Broadcom Revenue, Profits - AVGO Annual Income Statement

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$253.71 $4.36 (1.75%) AVGO stock closing price Feb 23, 2018 (Closing)

Financial analysis of Broadcom involves more than just checking the Broadcom stock price, by looking at the financial statements of the company in detail. The income statement gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. Like any other income statement, the AVGO income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue growth of 33.2% when compared to the same period in the past. The operating expenses as shown in the Broadcom profit and loss statement for 2017 total to $6.13B. This line item shows that the operating expenses has decreased compared with last year. Also check: Broadcom assets and Broadcom free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Nov - Oct2017201620152014201320122011201020092008
Broadcom Revenues or Net Sales
17.64B13.24B6.82B4.27B2.52B2.36B2.34B2.09B1.48B1.7B
Cost Of Goods Sold (COGS)9.13B7.3B3.27B2.39B1.32B1.22B1.19B1.13B924M1.04B
Broadcom Gross Profit
8.51B5.94B3.55B1.88B1.2B1.14B1.15B966M560M655M
Research & Development Expense3.29B2.67B1.05B695M398M335M317M280M245M265M
Selling General & Admin Expense1.07B1.8B623M547M224M204M224M199M246M202M
Income Before Depreciation Depletion Amortization4.15B1.46B1.88B635M576M603M606M487M69M188M
Depreciation Depletion Amortization1.76B1.87B249M197M24M21M22M21M21M28M
Non Operating Income-104M-113M26M14M18M4M-19M-26M-7M-14M
Interest Expense454M585M191M110M2M1M4M34M77M86M
Broadcom Pretax Income
1.83B-1.11B1.47B342M568M585M561M406M-36M60M
Provision for Income Taxes35M642M76M33M16M22M9M-9M8M3M
MinorityInterest92M-122M--------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations1.79B-1.75B1.39B309M552M563M552M415M-44M57M
Extraordinary Items & Discontinued Operations-6M-112M-27M-46M-----26M
Broadcom Profit/ Loss (Net Income)
1.69B-1.74B1.36B263M552M563M552M415M-44M83M
Average Shares used to compute Diluted EPS421M383M281M267M252M250M252M246M219M219M
Average Shares used to compute Basic EPS405M366M264M251M247M245M245M238M219M214M
Income Before Nonrecurring Items6.39B4.01B2.4B1.24B658.07M647M654M522M131M79.44M
Income from Nonrecurring Items-4.59B-5.64B-1B-934.55M-106.07M-84M-102M-107M-175M-22.44M
Broadcom Earnings Per Share Basic Net
4.43-4.755.171.052.232.302.251.74-0.200.39
Broadcom Earnings Per Share Diluted Net
4.27M-4.86M4.85M-2.19M2.25M2.19M1.69M-0.2M-
EPS Diluted Before Nonrecurring Items14.309.788.294.552.612.592.602.120.600.36
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common4.081.941.551.130.800.560.350.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Broadcom stock analysis are:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that AVGO stock has a topline or revenue of $17.64B for 2017 as per this Broadcom revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $1.69B for AVGO stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called the profit and loss statement. Apart from the AVGO income statement, one can check the Broadcom historical stock prices to check how the price has moved with time.

Broadcom Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
59.56
PS Ratio (price sales ratio)
5.87
Operating Margin
15.6
Net Profit Margin
13.1
Dividend Yield
1.61%