Broadcom (AVGO) FY2021 results: revenue $27.4 billion, up 14.9% on the year
Broadcom Inc. (AVGO) reported revenue of $27.4 billion for fiscal 2021, the year ended 31 October 2021, up 14.9% on the year before. Net income was $6.4 billion, up 141.7%, and diluted earnings per share $1.50. The figures are the company's own, from the 10-K it filed with the SEC on 17 December 2021.
Revenue
$27.4 billion
+14.9% on the year
FY2016FY2021
Operating margin
31.0%
16.8% a year earlier
FY2016FY2021
Net income
$6.4 billion
+141.7% on the year
FY2016FY2021
Diluted EPS
$1.50
+137.0% on the year
FY2016FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
13,764
12,061
9,697
+14.1%
Capital expenditure
443
463
432
-4.3%
Free cash flow
13,321
11,598
9,265
+14.9%
Free cash flow margin
48.5%
48.6%
41.0%
Cash from investing
-245
-11,109
-15,422
Cash from financing
-8,974
1,611
6,488
Depreciation and amortisation
n/a
n/a
5,808
Share-based compensation
1,704
1,976
2,185
-13.8%
Buybacks
0.0
0.0
5,435
Dividends paid
5,913
5,235
4,235
+13.0%
Dividend per share
$1.44
$1.30
$1.06
+10.8%
Diluted shares, weighted
4,290m
4,210m
4,190m
+1.9%
Shares outstanding at period end
4,130m
4,070m
3,976m
+1.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
24,962
23,874
24,941
+4.6%
Debt
39,665
41,498
33,059
-4.4%
Operating lease liabilities
460
527
n/a
-12.7%
Finance lease liabilities
39.0
48.0
n/a
-18.8%
Other liabilities
10,444
9,986
9,493
+4.6%
Total liabilities and equity
75,570
75,933
67,493
-0.5%
Fixed assets
2,348
2,509
2,565
-6.4%
Goodwill
43,450
43,447
36,714
+0.0%
Intangible assets
11,374
16,782
17,554
-32.2%
Cash and equivalents
12,163
7,618
5,055
+59.7%
Receivables
2,071
2,297
3,259
-9.8%
Inventory
1,297
1,003
874
+29.3%
Other assets
2,867
2,277
1,472
+25.9%
Total assets
75,570
75,933
67,493
-0.5%
10-K for the year ended 31 October 2021, filed 17 December 2021: the filing.