Common-Size Balance Sheet: Assets
Quarterly Data
Broadcom Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-Q (reporting date: 2025-02-02), 10-K (reporting date: 2024-11-03), 10-Q (reporting date: 2024-08-04), 10-Q (reporting date: 2024-05-05), 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02), 10-K (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-Q (reporting date: 2019-02-03).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets shows a volatile pattern. From early 2019 through late 2020, it increased notably from around 7% to over 16%, peaking at 19.47% by October 2023, followed by a sharp decline to around 5-6% in early to mid-2024 before a modest uptick towards 6.47% in August 2025. This indicates periods of significant liquidity buildup followed by reductions in cash holdings relative to total assets.
- Trade accounts receivable, net
- This metric as a percentage of total assets generally declined from above 5% in early 2019 to levels near 3% by late 2021. It showed some recovery and fluctuations between 3% and 4.5% through 2023 and 2024, ending at 3.92% in August 2025. The trend suggests a tightening or management of receivables followed by moderate increases.
- Inventory
- Inventory levels remained relatively low and stable, fluctuating modestly between approximately 1.1% and 2.6%. There was a gradual rise from roughly 1.17% in early 2020 to near 2.6% in late 2023, followed by a decrease to about 1.3% by mid-2025. The overall pattern indicates controlled inventory levels with some build-up mid-term and subsequent normalization.
- Other current assets
- This category demonstrates increased volatility, starting at around 1% in early 2019, rising and peaking at over 2% by late 2023. Notably, there is a sharp increase to near 4.7% in early 2024, which then reduces but remains elevated relative to earlier periods. This might indicate changes in other short-term asset compositions or classifications.
- Current assets
- Current assets as a percentage of total assets increased significantly from about 15% in early 2019 to a peak close to 29% by late 2023. Thereafter, they fell substantially to about 11-15% in 2024 and 2025. The sharp rise until late 2023 suggests increased liquidity or short-term resource accumulation, with a notable decline afterwards indicating reallocation or utilization of short-term assets.
- Property, plant and equipment, net
- PP&E as a percentage of total assets remained fairly stable, around 3% until early 2024, when it sharply decreased to roughly 1.5% and remained low through August 2025. This suggests a possible divestiture, impairment, or reclassification of fixed assets after 2023.
- Goodwill
- The proportion of goodwill steadily increased from about 51% early in 2019 to peak near 61% by mid-2022. It then fluctuated moderately around 59%-60% until late 2023, followed by a decrease to approximately 54%-59% in 2024 and 2025. This indicates that goodwill constitutes the largest portion of total assets, with some retrenchment or adjustments occurring in the later periods.
- Intangible assets, net
- Intangible assets as a share of total assets showed a consistent and marked decline from almost 30% in early 2019 to about 5% by late 2023. After a sharp increase in early 2024 to around 25%, the ratio declined gradually through mid-2025 to around 20%. The earlier consistent decline may reflect amortization or write-downs, while the spike in 2024 could indicate reclassification or acquisition-related valuation changes.
- Other long-term assets
- Other long-term assets exhibited a gradual upward trend from just under 1% in 2019 to above 3% by late 2024 and mid-2025. The increase is relatively steady with occasional acceleration, indicating growth or reclassification within this asset category.
- Long-term assets
- The proportion of long-term assets in total assets remained stable near 85% through 2023, then increased sharply to over 88% in late 2024, before declining to about 85% again by mid-2025. This trend underscores the dominance of long-term assets in the asset structure, with some shifts likely related to the movements in intangible assets and PP&E noted earlier.