Broadcom Inc
For the period ended Nov 3, 2024. Filed Dec 20, 2024.
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FY2024 · Filed Dec 20, 2024
AVGO$331.98+3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Fiscal Year Ended | |||
|---|---|---|---|
| November 3,2024 | October 29,2023 | October 30,2022 | |
| (In millions) | |||
| Cash flows from operating activities: | |||
| Net income | $5,895 | $14,082 | $11,495 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of intangible and right-of-use assets | 9,417 | 3,333 | 4,455 |
| Depreciation | 593 | 502 | 529 |
| Stock-based compensation | 5,741 | 2,171 | 1,533 |
| Deferred taxes and other non-cash taxes | 1,965 | (501) | (34) |
| Loss on debt extinguishment | 157 | — | 100 |
| Non-cash interest expense | 427 | 132 | 129 |
| Other | 404 | 9 | 183 |
| Changes in assets and liabilities, net of acquisitions and disposals: | |||
| Trade accounts receivable, net | 2,327 | (187) | (870) |
| Inventory | 150 | 27 | (627) |
| Accounts payable | 121 | 209 | (79) |
| Employee compensation and benefits | 78 | (279) | 136 |
| Other current assets and current liabilities | (5,323) | (628) | 222 |
| Other long-term assets and long-term liabilities | (1,990) | (785) | (436) |
| Net cash provided by operating activities | 19,962 | 18,085 | 16,736 |
| Cash flows from investing activities: | |||
| Acquisitions of businesses, net of cash acquired | (25,978) | (53) | (246) |
| Proceeds from sale of business | 3,485 | — | — |
| Purchases of property, plant and equipment | (548) | (452) | (424) |
| Purchases of investments | (175) | (346) | (200) |
| Sales of investments | 156 | 228 | 200 |
| Other | (10) | (66) | 3 |
| Net cash used in investing activities | (23,070) | (689) | (667) |
| Cash flows from financing activities: | |||
| Proceeds from long-term borrowings | 39,954 | — | 1,935 |
| Payments on debt obligations | (19,608) | (403) | (2,361) |
| Payments of dividends | (9,814) | (7,645) | (7,032) |
| Repurchases of common stock - repurchase program | (7,176) | (5,824) | (7,000) |
| Shares repurchased for tax withholdings on vesting of equity awards | (5,216) | (1,861) | (1,455) |
| Issuance of common stock | 190 | 122 | 114 |
| Other | (63) | (12) | (17) |
| Net cash used in financing activities | (1,733) | (15,623) | (15,816) |
| Net change in cash and cash equivalents | (4,841) | 1,773 | 253 |
| Cash and cash equivalents at beginning of period | 14,189 | 12,416 | 12,163 |
| Cash and cash equivalents at end of period | $9,348 | $14,189 | $12,416 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $3,250 | $1,503 | $1,386 |
| Cash paid for income taxes | $3,155 | $1,782 | $908 |
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