(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||||||||||||||
(Address of principal executive offices including zip code) | ||||||||||||||||||||||||||
(Registrant’s telephone number, including area code) |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: | ||||||||
Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
Exhibit No. | Description | |||||||
104 | Cover Page Interactive Data File (formatted as Inline XBRL). |
Broadcom Inc. | ||||||||
By: | /s/ Kirsten M. Spears | |||||||
Name: | Kirsten M. Spears | |||||||
Title: | Chief Financial Officer and Chief Accounting Officer |
GAAP | Non-GAAP | |||||||||||||||||||||||||||||||||||||||||||
(Dollars in millions, except per share data) | Q2 24 | Q2 23 | Change | Q2 24 | Q2 23 | Change | ||||||||||||||||||||||||||||||||||||||
Net revenue | $ | 12,487 | $ | 8,733 | +43 | % | $ | 12,487 | $ | 8,733 | +43 | % | ||||||||||||||||||||||||||||||||
Net income | $ | 2,121 | $ | 3,481 | -$1,360 | $ | 5,394 | $ | 4,489 | +$905 | ||||||||||||||||||||||||||||||||||
Earnings per common share - diluted | $ | 4.42 | $ | 8.15 | -$3.73 | $ | 10.96 | $ | 10.32 | +$0.64 |
(Dollars in millions) | Q2 24 | Q2 23 | Change | ||||||||||||||||||||
Cash flow from operations | $ | 4,580 | $ | 4,502 | +$78 | ||||||||||||||||||
Adjusted EBITDA | $ | 7,429 | $ | 5,686 | +$1,743 | ||||||||||||||||||
Free cash flow | $ | 4,448 | $ | 4,380 | +$68 |
Net revenue by segment | ||||||||||||||||||||||||||||||||||||||||||||
(Dollars in millions) | Q2 24 | Q2 23 | Change | |||||||||||||||||||||||||||||||||||||||||
Semiconductor solutions | $ | 7,202 | 58 | % | $ | 6,808 | 78 | % | +6 | % | ||||||||||||||||||||||||||||||||||
Infrastructure software | 5,285 | 42 | 1,925 | 22 | +175 | % | ||||||||||||||||||||||||||||||||||||||
Total net revenue | $ | 12,487 | 100 | % | $ | 8,733 | 100 | % | ||||||||||||||||||||||||||||||||||||
Fiscal Quarter Ended | Two Fiscal Quarters Ended | |||||||||||||||||||||||||||||||
May 5, 2024 | February 4, 2024 | April 30, 2023 | May 5, 2024 | April 30, 2023 | ||||||||||||||||||||||||||||
Net revenue | $ | 12,487 | $ | 11,961 | $ | 8,733 | $ | 24,448 | $ | 17,648 | ||||||||||||||||||||||
Cost of revenue: | ||||||||||||||||||||||||||||||||
Cost of revenue | 3,142 | 3,114 | 2,177 | 6,256 | 4,551 | |||||||||||||||||||||||||||
Amortization of acquisition-related intangible assets | 1,516 | 1,380 | 441 | 2,896 | 976 | |||||||||||||||||||||||||||
Restructuring charges | 53 | 92 | — | 145 | 2 | |||||||||||||||||||||||||||
Total cost of revenue | 4,711 | 4,586 | 2,618 | 9,297 | 5,529 | |||||||||||||||||||||||||||
Gross margin | 7,776 | 7,375 | 6,115 | 15,151 | 12,119 | |||||||||||||||||||||||||||
Research and development | 2,415 | 2,308 | 1,312 | 4,723 | 2,507 | |||||||||||||||||||||||||||
Selling, general and administrative | 1,277 | 1,572 | 438 | 2,849 | 786 | |||||||||||||||||||||||||||
Amortization of acquisition-related intangible assets | 827 | 792 | 348 | 1,619 | 696 | |||||||||||||||||||||||||||
Restructuring and other charges | 292 | 620 | 9 | 912 | 19 | |||||||||||||||||||||||||||
Total operating expenses | 4,811 | 5,292 | 2,107 | 10,103 | 4,008 | |||||||||||||||||||||||||||
