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: Nov 3, 2024 Oct 29, 2023 Oct 30, 2022 Oct 31, 2021 Nov 1, 2020 Nov 3, 2019
Products 58.86 77.87 79.14 76.09 72.99 80.17
Subscriptions and services 41.14 22.13 20.86 23.91 27.01 19.83
Net revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products sold -19.00 -24.11 -22.98 -23.88 -24.67 -27.47
Cost of subscriptions and services -5.80 -1.78 -1.89 -2.21 -2.62 -2.28
Amortization of acquisition-related intangible assets -11.68 -5.17 -8.57 -12.48 -15.99 -14.67
Restructuring charges -0.49 -0.01 -0.02 -0.06 -0.15 -0.34
Cost of revenue -36.97% -31.07% -33.45% -38.64% -43.42% -44.76%
Gross margin 63.03% 68.93% 66.55% 61.36% 56.58% 55.24%
Research and development -18.05 -14.67 -14.81 -17.68 -20.80 -20.78
Selling, general and administrative -9.62 -4.44 -4.16 -4.91 -8.10 -7.56
Amortization of acquisition-related intangible assets -6.29 -3.89 -4.55 -7.20 -10.05 -8.40
Restructuring and other charges -2.97 -0.68 -0.17 -0.54 -0.83 -3.26
Operating expenses -36.93% -23.68% -23.70% -30.33% -39.78% -40.00%
Operating income 26.10% 45.25% 42.84% 31.03% 16.80% 15.24%
Interest expense -7.66 -4.53 -5.23 -6.87 -7.44 -6.39
Interest income 0.89 1.49 0.30 0.06 0.22 0.43
Other income 0.04 0.04 0.09 0.09 0.23 0.08
Gain (loss) on investments -0.02 0.03 -0.51 0.36 0.13 0.64
Other expense -0.12 -0.14 -0.05 -0.04 -0.21 -0.15
Gain from lapse of indemnification 0.00 0.00 0.00 0.00 0.49 0.00
Other income (expense), net 0.79% 1.43% -0.16% 0.48% 0.86% 1.00%
Income from continuing operations before income taxes 19.23% 42.15% 37.45% 24.64% 10.23% 9.85%
(Provision for) benefit from income taxes -7.27 -2.83 -2.83 -0.11 2.17 2.26
Income from continuing operations 11.96% 39.31% 34.62% 24.54% 12.40% 12.11%
Loss from discontinued operations, net of income taxes -0.53 0.00 0.00 0.00 0.00 -0.05
Net income 11.43% 39.31% 34.62% 24.54% 12.39% 12.05%
Dividends on preferred stock 0.00 0.00 -0.82 -1.09 -1.24 -0.13
Net income attributable to common stock 11.43% 39.31% 33.80% 23.45% 11.15% 11.93%

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).

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 2022 to 2023 but then decreased significantly from 2023 to 2024.
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 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Broadcom Inc. net income as a percentage of net revenue increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.