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Broadcom Inc. (AVGO)


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

Microsoft Excel LibreOffice Calc
12 months ended Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015 Nov 2, 2014
Semiconductor solutions 17,368  18,934  17,491  —  —  — 
Infrastructure software 5,156  1,780  —  —  —  — 
IP licensing 73  134  145  —  —  — 
Wired infrastructure —  —  —  6,582  1,479  1,151 
Wireless communications —  —  —  3,724  2,536  1,689 
Enterprise storage —  —  —  2,291  2,180  867 
Industrial & other —  —  —  643  629  562 
Net revenue 22,597  20,848  17,636  13,240  6,824  4,269 

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.