Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Broadcom Inc., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Net income 14,082 11,495 6,736 2,960 2,724 12,610
Amortization of intangible and right-of-use assets 3,333 4,455 5,502 6,335 5,239 3,566
Depreciation 502 529 539 570 569 515
Share-based compensation 2,171 1,533 1,704 1,976 2,185 1,227
Deferred taxes and other non-cash taxes (501) (34) (809) (1,142) (934) (8,270)
Impairment on investment 106
Loss on debt extinguishment 100 198 169 28
Non-cash interest expense 132 129 96 108 69 24
Other 9 183 (75) (8) 1 58
Trade accounts receivable, net (187) (870) 210 981 486 (652)
Inventory 27 (627) (294) (31) 250 417
Accounts payable 209 (79) 243 (3) (42) (325)
Employee compensation and benefits (279) 136 186 217 (294) 6
Contributions to defined benefit pension plans (130)
Other current assets and current liabilities (628) 222 (177) 331 (283) 369
Other long-term assets and long-term liabilities (785) (436) (295) (402) (301) (641)
Changes in assets and liabilities, net of acquisitions and disposals (1,643) (1,654) (127) 1,093 (184) (956)
Adjustments to reconcile net income to net cash provided by operating activities 4,003 5,241 7,028 9,101 6,973 (3,730)
Net cash provided by operating activities 18,085 16,736 13,764 12,061 9,697 8,880
Acquisitions of businesses, net of cash acquired (53) (246) (8) (10,872) (16,033) (4,800)
Proceeds from sales of businesses 45 218 957 773
Purchases of property, plant and equipment (452) (424) (443) (463) (432) (635)
Purchases of investments (346) (200) (5) (249)
Sales of investments 228 200 169 5 54
Other (66) 3 (8) 8 86 183
Net cash used in investing activities (689) (667) (245) (11,109) (15,422) (4,674)
Proceeds from long-term borrowings 1,935 9,904 27,802 28,793
Payments on debt obligations (403) (2,361) (11,495) (18,814) (16,800) (973)
Other borrowings, net (1,285) 1,241
Payment of dividends (7,645) (7,032) (6,212) (5,534) (4,235) (2,998)
Repurchases of common stock, repurchase program (5,824) (7,000) (5,435) (7,258)
Shares repurchased for tax withholdings on vesting of equity awards (1,861) (1,455) (1,299) (765) (972) (56)
Issuance of preferred stock, net 3,679
Issuance of common stock 122 114 170 276 253 212
Other (12) (17) (42) (69) (36) (45)
Net cash provided by (used in) financing activities (15,623) (15,816) (8,974) 1,611 6,488 (11,118)
Net change in cash and cash equivalents 1,773 253 4,545 2,563 763 (6,912)
Cash and cash equivalents at beginning of period 12,416 12,163 7,618 5,055 4,292 11,204
Cash and cash equivalents at end of period 14,189 12,416 12,163 7,618 5,055 4,292

Based on: 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), 10-K (reporting date: 2018-11-04).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Broadcom Inc. net cash provided by operating activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Broadcom Inc. net cash used in investing activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Broadcom Inc. net cash provided by (used in) financing activities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.