Operating income | 2,965 | 2,083 | 4,008 | 5,048 | 8,111 | |||||||||||||||||||||||||||
Interest expense | (1,047) | (926) | (405) | (1,973) | (811) | |||||||||||||||||||||||||||
Other income, net | 87 | 185 | 113 | 272 | 256 | |||||||||||||||||||||||||||
Income from continuing operations before income taxes | 2,005 | 1,342 | 3,716 | 3,347 | 7,556 | |||||||||||||||||||||||||||
Provision for (benefit from) income taxes | (116) | 68 | 235 | (48) | 301 | |||||||||||||||||||||||||||
Income from continuing operations | 2,121 | 1,274 | 3,481 | 3,395 | 7,255 | |||||||||||||||||||||||||||
Income from discontinued operations, net of income taxes | — | 51 | — | 51 | — | |||||||||||||||||||||||||||
Net income | $ | 2,121 | $ | 1,325 | $ | 3,481 | $ | 3,446 | $ | 7,255 | ||||||||||||||||||||||
Basic income per share: | ||||||||||||||||||||||||||||||||
Income per share from continuing operations | $ | 4.56 | $ | 2.82 | $ | 8.39 | $ | 7.41 | $ | 17.40 | ||||||||||||||||||||||
Income per share from discontinued operations | — | 0.11 | — | 0.11 | — | |||||||||||||||||||||||||||
Net income per share | $ | 4.56 | $ | 2.93 | $ | 8.39 | $ | 7.52 | $ | 17.40 | ||||||||||||||||||||||
Diluted income per share: | ||||||||||||||||||||||||||||||||
Income per share from continuing operations | $ | 4.42 | $ | 2.73 | $ | 8.15 | $ | 7.18 | $ | 16.95 | ||||||||||||||||||||||
Income per share from discontinued operations | — | 0.11 | — | 0.11 | — | |||||||||||||||||||||||||||
Net income per share | $ | 4.42 | $ | 2.84 | $ | 8.15 | $ | 7.29 | $ | 16.95 | ||||||||||||||||||||||
Weighted-average shares used in per share calculations: | ||||||||||||||||||||||||||||||||
Basic | 465 | 452 | 415 | 458 | 417 | |||||||||||||||||||||||||||
Diluted | 480 | 467 | 427 | 473 | 428 | |||||||||||||||||||||||||||
Stock-based compensation expense included in continuing operations: | ||||||||||||||||||||||||||||||||
Cost of revenue | $ | 170 | $ | 161 | $ | 50 | $ | 331 | $ | 87 | ||||||||||||||||||||||
Research and development | 881 | 863 | 354 | 1,744 | 621 | |||||||||||||||||||||||||||
Selling, general and administrative | 352 | 548 | 109 | 900 | 196 | |||||||||||||||||||||||||||
Total stock-based compensation expense | $ | 1,403 | $ | 1,572 | $ | 513 | $ | 2,975 | $ | 904 | ||||||||||||||||||||||
Fiscal Quarter Ended | Two Fiscal Quarters Ended | |||||||||||||||||||||||||||||||
May 5, 2024 | February 4, 2024 | April 30, 2023 | May 5, 2024 | April 30, 2023 | ||||||||||||||||||||||||||||
Gross margin on GAAP basis | $ | 7,776 | $ | 7,375 | $ | 6,115 | $ | 15,151 | $ | 12,119 | ||||||||||||||||||||||
Amortization of acquisition-related intangible assets | 1,516 | 1,380 | 441 | 2,896 | 976 | |||||||||||||||||||||||||||
Stock-based compensation expense | 170 | 161 | 50 | 331 | 87 | |||||||||||||||||||||||||||
Restructuring charges | 53 | 92 | — | 145 | 2 | |||||||||||||||||||||||||||
Acquisition-related costs | 3 | 6 | — | 9 | — | |||||||||||||||||||||||||||
Gross margin on non-GAAP basis | $ | 9,518 | $ | 9,014 | $ | 6,606 | $ | 18,532 | $ | 13,184 | ||||||||||||||||||||||
