Stock Analysis on Net
Stock Analysis on Net

Broadcom Inc. (NASDAQ:AVGO)

Common-Size Income Statement
Quarterly Data

Broadcom Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Nov 3, 2024 Aug 4, 2024 May 5, 2024 Feb 4, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Nov 1, 2020 Aug 2, 2020 May 3, 2020 Feb 2, 2020 Nov 3, 2019 Aug 4, 2019 May 5, 2019 Feb 3, 2019
Products 59.17 56.91 57.60 61.97 76.93 77.93 77.19 79.44 80.40 78.30 79.19 78.55 77.74 74.71 75.39 76.35 75.04 70.86 74.07 71.77 80.45 80.02 80.08 80.13
Subscriptions and services 40.83 43.09 42.40 38.03 23.07 22.07 22.81 20.56 19.60 21.70 20.81 21.45 22.26 25.29 24.61 23.65 24.96 29.14 25.93 28.23 19.55 19.98 19.92 19.87
Net revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of products sold -19.74 -18.62 -19.45 -18.06 -24.58 -23.74 -23.12 -24.96 -23.98 -22.70 -22.19 -22.96 -23.80 -23.19 -23.42 -25.12 -24.77 -23.76 -25.22 -24.91 -29.05 -27.54 -26.41 -26.84
Cost of subscriptions and services -4.45 -5.35 -5.71 -7.98 -1.76 -1.86 -1.81 -1.67 -1.76 -1.84 -1.95 -2.02 -2.12 -2.32 -2.28 -2.13 -2.33 -2.65 -2.51 -3.02 -1.90 -2.39 -2.45 -2.38
Amortization of acquisition-related intangible assets -11.40 -11.67 -12.14 -11.54 -4.71 -4.95 -5.05 -6.00 -7.89 -8.33 -8.73 -9.47 -11.46 -12.56 -12.90 -13.13 -14.88 -16.37 -16.61 -16.22 -14.32 -15.01 -14.97 -14.39
Restructuring charges -0.36 -0.44 -0.42 -0.77 -0.01 -0.01 0.00 -0.02 -0.01 -0.01 -0.01 -0.03 0.00 -0.01 -0.02 -0.23 -0.08 -0.26 -0.12 -0.14 -0.16 -0.04 -0.18 -0.97
Cost of revenue -35.95% -36.08% -37.73% -38.34% -31.07% -30.55% -29.98% -32.65% -33.64% -32.88% -32.88% -34.48% -37.38% -38.08% -38.62% -40.62% -42.06% -43.03% -44.46% -44.28% -45.43% -44.99% -44.01% -44.58%
Gross margin 64.05% 63.92% 62.27% 61.66% 68.93% 69.45% 70.02% 67.35% 66.36% 67.12% 67.12% 65.52% 62.62% 61.92% 61.38% 59.38% 57.94% 56.97% 55.54% 55.72% 54.57% 55.01% 55.99% 55.42%
Research and development -15.90 -18.00 -19.34 -19.30 -14.93 -15.30 -15.02 -13.40 -13.40 -14.83 -15.56 -15.65 -16.20 -17.78 -18.73 -18.20 -18.28 -21.10 -22.10 -22.00 -20.38 -22.39 -20.86 -19.57
Selling, general and administrative -7.19 -8.41 -10.23 -13.14 -4.50 -4.37 -5.02 -3.90 -4.14 -3.82 -4.54 -4.17 -4.55 -5.10 -4.92 -5.09 -6.26 -7.35 -8.73 -10.26 -7.08 -7.43 -7.59 -8.14
Amortization of acquisition-related intangible assets -5.78 -6.21 -6.62 -6.62 -3.74 -3.94 -3.98 -3.90 -4.01 -4.24 -4.91 -5.15 -6.67 -7.29 -7.47 -7.42 -9.26 -10.31 -10.43 -10.29 -8.21 -8.61 -8.57 -8.22
Restructuring and other charges -2.26 -2.32 -2.34 -5.18 -0.14 -2.39 -0.10 -0.11 -0.17 -0.08 -0.22 -0.22 -0.35 -0.38 -0.38 -1.07 -0.54 -0.89 -0.94 -0.97 -0.66 -0.89 -1.38 -9.90
