Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Common-Size Balance Sheet: Assets 
Quarterly Data

Broadcom Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
May 4, 2025 Feb 2, 2025 Nov 3, 2024 Aug 4, 2024 May 5, 2024 Feb 4, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019 Feb 3, 2019
Cash and cash equivalents 5.75 5.63 5.64 5.93 5.60 6.67 19.47 16.84 16.12 17.33 16.95 13.99 12.56 13.96 16.10 14.63 12.60 12.41 10.03 11.17 11.29 7.95 7.49 7.83 7.51 7.06
Trade accounts receivable, net 3.38 3.00 2.67 2.78 3.14 2.79 4.33 4.07 4.23 4.43 4.04 3.80 4.30 3.47 2.74 2.94 3.21 3.28 3.03 3.38 3.94 4.51 4.83 5.07 4.91 5.10
Inventory 1.23 1.15 1.06 1.13 1.05 1.08 2.60 2.57 2.63 2.60 2.63 2.58 2.33 2.08 1.72 1.53 1.33 1.24 1.32 1.36 1.17 1.17 1.29 1.56 1.46 1.49
Other current assets 3.12 2.91 2.46 2.05 4.65 4.74 2.20 2.13 1.95 1.45 1.65 1.46 1.47 1.45 1.40 1.50 1.72 1.65 1.29 1.34 1.04 1.32 1.08 1.16 1.17 1.05
Current assets 13.47% 12.69% 11.83% 11.88% 14.44% 15.29% 28.61% 25.61% 24.94% 25.81% 25.26% 21.82% 20.65% 20.95% 21.95% 20.61% 18.86% 18.58% 15.67% 17.25% 17.44% 14.95% 14.69% 15.62% 15.06% 14.71%
Property, plant and equipment, net 1.50 1.49 1.52 1.55 1.52 1.50 2.96 3.04 3.08 3.02 3.03 3.15 3.15 3.15 3.11 3.12 3.20 3.24 3.30 3.24 3.21 3.23 3.80 3.74 3.74 3.72
Goodwill 59.41 59.19 59.09 58.27 55.86 54.86 59.91 60.92 60.86 59.76 59.54 61.14 60.80 59.34 57.50 57.27 57.54 56.46 57.22 54.79 53.29 53.67 54.40 52.58 51.70 50.82
Intangible assets, net 22.11 23.33 24.50 25.62 25.92 26.53 5.31 6.50 7.58 8.53 9.71 11.46 12.89 13.99 15.05 16.76 18.63 20.03 22.10 23.15 24.41 26.50 26.01 27.06 28.47 29.81
Other long-term assets 3.52 3.30 3.06 2.69 2.26 1.82 3.21 3.92 3.54 2.88 2.45 2.43 2.51 2.58 2.40 2.24 1.77 1.69 1.71 1.57 1.65 1.66 1.10 0.99 1.04 0.95
Long-term assets 86.53% 87.31% 88.17% 88.12% 85.56% 84.71% 71.39% 74.39% 75.06% 74.19% 74.74% 78.18% 79.35% 79.05% 78.05% 79.39% 81.14% 81.42% 84.33% 82.75% 82.56% 85.05% 85.31% 84.38% 84.94% 85.29%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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
As a percentage of total assets, cash and cash equivalents exhibited a generally rising trend from early 2019, starting at 7.06%, to peak around 19.47% in late 2023. This increase indicates growing liquidity during this period. However, a notable decline occurred in 2024, stabilizing near 5.7% by mid-2025, suggesting a possible reallocation or utilization of cash resources.
Trade accounts receivable, net
The proportion of trade accounts receivable relative to total assets decreased from over 5% in early 2019 to around 2.7%-3.4% in 2024-2025. This decline may reflect improved collection processes or changes in sales patterns, indicating a more efficient receivables management over time.
Inventory
Inventory as a percentage of total assets remained relatively stable with minor fluctuations, ranging roughly between 1.0% and 2.6%. There was a gradual increase from early 2020 through early 2023, reaching a high near 2.6%, before dropping back to approximately 1.1% in 2024-2025, implying adjustments in inventory holdings possibly linked to demand or supply chain conditions.
Other current assets
Other current assets displayed an upward trajectory, particularly notable from 2023 onward, increasing from approximately 1.4% in 2019 to over 4.7% by early 2024 before moderating slightly. This pattern suggests a growing component of current asset composition attributable to miscellaneous short-term assets.
Current assets
Overall current assets showed a significant increase from around 14.7% in early 2019 to nearly 28.6% in late 2023, driven largely by rises in cash equivalents and other current assets. However, a sharp contraction took place in 2024, reducing the proportion back to roughly 12-13%, indicating a strategic shift or asset reconfiguration towards less liquid forms.
Property, plant and equipment, net
This asset category gradually declined over the observed periods, from about 3.7% in 2019 to approximately 1.5% by mid-2025. This steady reduction may indicate asset disposals, depreciation outpacing capital investments, or a strategic deprioritization of physical assets.
Goodwill
Goodwill consistently represented the largest proportion of total assets, comprising over 50% throughout the timeline. It increased steadily from 50.8% in early 2019 to peak near 61% during 2021-2022, then slightly declined to around 54.9% in early 2024 before rebounding to nearly 59-60% towards mid-2025. These shifts reflect the significant role of acquired intangible assets retained on the balance sheet.
Intangible assets, net
Intangible assets showed a marked downward trend over the years, decreasing from about 29.8% in early 2019 to just above 5% by late 2023. An abrupt jump back to the mid-20% range occurred in 2024, settling near 22% by mid-2025. This unusual pattern suggests possible reclassification or reassessment of intangible asset values during 2024.
Other long-term assets
Other long-term assets grew from under 1% in early 2019 to over 3.5% by 2023, with some fluctuation during 2024-2025, remaining above 3%. This increase contributes to the broadening long-term asset base and may represent accumulated investments or deferred items.
Long-term assets
Long-term assets accounted for the majority of total assets, maintaining a range between approximately 71% and 88%. After a slight decline from 85% in 2019 down to around 71% in late 2023, long-term assets rose sharply back to mid-80% levels in 2024 and 2025, reflecting significant rebalancing within the asset structure, likely tied to fluctuations in intangible assets and goodwill.
Total assets
All item percentages are normalized to 100% for total assets at each reporting date, enabling comparative analysis of asset composition changes over time.