Broadcom Inc. AVGO Income Statement

Broadcom inc. (AVGO)

Income statement / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Jul'17	Apr'17
Net revenue:
Total net revenue
5,858	5,776	5,515	5,517	5,789	5,444	5,063	5,014	5,327	4,463	4,190
Cost of revenue:
Cost of products sold
1,459	1,678	1,519	1,457	1,554	1,720	1,656	1,672	1,876	1,658	1,564
Cost of subscriptions and services
177	110	132	135	138	26	24	24	23	-	-
Purchase accounting effect on inventory
-	-	0	0	-	0	0	0	70	1	1
Amortization of acquisition-related intangible assets
950	827	828	826	833	762	762	765	715	655	639
Restructuring charges
8	9	2	10	56	1	2	2	15	0	10
Total cost of revenue
2,594	2,624	2,481	2,428	2,581	2,509	2,444	2,463	2,699	2,314	2,214
Gross Profit
3,264	3,152	3,034	3,089	3,208	2,935	2,619	2,551	2,628	2,149	1,976
Research and development
1,289	1,177	1,235	1,151	1,133	948	959	936	925	827	829
Selling, general and administrative
601	409	410	419	471	237	234	294	291	200	204
Amortization of acquisition-related intangible assets
603	474	475	473	476	67	68	67	339	441	442
Restructuring, impairment and disposal charges
57	38	49	76	573	17	19	53	130	33	27
Total operating expenses
2,550	2,098	2,169	2,119	2,653	1,283	1,280	1,350	1,685	1,501	1,502
Operating Income (Loss)
714	1,054	865	970	555	1,652	1,339	1,201	943	648	474
Interest expense
406	361	362	376	345	148	149	148	183	112	112
Other Nonoperating Income (Expense)
-4	54	41	63	68	24	39	46	35	12	3
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	0	0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
304	747	544	657	278	1,422	1,229	1,099	795	548	365
Benefit from income taxes
-76	-100	-171	-36	-203	307	32	-2,637	-5,786	39	-103
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
380	847	715	693	481	1,115	1,197	3,736	6,581	509	468
Income (loss) from discontinued operations, net of income taxes
5	0	0	-2	-10	0	-1	-3	-15	-2	-4
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
385	847	715	691	471	1,115	1,196	3,733	6,566	507	464
Less: Dividends on preferred stock
74	-	-	-	0	-	-	-	-	-	-
Net income attributable to noncontrolling interest
-	-	0	0	-	0	0	15	336	26	24
Net Income (Loss) Available to Common Stockholders, Basic
311	818	715	691	471	1,115	1,196	3,718	6,230	481	440
Comprehensive income
385	-	-	-	471	-	-	-	-	-	-
Earnings Per Share [Abstract]
Earnings Per Share, Basic [Abstract]
Income per share from continuing operations (in dollars per share)
0.77	2.05	1.80	1.75	1.20	2.52	2.78	8.84	15.23	1.19	1.10
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share
0.01	0.01	0.00	-0.01	-0.03	0.00	0.00	-0.01	-0.03	-0.01	-0.01
Earnings Per Share, Basic
0.78	2.06	1.80	1.74	1.17	2.52	2.78	8.83	15.20	1.18	1.09
Earnings Per Share, Diluted [Abstract]
Income (Loss) from Continuing Operations, Per Diluted Share
0.73	1.96	1.71	1.64	1.15	2.77	2.71	8.34	14.66	1.14	1.06
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share
0.01	0.00	0.00	0.00	-0.03	0.01	0.00	-0.01	-0.04	0.00	-0.01
Earnings Per Share, Diluted
0.74	1.96	1.71	1.64	1.12	2.78	2.71	8.33	14.62	1.14	1.05
Weighted-average shares used in per share calculations:
Weighted Average Number of Shares Outstanding, Basic
398	396	398	397	401	411	430	421	410	407	403
Weighted Average Number of Shares Outstanding, Diluted
420	417	418	422	419	409	441	448	426	445	442
Cash dividends declared and paid per share
-	-	-	-	-	-	-	-	-	1.02	1.02
Products
Total net revenue
4,204	4,647	4,413	4,418	4,639	5,114	4,783	4,749	5,108	-	-
Subscriptions and services
Total net revenue
1,654	1,129	1,102	1,099	1,150	330	280	265	219	-	-