Common-Size Balance Sheet: Assets
Quarterly Data
Broadcom Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-08-02), 10-Q (reporting date: 2026-05-03), 10-Q (reporting date: 2026-02-01), 10-K (reporting date: 2025-11-02), 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).
The asset structure exhibits a heavy concentration in long-term intangible assets and goodwill, reflecting a capital allocation strategy centered on acquisitions. A significant structural shift occurred between October 2023 and February 2024, characterized by a sharp increase in intangible assets and a corresponding decrease in cash reserves, suggesting a major acquisition event.
- Liquidity and Current Assets
- Current assets as a percentage of total assets showed a steady increase from 14.95% in early 2020 to a peak of 28.61% by October 2023. This was followed by a precipitous drop to 15.29% in February 2024. Following this decline, a recovery trend is evident, with current assets rising to 27.73% by August 2026. Cash and cash equivalents mirrored this volatility, peaking at 19.47% in October 2023 before falling to 6.67% in February 2024 and gradually recovering to 12.74% by the end of the period.
- Intangible Assets and Goodwill
- Goodwill consistently represents the largest portion of the asset base, fluctuating between 51.98% and 60.92%. A notable trend in net intangible assets is observed: a consistent decline from 26.50% in February 2020 to a low of 5.31% in October 2023, followed by an abrupt spike to 26.53% in February 2024. This surge indicates the integration of substantial new intangible assets. Post-February 2024, these assets entered a period of steady amortization, declining to 13.99% by August 2026.
- Long-term Asset Composition
- Total long-term assets remained dominant throughout the period, typically ranging between 71% and 88% of the total asset base. The proportion of property, plant, and equipment (PP&E) remained stable at approximately 3% until February 2024, after which it dropped and stabilized at a lower range of approximately 1.5% to 1.67%. This suggests that the expansion of the total asset base was driven by intangible acquisitions rather than physical infrastructure investment.
- Operational Working Capital
- Trade accounts receivable remained relatively stable for several years but showed a marked upward trend in the final periods, rising from 2.67% in August 2024 to 7.29% by August 2026. Inventory levels remained a marginal component of total assets, generally staying between 1% and 2.6%, with a slight increase observed in the final quarters of the analyzed period.
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