Balance Sheet: Assets

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.

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Broadcom Inc., consolidated balance sheet: assets

US$ in millions

		Nov 3, 2024		Oct 29, 2023		Oct 30, 2022		Oct 31, 2021		Nov 1, 2020		Nov 3, 2019
	Cash and cash equivalents
	Trade accounts receivable, net
	Inventory
	Current portion of contract assets
	Prepaid expenses
	Other
	Other current assets
	Current assets
	Property, plant and equipment, net
	Goodwill
	Intangible assets, net
	Other long-term assets
	Long-term assets
	Total assets

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).

The analysis of the asset data over the reported periods reveals several notable trends and shifts.

Cash and Cash Equivalents: This category showed a general increases from 2019 to 2023, rising from approximately $5.1 billion to $14.2 billion, indicating improving liquidity and cash reserves. However, in 2024, there was a significant decline to around $9.3 billion.
Trade Accounts Receivable, Net: The net trade receivables dropped from about $3.3 billion in 2019 to a low near $2.1 billion in 2021, but then it rebounded in 2022 and continued to increase strongly, reaching $4.4 billion by 2024, suggesting increased sales or extended payment terms in recent years.
Inventory: Inventory values consistently grew from $874 million in 2019 to a peak close to $1.9 billion in 2022 before a slight decrease to $1.76 billion in 2024, reflecting accumulation potentially due to higher demand or supply chain considerations.
Current Portion of Contract Assets: This line item appeared starting 2023 with $499 million and sharply increased to $1.9 billion by 2024, indicating expanded contractual work or changes in revenue recognition.
Prepaid Expenses: Prepaid expenses increased steadily, with a notable sharp rise between 2023 ($743 million) and 2024 ($1.4 billion), which may indicate prepayments for services or goods possibly linked to operational expansions or strategic initiatives.
Other Current Assets: After moderate growth up to 2023 reaching approximately $1.6 billion, other current assets surged to over $4 billion in 2024, signaling possible restructuring in asset composition or accruals changing significantly.
Current Assets: Overall current assets grew from around $9.9 billion in 2019 to a peak near $20.8 billion in 2023, with a slight decline to about $19.6 billion in 2024, reflecting increased liquidity and operational assets before a minor contraction in the latest year.
Property, Plant, and Equipment, Net: This asset category showed a gradual decline from $2.6 billion in 2019 to $2.2 billion in 2022 and 2023, followed by an increase to $2.5 billion in 2024, which may suggest a period of asset disposals or depreciation succeeded by new investments or revaluations.
Goodwill: Goodwill increased steadily from $36.7 billion in 2019 to approximately $43.7 billion through 2023, before a pronounced rise to $97.9 billion in 2024, indicating major acquisitions or substantial adjustments in asset goodwill valuation.
Intangible Assets, Net: Intangible assets decreased significantly from $17.6 billion in 2019 to $3.9 billion in 2023, followed by a strong rebound to $40.6 billion in 2024. This pattern suggests amortization or impairment over several years ended by significant revaluation or acquisition of intangible assets in the latest year.
Other Long-term Assets: There was consistent growth in other long-term assets from $743 million in 2019 to over $5 billion in 2024, reflecting gradual accumulation of long-term investments or deferred charges.
Long-term Assets: Long-term assets fluctuated, peaking near $64 billion in 2020, then declining to about $52 billion in 2023, before surging dramatically to $146 billion in 2024, primarily driven by increased goodwill and intangible assets.
Total Assets: Total assets increased steadily from $67.5 billion in 2019 to nearly $76 billion in 2020, then plateaued and slightly declined to $72.8 billion by 2023. A substantial jump to $165.6 billion in 2024 corresponds to the increases in goodwill and intangible assets, likely reflecting substantial corporate acquisitions or restructuring.

Assets: Selected Items

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Current Assets: Selected Items