Research and development on GAAP basis | $ | 2,415 | $ | 2,308 | $ | 1,312 | $ | 4,723 | $ | 2,507 | ||||||||||||||||||||||
Stock-based compensation expense | 881 | 863 | 354 | 1,744 | 621 | |||||||||||||||||||||||||||
Acquisition-related costs | — | 1 | — | 1 | (1) | |||||||||||||||||||||||||||
Research and development on non-GAAP basis | $ | 1,534 | $ | 1,444 | $ | 958 | $ | 2,978 | $ | 1,887 | ||||||||||||||||||||||
Selling, general and administrative expense on GAAP basis | $ | 1,277 | $ | 1,572 | $ | 438 | $ | 2,849 | $ | 786 | ||||||||||||||||||||||
Stock-based compensation expense | 352 | 548 | 109 | 900 | 196 | |||||||||||||||||||||||||||
Acquisition-related costs | 87 | 285 | 93 | 372 | 135 | |||||||||||||||||||||||||||
Selling, general and administrative expense on non-GAAP basis | $ | 838 | $ | 739 | $ | 236 | $ | 1,577 | $ | 455 | ||||||||||||||||||||||
Total operating expenses on GAAP basis | $ | 4,811 | $ | 5,292 | $ | 2,107 | $ | 10,103 | $ | 4,008 | ||||||||||||||||||||||
Amortization of acquisition-related intangible assets | 827 | 792 | 348 | 1,619 | 696 | |||||||||||||||||||||||||||
Stock-based compensation expense | 1,233 | 1,411 | 463 | 2,644 | 817 | |||||||||||||||||||||||||||
Restructuring and other charges | 292 | 620 | 9 | 912 | 19 | |||||||||||||||||||||||||||
Acquisition-related costs | 87 | 286 | 93 | 373 | 134 | |||||||||||||||||||||||||||
Total operating expenses on non-GAAP basis | $ | 2,372 | $ | 2,183 | $ | 1,194 | $ | 4,555 | $ | 2,342 | ||||||||||||||||||||||
Operating income on GAAP basis | $ | 2,965 | $ | 2,083 | $ | 4,008 | $ | 5,048 | $ | 8,111 | ||||||||||||||||||||||
Amortization of acquisition-related intangible assets | 2,343 | 2,172 | 789 | 4,515 | 1,672 | |||||||||||||||||||||||||||
Stock-based compensation expense | 1,403 | 1,572 | 513 | 2,975 | 904 | |||||||||||||||||||||||||||
Restructuring and other charges | 345 | 712 | 9 | 1,057 | 21 | |||||||||||||||||||||||||||
Acquisition-related costs | 90 | 292 | 93 | 382 | 134 | |||||||||||||||||||||||||||
Operating income on non-GAAP basis | $ | 7,146 | $ | 6,831 | $ | 5,412 | $ | 13,977 | $ | 10,842 | ||||||||||||||||||||||
Interest expense on GAAP basis | $ | (1,047) | $ | (926) | $ | (405) | $ | (1,973) | $ | (811) | ||||||||||||||||||||||
Loss on debt extinguishment | 22 | — | — | 22 | — | |||||||||||||||||||||||||||
Interest expense on non-GAAP basis | $ | (1,025) | $ | (926) | $ | (405) | $ | (1,951) | $ | (811) | ||||||||||||||||||||||
Other income, net on GAAP basis | $ | 87 | $ | 185 | $ | 113 | $ | 272 | $ | 256 | ||||||||||||||||||||||
(Gains) losses on investments | 9 | (33) | 11 | (24) | (33) | |||||||||||||||||||||||||||
Other income, net on non-GAAP basis | $ | 96 | $ | 152 | $ | 124 | $ | 248 | $ | 223 | ||||||||||||||||||||||
Fiscal Quarter Ended | Two Fiscal Quarters Ended | |||||||||||||||||||||||||||||||
May 5, 2024 | February 4, 2024 | April 30, 2023 | May 5, 2024 | April 30, 2023 | ||||||||||||||||||||||||||||
Provision for (benefit from) income taxes on GAAP basis | $ | (116) | $ | 68 | $ | 235 | $ | (48) | $ | 301 | ||||||||||||||||||||||
