Broadcom Inc. (AVGO)

Income Statement

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Broadcom Inc., consolidated income statement

US$ in millions

	12 months ended	Nov 4, 2018		Oct 29, 2017		Oct 30, 2016		Nov 1, 2015		Nov 2, 2014		Nov 3, 2013
	Net revenue
	Cost of products sold
	Purchase accounting effect on inventory
	Amortization of acquisition-related intangible assets
	Restructuring charges
	Cost of products sold
	Gross margin
	Research and development
	Selling, general and administrative
	Amortization of acquisition-related intangible assets
	Restructuring, impairment and disposal charges
	Litigation settlements
	Operating expenses
	Operating income (loss)
	Interest expense
	Impairment on investment
	Loss on extinguishment of debt
	Other income
	Interest income
	Other expense
	Other income, net
	Income (loss) from continuing operations before income taxes
	(Provision for) benefit from income taxes
	Income (loss) from continuing operations
	Loss from discontinued operations, net of income taxes
	Net income (loss)
	Net (income) loss attributable to noncontrolling interest
	Net income (loss) attributable to common stock

Based on: 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), 10-K (filing date: 2013-12-20).

Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Broadcom Inc.’s net revenue increased from 2016 to 2017 and from 2017 to 2018.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Broadcom Inc.’s operating income (loss) increased from 2016 to 2017 and from 2017 to 2018.
Income (loss) from continuing operations before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Broadcom Inc.’s income (loss) from continuing operations before income taxes increased from 2016 to 2017 and from 2017 to 2018.
Net income (loss) attributable to common stock	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Broadcom Inc.’s net income (loss) attributable to common stock increased from 2016 to 2017 and from 2017 to 2018.

	Broadcom Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality