Fiscal Quarter Ending 

November 1,

Expected average diluted share count:

2020

  Weighted-average shares used in per share calculation - diluted on GAAP basis

424

 Non-GAAP adjustment ⁽¹⁾

27

  Weighted-average shares used in per share calculation - diluted on non-GAAP basis

451

(1) Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of stock-based compensation expense expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. For the fiscal quarter and three fiscal quarters ended August 2, 2020 and the fiscal quarter ended May 3, 2020, the non-GAAP adjustment included the impact of Mandatory Convertible Preferred Stock that was antidilutive on a GAAP basis. For the fiscal quarter ending November 1, 2020, the non-GAAP adjustment includes the impact of Mandatory Convertible Preferred Stock that is expected to be antidilutive on a GAAP basis.

BROADCOM INC.

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED

(IN MILLIONS)

August 2,

November 3,

2020

2019

ASSETS

Current assets:

  Cash and cash equivalents

$

8,857

$

5,055

  Trade accounts receivable, net

2,684

3,259

  Inventory

1,081

874

  Other current assets

1,059

729

  Total current assets

13,681

9,917

Long-term assets:

  Property, plant and equipment, net

2,567

2,565

  Goodwill

43,447

36,714

  Intangible assets, net

18,357

17,554

  Other long-term assets

1,246

743

  Total assets

$

79,298

$

67,493

LIABILITIES AND EQUITY

Current liabilities:

  Accounts payable

$

1,092

$

855

  Employee compensation and benefits

732

641

  Current portion of long-term debt

822

2,787

  Other current liabilities

4,056

2,616

  Total current liabilities

6,702

6,899

Long-term liabilities:

  Long-term debt

43,201

30,011

  Other long-term liabilities

5,810

5,613

  Total liabilities

55,713

42,523

Preferred stock dividend obligation

28

29

Stockholders' equity:

  Preferred stock

-

-

  Common stock

-

-

  Additional paid-in capital

23,688

25,081

  Retained earnings

-

-

  Accumulated other comprehensive loss

(131)

(140)

  Total stockholders' equity

23,557

24,941

    Total liabilities and equity

$

79,298

$

67,493