Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Broadcom Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019	Nov 4, 2018
Accounts payable	1,210)	998)	1,086)	836)	855)	811)
Employee compensation and benefits	935)	1,202)	1,066)	877)	641)	715)
Current portion of long-term debt	1,608)	440)	290)	827)	2,787)	—)
Contract liabilities	2,487)	2,931)	2,619)	2,620)	1,501)	164)
Tax liabilities	473)	680)	541)	440)	229)	162)
Interest payable	380)	393)	282)	—)	—)	—)
Other	312)	408)	397)	771)	886)	486)
Other current liabilities	3,652)	4,412)	3,839)	3,831)	2,616)	812)
Current liabilities	7,405)	7,052)	6,281)	6,371)	6,899)	2,338)
Long-term debt, excluding current portion	37,621)	39,075)	39,440)	40,235)	30,011)	17,493)
Unrecognized tax benefits, interest and penalties	2,792)	3,229)	3,407)	3,185)	3,269)	3,088)
Contract liabilities	299)	410)	566)	823)	307)	—)
Other	756)	774)	887)	1,418)	2,037)	548)
Other long-term liabilities	3,847)	4,413)	4,860)	5,426)	5,613)	3,636)
Long-term liabilities	41,468)	43,488)	44,300)	45,661)	35,624)	21,129)
Total liabilities	48,873)	50,540)	50,581)	52,032)	42,523)	23,467)
Preferred stock dividend obligation	—)	—)	27)	27)	29)	—)
Preferred stock, $0.001 par value; 8.00% Mandatory Convertible Preferred Stock, Series A	—)	—)	—)	—)	—)	—)
Common stock, $0.001 par value	—)	—)	—)	—)	—)	—)
Additional paid-in capital	21,099)	21,159)	24,330)	23,982)	25,081)	23,285)
Retained earnings	2,682)	1,604)	748)	—)	—)	3,487)
Accumulated other comprehensive income (loss)	207)	(54)	(116)	(108)	(140)	(115)
Stockholders’ equity	23,988)	22,709)	24,962)	23,874)	24,941)	26,657)
Total liabilities and equity	72,861)	73,249)	75,570)	75,933)	67,493)	50,124)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Broadcom Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Broadcom Inc. long-term liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Broadcom Inc. total liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Broadcom Inc. stockholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Broadcom Inc. (NASDAQ:AVGO)

Balance Sheet: Liabilities and Stockholders’ Equity