Broadcom Inc.

AVGO 10-K · FY 2025

AVGO FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 63,887 51,574 +23.9%
Show Product Lines breakouts
Product 44,847 34,960 +28.3%
Product · Americas 7,908 4,898 +61.5%
Product · Asia Pacific 33,596 26,869 +25.0%
Product · EMEA 3,343 3,193 +4.7%
Subscriptions and services 19,040 16,614 +14.6%
Subscriptions and services · Americas 11,031 10,072 +9.5%
Subscriptions and services · Asia Pacific 2,300 1,553 +48.1%
Subscriptions and services · EMEA 5,709 4,989 +14.4%
Show Business Segments breakouts
Infrastructure Software 27,029 21,478 +25.8%
Semiconductor Solutions 36,858 30,096 +22.5%
Show Geography breakouts
Americas 18,939 14,970 +26.5%
Asia Pacific 35,896 28,422 +26.3%
China (including Hong Kong) [Member] 11,155 10,483 +6.4%
EMEA 9,052 8,182 +10.6%
Other 18,979 18,645 +1.8%
SG 10,796 9,559 +12.9%
TW 6,451
US 16,506 12,887 +28.1%
Show Business Acquisition breakouts
VMware Acquisition 12,384
Costof Products Sold 12,115 9,805 +23.6%
Costof Subscriptionsand Services 2,371 2,983 -20.5%
Amortizationofacquisitionrelatedintangibleassetscostofproductssold 6,031 6,023 +0.1%
Restructuring Charges Cost Of Products Sold 76 254 -70.1%
Cost of Revenue 20,593 19,065 +8.0%
Show Business Segments breakouts
Semiconductor Solutions and Infrastructure Software 13,642 12,115 +12.6%
Gross Profit 43,294 32,509 +33.2%
Research & Development 10,977 9,310 +17.9%
Show Business Segments breakouts
Semiconductor Solutions and Infrastructure Software 5,957 5,847 +1.9%
Selling, General & Administrative 4,211 4,959 -15.1%
Show Business Segments breakouts
Semiconductor Solutions and Infrastructure Software 2,291 2,876 -20.3%
Amortizationofacquisitionrelatedintangibleassetsoperatingexpenses 2,031 3,244 -37.4%
Restructuring Settlement And Impairment Provisions 591 1,533 -61.4%
Operating Expenses 17,810 19,046 -6.5%
Operating Income 25,484 13,463 +89.3%
Show Business Segments breakouts
Infrastructure Software 20,765 13,977 +48.6%
Semiconductor Solutions 21,232 16,759 +26.7%
Interest Expense -3,210 -3,953 +18.8%
Other Non-Operating Income (Expense) 455 406 +12.1%
Income Before Taxes 22,729 9,916 +129.2%
Income Tax Expense (Benefit) -397 3,748 -110.6%
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest 23,126 6,168 +274.9%
Net Income 23,126 5,895 +292.3%
Show Equity Components breakouts
Retained Earnings 23,126 5,895 +292.3%
EPS (Basic) 4.91 1.27 +286.6%
EPS (Diluted) 4.77 1.23 +287.8%
Wtd Avg Shares (Basic) 4,712 4,624 +1.9%
Wtd Avg Shares (Diluted) 4,853 4,778 +1.6%
Gain Loss On Investments -17 -12 -41.7%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 16,178 9,348 +73.1%
Accounts Receivable 7,145 4,416 +61.8%
Inventory 2,270 1,760 +29.0%
Other Assets Current 5,980 4,071 +46.9%
Total Current Assets 31,573 19,595 +61.1%
Non-Current Assets
Property, Plant & Equipment 2,530 2,521 +0.4%
Show Geography breakouts
Other 387 471 -17.8%
TW 446 365 +22.2%
US 1,697 1,685 +0.7%
Goodwill 97,801 97,873 -0.1%
Show Business Segments breakouts
Infrastructure Software 71,788 71,858 -0.1%
Semiconductor Solutions 26,013 26,015 -0.0%
Intangible Assets Net Excluding Goodwill 32,273 40,583 -20.5%
Other Non-Current Assets 6,915 5,073 +36.3%
Total Assets 171,092 165,645 +3.3%
Operating Lease Right-of-Use Assets 1,318 1,325 -0.5%
Intangible Assets 31,453 38,243 -17.8%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Contracts 11,788 13,915 -15.3%
Other Intangible Assets 72 61 +18.0%
Technology Based Intangible Assets 18,380 22,916 -19.8%
Trade Names 1,213 1,351 -10.2%
Current Liabilities
Accounts Payable 1,560 1,662 -6.1%
Employee Related Liabilities Current 2,129 1,971 +8.0%
Long Term Debt And Capital Lease Obligations Current 3,152 1,271 +148.0%
Other Liabilities Current 11,673 11,793 -1.0%
Total Current Liabilities 18,514 16,697 +10.9%
Deferred Revenue (Current) 9,469 9,395 +0.8%
Current Portion of Long-Term Debt 3,152 1,245 +153.2%
Non-Current Liabilities
Long Term Debt And Capital Lease Obligations 61,984 66,295 -6.5%
Other Non-Current Liabilities 9,302 14,975 -37.9%
Total Liabilities 89,800 97,967 -8.3%
Operating Lease Liabilities 1,181 1,143 +3.3%
Contract With Customer Liability Noncurrent 3,547 5,100 -30.5%
Stockholders' Equity
Common Stock 5 5 0.0%
Additional Paid-In Capital 71,308 67,466 +5.7%
Retained Earnings 9,761
Accumulated Other Comprehensive Income 218 207 +5.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 81,292 67,678 +20.1%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 218 207 +5.3%
Additional Paid In Capital 71,308 67,466 +5.7%
Common Stock 5 5 0.0%
Retained Earnings 9,761
Total Liabilities & Equity 171,092 165,645 +3.3%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Amortizationofintangibleandrightofuseassets 8,201 9,417 -12.9%
Depreciation 574 593 -3.2%
Stock-Based Compensation 7,568 5,741 +31.8%
Deferred Income Taxesand Other Noncash Tax Expense -4,008 1,965 -304.0%
Gains Losses On Extinguishment Of Debt 138 157 -12.1%
Amortization Of Financing Costs And Discounts 344 427 -19.4%
Other Non-Cash Items 94 404 -76.7%
Change in Accounts Receivable -2,717 2,327 -216.8%
Change in Inventory -510 150 -440.0%
Change in Accounts Payable -118 121 -197.5%
Increase Decrease In Employee Related Liabilities 300 78 +284.6%
Increase Decrease In Other Current Assets And Liabilities Net -1,837 -5,323 +65.5%
Increase Decrease In Other Noncurrent Assets And Liabilities Net -3,618 -1,990 -81.8%
Net Cash from Operations 27,537 19,962 +37.9%
Deferred Income Taxes -2,033 1,965 -203.5%
Investing Activities
Proceeds From Divestiture Of Businesses 300 3,485 -91.4%
Capital Expenditures -623 -548 -13.7%
Payments To Acquire Investments 597 175 +241.1%
Proceeds From Sale Maturity And Collections Of Investments 248 156 +59.0%
Other Investing Activities 92 -10 +1020.0%
Net Cash from Investing -580 -23,070 +97.5%
Financing Activities
Proceeds From Issuance Of Long Term Debt 15,666 39,954 -60.8%
Debt Repayments -18,478 -19,608 +5.8%
Show Debt Instrument breakouts
2023 Term Loan Total -13,595
Senior Notes -4,882
Payments Of Dividends -11,142 -9,814 -13.5%
Share Repurchases -2,450 -7,176 +65.9%
Show Share Repurchase Program breakouts
April 2025 Repurchase Plan -2,450
Tax Withholding for Share Compensation -3,860 -5,216 +26.0%
Proceeds From Issuance Of Common Stock 221 190 +16.3%
Proceeds From Payments For Other Financing Activities -84 -63 -33.3%
Net Cash from Financing -20,127 -1,733 -1061.4%
Supplemental
Interest Paid 2,672 3,250 -17.8%
Income Taxes Paid 2,589 3,155 -17.9%
Other Cash Flow
Net Change in Cash 6,830 -4,841 +241.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 16,178 9,348 +73.1%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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