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| 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) | |||||||
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| August 2, |
| November 3, |
| ||
|
|
| 2020 |
| 2019 |
| ||
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|
ASSETS |
|
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|
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 |
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| LIABILITIES AND EQUITY |
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| Current liabilities: |
|
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| 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 |
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|
|
|
|
|
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|
| Long-term liabilities: |
|
|
|
|
|
|
|
| Long-term debt |
|
| 43,201 |
|
| 30,011 |
|
| Other long-term liabilities |
|
| 5,810 |
|
| 5,613 |
|
| Total liabilities |
|
| 55,713 |
|
| 42,523 |
|
|
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|
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|
|
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|
| Preferred stock dividend obligation |
|
| 28 |
|
| 29 |
|
|
|
|
|
|
|
|
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|
| 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 |
|
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