Broadcom Inc. (AVGO)


Common-Size Income Statement
Quarterly Data

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Broadcom Inc., Common-Size Consolidated Income Statement (quarterly data)

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3 months ended Feb 3, 2019 Nov 4, 2018 Aug 5, 2018 May 6, 2018 Feb 4, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Nov 1, 2015 Aug 2, 2015 May 3, 2015 Feb 1, 2015 Nov 2, 2014 Aug 3, 2014 May 4, 2014 Feb 2, 2014 Nov 3, 2013 Aug 4, 2013 May 5, 2013 Feb 3, 2013
Products 80.13 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Subscriptions and services 19.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net revenue 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%
Cost of products sold -26.84 -32.07 -33.18 -33.83 -35.65 -37.12 -37.15 -37.33 -38.00 -39.63 -40.08 -40.58 -39.47 -38.48 -40.00 -40.52 -42.45 -43.27 -59.89 -46.50 -48.94 -50.54 -50.47 -49.11 -49.65
Cost of subscriptions and services -2.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Purchase accounting effect on inventory 0.00 0.00 0.00 0.00 -1.31 -0.04 -0.02 -0.02 0.00 -2.08 -7.15 -23.38 0.00 -0.22 -1.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Amortization of acquisition-related intangible assets -14.39 -14.00 -15.05 -15.26 -13.42 -13.58 -14.68 -15.25 -13.51 -5.42 -5.56 -5.59 -7.34 -7.01 -7.44 -7.00 -6.91 -6.79 -8.27 -2.57 -2.54 -2.57 -2.17 -2.49 -2.43
Restructuring charges -0.97 -0.02 -0.04 -0.04 -0.28 -0.06 0.00 -0.24 -0.14 -0.39 -0.21 -0.90 -0.06 -0.11 -0.12 -0.06 -0.12 -0.38 -0.87 0.00 -0.71 0.00 -0.16 0.00 0.00
Cost of revenue -44.58% -46.09% -48.27% -49.12% -50.67% -50.81% -51.85% -52.84% -51.65% -47.51% -53.01% -70.46% -46.87% -45.82% -49.05% -47.58% -49.48% -50.44% -69.03% -49.07% -52.19% -53.12% -52.80% -51.60% -52.08%
Gross margin 55.42% 53.91% 51.73% 50.88% 49.33% 49.19% 48.15% 47.16% 48.35% 52.49% 46.99% 29.54% 53.13% 54.18% 50.95% 52.42% 50.52% 49.56% 30.97% 50.93% 47.81% 46.88% 47.20% 48.40% 47.92%
Research and development -19.57 -17.41 -18.94 -18.67 -17.36 -17.09 -18.53 -19.79 -19.52 -19.49 -21.47 -22.23 -15.08 -15.60 -15.91 -15.55 -14.37 -14.72 -18.91 -16.26 -15.09 -14.77 -15.68 -16.90 -16.15
Selling, general and administrative -8.14 -4.35 -4.62 -5.86 -5.46 -3.76 -4.48 -4.87 -4.86 -5.42 -6.07 -6.72 -6.44 -6.41 -8.24 -6.69 -7.16 -8.11 -10.80 -9.56 -10.44 -8.13 -8.85 -9.25 -9.20
Amortization of acquisition-related intangible assets -8.22 -1.23 -1.34 -1.34 -6.36 -9.10 -9.88 -10.55 -10.63 -8.61 -19.20 -20.76 -3.05 -3.42 -3.92 -3.66 -3.61 -5.72 -7.17 -1.14 -0.99 -0.95 -0.93 -1.07 -0.87
Restructuring, impairment and disposal charges -9.90 -0.31 -0.38 -1.06 -2.44 -1.14 -0.74 -0.64 -1.11 -9.77 -7.23 -8.11 -1.75 -0.82 -5.65 -0.62 -0.86 -2.08 -6.86 -1.14 -1.69 0.00 0.00 -0.18 -0.17
Litigation settlements 0.00 -0.26 0.00 0.00 0.00 -2.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating expenses -45.83% -23.57% -25.28% -26.92% -31.63% -33.61% -33.63% -35.85% -36.12% -43.28% -53.96% -57.81% -26.31% -26.25% -33.72% -26.52% -25.99% -30.63% -43.74% -28.10% -28.21% -23.85% -25.47% -27.40% -26.39%
