Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Balance Sheet: Assets 
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Broadcom Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Nov 2, 2025 Aug 3, 2025 May 4, 2025 Feb 2, 2025 Nov 3, 2024 Aug 4, 2024 May 5, 2024 Feb 4, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020
Cash and cash equivalents 16,178 10,718 9,472 9,307 9,348 9,952 9,809 11,864 14,189 12,055 11,553 12,647 12,416 9,977 9,005 10,219 12,163 11,105 9,518 9,552 7,618 8,857 9,207 6,444
Trade accounts receivable, net 7,145 6,494 5,563 4,955 4,416 4,665 5,500 4,969 3,154 2,914 3,031 3,234 2,958 2,708 3,083 2,539 2,071 2,234 2,425 2,524 2,297 2,684 3,211 3,651
Inventory 2,270 2,180 2,017 1,908 1,760 1,894 1,842 1,920 1,898 1,842 1,886 1,899 1,925 1,838 1,668 1,520 1,297 1,160 1,004 952 1,003 1,081 953 944
Other current assets 5,980 5,606 5,129 4,820 4,071 3,436 8,151 8,439 1,606 1,522 1,401 1,056 1,205 1,038 1,054 1,063 1,055 1,137 1,298 1,272 977 1,059 851 1,070
Current assets 31,573 24,998 22,181 20,990 19,595 19,947 25,302 27,192 20,847 18,333 17,871 18,836 18,504 15,561 14,810 15,341 16,586 15,636 14,245 14,300 11,895 13,681 14,222 12,109
Property, plant and equipment, net 2,530 2,451 2,462 2,465 2,521 2,602 2,668 2,662 2,154 2,180 2,209 2,201 2,223 2,250 2,262 2,303 2,348 2,370 2,416 2,496 2,509 2,567 2,618 2,616
Goodwill 97,801 97,801 97,801 97,871 97,873 97,873 97,873 97,586 43,653 43,619 43,614 43,614 43,614 43,608 43,603 43,450 43,450 43,457 43,457 43,457 43,447 43,447 43,457 43,472
Intangible assets, net 32,273 34,344 36,393 38,583 40,583 43,034 45,407 47,185 3,867 4,654 5,434 6,225 7,111 8,174 9,241 10,244 11,374 12,719 14,068 15,419 16,782 18,357 19,909 21,465
Other long-term assets 6,915 6,027 5,793 5,449 5,073 4,510 3,961 3,245 2,340 2,809 2,539 2,100 1,797 1,733 1,803 1,886 1,812 1,698 1,338 1,300 1,300 1,246 1,342 1,344
Long-term assets 139,519 140,623 142,449 144,368 146,050 148,019 149,909 150,678 52,014 53,262 53,796 54,140 54,745 55,765 56,909 57,883 58,984 60,244 61,279 62,672 64,038 65,617 67,326 68,897
Total assets 171,092 165,621 164,630 165,358 165,645 167,966 175,211 177,870 72,861 71,595 71,667 72,976 73,249 71,326 71,719 73,224 75,570 75,880 75,524 76,972 75,933 79,298 81,548 81,006

Based on: 10-K (reporting date: 2025-11-02), 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-Q (reporting date: 2025-02-02), 10-K (reporting date: 2024-11-03), 10-Q (reporting date: 2024-08-04), 10-Q (reporting date: 2024-05-05), 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02).


The analysis of the financial data reveals several observable trends over the examined periods. The company's liquidity position, as indicated by cash and cash equivalents, exhibits fluctuations with a general upward progression from early 2020 through 2024, culminating in a notable increase reaching over US$16 billion by late 2025. Trade accounts receivable demonstrate variability, initially decreasing throughout 2020, then growing substantially beginning around early 2024 and continuing through 2025, which could indicate higher credit sales or collection delays.

Inventory levels show a gradual increase over the years, reflecting possible inventory buildup or expansion in operations. Other current assets display a significant surge beginning early 2024, more than doubling compared to prior periods, which suggests possible changes in asset composition or timing of recognition. Correspondingly, total current assets mirror these trends, with steady growth peaking near US$31.5 billion by late 2025, indicating a stronger short-term asset base.

On the fixed asset front, the net value of property, plant, and equipment exhibits a slight declining trend initially, followed by stabilization and a moderate increase starting 2024, though remaining relatively stable overall. Goodwill remains essentially constant around US$43 billion until early 2024, where it nearly doubles to above US$97 billion, maintaining that elevated level through 2025. Intangible assets, however, steadily decrease from over US$21 billion in 2020 to just above US$3 billion by late 2025, suggesting amortization or disposals over time.

Other long-term assets increase moderately in the early years and then more markedly from 2024 onward, reaching close to US$7 billion, which aligns with the growth observed in long-term assets overall. The long-term asset base decreases slightly over the first few years but then experiences a substantial jump commencing in 2024, tripling in magnitude to approximately US$150 billion, reflecting major changes in the asset structure or acquisitions.

Total assets reflect the combination of these movements, exhibiting a decline from early 2020 to early 2023, followed by a pronounced increase beginning in 2024 and continuing robustly into 2025, ultimately almost doubling the asset base compared to earlier periods. This pattern suggests significant expansion activities, restructuring, or large-scale investments occurring around 2024 that dramatically impact the company's asset profile.

Liquidity and Current Assets
Cash and cash equivalents show a general increasing trend with some volatility, rising markedly toward the end of the period.
Trade receivables decrease initially, then increase significantly in later periods, indicating changes in sales or collection patterns.
Inventory levels gradually increase, suggesting inventory buildup or expanded operations.
Other current assets surge notably starting 2024, contributing to a larger current asset total.
Fixed and Long-term Assets
Property, plant, and equipment demonstrate mild fluctuations without strong upward or downward trends.
Goodwill remains stable until early 2024 when it nearly doubles, indicating major acquisitions or goodwill revaluation.
Intangible assets consistently decline, implying amortization or asset disposals.
Other long-term assets increase steadily, with accelerated growth from 2024 onwards.
The total long-term asset base drops slightly during 2020–2023, then dramatically increases from 2024 forward.
Total Assets
Total assets decrease gradually through early 2023 before experiencing a sharp and significant increase starting in 2024, reflecting major changes in asset holdings and possible corporate actions such as acquisitions or restructurings.

Assets: Selected Items


Current Assets: Selected Items