Stock Analysis on Net
Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Common-Size Income Statement

Broadcom Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019 Nov 4, 2018
Products 77.87 79.14 76.09 72.99 80.17 94.75
Subscriptions and services 22.13 20.86 23.91 27.01 19.83 5.25
Net revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products sold -24.11 -22.98 -23.88 -24.67 -27.47 -33.21
Cost of subscriptions and services -1.78 -1.89 -2.21 -2.62 -2.28 -0.47
Purchase accounting effect on inventory 0.00 0.00 0.00 0.00 0.00 -0.34
Amortization of acquisition-related intangible assets -5.17 -8.57 -12.48 -15.99 -14.67 -14.41
Restructuring charges -0.01 -0.02 -0.06 -0.15 -0.34 -0.10
Cost of revenue -31.07% -33.45% -38.64% -43.42% -44.76% -48.52%
Gross margin 68.93% 66.55% 61.36% 56.58% 55.24% 51.48%
Research and development -14.67 -14.81 -17.68 -20.80 -20.78 -18.07
Selling, general and administrative -4.44 -4.16 -4.91 -8.10 -7.56 -5.07
Amortization of acquisition-related intangible assets -3.89 -4.55 -7.20 -10.05 -8.40 -2.59
Restructuring and other charges -0.68 -0.17 -0.54 -0.83 -3.26 -1.05
Litigation settlements 0.00 0.00 0.00 0.00 0.00 -0.07
Operating expenses -23.68% -23.70% -30.33% -39.78% -40.00% -26.85%
Operating income 45.25% 42.84% 31.03% 16.80% 15.24% 24.63%
Interest expense -4.53 -5.23 -6.87 -7.44 -6.39 -3.01
Impairment on investment 0.00 0.00 0.00 0.00 0.00 -0.51
Interest income 1.49 0.30 0.06 0.22 0.43 0.55
Other income 0.04 0.09 0.09 0.23 0.08 0.13
Gain (loss) on investments 0.03 -0.51 0.36 0.13 0.64 0.01
Other expense -0.14 -0.05 -0.04 -0.21 -0.15 0.00
Gain from lapse of indemnification 0.00 0.00 0.00 0.49 0.00 0.00
Other income (expense), net 1.43% -0.16% 0.48% 0.86% 1.00% 0.69%
Income from continuing operations before income taxes 42.15% 37.45% 24.64% 10.23% 9.85% 21.80%
(Provision for) benefit from income taxes -2.83 -2.83 -0.11 2.17 2.26 38.78
Income from continuing operations 39.31% 34.62% 24.54% 12.40% 12.11% 60.58%
Loss from discontinued operations, net of income taxes 0.00 0.00 0.00 0.00 -0.05 -0.09
Net income 39.31% 34.62% 24.54% 12.39% 12.05% 60.49%
Net income attributable to noncontrolling interest 0.00 0.00 0.00 0.00 0.00 -1.68
Net income attributable to Broadcom Inc. stockholders 39.31% 34.62% 24.54% 12.39% 12.05% 58.80%
Dividends on preferred stock 0.00 -0.82 -1.09 -1.24 -0.13 0.00
Net income attributable to common stock 39.31% 33.80% 23.45% 11.15% 11.93% 58.80%

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).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Broadcom Inc. operating income as a percentage of net revenue increased from 2021 to 2022 and from 2022 to 2023.
Income 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. income from continuing operations before income taxes as a percentage of net revenue increased from 2021 to 2022 and from 2022 to 2023.
Net income attributable to Broadcom Inc. stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Broadcom Inc. net income attributable to Broadcom Inc. stockholders as a percentage of net revenue increased from 2021 to 2022 and from 2022 to 2023.