Broadcom (AVGO) FY2022 results: revenue $33.2 billion, up 21.0% on the year
Broadcom Inc. (AVGO) reported revenue of $33.2 billion for fiscal 2022, the year ended 30 October 2022, up 21.0% on the year before. Net income was $11.5 billion, up 78.6%, and diluted earnings per share $2.65. The figures are the company's own, from the 10-K it filed with the SEC on 16 December 2022.
Revenue
$33.2 billion
+21.0% on the year
FY2016FY2022
Operating margin
42.8%
31.0% a year earlier
FY2016FY2022
Net income
$11.5 billion
+78.6% on the year
FY2016FY2022
Diluted EPS
$2.65
+76.9% on the year
FY2016FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
16,736
13,764
12,061
+21.6%
Capital expenditure
424
443
463
-4.3%
Free cash flow
16,312
13,321
11,598
+22.5%
Free cash flow margin
49.1%
48.5%
48.6%
Cash from investing
-667
-245
-11,109
Cash from financing
-15,816
-8,974
1,611
Share-based compensation
1,533
1,704
1,976
-10.0%
Buybacks
7,000
0.0
0.0
Dividends paid
6,733
5,913
5,235
+13.9%
Dividend per share
$1.64
$1.44
$1.30
+13.9%
Diluted shares, weighted
4,230m
4,290m
4,210m
-1.4%
Shares outstanding at period end
4,180m
4,130m
4,070m
+1.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
22,709
24,962
23,874
-9.0%
Debt
39,515
39,665
41,498
-0.4%
Operating lease liabilities
389
460
527
-15.4%
Finance lease liabilities
22.0
39.0
48.0
-43.6%
Other liabilities
10,614
10,444
9,986
+1.6%
Total liabilities and equity
73,249
75,570
75,933
-3.1%
Fixed assets
2,223
2,348
2,509
-5.3%
Goodwill
43,614
43,450
43,447
+0.4%
Intangible assets
7,111
11,374
16,782
-37.5%
Cash and equivalents
12,416
12,163
7,618
+2.1%
Receivables
2,958
2,071
2,297
+42.8%
Inventory
1,925
1,297
1,003
+48.4%
Other assets
3,002
2,867
2,277
+4.7%
Total assets
73,249
75,570
75,933
-3.1%
10-K for the year ended 30 October 2022, filed 16 December 2022: the filing.