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
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 Nov 3, 2019 Aug 4, 2019 May 5, 2019 Feb 3, 2019
Cash and cash equivalents 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 5,055 5,462 5,328 5,093
Trade accounts receivable, net 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 3,259 3,539 3,484 3,677
Inventory 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 1,081 953 944 874 1,091 1,034 1,074
Other current assets 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 1,070 729 806 831 760
Current assets 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 9,917 10,898 10,677 10,604
Property, plant and equipment, net 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 2,565 2,611 2,654 2,684
Goodwill 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 36,714 36,686 36,662 36,647
Intangible assets, net 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 17,554 18,879 20,188 21,493
Other long-term assets 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 1,344 743 693 735 682
Long-term assets 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 57,576 58,869 60,239 61,506
Total assets 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 67,493 69,767 70,916 72,110

Based on: 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), 10-K (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-Q (reporting date: 2019-02-03).


Cash and Cash Equivalents
The cash and cash equivalents show fluctuations over the periods, with a general upward trend from 5,093 million USD in early 2019 to peaks above 14,000 million USD around early 2024. Following this peak, cash balances decline somewhat but remain above 9,000 million USD towards mid-2025, indicating robust liquidity management with periodic accumulation and deployment of cash resources.
Trade Accounts Receivable, Net
The trade receivables demonstrate some volatility, declining steadily from 3,677 million USD in early 2019 to a trough below 2,300 million USD in late 2020, followed by a gradual recovery to peaks exceeding 5,500 million USD in mid-2025. This pattern suggests changes in sales volumes or credit policies, with a notable increase in outstanding receivables in recent quarters, possibly reflecting higher sales or extended credit terms.
Inventory
Inventory levels show moderate growth across the evaluated timeframe, rising from approximately 1,074 million USD in early 2019 to over 2,000 million USD by mid-2025. The steady increase suggests a build-up of stock, which may reflect anticipation of sales growth or changes in supply chain management strategies.
Other Current Assets
Other current assets generally increase, with some pronounced variations; particularly notable is the surge to above 8,400 million USD around early 2024, substantially higher than prior periods. This spike could denote a reclassification of assets or accruals, or other short-term asset growth that later moderates but remains elevated compared to prior years.
Current Assets
Total current assets fluctuate but mostly increase from 10,604 million USD at the start of 2019 to a peak exceeding 27,000 million USD in early 2024, before declining somewhat yet staying above 20,000 million USD later. This trend aligns with the individual components’ behavior, reflecting overall liquidity strength with some concentration in cash and other current assets in recent periods.
Property, Plant and Equipment, Net
Net property, plant, and equipment show a slow but steady decline from 2,684 million USD to about 2,462 million USD over the full period. This trend signals depreciation or asset disposals outweighing new capital investments during these years.
Goodwill
Goodwill remains relatively stable at roughly 36,600 million USD during the initial years, then substantially rises to nearly 97,900 million USD in early 2024 and maintains this elevated level through mid-2025. The marked increase suggests significant acquisitions or asset revaluations occurring around 2023-2024, indicating expansion through strategic investments.
Intangible Assets, Net
Net intangible assets exhibit a gradual decline from about 21,493 million USD in early 2019 to approximately 36,393 million USD by mid-2025, noting an unusual initial decrease followed by a sharp increase coinciding with the goodwill growth. This pattern may be related to revaluation or acquisition-driven adjustments, offsetting amortization expenses over time.
Other Long-term Assets
Other long-term assets increase moderately over time from around 682 million USD to nearly 5,800 million USD, indicating steady accumulation of non-current investments or deferred charges, contributing to the overall growth in long-term asset base.
Long-term Assets
Long-term assets decrease gradually from 61,506 million USD to approximately 52,014 million USD by late 2023, followed by a sharp increase to near 150,000 million USD in early 2024, maintaining near that level through mid-2025. This abrupt rise corresponds with goodwill and intangible asset increases, likely reflecting major acquisitions or reclassification events enhancing the fixed asset base.
Total Assets
Total assets decrease from about 72,110 million USD in early 2019 to roughly 71,595 million USD in late 2023, before surging to nearly 178,000 million USD in early 2024. After this peak, total assets decline gradually to about 164,630 million USD by mid-2025. The pronounced spike aligns with the recorded increases in goodwill and long-term assets, confirming significant expansion through acquisitions or asset revaluations.

Assets: Selected Items


Current Assets: Selected Items