financial statements

The full income statement, balance sheet, and cash-flow statement for Broadcom Inc. (AVGO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofNov 2 ’25	as ofNov 3 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
Revenue	63.9B YoY+23.9%	51.6B YoY+44.0%	35.8B YoY+7.9%	33.2B YoY+21.0%	27.4B YoY+14.9%
	43.3B YoY+33.2%	32.5B YoY+31.7%	24.7B YoY+11.7%	22.1B YoY+31.2%	16.8B YoY+24.6%
Cost of revenue	20.6B YoY+8.0%	19.1B YoY+71.3%	11.1B YoY+0.2%	11.1B YoY+4.7%	10.6B YoY+2.3%
	17.8B YoY-6.5%	19.0B YoY+124.5%	8.48B YoY+7.8%	7.87B YoY-5.5%	8.32B YoY-12.4%
Research & development	11.0B YoY+17.9%	9.31B YoY+77.2%	5.25B YoY+6.8%	4.92B YoY+1.3%	4.85B YoY-2.3%
Selling, general & administrative	4.21B YoY-15.1%	4.96B YoY+211.5%	1.59B YoY+15.2%	1.38B YoY+2.6%	1.35B YoY-30.4%
Restructuring	—	—	29.0M YoY-3.3%	30.0M YoY-73.5%	113M YoY-51.5%
Amortization of intangibles	8.06B YoY-13.0%	9.27B YoY+185.4%	3.25B	—	—
Operating income	25.5B YoY+89.3%	13.5B YoY-16.9%	16.2B YoY+13.9%	14.2B YoY+67.0%	8.52B YoY+112.2%
Interest expense	3.21B YoY-18.8%	3.95B YoY+143.7%	1.62B YoY-6.6%	1.74B YoY-7.9%	1.89B YoY+6.1%
Other non-operating income	455M YoY+12.1%	406M YoY-20.7%	512M YoY+1048.1%	-54.0M YoY-141.2%	131M YoY-36.4%
Pre-tax income	22.7B YoY+129.2%	9.92B YoY-34.3%	15.1B YoY+21.4%	12.4B YoY+83.8%	6.76B YoY+176.9%
Income tax	-397M YoY-110.6%	3.75B YoY+269.3%	1.01B YoY+8.1%	939M YoY+3137.9%	29.0M YoY+105.6%
	23.1B YoY+292.3%	5.89B YoY-58.1%	14.1B YoY+22.5%	11.5B YoY+70.7%	6.74B YoY+127.6%
Discontinued operations	0.00 YoY+100.0%	-273M	0.00	0.00	0.00 YoY+100.0%
Net income to common	—	5.89B YoY-58.1%	14.1B YoY+25.5%	11.2B YoY+74.4%	6.44B YoY+141.7%
	$4.77 YoY+287.8%	$1.23 YoY-62.7%	$3.30 YoY+24.5%	$2.65 YoY-82.3%	$15.00 YoY+137.0%
EPS (basic)	$4.91 YoY+286.6%	$1.27 YoY-62.5%	$3.39 YoY+23.7%	$2.74 YoY-82.5%	$15.70 YoY+137.2%
Weighted-avg shares (basic)	4.71B YoY+1.9%	4.62B YoY+11.4%	4.15B YoY+1.5%	4.09B YoY+897.3%	410M YoY+2.0%
Weighted-avg shares (diluted)	4.85B YoY+1.6%	4.78B YoY+11.8%	4.27B YoY+0.9%	4.23B YoY+886.5%	429M YoY+1.9%
Balance Sheet	as ofNov 2 ’25	as ofNov 3 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
	31.6B YoY+61.1%	19.6B YoY-6.0%	20.8B YoY+12.7%	18.5B YoY+11.6%	16.6B YoY+39.4%
Cash & equivalents	16.2B YoY+73.1%	9.35B YoY-34.1%	14.2B YoY+14.3%	12.4B YoY+2.1%	12.2B YoY+59.7%
Accounts receivable	7.14B YoY+61.8%	4.42B YoY+40.0%	3.15B YoY+6.6%	2.96B YoY+42.8%	2.07B YoY-9.8%
Inventory	2.27B YoY+29.0%	1.76B YoY-7.3%	1.90B YoY-1.4%	1.93B YoY+48.4%	1.30B YoY+29.3%
Prepaid expenses	518M YoY-62.8%	1.39B YoY+87.2%	743M YoY-14.0%	864M YoY+60.3%	539M YoY+39.3%
Other current assets	5.98B YoY+46.9%	4.07B YoY+153.5%	1.61B YoY+33.3%	1.21B YoY+14.2%	1.05B YoY+8.0%
	171B YoY+3.3%	166B YoY+127.3%	72.9B YoY-0.5%	73.2B YoY-3.1%	75.6B YoY-0.5%
Property, plant & equipment	2.53B YoY+0.4%	2.52B YoY+17.0%	2.15B YoY-3.1%	2.22B YoY-5.3%	2.35B YoY-6.4%
Operating lease right-of-use	1.32B YoY-0.5%	1.32B YoY+186.2%	463M YoY-10.4%	517M YoY-12.1%	588M YoY-0.2%
