Broadcom Inc. (AVGO)

Broadcom Income Statement

Financials in millions USD. Fiscal year is November - October.

Year	2023	2022	2021	2020	2019
Revenue	35,819	33,203	27,450	23,888	22,597
Revenue Growth (YoY)	7.88%	20.96%	14.91%	5.71%	8.39%
Cost of Revenue	11,129	11,108	10,606	10,372	10,114
Gross Profit	24,690	22,095	16,844	13,516	12,483
Selling, General & Admin	1,592	1,382	1,347	1,935	1,709
Research & Development	5,253	4,919	4,854	4,968	4,696
Other Operating Expenses	1,638	1,569	2,124	2,599	2,634
Operating Expenses	8,483	7,870	8,325	9,502	9,039
Operating Income	16,207	14,225	8,519	4,014	3,444
Interest Expense / Income	1,622	1,737	1,885	1,777	1,444
Other Expense / Income	-512	54	-131	-205	-214
Pretax Income	15,097	12,434	6,765	2,442	2,214
Income Tax	1,015	939	29	-518	-510
Net Income	14,082	11,495	6,736	2,960	2,724
Preferred Dividends	0	272	299	297	29
Net Income Common	14,082	11,223	6,437	2,663	2,695
Net Income Growth	25.47%	74.35%	141.72%	-1.19%	-78.02%
Shares Outstanding (Basic)	415	409	410	402	398
Shares Outstanding (Diluted)	427	423	429	421	419
Shares Change	0.95%	-1.40%	1.90%	0.48%	-2.78%
EPS (Basic)	33.93	27.44	15.70	6.62	6.77
EPS (Diluted)	32.98	26.53	15.00	6.33	6.43
EPS Growth	24.31%	76.87%	136.97%	-1.56%	-77.39%
Free Cash Flow	17,633	16,312	13,321	11,598	9,353
Free Cash Flow Per Share	42.49	39.88	32.49	28.85	23.50
Dividend Per Share	18.400	16.400	14.400	13.000	10.600
Dividend Growth	12.20%	13.89%	10.77%	22.64%	51.43%
Gross Margin	68.93%	66.55%	61.36%	56.58%	55.24%
Operating Margin	45.25%	42.84%	31.03%	16.80%	15.24%
Profit Margin	39.31%	33.80%	23.45%	11.15%	11.93%
Free Cash Flow Margin	49.23%	49.13%	48.53%	48.55%	41.39%
Effective Tax Rate	6.72%	7.55%	0.43%	-21.21%	-23.04%
EBITDA	20,554	19,155	14,691	11,124	9,466
EBITDA Margin	57.38%	57.69%	53.52%	46.57%	41.89%
Depreciation & Amortization	3,835	4,984	6,041	6,905	5,808
EBIT	16,719	14,171	8,650	4,219	3,658
EBIT Margin	46.68%	42.68%	31.51%	17.66%	16.19%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).