Operating expenses -31.13% -34.94% -38.53% -44.24% -23.31% -26.00% -24.13% -21.32% -21.72% -22.97% -25.24% -25.19% -27.77% -30.55% -31.50% -31.78% -34.34% -39.65% -42.20% -43.53% -36.32% -39.33% -38.41% -45.83%
Operating income 32.92% 28.98% 23.74% 17.41% 45.62% 43.44% 45.89% 46.02% 44.64% 44.15% 41.89% 40.33% 34.85% 31.37% 29.88% 27.60% 23.60% 17.32% 13.34% 12.19% 18.25% 15.68% 17.58% 9.59%
Interest expense -6.52 -8.14 -8.38 -7.74 -4.36 -4.57 -4.64 -4.55 -4.55 -4.80 -6.39 -5.28 -5.86 -6.12 -7.05 -8.56 -6.49 -7.97 -8.48 -6.93 -6.25 -6.56 -6.82 -5.96
Other income (expense), net 0.37 0.63 0.70 1.55 1.42 1.40 1.29 1.60 0.45 0.07 -1.06 -0.18 0.30 0.22 -0.35 1.76 0.48 0.84 2.26 -0.07 0.93 0.74 1.14 1.17
Income from continuing operations before income taxes 26.78% 21.47% 16.06% 11.22% 42.68% 40.27% 42.55% 43.07% 40.54% 39.43% 34.43% 34.87% 29.28% 25.46% 22.48% 20.80% 17.58% 10.19% 7.12% 5.19% 12.93% 9.86% 11.91% 4.80%
(Provision for) benefit from income taxes 3.15 -32.42 0.93 -0.57 -4.77 -3.05 -2.69 -0.74 -2.92 -3.11 -2.47 -2.79 -2.43 2.21 0.11 -0.09 2.89 1.65 2.77 1.30 1.73 3.10 0.65 3.51
Income (loss) from continuing operations 29.92% -10.95% 16.99% 10.65% 37.91% 37.21% 39.86% 42.33% 37.61% 36.32% 31.96% 32.08% 26.85% 27.68% 22.59% 20.71% 20.47% 11.84% 9.89% 6.49% 14.66% 12.96% 12.56% 8.31%
Income (loss) from discontinued operations, net of income taxes 0.85 -3.39 0.00 0.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.02 -0.09 0.09 0.00 0.00 -0.04 -0.17
Net income (loss) 30.77% -14.34% 16.99% 11.08% 37.91% 37.21% 39.86% 42.33% 37.61% 36.32% 31.96% 32.08% 26.85% 27.68% 22.59% 20.71% 20.47% 11.82% 9.80% 6.57% 14.66% 12.96% 12.52% 8.14%
Dividends on preferred stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.54 -0.89 -0.93 -0.96 -1.01 -1.09 -1.15 -1.11 -1.14 -1.27 -1.31 -1.26 -0.50 0.00 0.00 0.00
Net income (loss) attributable to common stock 30.77% -14.34% 16.99% 11.08% 37.91% 37.21% 39.86% 42.33% 37.08% 35.43% 31.04% 31.12% 25.84% 26.59% 21.44% 19.59% 19.33% 10.55% 8.50% 5.31% 14.16% 12.96% 12.52% 8.14%

Based on: 10-K (reporting date: 2024-11-03), 10-Q (reporting date: 2024-08-04), 10-Q (reporting date: 2024-05-05), 10-Q (reporting date: 2024-02-04), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-Q (reporting date: 2020-02-02), 10-K (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05), 10-Q (reporting date: 2019-02-03).

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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 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 Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Broadcom Inc. net income (loss) as a percentage of net revenue decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 level.