Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Broadcom Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Nov 1, 2020	Nov 3, 2019	Nov 4, 2018
Net income	14,082)	11,495)	6,736)	2,960)	2,724)	12,610)
Amortization of intangible and right-of-use assets	3,333)	4,455)	5,502)	6,335)	5,239)	3,566)
Depreciation	502)	529)	539)	570)	569)	515)
Share-based compensation	2,171)	1,533)	1,704)	1,976)	2,185)	1,227)
Deferred taxes and other non-cash taxes	(501)	(34)	(809)	(1,142)	(934)	(8,270)
Impairment on investment	—)	—)	—)	—)	—)	106)
Loss on debt extinguishment	—)	100)	198)	169)	28)	—)
Non-cash interest expense	132)	129)	96)	108)	69)	24)
Other	9)	183)	(75)	(8)	1)	58)
Trade accounts receivable, net	(187)	(870)	210)	981)	486)	(652)
Inventory	27)	(627)	(294)	(31)	250)	417)
Accounts payable	209)	(79)	243)	(3)	(42)	(325)
Employee compensation and benefits	(279)	136)	186)	217)	(294)	6)
Contributions to defined benefit pension plans	—)	—)	—)	—)	—)	(130)
Other current assets and current liabilities	(628)	222)	(177)	331)	(283)	369)
Other long-term assets and long-term liabilities	(785)	(436)	(295)	(402)	(301)	(641)
Changes in assets and liabilities, net of acquisitions and disposals	(1,643)	(1,654)	(127)	1,093)	(184)	(956)
Adjustments to reconcile net income to net cash provided by operating activities	4,003)	5,241)	7,028)	9,101)	6,973)	(3,730)
Net cash provided by operating activities	18,085)	16,736)	13,764)	12,061)	9,697)	8,880)
Acquisitions of businesses, net of cash acquired	(53)	(246)	(8)	(10,872)	(16,033)	(4,800)
Proceeds from sales of businesses	—)	—)	45)	218)	957)	773)
Purchases of property, plant and equipment	(452)	(424)	(443)	(463)	(432)	(635)
Purchases of investments	(346)	(200)	—)	—)	(5)	(249)
Sales of investments	228)	200)	169)	—)	5)	54)
Other	(66)	3)	(8)	8)	86)	183)
Net cash used in investing activities	(689)	(667)	(245)	(11,109)	(15,422)	(4,674)
Proceeds from long-term borrowings	—)	1,935)	9,904)	27,802)	28,793)	—)
Payments on debt obligations	(403)	(2,361)	(11,495)	(18,814)	(16,800)	(973)
Other borrowings, net	—)	—)	—)	(1,285)	1,241)	—)
Payment of dividends	(7,645)	(7,032)	(6,212)	(5,534)	(4,235)	(2,998)
Repurchases of common stock, repurchase program	(5,824)	(7,000)	—)	—)	(5,435)	(7,258)
Shares repurchased for tax withholdings on vesting of equity awards	(1,861)	(1,455)	(1,299)	(765)	(972)	(56)
Issuance of preferred stock, net	—)	—)	—)	—)	3,679)	—)
Issuance of common stock	122)	114)	170)	276)	253)	212)
Other	(12)	(17)	(42)	(69)	(36)	(45)
Net cash provided by (used in) financing activities	(15,623)	(15,816)	(8,974)	1,611)	6,488)	(11,118)
Net change in cash and cash equivalents	1,773)	253)	4,545)	2,563)	763)	(6,912)
Cash and cash equivalents at beginning of period	12,416)	12,163)	7,618)	5,055)	4,292)	11,204)
Cash and cash equivalents at end of period	14,189)	12,416)	12,163)	7,618)	5,055)	4,292)

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).

Download chart

Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Broadcom Inc. net cash provided by operating activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Broadcom Inc. net cash used in investing activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Broadcom Inc. net cash provided by (used in) financing activities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Broadcom Inc. (NASDAQ:AVGO)

Cash Flow Statement