Goodwill	97.8B YoY-0.1%	97.9B YoY+124.2%	43.7B YoY+0.1%	43.6B YoY+0.4%	43.5B YoY+0.0%
Intangible assets	32.3B YoY-20.5%	40.6B YoY+949.5%	3.87B YoY-45.6%	7.11B YoY-37.5%	11.4B YoY-32.2%
Deferred tax assets	50.0M YoY+0.0%	50.0M YoY+0.0%	50.0M YoY+0.0%	50.0M YoY+0.0%	50.0M YoY+0.0%
Other non-current assets	6.92B YoY+36.3%	5.07B YoY+116.8%	2.34B YoY+30.2%	1.80B YoY-0.8%	1.81B YoY+39.4%
	18.5B YoY+10.9%	16.7B YoY+125.5%	7.41B YoY+5.0%	7.05B YoY+12.3%	6.28B YoY-1.4%
Accounts payable	1.56B YoY-6.1%	1.66B YoY+37.4%	1.21B YoY+21.2%	998M YoY-8.1%	1.09B YoY+29.9%
Accrued liabilities	778M YoY+0.0%	778M YoY+0.0%	778M YoY+0.0%	778M YoY+0.0%	778M YoY+0.9%
Deferred revenue	9.47B YoY+0.8%	9.39B YoY+277.8%	2.49B YoY-15.1%	2.93B YoY+11.9%	2.62B YoY-0.0%
Short-term & current debt	3.15B YoY+153.2%	1.25B YoY-20.3%	1.56B YoY+287.8%	403M YoY+52.7%	264M YoY-68.1%
Current lease liability	144M YoY-30.4%	207M YoY+245.0%	60.0M YoY-18.9%	74.0M YoY-10.8%	83.0M YoY-17.0%
Other current liabilities	11.7B YoY-1.0%	11.8B YoY+222.9%	3.65B YoY-17.2%	4.41B YoY+14.9%	3.84B YoY+0.2%
	89.8B YoY-8.3%	98.0B YoY+100.5%	48.9B YoY-3.3%	50.5B YoY-0.1%	50.6B YoY-2.8%
Long-term debt	62.0B YoY+51.3%	41.0B YoY+0.0%	41.0B YoY+0.0%	41.0B YoY-0.7%	41.2B YoY+2.5%
Deferred revenue (non-current)	3.55B YoY-30.5%	5.10B YoY+1605.7%	299M YoY-27.1%	410M YoY-27.6%	566M YoY-31.2%
Non-current lease liability	1.18B YoY+3.3%	1.14B YoY+218.4%	359M YoY-7.7%	389M YoY-15.4%	460M YoY-12.7%
Deferred tax liabilities	1.32B YoY+0.0%	1.32B YoY+0.0%	1.32B YoY+0.0%	1.32B YoY+0.0%	1.32B YoY+0.0%
Other non-current liabilities	9.30B YoY-37.9%	15.0B YoY+289.3%	3.85B YoY-12.8%	4.41B YoY-9.2%	4.86B YoY-10.4%
	81.3B YoY+20.1%	67.7B YoY+182.1%	24.0B YoY+5.6%	22.7B YoY-9.0%	25.0B YoY+4.6%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	5.00M YoY+0.0%	5.00M YoY+25.0%	4.00M	0.00	0.00
Additional paid-in capital	71.3B YoY+5.7%	67.5B YoY+219.8%	21.1B YoY-0.3%	21.2B YoY-13.0%	24.3B YoY+1.5%
Retained earnings	9.76B	0.00 YoY-100.0%	2.68B YoY+67.2%	1.60B YoY+114.4%	748M
Accumulated other comprehensive income	218M YoY+5.3%	207M YoY+0.0%	207M YoY+483.3%	-54.0M YoY+53.4%	-116M YoY-7.4%
Non-controlling interest	0.00	0.00	0.00	0.00	0.00
Total equity incl. non-controlling	81.3B YoY+20.1%	67.7B YoY+182.1%	24.0B YoY+5.6%	22.7B YoY-9.0%	25.0B YoY+4.6%
Total liabilities & equity	171B YoY+3.3%	166B YoY+127.3%	72.9B YoY-0.5%	73.2B YoY-3.1%	75.6B YoY-0.5%
Common shares issued	4.74B YoY+1.2%	4.69B YoY+13.2%	4.14B YoY+890.2%	418M YoY+1.2%	413M YoY+1.5%
Common shares outstanding	4.74B YoY+1.2%	4.69B YoY+13.2%	4.14B YoY+890.2%	418M YoY+1.2%	413M YoY+1.5%
Shares outstanding (cover)	4.72B YoY+1.1%	4.67B YoY+1031.6%	413M YoY+1.9%	405M YoY-1.6%	412M YoY+1.8%
Cash Flow	as ofNov 2 ’25	as ofNov 3 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
	27.5B YoY+37.9%	20.0B YoY+10.4%	18.1B YoY+8.1%	16.7B YoY+21.6%	13.8B YoY+14.1%
Depreciation & amortization	574M YoY-3.2%	593M YoY+18.1%	502M YoY-5.1%	529M YoY-1.9%	539M YoY-5.4%
