Broadcom Historical Income Statement
AVGO Stock | USD 183.20 11.39 6.63% |
Historical analysis of Broadcom income statement accounts such as Interest Expense of 2 B, Selling General Administrative of 1.9 B or Total Revenue of 43.3 B can show how well Broadcom performed in making a profits. Evaluating Broadcom income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Broadcom's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Broadcom latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Broadcom is a good buy for the upcoming year.
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About Broadcom Income Statement Analysis
Broadcom Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Broadcom shareholders. The income statement also shows Broadcom investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Broadcom Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Broadcom generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Broadcom minus its cost of goods sold. It is profit before Broadcom operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Broadcom. It is also known as Broadcom overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Broadcom whose combined shares represent less than 50% of the total outstanding shares issued by Broadcom have a minority interest in Broadcom.Most accounts from Broadcom's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Broadcom current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadcom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Broadcom Stock, please use our How to Invest in Broadcom guide.At this time, Broadcom's EBIT is very stable compared to the past year. As of the 12th of December 2024, Research Development is likely to grow to about 6.3 B, while Depreciation And Amortization is likely to drop about 2.8 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.7B | 1.6B | 1.9B | 2.0B | Depreciation And Amortization | 5.0B | 3.8B | 4.4B | 2.8B |
Broadcom income statement Correlations
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Broadcom Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Broadcom income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 6.9B | 6.0B | 5.0B | 3.8B | 4.4B | 2.8B | |
Interest Expense | 1.8B | 1.9B | 1.7B | 1.6B | 1.9B | 2.0B | |
Selling General Administrative | 1.9B | 1.3B | 1.4B | 1.6B | 1.8B | 1.9B | |
Total Revenue | 23.9B | 27.5B | 33.2B | 35.8B | 41.2B | 43.3B | |
Gross Profit | 13.5B | 16.8B | 22.1B | 24.7B | 28.4B | 29.8B | |
Other Operating Expenses | 19.7B | 18.8B | 18.9B | 19.6B | 22.6B | 23.7B | |
Operating Income | 4.0B | 8.5B | 14.2B | 16.2B | 18.6B | 19.6B | |
Ebit | 4.2B | 8.7B | 14.2B | 16.7B | 19.2B | 20.2B | |
Research Development | 5.0B | 4.9B | 4.9B | 5.3B | 6.0B | 6.3B | |
Ebitda | 11.1B | 14.7B | 19.2B | 20.6B | 23.6B | 24.8B | |
Cost Of Revenue | 10.4B | 10.6B | 11.1B | 11.1B | 12.8B | 13.4B | |
Total Operating Expenses | 9.3B | 8.2B | 7.8B | 8.5B | 9.8B | 10.2B | |
Income Before Tax | 2.4B | 6.8B | 12.4B | 15.1B | 17.4B | 18.2B | |
Total Other Income Expense Net | (1.6B) | (1.8B) | (1.8B) | (1.1B) | (999M) | (949.1M) | |
Net Income | 3.0B | 6.7B | 11.5B | 14.1B | 16.2B | 17.0B | |
Income Tax Expense | (518M) | 29M | 939M | 1.0B | 913.5M | 959.2M | |
Net Income Applicable To Common Shares | 2.7B | 2.7B | 6.4B | 11.2B | 12.9B | 13.6B | |
Net Income From Continuing Ops | 3.0B | 6.7B | 11.5B | 14.1B | 16.2B | 17.0B | |
Tax Provision | (518M) | 29M | 939M | 1.0B | 1.2B | 1.2B | |
Interest Income | 53M | 16M | 100M | 535M | 615.3M | 646.0M | |
Net Interest Income | (1.8B) | (1.9B) | (1.7B) | (1.6B) | (1.5B) | (1.5B) | |
Reconciled Depreciation | 6.9B | 6.0B | 5.0B | 3.8B | 3.5B | 4.2B |
Pair Trading with Broadcom
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Broadcom position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Broadcom will appreciate offsetting losses from the drop in the long position's value.Moving together with Broadcom Stock
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Moving against Broadcom Stock
The ability to find closely correlated positions to Broadcom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broadcom when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Broadcom - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Broadcom to buy it.
The correlation of Broadcom is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Broadcom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadcom moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Broadcom can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broadcom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Broadcom Stock, please use our How to Invest in Broadcom guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Broadcom. If investors know Broadcom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Broadcom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.881 | Dividend Share 2.105 | Earnings Share 1.24 | Revenue Per Share 10.429 | Quarterly Revenue Growth 0.164 |
The market value of Broadcom is measured differently than its book value, which is the value of Broadcom that is recorded on the company's balance sheet. Investors also form their own opinion of Broadcom's value that differs from its market value or its book value, called intrinsic value, which is Broadcom's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Broadcom's market value can be influenced by many factors that don't directly affect Broadcom's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Broadcom's value and its price as these two are different measures arrived at by different means. Investors typically determine if Broadcom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Broadcom's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.