Broadcom (AVGO) FY2024 results: revenue $51.6 billion, up 44.0% on the year
Broadcom Inc. (AVGO) reported revenue of $51.6 billion for fiscal 2024, the year ended 3 November 2024, up 44.0% on the year before. Net income was $5.9 billion, down 58.1%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 20 December 2024.
Revenue
$51.6 billion
+44.0% on the year
FY2017FY2024
Operating margin
26.1%
45.2% a year earlier
FY2017FY2024
Net income
$5.9 billion
-58.1% on the year
FY2017FY2024
Diluted EPS
$1.23
-62.7% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
19,962
18,085
16,736
+10.4%
Capital expenditure
548
452
424
+21.2%
Free cash flow
19,414
17,633
16,312
+10.1%
Free cash flow margin
37.6%
49.2%
49.1%
Cash from investing
-23,070
-689
-667
Cash from financing
-1,733
-15,623
-15,816
Depreciation and amortisation
9,860
3,749
n/a
+163.0%
Share-based compensation
5,741
2,171
1,533
+164.4%
Buybacks
7,176
5,824
7,000
+23.2%
Dividends paid
9,814
7,645
6,733
+28.4%
Dividend per share
$2.10
$1.84
$1.64
+14.4%
Diluted shares, weighted
4,778m
4,270m
4,230m
+11.9%
Shares outstanding at period end
4,686m
4,140m
4,180m
+13.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
67,678
23,988
22,709
+182.1%
Debt
69,847
39,229
39,515
+78.0%
Operating lease liabilities
1,143
359
389
+218.4%
Finance lease liabilities
13.0
4.0
22.0
+225.0%
Other liabilities
26,964
9,281
10,614
+190.5%
Total liabilities and equity
165,645
72,861
73,249
+127.3%
Fixed assets
2,521
2,154
2,223
+17.0%
Goodwill
97,873
43,653
43,614
+124.2%
Intangible assets
40,583
3,867
7,111
+949.5%
Cash and equivalents
9,348
14,189
12,416
-34.1%
Receivables
4,416
3,154
2,958
+40.0%
Inventory
1,760
1,898
1,925
-7.3%
Other assets
9,144
3,946
3,002
+131.7%
Total assets
165,645
72,861
73,249
+127.3%
10-K for the year ended 3 November 2024, filed 20 December 2024: the filing.