Share-based compensation	7.57B YoY+31.8%	5.74B YoY+164.4%	2.17B YoY+41.6%	1.53B YoY-10.0%	1.70B YoY-13.8%
Deferred income taxes	-2.03B YoY-203.5%	1.97B YoY+492.2%	-501M YoY-1013.3%	-45.0M YoY+95.5%	-997M YoY+7.9%
Change in receivables	2.72B YoY+216.8%	-2.33B YoY-1344.4%	187M YoY-78.5%	870M YoY+514.3%	-210M YoY+78.6%
Change in inventory	510M YoY+440.0%	-150M YoY-455.6%	-27.0M YoY-104.3%	627M YoY+113.3%	294M YoY+848.4%
Change in payables	-118M YoY-197.5%	121M YoY-42.1%	209M YoY+364.6%	-79.0M YoY-132.5%	243M YoY+8200.0%
	-580M YoY+97.5%	-23.1B YoY-3248.3%	-689M YoY-3.3%	-667M YoY-172.2%	-245M YoY+97.8%
Capital expenditure	623M YoY+13.7%	548M YoY+21.2%	452M YoY+6.6%	424M YoY-4.3%	443M YoY-4.3%
Acquisitions	0.00 YoY-100.0%	26.0B YoY+48915.1%	53.0M YoY-78.5%	246M YoY+2975.0%	8.00M YoY-99.9%
Purchases of investments	597M YoY+241.1%	175M YoY-49.4%	346M YoY+73.0%	200M	0.00
Sales/maturities of investments	248M YoY+59.0%	156M YoY-31.6%	228M YoY+14.0%	200M YoY+18.3%	169M
Proceeds from sale of PP&E	—	—	—	—	4.00M YoY-66.7%
Other investing activities	-92.0M YoY-1020.0%	10.0M YoY-84.8%	66.0M YoY+2300.0%	-3.00M YoY-137.5%	8.00M YoY+200.0%
	-20.1B YoY-1061.4%	-1.73B YoY+88.9%	-15.6B YoY+1.2%	-15.8B YoY-76.2%	-8.97B YoY-657.0%
Long-term debt issued	15.7B YoY-60.8%	40.0B	0.00 YoY-100.0%	1.94B YoY-80.5%	9.90B YoY-64.4%
Common stock issued	221M YoY+16.3%	190M YoY+55.7%	122M YoY+7.0%	114M YoY-32.9%	170M YoY-38.4%
Common stock repurchased	2.45B YoY-65.9%	7.18B YoY+23.2%	5.82B YoY-16.8%	7.00B	0.00
Dividends paid	11.1B YoY+13.5%	9.81B YoY+28.4%	7.64B YoY+13.5%	6.73B YoY+13.9%	5.91B YoY+13.0%
Other financing activities	-84.0M YoY-33.3%	-63.0M YoY-425.0%	-12.0M YoY+29.4%	-17.0M YoY+59.5%	-42.0M YoY+39.1%
Net change in cash	6.83B YoY+241.1%	-4.84B YoY-373.0%	1.77B YoY+600.8%	253M YoY-94.4%	4.54B YoY+77.3%
Interest paid	2.67B YoY-17.8%	3.25B YoY+116.2%	1.50B YoY+8.4%	1.39B YoY-11.4%	1.56B YoY+11.2%
Income taxes paid	2.59B YoY-17.9%	3.15B YoY+77.0%	1.78B YoY+96.3%	908M YoY+17.2%	775M YoY+54.7%
Valuation Ratios	as ofNov 2 ’25	as ofNov 3 ’24	as ofOct 29 ’23	as ofOct 30 ’22	as ofOct 31 ’21
Market cap	1.75T YoY+121.2%	789B YoY+2180.1%	34.6B YoY+80.7%	19.2B YoY-12.5%	21.9B YoY+54.7%
P/E	91.8× YoY+495.0%	15.4× YoY+520.8%	2.5× YoY+31.8%	1.9× YoY-47.5%	3.6× YoY-36.6%
P/S	29.0× YoY+1627.3%	1.7× YoY+72.1%	1.0× YoY+61.9%	0.6× YoY-26.7%	0.8× YoY+35.7%
P/B	23.7× YoY+1880.9%	1.2× YoY-23.6%	1.6× YoY+71.3%	0.9× YoY+2.1%	0.9× YoY+50.1%
P/FCF	69.7× YoY+1554.5%	4.2× YoY+111.6%	2.0× YoY+59.6%	1.2× YoY-25.0%	1.7× YoY+27.0%
Earnings yield	1.1% YoY-83.2%	6.5% YoY-83.9%	40.2% YoY-24.1%	53.0% YoY+90.5%	27.8% YoY+57.6%
FCF yield	1.4% YoY-94.0%	23.7% YoY-52.7%	50.2% YoY-37.3%	80.1% YoY+33.3%	60.1% YoY-21.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: AVGO's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AVGO filings on SEC EDGAR → Not investment advice.

AVGO▼ financial statements

About this data

financial statements