Non-GAAP tax reconciling adjustments | 939 | 735 | 407 | 1,674 | 981 | |||||||||||||||||||||||||||
Provision for income taxes on non-GAAP basis | $ | 823 | $ | 803 | $ | 642 | $ | 1,626 | $ | 1,282 | ||||||||||||||||||||||
Net income on GAAP basis | $ | 2,121 | $ | 1,325 | $ | 3,481 | $ | 3,446 | $ | 7,255 | ||||||||||||||||||||||
Amortization of acquisition-related intangible assets | 2,343 | 2,172 | 789 | 4,515 | 1,672 | |||||||||||||||||||||||||||
Stock-based compensation expense | 1,403 | 1,572 | 513 | 2,975 | 904 | |||||||||||||||||||||||||||
Restructuring and other charges | 345 | 712 | 9 | 1,057 | 21 | |||||||||||||||||||||||||||
Acquisition-related costs | 90 | 292 | 93 | 382 | 134 | |||||||||||||||||||||||||||
Loss on debt extinguishment | 22 | — | — | 22 | — | |||||||||||||||||||||||||||
(Gains) losses on investments | 9 | (33) | 11 | (24) | (33) | |||||||||||||||||||||||||||
Non-GAAP tax reconciling adjustments | (939) | (735) | (407) | (1,674) | (981) | |||||||||||||||||||||||||||
Income from discontinued operations, net of income taxes | — | (51) | — | (51) | — | |||||||||||||||||||||||||||
Net income on non-GAAP basis | $ | 5,394 | $ | 5,254 | $ | 4,489 | $ | 10,648 | $ | 8,972 | ||||||||||||||||||||||
Net income on GAAP basis | $ | 2,121 | $ | 1,325 | $ | 3,481 | $ | 3,446 | $ | 7,255 | ||||||||||||||||||||||
Non-GAAP Adjustments: | ||||||||||||||||||||||||||||||||
Amortization of acquisition-related intangible assets | 2,343 | 2,172 | 789 | 4,515 | 1,672 | |||||||||||||||||||||||||||
Stock-based compensation expense | 1,403 | 1,572 | 513 | 2,975 | 904 | |||||||||||||||||||||||||||
Restructuring and other charges | 345 | 712 | 9 | 1,057 | 21 | |||||||||||||||||||||||||||
Acquisition-related costs | 90 | 292 | 93 | 382 | 134 | |||||||||||||||||||||||||||
Loss on debt extinguishment | 22 | — | — | 22 | — | |||||||||||||||||||||||||||
(Gains) losses on investments | 9 | (33) | 11 | (24) | (33) | |||||||||||||||||||||||||||
Non-GAAP tax reconciling adjustments | (939) | (735) | (407) | (1,674) | (981) | |||||||||||||||||||||||||||
Income from discontinued operations, net of income taxes | — | (51) | — | (51) | — | |||||||||||||||||||||||||||
Other Adjustments: | ||||||||||||||||||||||||||||||||
Interest expense | 1,025 | 926 | 405 | 1,951 | 811 | |||||||||||||||||||||||||||
Provision for income taxes on non-GAAP basis | 823 | 803 | 642 | 1,626 | 1,282 | |||||||||||||||||||||||||||
Depreciation | 149 | 139 | 129 | 288 | 256 | |||||||||||||||||||||||||||
Amortization of purchased intangibles and right-of-use assets | 38 | 34 | 21 | 72 | 43 | |||||||||||||||||||||||||||
Adjusted EBITDA | $ | 7,429 | $ | 7,156 | $ | 5,686 | $ | 14,585 | $ | 11,364 | ||||||||||||||||||||||
Weighted-average shares used in per share calculations - diluted on GAAP basis | 480 | 467 | 427 | 473 | 428 | |||||||||||||||||||||||||||
Non-GAAP adjustment (1) | 12 | 11 | 8 | 12 | 7 | |||||||||||||||||||||||||||
Weighted-average shares used in per share calculations - diluted on non-GAAP basis | 492 | 478 | 435 | 485 | 435 | |||||||||||||||||||||||||||
Net cash provided by operating activities | $ | 4,580 | $ | 4,815 | $ | 4,502 | $ | 9,395 | $ | 8,538 | ||||||||||||||||||||||
