Broadcom Inc. Files 10-Q for Period Ending May 5, 2024

TL;DR

Broadcom's Q2 2024 10-Q is in. Check financials for product & services segments.

AI Summary

Broadcom Inc. filed its 10-Q for the period ending May 5, 2024, reporting on its financial performance. The company's fiscal year ends on November 3rd. Key financial data and segment information for product and subscriptions & services are detailed within this filing.

Why It Matters

This filing provides investors and analysts with crucial financial details about Broadcom's performance, enabling informed investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.

Key Players & Entities

• Broadcom Inc. (company) — Filer of the 10-Q
• May 5, 2024 (date) — End of reporting period
• November 3 (date) — Fiscal year end

FAQ

Key Financial Figures

• $0.001 — ange on Which Registered Common Stock, $0.001 par value AVGO The NASDAQ Global Select

Filing Documents

• avgo-20240505.htm (10-Q) — 1823KB
• ex31105052024.htm (EX-31.1) — 10KB
• ex31205052024.htm (EX-31.2) — 10KB
• ex32105052024.htm (EX-32.1) — 5KB
• ex32205052024.htm (EX-32.2) — 5KB
• 0001730168-24-000080.txt ( ) — 9289KB
• avgo-20240505.xsd (EX-101.SCH) — 62KB
• avgo-20240505_cal.xml (EX-101.CAL) — 81KB
• avgo-20240505_def.xml (EX-101.DEF) — 304KB
• avgo-20240505_lab.xml (EX-101.LAB) — 677KB
• avgo-20240505_pre.xml (EX-101.PRE) — 494KB
• avgo-20240505_htm.xml (XML) — 1594KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION 1

Condensed Consolidated Financial Statements — Unaudited

Item 1. Condensed Consolidated Financial Statements — Unaudited 1

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 28

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 36

Controls and Procedures

Item 4. Controls and Procedures 37

— OTHER INFORMATION

PART II — OTHER INFORMATION 37

Legal Proceedings

Item 1. Legal Proceedings 37

Risk Factors

Item 1A. Risk Factors 37

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 58

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 58

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 58

Other Information

Item 5. Other Information 58

Exhibits

Item 6. Exhibits 59

SIGNATURES

SIGNATURES 60 Table of Contents

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Condensed Consolidated Financial Statements — Unaudited

Item 1. Condensed Consolidated Financial Statements — Unaudited BROADCOM INC. INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — UNAUDITED Page Condensed Consolidated Balance Sheets — Unaudited 2 Condensed Consolidated Statements of Operations - Unaudited 3 Condensed Consolidated Statements of Comprehensive Income — Unaudited 4 Condensed Consolidated Statements of Cash Flows — Unaudited 5 Condensed Consolidated Statements of Stockholders' Equity — Unaudited 6 Notes to Unaudited Condensed Consolidated Financial Statements 8 1 Table of Contents BROADCOM INC. CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED May 5, 2024 October 29, 2023 (In millions, except par value) ASSETS Current assets: Cash and cash equivalents $ 9,809 $ 14,189 Trade accounts receivable, net 5,500 3,154 Inventory 1,842 1,898 Other current assets 8,151 1,606 Total current assets 25,302 20,847 Long-term assets: Property, plant and equipment, net 2,668 2,154 Goodwill 97,873 43,653 Intangible assets, net 45,407 3,867 Other long-term assets 3,961 2,340 Total assets $ 175,211 $ 72,861 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 1,441 $ 1,210 Employee compensation and benefits 1,385 935 Current portion of long-term debt 2,426 1,608 Other current liabilities 14,919 3,652 Total current liabilities 20,171 7,405 Long-term liabilities: Long-term debt 71,590 37,621 Other long-term liabilities 13,489 3,847 Total liabilities 105,250 48,873 Commitments and contingencies (Note 11) Stockholders' equity: Preferred stock, $ 0.001 par value; 100 shares authorized; none issued and outstanding — — Common stock, $ 0.001 par value; 2,900 shares authorized; 465 and 414 shares issued and outstanding as of May 5, 2024 and October 29, 2023, respectively — — Additional paid-in capital 69,754 21,099 Retained earnings — 2,682 Accumulated other comprehensive income 207 207 Total stockholders' equity 69,961 23,988 Total liabilities and e

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View this 10-Q filing on SEC EDGAR