Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

$24.99

Statement of Comprehensive Income

Broadcom Inc., consolidated statement of comprehensive income

US$ in millions

Microsoft Excel
12 months ended: Nov 3, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019
Net income
Change in unrealized gain (loss) on derivative instruments
Change in actuarial gain (loss) and prior service costs associated with defined benefit plans
Other comprehensive income (loss), net of tax
Comprehensive income

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).


Net Income
The net income exhibited a generally increasing trend from 2019 to 2023, rising from $2,724 million in 2019 to a peak of $14,082 million in 2023. However, there was a significant decline in 2024, with net income dropping to $5,895 million. This pattern suggests robust growth for several years followed by a notable downturn in the most recent period.
Change in Unrealized Gain (Loss) on Derivative Instruments
Data for this item begins in 2022 with a gain of $37 million, increasing sharply to $290 million in 2023 before reversing to a small loss of $1 million in 2024. This indicates increased volatility in derivative instruments gains or losses in recent years.
Change in Actuarial Gain (Loss) and Prior Service Costs Associated with Defined Benefit Plans
This line item displays fluctuations over the periods with alternating positive and negative values. The amounts are generally small in magnitude relative to net income, indicating modest impacts from defined benefit plan adjustments without a clear trend.
Other Comprehensive Income (Loss), Net of Tax
Other comprehensive income reflects variability and an upward movement from 2019 to 2023, starting at a loss of $24 million in 2019, moving to positive territory with $62 million in 2022, and peaking at $261 million in 2023. The 2024 figure is missing, preventing full trend analysis for the last period.
Comprehensive Income
Comprehensive income closely follows the pattern of net income with growth from $2,700 million in 2019 to $14,343 million in 2023, followed by a decline to $5,895 million in 2024. The sharp increase correlates with the rise in other comprehensive income noted in recent years, especially 2023.