Purchases of property, plant and equipment | (132) | (122) | (122) | (254) | (225) | |||||||||||||||||||||||||||
Free cash flow | $ | 4,448 | $ | 4,693 | $ | 4,380 | $ | 9,141 | $ | 8,313 |
Fiscal Quarter Ending | ||||||||
August 4, | ||||||||
Expected average diluted share count (2): | 2024 | |||||||
Weighted-average shares used in per share calculation - diluted on GAAP basis | 4,810 | |||||||
Non-GAAP adjustment (1) | 110 | |||||||
Weighted-average shares used in per share calculation - diluted on non-GAAP basis | 4,920 |
(1) Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of stock-based compensation expense expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. | ||||||||||||||||||||||||||||||||
(2) Includes the impact of a ten-for-one forward stock split of our common stock. Stockholders of record after the close of market on July 11, 2024 will receive an additional nine shares of common stock for each share held after the close of market on July 12, 2024. At market open on July 15, 2024, trading is expected to commence on a split-adjusted basis. | ||||||||||||||||||||||||||||||||
May 5, 2024 | October 29, 2023 | |||||||||||||
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 | ||||||||||||
Stockholders’ equity: | ||||||||||||||
Preferred stock | — | — | ||||||||||||
Common Stock | — | — | ||||||||||||
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 equity | $ | 175,211 | $ | 72,861 |
BROADCOM INC. | ||||||||||||||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS — UNAUDITED | ||||||||||||||||||||||||||||||||
(IN MILLIONS) | ||||||||||||||||||||||||||||||||
Fiscal Quarter Ended | Two Fiscal Quarters Ended | |||||||||||||||||||||||||||||||
May 5, 2024 | February 4, 2024 | April 30, 2023 | May 5, 2024 | April 30, 2023 | ||||||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||||||||||
Net income | $ | 2,121 | $ | 1,325 | $ | 3,481 | $ | 3,446 | $ | 7,255 | ||||||||||||||||||||||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||
Amortization of intangible and right-of-use assets | 2,381 | 2,206 | 810 | 4,587 | 1,715 | |||||||||||||||||||||||||||
Depreciation | 149 | 139 | 129 | 288 | 256 | |||||||||||||||||||||||||||
Stock-based compensation | 1,457 | 1,582 | 513 | 3,039 | 904 | |||||||||||||||||||||||||||
Deferred taxes and other non-cash taxes | (511) | (294) | (316) | (805) | (889) | |||||||||||||||||||||||||||
Non-cash interest expense | 119 | 102 | 33 | 221 | 65 | |||||||||||||||||||||||||||
Other | 92 | 38 | 21 | 130 | (18) | |||||||||||||||||||||||||||
Changes in assets and liabilities, net of acquisitions and disposals: | ||||||||||||||||||||||||||||||||
Trade accounts receivable, net | (513) | 1,756 | 185 | 1,243 | (91) | |||||||||||||||||||||||||||
Inventory | 82 | (14) | 13 | 68 | 39 | |||||||||||||||||||||||||||
Accounts payable | (93) | (74) | (114) | (167) | (194) | |||||||||||||||||||||||||||
Employee compensation and benefits | 251 | (660) | 91 | (409) | (566) | |||||||||||||||||||||||||||
Other current assets and current liabilities | (386) | (2,182) | (165) | (2,568) | 405 | |||||||||||||||||||||||||||
