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

Broadcom Inc. (NASDAQ:AVGO)

Adjustments to Financial Statements

Advanced level

Adjustments to Current Assets

Broadcom Inc., adjusted current assets

US$ in millions

Microsoft Excel LibreOffice Calc
Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015 Nov 2, 2014
As Reported
Current assets 9,917  9,107  15,823  7,125  3,775  3,835 
Adjustments
Add: Allowances for doubtful accounts —  —  — 
Less: Current deferred income tax assets (in Other current assets)1 —  —  —  —  116  69 
After Adjustment
Adjusted current assets 9,917  9,107  15,823  7,134  3,662  3,768 

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).

1 Current deferred income tax assets (in Other current assets). See details »


Adjustments to Total Assets

Broadcom Inc., adjusted total assets

US$ in millions

Microsoft Excel LibreOffice Calc
Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015 Nov 2, 2014
As Reported
Total assets 67,493  50,124  54,418  49,966  10,592  10,491 
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 649  512  591  410  140  112 
Add: Allowances for doubtful accounts —  —  — 
Less: Current deferred income tax assets (in Other current assets)2 —  —  —  —  116  69 
Less: Non-current deferred income tax assets (in Other long-term assets)3 50  284  21  308  208 
After Adjustment
Adjusted total assets 68,092  50,352  54,988  50,077  10,411  10,527 

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).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Current deferred income tax assets (in Other current assets). See details »

3 Non-current deferred income tax assets (in Other long-term assets). See details »


Adjustments to Current Liabilities

Broadcom Inc., adjusted current liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015 Nov 2, 2014
As Reported
Current liabilities 6,899  2,338  2,529  3,078  1,119  1,016 
Adjustments
Less: Current deferred income tax liabilities (in Other current liabilities)1 —  —  —  —  — 
After Adjustment
Adjusted current liabilities 6,899  2,338  2,529  3,078  1,119  1,015 

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).

1 Current deferred income tax liabilities (in Other current liabilities). See details »


Adjustments to Total Liabilities

Broadcom Inc., adjusted total liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015 Nov 2, 2014
As Reported
Total liabilities 42,523  23,467  31,232  28,090  5,878  7,248 
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1 649  512  591  410  140  112 
Less: Current deferred income tax liabilities (in Other current liabilities)2 —  —  —  —  — 
Less: Non-current deferred income tax liabilities (in Other long-term liabilities)3 1,531  169  10,019  10,287  74 
Less: Restructuring liabilities 108  22  45  151  26  40 
After Adjustment
Adjusted total liabilities 41,533  23,788  21,759  18,062  5,983  7,245 

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current deferred income tax liabilities (in Other current liabilities). See details »

3 Non-current deferred income tax liabilities (in Other long-term liabilities). See details »


Adjustments to Stockholders’ Equity

Broadcom Inc., adjusted total Broadcom Inc. stockholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015 Nov 2, 2014
As Reported
Total Broadcom Inc. stockholders’ equity 24,941  26,657  20,285  18,892  4,714  3,243 
Adjustments
Less: Net deferred income tax assets (liabilities)1 (1,481) 115  (9,998) (9,979) 315 
Add: Allowances for doubtful accounts —  —  — 
Add: Restructuring liabilities 108  22  45  151  26  40 
Add: Noncontrolling interest —  —  2,901  2,984  —  — 
After Adjustment
Adjusted total equity 26,530  26,564  33,229  32,015  4,428  3,282 

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).

1 Net deferred income tax assets (liabilities). See details »


Adjustments to Capitalization Table

Broadcom Inc., adjusted capitalization table

US$ in millions

Microsoft Excel LibreOffice Calc
Nov 3, 2019 Nov 4, 2018 Oct 29, 2017 Oct 30, 2016 Nov 1, 2015 Nov 2, 2014
As Reported
Current portion of long-term debt 2,787  —  117  454  46  46 
Long-term debt, excluding current portion 30,011  17,493  17,431  13,188  3,903  4,543 
Convertible notes payable to related party, non-current —  —  —  —  —  920 
Total reported debt 32,798  17,493  17,548  13,642  3,949  5,509 
Total Broadcom Inc. stockholders’ equity 24,941  26,657  20,285  18,892  4,714  3,243 
Total reported capital 57,739  44,150  37,833  32,534  8,663  8,752 
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1 649  512  591  410  140  112 
Adjusted total debt 33,447  18,005  18,139  14,052  4,089  5,621 
Adjustments to Equity
Less: Net deferred income tax assets (liabilities)2 (1,481) 115  (9,998) (9,979) 315 
Add: Allowances for doubtful accounts —  —  — 
Add: Restructuring liabilities 108  22  45  151  26  40 
Add: Noncontrolling interest —  —  2,901  2,984  —  — 
Adjusted total equity 26,530  26,564  33,229  32,015  4,428  3,282 
After Adjustment
Adjusted total capital 59,977  44,569  51,368  46,067  8,517  8,903 

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Net deferred income tax assets (liabilities). See details »


Adjustments to Reported Income

Broadcom Inc., adjusted net income (loss) attributable to Broadcom Inc. stockholders

US$ in millions

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
As Reported
Net income (loss) attributable to Broadcom Inc. stockholders 2,724  12,259  1,692  (1,739) 1,364  263 
Adjustments
Add: Deferred income tax expense (benefit)1 (787) (8,548) (235) 418  (220) (92)
Add: Increase (decrease) in allowances for doubtful accounts —  —  (9)
Add: Increase (decrease) in restructuring liabilities 86  (23) (106) 125  (14) 40 
Less: Loss from discontinued operations, net of income taxes (12) (19) (6) (112) (27) (46)
Add: Other comprehensive income (loss), net of tax (24) (8) 43  (61) (23) (44)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest —  351  92  (122) —  — 
After Adjustment
Adjusted net income (loss) 2,011  4,050  1,483  (1,261) 1,135  214 

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).

1 Deferred income tax expense (benefit). See details »