Common-Size Balance Sheet: Assets
Quarterly Data
Broadcom Inc., common-size consolidated balance sheet: assets (quarterly data)
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.