Other long-term assets and long-term liabilities | (569) | 891 | (179) | 322 | (343) | |||||||||||||||||||||||||||
Net cash provided by operating activities | 4,580 | 4,815 | 4,502 | 9,395 | 8,538 | |||||||||||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||||||||||
Acquisitions of businesses, net of cash acquired | (560) | (25,416) | — | (25,976) | — | |||||||||||||||||||||||||||
Purchases of property, plant and equipment | (132) | (122) | (122) | (254) | (225) | |||||||||||||||||||||||||||
Purchases of investments | (59) | (13) | (197) | (72) | (197) | |||||||||||||||||||||||||||
Sales of investments | 42 | 89 | — | 131 | — | |||||||||||||||||||||||||||
Other | 3 | (15) | 1 | (12) | 1 | |||||||||||||||||||||||||||
Net cash used in investing activities | (706) | (25,477) | (318) | (26,183) | (421) | |||||||||||||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||||||||||
Proceeds from long-term borrowings | — | 30,010 | — | 30,010 | — | |||||||||||||||||||||||||||
Payments on debt obligations | (2,000) | (934) | — | (2,934) | (260) | |||||||||||||||||||||||||||
Payments of dividends | (2,443) | (2,435) | (1,914) | (4,878) | (3,840) | |||||||||||||||||||||||||||
Repurchases of common stock - repurchase program | — | (7,176) | (2,806) | (7,176) | (3,994) | |||||||||||||||||||||||||||
Shares repurchased for tax withholdings on vesting of equity awards | (1,548) | (1,114) | (614) | (2,662) | (947) | |||||||||||||||||||||||||||
Issuance of common stock | 64 | — | 63 | 64 | 63 | |||||||||||||||||||||||||||
Other | (2) | (14) | (7) | (16) | (2) | |||||||||||||||||||||||||||
Net cash provided by (used in) financing activities | (5,929) | 18,337 | (5,278) | 12,408 | (8,980) | |||||||||||||||||||||||||||
Net change in cash and cash equivalents | (2,055) | (2,325) | (1,094) | (4,380) | (863) | |||||||||||||||||||||||||||
Cash and cash equivalents at beginning of period | 11,864 | 14,189 | 12,647 | 14,189 | 12,416 | |||||||||||||||||||||||||||
Cash and cash equivalents at end of period | $ | 9,809 | $ | 11,864 | $ | 11,553 | $ | 9,809 | $ | 11,553 | ||||||||||||||||||||||
Supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||
Cash paid for interest | $ | 946 | $ | 750 | $ | 397 | $ | 1,696 | $ | 758 | ||||||||||||||||||||||
Cash paid for income taxes | $ | 834 | $ | 904 | $ | 891 | $ | 1,738 | $ | 1,164 |
Cover Page Statement |
Jun. 12, 2024 |
---|---|
Document Entity Information [Abstract] | |
Document Type | 8-K |
Document Period End Date | Jun. 12, 2024 |
Entity Registrant Name | Broadcom Inc. |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-38449 |
Entity Tax Identification Number | 35-2617337 |
Entity Address, Address Line One | 3421 Hillview Avenue |
Entity Address, City or Town | Palo Alto, |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 94304 |
City Area Code | (650) |
Local Phone Number | 427-6000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.001 par value |
Trading Symbol | AVGO |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0001730168 |
Amendment Flag | false |
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