Broadcom Inc. Files Q3 2024 10-Q Report

TL;DR

**AVGO Q3 10-Q FILED: Financials for period ending Aug 4, 2024, now public.**

AI Summary

Broadcom Inc. filed its 10-Q for the period ending August 4, 2024, reporting on its financial performance. The filing covers the third quarter of fiscal year 2024, with the company's fiscal year ending on November 3rd. Key financial data and operational details for this period are detailed within the report.

Why It Matters

This filing provides investors and analysts with crucial financial and operational insights into Broadcom's performance during its third fiscal quarter, impacting investment decisions and market sentiment.

Risk Assessment

Risk Level: medium — As a large, publicly traded technology company, Broadcom faces inherent market, operational, and regulatory risks detailed in its SEC filings.

Key Numbers

• 2024-08-04 — End of Reporting Period (This date marks the conclusion of the fiscal quarter covered by the 10-Q filing.)
• 2024-09-11 — Filing Date (The date Broadcom Inc. officially submitted this 10-Q to the SEC.)
• November 3 — Fiscal Year End (Indicates when Broadcom's fiscal year concludes annually.)

Key Players & Entities

• Broadcom Inc. (company) — Filer of the 10-Q report
• August 4, 2024 (date) — End of the reporting period
• November 3 (date) — Fiscal year end date
• 3421 Hillview Avenue, Palo Alto, CA 94304 (address) — Company's business and mailing address

FAQ

Key Financial Figures

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

Filing Documents

• avgo-20240804.htm (10-Q) — 1857KB
• ex31arcertificateofincorpo.htm (EX-3.1) — 64KB
• ex31108042024.htm (EX-31.1) — 10KB
• ex31208042024.htm (EX-31.2) — 10KB
• ex32108042024.htm (EX-32.1) — 5KB
• ex32208042024.htm (EX-32.2) — 5KB
• 0001730168-24-000099.txt ( ) — 9081KB
• avgo-20240804.xsd (EX-101.SCH) — 62KB
• avgo-20240804_cal.xml (EX-101.CAL) — 82KB
• avgo-20240804_def.xml (EX-101.DEF) — 279KB
• avgo-20240804_lab.xml (EX-101.LAB) — 670KB
• avgo-20240804_pre.xml (EX-101.PRE) — 477KB
• avgo-20240804_htm.xml (XML) — 1506KB

— 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 27

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 35

Controls and Procedures

Item 4. Controls and Procedures 35

— OTHER INFORMATION

PART II — OTHER INFORMATION 35

Legal Proceedings

Item 1. Legal Proceedings 35

Risk Factors

Item 1A. Risk Factors 35

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 57

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 57

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 57

Other Information

Item 5. Other Information 57

Exhibits

Item 6. Exhibits 58

SIGNATURES

SIGNATURES 59 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 (Loss) — 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 August 4, 2024 October 29, 2023 (In millions, except par value) ASSETS Current assets: Cash and cash equivalents $ 9,952 $ 14,189 Trade accounts receivable, net 4,665 3,154 Inventory 1,894 1,898 Other current assets 3,436 1,606 Total current assets 19,947 20,847 Long-term assets: Property, plant and equipment, net 2,602 2,154 Goodwill 97,873 43,653 Intangible assets, net 43,034 3,867 Other long-term assets 4,510 2,340 Total assets $ 167,966 $ 72,861 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 1,757 $ 1,210 Employee compensation and benefits 1,725 935 Current portion of long-term debt 3,161 1,608 Other current liabilities 12,578 3,652 Total current liabilities 19,221 7,405 Long-term liabilities: Long-term debt 66,798 37,621 Other long-term liabilities 16,296 3,847 Total liabilities 102,315 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; 29,000 shares authorized; 4,671 and 4,139 shares issued and outstanding as of August 4, 2024 and October 29, 2023, respectively 5 4 Additional paid-in capital 67,313 21,095 Retained earnings (accumulated deficit) ( 1,875 ) 2,682 Accumulated other comprehensive income 208 207 Total stockholder

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View this 10-Q filing on SEC EDGAR