Operating income (loss) 9.59% 30.35% 26.45% 23.95% 17.70% 15.59% 14.52% 11.31% 12.23% 9.21% -6.96% -28.27% 26.82% 27.93% 17.23% 25.90% 24.53% 18.93% -12.77% 22.82% 19.61% 23.04% 21.74% 21.00% 21.53%
Interest expense -5.96 -2.72 -2.94 -2.95 -3.44 -2.46 -2.51 -2.67 -2.68 -2.56 -3.67 -7.23 -4.74 -2.23 -2.48 -3.28 -3.30 -3.40 -4.33 -0.14 0.00 0.00 -0.16 -0.18 0.00
Impairment on investment 0.00 -1.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
(Loss) gain on extinguishment of debt 0.00 0.00 0.00 0.00 0.00 -0.14 0.00 0.00 -3.84 -1.18 -0.55 -1.50 0.00 0.00 0.17 -0.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other income (expense), net 1.17 0.44 0.77 0.92 0.66 0.33 0.27 0.07 0.75 0.22 0.11 -0.17 0.17 0.65 0.46 0.74 0.24 1.01 -0.16 0.00 0.00 1.36 0.78 0.18 0.35
Income (loss) from continuing operations before income taxes 4.80% 26.12% 24.27% 21.92% 14.92% 13.32% 12.28% 8.71% 6.45% 5.68% -11.08% -37.16% 22.25% 26.36% 15.39% 22.55% 21.47% 16.54% -17.26% 22.68% 19.61% 24.39% 22.36% 21.00% 21.88%
(Provision for) benefit from income taxes 3.51 -5.64 -0.63 52.59 108.62 -1.84 -0.87 2.46 -0.24 -20.33 3.09 2.80 -0.96 -0.82 -1.33 -1.55 -0.80 -7.92 7.80 -0.14 -0.71 -1.08 -0.31 -0.89 -0.17
Income (loss) from continuing operations 8.31% 20.48% 23.64% 74.51% 123.54% 11.48% 11.40% 11.17% 6.21% -14.65% -7.99% -34.37% 21.29% 25.54% 14.06% 21.00% 20.67% 8.62% -9.46% 22.54% 18.90% 23.31% 22.05% 20.11% 21.70%
Income (loss) from discontinued operations, net of income taxes -0.17 0.00 -0.02 -0.06 -0.28 0.10 -0.04 -0.10 -0.12 -1.50 -0.32 -1.07 0.00 -2.23 -0.23 0.31 0.80 -0.13 -3.47 0.00 0.00 0.00 0.00 0.00 0.00
Net income (loss) 8.14% 20.48% 23.62% 74.45% 123.26% 11.58% 11.36% 11.07% 6.09% -16.15% -8.31% -35.44% 21.29% 23.32% 13.83% 21.31% 21.47% 8.49% -12.92% 22.54% 18.90% 23.31% 22.05% 20.11% 21.70%
Net (income) loss attributable to noncontrolling interest 0.00 0.00 0.00 -0.30 -6.31 -0.60 -0.58 -0.57 -0.31 0.87 0.45 1.95 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net income (loss) attributable to common stock 8.14% 20.48% 23.62% 74.15% 116.95% 10.98% 10.78% 10.50% 5.77% -15.28% -7.86% -33.49% 21.29% 23.32% 13.83% 21.31% 21.47% 8.49% -12.92% 22.54% 18.90% 23.31% 22.05% 20.11% 21.70%

Based on: 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11), 10-K (filing date: 2014-12-29), 10-Q (filing date: 2014-09-12), 10-Q (filing date: 2014-06-10), 10-Q (filing date: 2014-03-13), 10-K (filing date: 2013-12-20), 10-Q (filing date: 2013-09-13), 10-Q (filing date: 2013-06-07), 10-Q (filing date: 2013-03-14).

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 Q3 2018 to Q4 2018 but then declined significantly from Q4 2018 to Q1 2019.
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 Q3 2018 to Q4 2018 but then declined significantly from Q4 2018 to Q1 2019.
Net income (loss) attributable to common stock 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 common stock as a percentage of net revenue declined from Q3 2018 to Q4 2018 and from Q4 2018 to Q1 2019.