Broadcom Inc. (NASDAQ:AVGO)

The annual financial data reveals several notable trends related to total and adjusted total assets over the periods presented.

Total Assets

The total assets exhibit a generally increasing trajectory with some fluctuations. Beginning at approximately $67.5 billion in late 2019, total assets rose to about $75.9 billion in 2020, indicating growth. However, the subsequent years of 2021 and 2022 show a slight decline, with values around $75.6 billion and $73.2 billion respectively. The reduction continues marginally into 2023, where total assets stand near $72.9 billion. Notably, there is a significant and sharp increase reported in late 2024, where total assets surge to an estimated $165.6 billion, more than doubling from the previous year. This marked increase suggests a major change such as a substantial acquisition, revaluation, or other strategic asset growth event.

Adjusted Total Assets

The trend in adjusted total assets closely mirrors that of total assets for each period, suggesting that the adjustments made do not diverge materially from the reported total assets across the timeline. The values start at approximately $68.1 billion in 2019 and remain relatively stable through 2023, following the same minor fluctuations. The pronounced jump to $165.6 billion in 2024 reinforces the conclusion of a significant shift in asset base at that point in time, potentially due to strategic financial decisions or corporate activities that substantially influence asset valuation or consolidation.

In summary, the data indicate a stable asset base with slight declines from 2020 through 2023, but the extraordinary increase in 2024 signifies an important event or series of events impacting total assets substantially. The alignment between total assets and adjusted total assets confirms consistency in reporting and the adjustments accounted for do not materially alter the overall asset figures across the years observed.

The analysis of the annual financial data reveals significant fluctuations in both total liabilities and adjusted total liabilities over the observed periods.

Total Liabilities

Initially, total liabilities increased from US$42,523 million in 2019 to US$52,032 million in 2020, marking a substantial rise. The following year, there was a slight decline to US$50,581 million in 2021. The figures remained relatively stable in 2022 at US$50,540 million, followed by a moderate decrease to US$48,873 million in 2023. However, in 2024, total liabilities surged dramatically to US$97,967 million, nearly doubling compared to the prior year.

Adjusted Total Liabilities

The trend for adjusted total liabilities closely mirrors that of total liabilities. There was an increase from US$43,064 million in 2019 to US$51,998 million in 2020, followed by a slight decrease to US$50,577 million in 2021. Stability persisted through 2022 at US$50,534 million, with a small decline to US$48,772 million in 2023. The year 2024 saw a marked increase to US$93,145 million, indicating a significant change in the company's adjusted financial obligations.

Overall, the data indicates a period of relative stability in liabilities between 2021 and 2023, preceded by growth in 2020, and succeeded by a pronounced escalation in 2024. This sudden increase in both total and adjusted liabilities in 2024 suggests a considerable shift in the company's financial structure, potentially related to new financing, acquisitions, or changes in accounting policies. Continued monitoring and further analysis would be prudent to understand the implications of this increase on the company’s financial health and risk profile.

Stockholders' Equity

The stockholders' equity demonstrated a fluctuating trend over the analyzed periods. It initially decreased from 24,941 million US dollars in November 2019 to 23,874 million in November 2020. Subsequently, it showed a slight recovery to 24,962 million in October 2021 but again declined to 22,709 million in October 2022. A modest rebound occurred in October 2023, with equity rising to 23,988 million. Notably, by November 2024, stockholders' equity increased significantly to 67,678 million, representing a substantial growth compared to previous years.

Adjusted Stockholders' Equity

Adjusted stockholders' equity followed a similar pattern to the reported equity. It decreased from 26,530 million US dollars in November 2019 to 24,237 million in November 2020, followed by a slight decline and stabilization around the 22,142 to 24,298 million range from October 2021 through October 2023. A marked increase to 72,338 million occurred in November 2024, closely mirroring the uplift seen in the unadjusted equity figure.

Summary of Observations

Both stockholders' equity and adjusted stockholders' equity experienced a period of decline and relative stability between 2019 and 2023, with modest fluctuations around the 22 to 25 billion US dollar range. The sharp increase in both metrics in 2024 suggests a significant event or series of events that substantially enhanced equity levels. This could be attributed to factors such as capital infusion, earnings retention, asset revaluation, mergers, or other comprehensive income components. The consistency between the adjusted and unadjusted figures implies that adjustments made do not drastically alter the equity position, reinforcing confidence in the reported data trends.

The financial data reveals several noteworthy trends over the analyzed periods. Both total reported debt and adjusted total debt exhibit a generally increasing pattern, with a particularly significant rise in the latest period ending November 3, 2024. Specifically, total reported debt escalated sharply from 39,229 million US dollars in 2023 to 67,566 million US dollars in 2024. Similarly, adjusted total debt increased from 39,648 million US dollars to 68,916 million US dollars over the same interval.

In contrast, stockholders’ equity and adjusted stockholders’ equity show more fluctuation but generally remain relatively stable until the 2024 period, where a marked increase occurs. Stockholders’ equity hovered around the 22,709 to 24,988 million US dollar range from 2019 through 2023 but surged notably to 67,678 million US dollars in 2024. Adjusted stockholders’ equity follows a similar pattern, increasing significantly in the latest period after several years of relative constancy.

Total reported capital and adjusted total capital maintain stability with modest fluctuations from 2019 through 2023 but experience a substantial increase in 2024. Total reported capital rose from 63,217 million US dollars in 2023 to 135,244 million US dollars in 2024. Adjusted total capital demonstrated a comparable increase, ending at 141,254 million US dollars in 2024 compared to 62,940 million US dollars the previous year.

Debt Trends

Total and adjusted debt steadily increased over the years, with an exceptional spike observed in the last fiscal year analyzed.

Equity Trends

Stockholders’ equity and adjusted equity remained stable or slightly declined until a sharp rise in 2024, suggesting significant capital restructuring or asset revaluation during this period.

Capital Trends

Total reported capital and adjusted total capital moved consistently with debt and equity figures, highlighting the dramatic increase in the company’s overall capital base in 2024.

The data indicates that the company took on substantially more debt and significantly increased its equity and capital base in the final period analyzed. This could point to a major financing event, acquisition, or capital infusion. Prior to 2024, the financial structure exhibited relative stability with gradual growth in debt and modest fluctuations in equity and capital levels.

The financial data of the company over the six-year period reveals notable variations in both net income and adjusted net income, expressed in millions of US dollars.

Net income

Net income shows a general upward trajectory from 2019 through 2023, starting at 2,724 million and peaking at 14,082 million in 2023, indicating substantial growth over these years. However, there is a significant decline observed in 2024, where net income decreases to 5,895 million, which is less than half of the previous year's figure. This sudden drop could suggest an anomaly or specific circumstances affecting profitability during the latest year.

Adjusted net income

Adjusted net income trends largely mirror those of net income, with figures beginning at 2,011 million in 2019 and reaching their highest value of 13,838 million in 2023. The adjusted net income also experiences a notable downturn in 2024, falling to 8,250 million. Although the decline in adjusted net income is less severe compared to net income, it still reflects a considerable reduction relative to the peak in 2023.

Overall, the data suggests strong growth in profitability over the four-year span from 2019 to 2023, followed by a meaningful decrease in both net income and adjusted net income in the most recent year. The sharper decline in net income relative to adjusted net income in 2024 might indicate increased impact from one-time charges, extraordinary items, or non-recurring expenses during this period.