Broadcom Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results and Quarterly Dividend

 

BROADCOM INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED

(IN MILLIONS)



















Fiscal Quarter Ended


Fiscal Year Ended



October 29,


July 30,


October 30,


October 29,


October 30,



2023


2023


2022


2023


2022

Cash flows from operating activities:
















Net income


$

3,524


$

3,303


$

3,359


$

14,082


$

11,495

Adjustments to reconcile net income to net cash provided by operating activities:















Amortization of intangible and right-of-use assets



808



810



1,087



3,333



4,455

Depreciation



124



122



129



502



529

Stock-based compensation



638



629



387



2,171



1,533

Deferred taxes and other non-cash taxes



639



(251)



(89)



(501)



(34)

Loss on debt extinguishment



-



-



-



-



100

Non-cash interest expense



34



33



32



132



129

Other



27



-



31



9



183

Changes in assets and liabilities, net of acquisitions and disposals:
















  Trade accounts receivable, net



(231)



135



(241)



(187)



(870)

  Inventory



(56)



44



(87)



27



(627)

  Accounts payable



215



188



304



209



(79)

  Employee compensation and benefits



103



184



128



(279)



136

  Other current assets and current liabilities



(694)



(339)



(388)



(628)



222

  Other long-term assets and long-term liabilities



(303)



(139)



(69)



(785)



(436)

Net cash provided by operating activities



4,828



4,719



4,583



18,085



16,736

















Cash flows from investing activities:
















Acquisitions of businesses, net of cash acquired



(36)



(17)



(7)



(53)



(246)

Purchases of property, plant and equipment



(105)



(122)



(122)



(452)



(424)

Purchases of investments



(58)



(91)



-



(346)



(200)

Sales of investments



154



74



-



228



200

Other



(79)



12



1



(66)



3

Net cash used in investing activities



(124)



(144)



(128)



(689)



(667)

















Cash flows from financing activities:
















Proceeds from long-term borrowings



-



-



-



-



1,935

Payments on debt obligations



(143)



-



(9)



(403)



(2,361)

Payments of dividends



(1,904)



(1,901)



(1,782)



(7,645)



(7,032)

Repurchases of common stock - repurchase program



(123)



(1,707)



-



(5,824)



(7,000)

Shares repurchased for tax withholdings on vesting of equity awards



(454)



(460)



(274)



(1,861)



(1,455)

Issuance of common stock



59



-



54



122



114

Other



(5)



(5)



(5)



(12)



(17)

Net cash used in financing activities



(2,570)



(4,073)



(2,016)



(15,623)



(15,816)

















Net change in cash and cash equivalents



2,134



502



2,439



1,773



253

Cash and cash equivalents at beginning of period



12,055



11,553



9,977



12,416



12,163

Cash and cash equivalents at end of period


$

14,189


$

12,055


$

12,416


$

14,189


$

12,416

















Supplemental disclosure of cash flow information:
















Cash paid for interest


$

397


$

348


$

397


$

1,503


$

1,386

Cash paid for income taxes


$

191


$

427


$

251


$

1,782


$

908


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise