AVGO FY 2011 Earnings Report — Broadcom Inc. Revenue & Financial Results | Market Cap Arena

Broadcom Inc.AVGO

FY 2011 Earnings

Reported October 31, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.1B	—	11.6%
Op. Income	$584M	—	$470M	—	24.3%
Gross Margin	49.1%	—	46.2%	—	2.9pp
Net Margin	23.6%	—	19.8%	—	3.8pp
EPS (Diluted)	$0.22	—	$0.17	—	29.4%
Free Cash Flow	$614M	—	$431M	—	42.5%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.1B
R&D Expenses	$317M
Selling & Marketing	$0
General & Administrative	$220M
SG&A Expenses	$220M
Other Expenses	$22M
Operating Expenses	$559M
Cost & Expenses	$1.7B
OPERATING INCOME	$584M
Interest Income	$1M
Interest Expense	$4M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$561M
Income Tax Expense	$9M
Net Income from Continuing Ops	$552M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$552M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$552M
D&A	$157M
EBIT	$564M
EBITDA	$722M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.1B
R&D Expenses	$317M
Selling & Marketing	$0
General & Administrative	$220M
SG&A Expenses	$220M
Other Expenses	$22M
Operating Expenses	$559M
Cost & Expenses	$1.7B
OPERATING INCOME	$584M
Interest Income	$1M
Interest Expense	$4M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$561M
Income Tax Expense	$9M
Net Income from Continuing Ops	$552M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$552M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$552M
D&A	$157M
EBIT	$564M
EBITDA	$722M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$552M
Depreciation & Amortization	$157M
Stock-Based Compensation	$38M
Deferred Income Tax	-$538M
Other Non-Cash Items	$552M
Change in Working Capital	-$35M
OPERATING CASH FLOW	$726M
Capital Expenditure	-$112M
Acquisitions (Net)	$0
Purchases of Investments	-$1M
Sales/Maturities of Investments	$0
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$122M
Net Debt Issuance	-$233M
Common Stock Repurchased	-$93M
Common Dividends Paid	-$86M
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$336M
FREE CASH FLOW	$614M
Net Change in Cash	$268M

Balance Sheet

Item	Amount
Cash & Equivalents	$829M
Short-Term Investments	$0
Net Receivables	$331M
Inventory	$194M
Other Current Assets	$32M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$316M
Goodwill	$177M
Intangible Assets	$499M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$61M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.4B
Account Payables	$221M
Short-Term Debt	$0
Deferred Revenue	$10M
Other Current Liabilities	$18M
TOTAL CURRENT LIABILITIES	$350M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$86M
TOTAL NON-CURRENT LIABILITIES	$90M
TOTAL LIABILITIES	$440M
Common Stock	$0
Additional Paid-In Capital	$1.5B
Retained Earnings	$525M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$6M
Net Debt	-$823M