Stock Analysis on Net
Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Broadcom Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Nov 3, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019
Accounts payable 1.00 1.66 1.36 1.44 1.10 1.27
Employee compensation and benefits 1.19 1.28 1.64 1.41 1.15 0.95
Current portion of long-term debt 0.77 2.21 0.60 0.38 1.09 4.13
Contract liabilities 5.67 3.41 4.00 3.47 3.45 2.22
Tax liabilities 0.43 0.65 0.93 0.72 0.58 0.34
Interest payable 0.32 0.52 0.54 0.37 0.00 0.00
Other 0.69 0.43 0.56 0.53 1.02 1.31
Other current liabilities 7.12% 5.01% 6.02% 5.08% 5.05% 3.88%
Current liabilities 10.08% 10.16% 9.63% 8.31% 8.39% 10.22%
Long-term debt, excluding current portion 40.02 51.63 53.35 52.19 52.99 44.47
Contract liabilities 3.08 0.41 0.56 0.75 1.08 0.45
Deferred tax liabilities 2.84 0.14 0.00 0.00 0.00 0.00
Unrecognized tax benefits, interest and penalties 2.21 3.83 4.41 4.51 4.19 4.84
Other 0.91 0.90 1.06 1.17 1.87 3.02
Other long-term liabilities 9.04% 5.28% 6.02% 6.43% 7.15% 8.32%
Long-term liabilities 49.06% 56.91% 59.37% 58.62% 60.13% 52.78%
Total liabilities 59.14% 67.08% 69.00% 66.93% 68.52% 63.00%
Preferred stock dividend obligation 0.00 0.00 0.00 0.04 0.04 0.04
Preferred stock, $0.001 par value; none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.001 par value 0.00 0.01 0.00 0.00 0.00 0.00
Additional paid-in capital 40.73 28.95 28.89 32.20 31.58 37.16
Retained earnings 0.00 3.68 2.19 0.99 0.00 0.00
Accumulated other comprehensive income (loss) 0.12 0.28 -0.07 -0.15 -0.14 -0.21
Stockholders’ equity 40.86% 32.92% 31.00% 33.03% 31.44% 36.95%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03).

Accounts payable
The proportion of accounts payable to total liabilities and equity exhibited fluctuations over the periods, initially decreasing from 1.27% in 2019 to a low of 1.1% in 2020, then rising to 1.66% in 2023 before declining significantly to 1.0% in 2024.
Employee compensation and benefits
This item showed an overall increasing trend from 0.95% in 2019, peaking at 1.64% in 2022, followed by a decline to 1.19% in 2024, indicating some volatility in employee-related expenses or accruals relative to total liabilities and equity.
Current portion of long-term debt
The ratio dropped notably from 4.13% in 2019 to 0.38% in 2021, increased again to 2.21% in 2023, and then decreased sharply to 0.77% in 2024. This pattern suggests variability in short-term debt obligations within the company's current liabilities.
Contract liabilities (current)
Current contract liabilities rose steadily from 2.22% in 2019 to 4.0% in 2022, dipped to 3.41% in 2023, then sharply increased to 5.67% in 2024, indicating growing deferred revenue or similar liabilities.
Tax liabilities
Tax liabilities increased consistently from 0.34% in 2019 to 0.93% in 2022, followed by a decline to 0.43% in 2024, pointing to changes in tax obligations over the years.
Interest payable
Interest payable was not reported until 2021, starting at 0.37%, followed by a slight increase to 0.54% in 2022 and then a decreasing trend to 0.32% by 2024, reflecting shifting short-term interest obligations.
Other current liabilities
These have increased from 3.88% in 2019 to 6.02% in 2022, dipped to 5.01% in 2023, then rose further to 7.12% in 2024, signaling growing miscellaneous current liabilities within the total balance.
Current liabilities (total)
The aggregate current liabilities ratio decreased from 10.22% in 2019 to 8.31% in 2021, then climbed to 10.16% by 2023 and stabilized around 10.08% in 2024, indicating relative stability in short-term obligations as a portion of total liabilities and equity.
Long-term debt, excluding current portion
Long-term debt as a percentage of total liabilities and equity increased notably from 44.47% in 2019 to a peak of 53.35% in 2022, then declined sharply to 40.02% in 2024, reflecting a significant reduction in long-term borrowings or restructuring of debt profile.
Contract liabilities (long-term)
Long-term contract liabilities increased from 0.45% in 2019 to 1.08% in 2020, then declined to 0.41% in 2023 before rising sharply to 3.08% in 2024, suggesting variability in deferred revenue recognized over longer periods.
Deferred tax liabilities
Not reported until 2023 at 0.14%, this item increased substantially to 2.84% in 2024, indicating an emerging or growing deferred tax obligation within long-term liabilities.
Unrecognized tax benefits, interest and penalties
This liability decreased over the periods from 4.84% in 2019 to 2.21% in 2024, suggesting a reduction in tax contingencies or adjustments relating to uncertain tax positions.
Other long-term liabilities
These liabilities declined steadily from 8.32% in 2019 to 5.28% in 2023, before increasing sharply to 9.04% in 2024, signaling fluctuating miscellaneous obligations within non-current liabilities.
Total long-term liabilities
Total long-term liabilities increased from 52.78% in 2019 to a peak of 60.13% in 2020, then gradually decreased to 49.06% in 2024, reflecting an overall contraction in the long-term liability base relative to total financing.
Total liabilities
Total liabilities as a proportion of total liabilities and equity rose from 63.0% in 2019 to 69.0% in 2022, then declined to 59.14% in 2024, showing an overall reduction in total liabilities relative to equity in the most recent period.
Common stock and additional paid-in capital
Common stock was nominal and decreased slightly in 2024. Additional paid-in capital declined from 37.16% in 2019 to 28.89% in 2022, followed by a rebound to 40.73% in 2024, indicating fluctuations in equity capital contributions or valuation adjustments.
Retained earnings
Retained earnings were first recorded at 0.99% in 2021 and increased steadily to 3.68% in 2023, highlighting accumulation of profits over time contributing to shareholder equity.
Accumulated other comprehensive income (loss)
This metric improved from a negative of 0.21% in 2019 to a positive of 0.12% in 2024, reflecting favorable changes in comprehensive income elements such as foreign currency translation or unrealized gains/losses.
Stockholders’ equity
Stockholders’ equity decreased from 36.95% in 2019 to a low of 31.0% in 2022, then recovered to 40.86% in 2024, suggesting a strengthening equity position in the later years.
Overall composition
The company's financing structure shifted over the years, with total liabilities peaking around 2022 and declining by 2024, while equity showed a corresponding recovery. Long-term debt decreased significantly in the latest period, while contract liabilities and deferred tax liabilities displayed notable increases. These trends indicate dynamic adjustments in the capital and liability structure, likely reflecting strategic financing decisions and operational developments.