Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Broadcom Inc. (NASDAQ:AVGO)

Common-Size Income Statement

Beginner level

Broadcom Inc., common-size consolidated income statement

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
Products 80.17 94.75 96.58 100.00 100.00 100.00
Subscriptions and services 19.83 5.25 3.42 0.00 0.00 0.00
Net revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products sold -27.47 -33.21 -37.13 -39.99 -40.30 -44.76
Cost of subscriptions and services -2.28 -0.47 -0.25 0.00 0.00 0.00
Purchase accounting effect on inventory 0.00 -0.34 -0.02 -8.95 -0.44 -4.92
Amortization of acquisition-related intangible assets -14.67 -14.41 -14.24 -5.76 -7.09 -5.83
Restructuring charges -0.34 -0.10 -0.11 -0.43 -0.10 -0.52
Cost of revenue -44.76% -48.52% -51.75% -55.14% -47.93% -56.03%
Gross margin 55.24% 51.48% 48.25% 44.86% 52.07% 43.97%
Research and development -20.78 -18.07 -18.67 -20.20 -15.37 -16.28
Selling, general and administrative -7.56 -5.07 -4.46 -6.09 -7.12 -9.53
Amortization of acquisition-related intangible assets -8.40 -2.59 -10.00 -14.15 -3.65 -4.61
Restructuring, impairment and disposal charges -3.26 -1.05 -0.91 -7.52 -2.01 -3.28
Litigation settlements 0.00 -0.07 -0.69 0.00 0.00 0.00
Operating expenses -40.00% -26.85% -34.74% -47.95% -28.15% -33.71%
Operating income (loss) 15.24% 24.63% 13.51% -3.09% 23.92% 10.26%
Interest expense -6.39 -3.01 -2.57 -4.42 -2.80 -2.58
Impairment on investment 0.00 -0.51 0.00 0.00 0.00 0.00
Loss on extinguishment of debt 0.00 0.00 -0.94 -0.93 -0.15 0.00
Gain (loss) on investment 0.64 0.01 -0.01 0.00 0.00 0.00
Interest income 0.43 0.55 0.25 0.08 0.12 0.14
Other income 0.08 0.13 0.24 0.20 0.51 0.42
Other expense -0.15 0.00 -0.14 -0.20 -0.10 -0.23
Other income, net 1.00% 0.69% 0.35% 0.08% 0.53% 0.33%
Income (loss) from continuing operations before income taxes 9.85% 21.80% 10.35% -8.36% 21.50% 8.01%
(Provision for) benefit from income taxes 2.26 38.78 -0.20 -4.85 -1.11 -0.77
Income (loss) from continuing operations 12.11% 60.58% 10.15% -13.21% 20.38% 7.24%
Loss from discontinued operations, net of income taxes -0.05 -0.09 -0.03 -0.85 -0.40 -1.08
Net income (loss) 12.05% 60.49% 10.12% -14.06% 19.99% 6.16%
Net (income) loss attributable to noncontrolling interest 0.00 -1.68 -0.52 0.92 0.00 0.00
Net income (loss) attributable to Broadcom Inc. stockholders 12.05% 58.80% 9.59% -13.13% 19.99% 6.16%
Dividends on preferred stock -0.13 0.00 0.00 0.00 0.00 0.00
Net income (loss) attributable to common stock 11.93% 58.80% 9.59% -13.13% 19.99% 6.16%

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).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Broadcom Inc.’s operating income (loss) as a percentage of net revenue increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.
Income (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Broadcom Inc.’s income (loss) from continuing operations before income taxes as a percentage of net revenue increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Net income (loss) attributable to Broadcom Inc. stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Broadcom Inc.’s net income (loss) attributable to Broadcom Inc. stockholders as a percentage of net revenue increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.