Broadcom Inc
For the period ended Nov 3, 2024. Filed Dec 20, 2024.
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FY2024 · Filed Dec 20, 2024
AVGO$319.48+8.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Fiscal Year Ended | |||
|---|---|---|---|
| November 3,2024 | October 29,2023 | October 30,2022 | |
| (In millions, except per share data) | |||
| Net revenue: | |||
| Products | $30,359 | $27,891 | $26,277 |
| Subscriptions and services | 21,215 | 7,928 | 6,926 |
| Total net revenue | 51,574 | 35,819 | 33,203 |
| Cost of revenue: | |||
| Cost of products sold | 9,797 | 8,636 | 7,629 |
| Cost of subscriptions and services | 2,991 | 636 | 627 |
| Amortization of acquisition-related intangible assets | 6,023 | 1,853 | 2,847 |
| Restructuring charges | 254 | 4 | 5 |
| Total cost of revenue | 19,065 | 11,129 | 11,108 |
| Gross margin | 32,509 | 24,690 | 22,095 |
| Research and development | 9,310 | 5,253 | 4,919 |
| Selling, general and administrative | 4,959 | 1,592 | 1,382 |
| Amortization of acquisition-related intangible assets | 3,244 | 1,394 | 1,512 |
| Restructuring and other charges | 1,533 | 244 | 57 |
| Total operating expenses | 19,046 | 8,483 | 7,870 |
| Operating income | 13,463 | 16,207 | 14,225 |
| Interest expense | (3,953) | (1,622) | (1,737) |
| Other income (expense), net | 406 | 512 | (54) |
| Income from continuing operations before income taxes | 9,916 | 15,097 | 12,434 |
| Provision for income taxes | 3,748 | 1,015 | 939 |
| Income from continuing operations | 6,168 | 14,082 | 11,495 |
| Loss from discontinued operations, net of income taxes | (273) | — | — |
| Net income | 5,895 | 14,082 | 11,495 |
| Dividends on preferred stock | — | — | (272) |
| Net income attributable to common stock | $5,895 | $14,082 | $11,223 |
| Basic income per share attributable to common stock: | |||
| Income per share from continuing operations | $1.33 | $3.39 | $2.74 |
| Loss per share from discontinued operations | (0.06) | — | — |
| Net income per share | $1.27 | $3.39 | $2.74 |
| Diluted income per share attributable to common stock: | |||
| Income per share from continuing operations | $1.29 | $3.30 | $2.65 |
| Loss per share from discontinued operations | (0.06) | — | — |
| Net income per share | $1.23 | $3.30 | $2.65 |
| Weighted-average shares used in per share calculations: | |||
| Basic | 4,624 | 4,149 | 4,089 |
| Diluted | 4,778 | 4,272 | 4,232 |
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