Stock Analysis on Net
Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Cash Flow Statement
Quarterly Data

Beginner level

The cash flow statement provides information about a company’s 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’s 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 (quarterly data)

US$ in millions

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3 months ended: Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019 Feb 3, 2019 Nov 4, 2018 Aug 5, 2018 May 6, 2018 Feb 4, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Nov 1, 2015 Aug 2, 2015 May 3, 2015 Feb 1, 2015 Nov 2, 2014 Aug 3, 2014 May 4, 2014 Feb 2, 2014
Net income (loss) 688  563  385  847  715  691  471  1,115  1,196  3,733  6,566  561  507  464  252  (668) (315) (1,255) 377  429  240  344  351  135  (164) 158  134 
Amortization of intangible and right-of-use assets 1,581  1,583  1,582  1,309  1,309  1,305  1,316  836  836  836  1,058  1,219  1,211  1,193  1,114  700  1,058  1,040  244  250  256  230  226  250  257  61  57 
Depreciation 138  147  146  143  141  142  143  132  129  128  126  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Share-based compensation 465  517  545  544  632  544  465  317  315  296  299  252  251  216  202  205  219  198  57  63  63  57  49  54  55  30  24 
Excess tax benefits from share-based compensation —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (21) (10) (35) (23) (23) (32) (50) (20) (39) 11  (8) (3)
Deferred taxes and other non-cash taxes (436) (175) (72) (226) (235) (94) (379) 242  22  (2,702) (5,832) (74) 12  (86) (25) 718  (181) (164) (8) (185) (33) (6) (72) (18) (2) — 
Impairment on investment —  —  —  —  —  —  —  106  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Loss on debt extinguishment 55  98  —  —  —  —  —  —  —  —  —  —  —  159  49  21  30  —  —  (3) 13  —  —  —  —  — 
Non-cash restructuring, impairment and disposal charges 15  11  20  15  92  17  14  23  17  394  224  22  22  70  —  —  —  — 
Non-cash interest expense 22  26  35  40  23  14  13  10  13  —  — 
Other (54) (8) 19  (44) (21) (39) (21) 15  14  13  (18) (36) 22  36  —  (8) (26) 10  —  (3)
Trade accounts receivable, net 542  440  (392) 285  (60) 193  68  (312) (262) (277) 199  (31) (344) (126) 234  —  (322) (128) (41) (209) (2) (40) 64  (180) 11  95 
Inventory (128) (10) 40  217  (57) 40  50  92  19  56  250  (16) (119) 31  65  (92) 168  886  34  (1) 20  10  33  (6) 215  (15) (1)
Accounts payable (123) 233  117  (147) 244  30  (169) 28  (41) 91  (403) (63) 217  (114) (137) 94  156  (149) (68) 81  (29) 55  (78) 52  (23) (24)
Employee compensation and benefits 231  61  (217) 66  104  (6) (458) 93  205  84  (376) 80  82  128  (181) 93  121  98  (149) 20  29  49  (90) 30  27  (39)
Contributions to defined benefit pension plans —  —  —  —  —  —  —  —  (1) —  (129) (345) (5) (5) (6) —  —  —  —  —  —  —  —  —  —  —  — 
Other current assets and current liabilities (2) 118  346  (398) (354) (37) 506  163  (148) 70  284  80  (179) (154) (237) (60) (124) 70  16  37  (7) 27  (45) 230  30  (3)
Other long-term assets and long-term liabilities 184  (386) (223) (177) (37) (122) 35  (206) (37) (27) (371) 258  (9) (94) (73) (26) (26) 78  12  (43) (7) (35) (107) (16) (8)
Changes in assets and liabilities, net of acquisitions and disposals 704  456  (329) (154) (160) 98  32  (142) (265) (3) (546) (37) (357) (236) (356) (38) (27) 751  (203) 23  58  (123) 63  156  12  20 
Adjustments to reconcile net income (loss) to net cash provided by operating activities 2,490  2,650  1,937  1,632  1,704  1,976  1,661  1,520  1,051  (1,420) (4,881) 1,398  1,149  1,119  1,101  2,020  1,278  1,877  97  153  352  319  130  246  478  93  95 
Net cash provided by operating activities 3,178  3,213  2,322  2,479  2,419  2,667  2,132  2,635  2,247  2,313  1,685  1,959  1,656  1,583  1,353  1,352  963  622  474  582  592  663  481  381  314  251  229 
Acquisitions of businesses, net of cash acquired (2) —  (10,870) —  (6) —  (16,027) (7) (7) —  (4,786) —  (3) (37) —  —  (20) (10,023) (12) —  (394) —  —  (317) (5,644) —  — 
Proceeds from sales of businesses 50  168  —  —  —  —  957  (9) —  —  782  —  —  —  10  200  630  —  68  —  —  —  650  450  —  —  — 
Purchases of property, plant and equipment (105) (148) (108) (96) (112) (125) (99) (106) (120) (189) (220) (233) (255) (256) (325) (193) (232) (158) (140) (106) (148) (177) (162) (189) (95) (73) (52)
Proceeds from disposals of property, plant and equipment 10  —  —  82  —  —  —  237  440  —  —  —  —  —  47  —  37  26  —  —  —  — 
Purchases of investments —  —  —  —  —  (5) —  —  —  (5) (244) (7) —  (200) —  —  (58) (1) (5) —  (9) —  —  —  —  — 
Proceeds from sales of investments —  —  —  —  —  —  —  54  —  200  —  —  —  15  57  32  —  —  —  —  —  21  —  14  — 
Other (9) (1) 21  (24) (47) (16) (4) (1) —  (4) (15) —  —  —  —  —  —  —  —  —  — 
Net cash (used in) provided by investing activities (46) 24  (10,987) (88) (35) (106) (15,193) (118) (174) (155) (4,227) 396  (258) (493) (319) 26  426  (10,207) (85) (64) (542) (149) 514  (35) (5,739) (59) (52)
Proceeds from long-term borrowings 7,953  4,468  15,381  —  —  10,897  17,896  —  —  —  —  3,876  —  —  13,550  3,584  —  15,926  —  —  —  —  —  —  4,600  —  — 
Proceeds from issuance of convertible senior notes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  1,000  —  — 
Repayment of debt (6,825) (4,452) (4,537) (4,800) —  (12,000) —  (117) —  —  (856) —  —  —  (13,668) (3,697) (1,306) (4,828) (11) (12) (1,010) (605) (12) (12) —  —  — 
Payment of assumed debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (1,475) —  —  (178) —  —  —  —  —  — 
Other borrowings, net (3,028) 1,025  718  (104) (230) 1,044  531  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Payment of dividends (1,386) (1,381) (1,372) (1,054) (1,057) (1,057) (1,067) (723) (754) (766) (755) (439) (438) (437) (431) (213) (211) (204) (122) (116) (104) (99) (89) (81) (73) (68) (62)
Repurchases of common stock, repurchase program —  —  —  (433) (736) (830) (3,436) (1,533) (5,378) (347) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (12)
Shares repurchased for tax withholdings on vesting of equity awards (192) (219) (169) (154) (241) (500) (77) (21) (33) (2) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Issuance of preferred stock, net —  —  —  3,679  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Issuance of common stock 46  91  37  59  11  121  62  59  39  80  34  66  41  89  61  78  38  107  72  55  56  79  51  38  33  34  19 
Excess tax benefits from share-based compensation —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  21  10  35  23  23  32  50  20  39  (11)
Other (50) (6) (4) (1) (47) (26) (12) (9) 97  (6) (24) (107) (15) —  (104) (4) —  —  —  —  (3) (125) — 
Net cash provided by (used in) financing activities (3,482) (474) 10,054  (2,798) (2,250) (2,326) 13,862  (2,361) (6,124) (1,047) (1,586) 3,600  (403) (372) (595) (242) (1,469) 9,457  (42) (50) (1,204) (575) (30) (19) 5,424  (26) (50)
Net change in cash and cash equivalents (350) 2,763  1,389  (407) 134  235  801  156  (4,051) 1,111  (4,128) 5,955  995  718  439  1,136  (80) (128) 347  468  (1,154) (61) 965  327  (1) 166  127 

