Broadcom Inc.
For the period ended Nov 2, 2025. Filed Dec 18, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Dec 18, 2025
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 2,2025 | November 3,2024 | October 29,2023 | |
| (In millions) | |||
| Cash flows from operating activities: | |||
| Net income | $23,126 | $5,895 | $14,082 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization of intangible and right-of-use assets | 8,201 | 9,417 | 3,333 |
| Depreciation | 574 | 593 | 502 |
| Stock-based compensation | 7,568 | 5,741 | 2,171 |
| Deferred taxes and other non-cash taxes | (4,008) | 1,965 | (501) |
| Loss on debt extinguishment | 138 | 157 | — |
| Non-cash interest expense | 344 | 427 | 132 |
| Other | 94 | 404 | 9 |
| Changes in assets and liabilities, net of acquisitions and disposals: | |||
| Trade accounts receivable, net | (2,717) | 2,327 | (187) |
| Inventory | (510) | 150 | 27 |
| Accounts payable | (118) | 121 | 209 |
| Employee compensation and benefits | 300 | 78 | (279) |
| Other current assets and current liabilities | (1,837) | (5,323) | (628) |
| Other long-term assets and long-term liabilities | (3,618) | (1,990) | (785) |
| Net cash provided by operating activities | 27,537 | 19,962 | 18,085 |
| Cash flows from investing activities: | |||
| Acquisitions of businesses, net of cash acquired | — | (25,978) | (53) |
| Proceeds from sales of businesses | 300 | 3,485 | — |
| Purchases of property, plant and equipment | (623) | (548) | (452) |
| Purchases of investments | (597) | (175) | (346) |
| Sales of investments | 248 | 156 | 228 |
| Other | 92 | (10) | (66) |
| Net cash used in investing activities | (580) | (23,070) | (689) |
| Cash flows from financing activities: | |||
| Proceeds from long-term borrowings | 15,666 | 39,954 | — |
| Payments on debt obligations | (18,478) | (19,608) | (403) |
| Payments of dividends | (11,142) | (9,814) | (7,645) |
| Repurchases of common stock - repurchase program | (2,450) | (7,176) | (5,824) |
| Shares repurchased for tax withholdings on vesting of equity awards | (3,860) | (5,216) | (1,861) |
| Issuance of common stock | 221 | 190 | 122 |
| Other | (84) | (63) | (12) |
| Net cash used in financing activities | (20,127) | (1,733) | (15,623) |
| Net change in cash and cash equivalents | 6,830 | (4,841) | 1,773 |
| Cash and cash equivalents at beginning of period | 9,348 | 14,189 | 12,416 |
| Cash and cash equivalents at end of period | $16,178 | $9,348 | $14,189 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $2,672 | $3,250 | $1,503 |
| Cash paid for income taxes | $2,589 | $3,155 | $1,782 |
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