identified, payment terms can be identified, the contract has commercial substance, and it is probable Broadcom will collect substantially all of the consideration Broadcom is entitled to. Revenue is recognized when, or as, performance obligations are satisfied by transferring control of a promised product or service to a customer.
Source: 10-K (filing date: 2019-12-20).
Revenues as Reported
Broadcom Inc., Income Statement, Revenues
US$ in millions
Based on: 10-K (filing date: 2019-12-20), 10-K (filing date: 2018-12-21), 10-K (filing date: 2017-12-21), 10-K (filing date: 2016-12-23), 10-K (filing date: 2015-12-17), 10-K (filing date: 2014-12-29).
| Item | Description | The company |
|---|---|---|
| Net revenue | Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). | Broadcom Inc.’s net revenue increased from 2017 to 2018 and from 2018 to 2019. |