Based on: 10-Q (filing date: 2020-09-11), 10-Q (filing date: 2020-06-12), 10-Q (filing date: 2020-03-13), 10-K (filing date: 2019-12-20), 10-Q (filing date: 2019-09-13), 10-Q (filing date: 2019-06-14), 10-Q (filing date: 2019-03-15), 10-K (filing date: 2018-12-21), 10-Q (filing date: 2018-09-13), 10-Q (filing date: 2018-06-14), 10-Q (filing date: 2018-03-15), 10-K (filing date: 2017-12-21), 10-Q (filing date: 2017-09-07), 10-Q (filing date: 2017-06-08), 10-Q (filing date: 2017-03-09), 10-K (filing date: 2016-12-23), 10-Q (filing date: 2016-09-08), 10-Q (filing date: 2016-06-09), 10-Q (filing date: 2016-03-10), 10-K (filing date: 2015-12-17), 10-Q (filing date: 2015-09-10), 10-Q (filing date: 2015-06-10), 10-Q (filing date: 2015-03-11), 10-K (filing date: 2014-12-29), 10-Q (filing date: 2014-09-12), 10-Q (filing date: 2014-06-10), 10-Q (filing date: 2014-03-13).

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.’s net cash provided by operating activities increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
Net cash (used in) provided by 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.’s net cash (used in) provided by investing activities increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
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.’s net cash provided by (used in) financing activities decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.