Broadcom Inc
For the period ended Aug 4, 2024. Filed Sep 11, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 4, 2024 · Filed Sep 11, 2024
AVGO$331.98+3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations - Unaudited
| Fiscal Quarter Ended | Three Fiscal Quarters Ended | |||
|---|---|---|---|---|
| August 4,2024 | July 30,2023 | August 4,2024 | July 30,2023 | |
| (In millions, except per share data) | ||||
| Net revenue: | ||||
| Products | $7,439 | $6,917 | $22,043 | $20,740 |
| Subscriptions and services | 5,633 | 1,959 | 15,477 | 5,784 |
| Total net revenue | 13,072 | 8,876 | 37,520 | 26,524 |
| Cost of revenue: | ||||
| Cost of products sold | 2,434 | 2,107 | 7,023 | 6,351 |
| Cost of subscriptions and services | 699 | 165 | 2,366 | 472 |
| Amortization of acquisition-related intangible assets | 1,525 | 439 | 4,421 | 1,415 |
| Restructuring charges | 58 | 1 | 203 | 3 |
| Total cost of revenue | 4,716 | 2,712 | 14,013 | 8,241 |
| Gross margin | 8,356 | 6,164 | 23,507 | 18,283 |
| Research and development | 2,353 | 1,358 | 7,076 | 3,865 |
| Selling, general and administrative | 1,100 | 388 | 3,949 | 1,174 |
| Amortization of acquisition-related intangible assets | 812 | 350 | 2,431 | 1,046 |
| Restructuring and other charges | 303 | 212 | 1,215 | 231 |
| Total operating expenses | 4,568 | 2,308 | 14,671 | 6,316 |
| Operating income | 3,788 | 3,856 | 8,836 | 11,967 |
| Interest expense | (1,064) | (406) | (3,037) | (1,217) |
| Other income, net | 82 | 124 | 354 | 380 |
| Income from continuing operations before income taxes | 2,806 | 3,574 | 6,153 | 11,130 |
| Provision for income taxes | 4,238 | 271 | 4,190 | 572 |
| Income (loss) from continuing operations | (1,432) | 3,303 | 1,963 | 10,558 |
| Loss from discontinued operations, net of income taxes | (443) | — | (392) | — |
| Net income (loss) | $(1,875) | $3,303 | $1,571 | $10,558 |
| Basic income (loss) per share: | ||||
| Income (loss) per share from continuing operations | $(0.31) | $0.80 | $0.43 | $2.54 |
| Loss per share from discontinued operations | (0.09) | — | (0.09) | — |
| Net income (loss) per share | $(0.40) | $0.80 | $0.34 | $2.54 |
| Diluted income (loss) per share: | ||||
| Income (loss) per share from continuing operations | $(0.31) | $0.77 | $0.41 | $2.47 |
| Loss per share from discontinued operations | (0.09) | — | (0.08) | — |
| Net income (loss) per share | $(0.40) | $0.77 | $0.33 | $2.47 |
| Weighted-average shares used in per share calculations: | ||||
| Basic | 4,663 | 4,130 | 4,606 | 4,154 |
| Diluted | 4,663 | 4,269 | 4,762 | 4,274 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.