2022 Q4 Form 10-K Financial Statement

#000173016822000118 Filed on December 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022
Revenue $8.930B $33.20B
YoY Change 20.56% 20.96%
Cost Of Revenue $3.003B $11.10B
YoY Change 8.45% 4.69%
Gross Profit $5.927B $22.10B
YoY Change 27.79% 31.2%
Gross Profit Margin 66.37% 66.56%
Selling, General & Admin $325.0M $1.280B
YoY Change -3.56% -4.97%
% of Gross Profit 5.48% 5.79%
Research & Development $1.197B $4.919B
YoY Change -0.25% 1.34%
% of Gross Profit 20.2% 22.26%
Depreciation & Amortization $1.216B $4.984B
YoY Change -18.99% 824.68%
% of Gross Profit 20.52% 22.55%
Operating Expenses $1.880B $7.711B
YoY Change -7.43% -7.38%
Operating Profit $4.047B $14.39B
YoY Change 55.24% 68.9%
Interest Expense -$435.0M -$1.794B
YoY Change 0.23% -195.17%
% of Operating Profit -10.75% -12.47%
Other Income/Expense, Net $69.00M $115.0M
YoY Change 213.64% -12.21%
Pretax Income $3.620B $12.43B
YoY Change 66.9% 83.8%
Income Tax $261.0M $939.0M
% Of Pretax Income 7.21% 7.55%
Net Earnings $3.359B $11.50B
YoY Change 68.88% 70.65%
Net Earnings / Revenue 37.61% 34.62%
Basic Earnings Per Share $27.44
Diluted Earnings Per Share $7.830M $27.17M
COMMON SHARES
Basic Shares Outstanding 417.9M shares 409.0M shares
Diluted Shares Outstanding 423.0M shares

Balance Sheet

Concept 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.42B $12.42B
YoY Change 2.08% 2.08%
Cash & Equivalents $12.42B $12.42B
Short-Term Investments
Other Short-Term Assets $1.205B $1.205B
YoY Change 14.22% 14.22%
Inventory $1.925B $1.925B
Prepaid Expenses $864.0M
Receivables $2.958B $2.958B
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.50B $18.50B
YoY Change 11.56% 11.56%
LONG-TERM ASSETS
Property, Plant & Equipment $2.223B $2.223B
YoY Change -5.32% -24.28%
Goodwill $43.61B
YoY Change 0.38%
Intangibles $7.111B
YoY Change -37.48%
Long-Term Investments
YoY Change
Other Assets $1.797B $1.797B
YoY Change -0.83% 46.81%
Total Long-Term Assets $54.75B $54.75B
YoY Change -7.19% -7.19%
TOTAL ASSETS
Total Short-Term Assets $18.50B $18.50B
Total Long-Term Assets $54.75B $54.75B
Total Assets $73.25B $73.25B
YoY Change -3.07% -3.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $998.0M $998.0M
YoY Change -8.1% -8.1%
Accrued Expenses $1.202B $1.202B
YoY Change 4.61% 4.61%
Deferred Revenue $2.931B
YoY Change 11.91%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $440.0M $440.0M
YoY Change 66.67% 51.72%
Total Short-Term Liabilities $7.052B $7.052B
YoY Change 12.28% 12.28%
LONG-TERM LIABILITIES
Long-Term Debt $39.08B $39.08B
YoY Change -5.24% -0.99%
Other Long-Term Liabilities $4.413B $4.413B
YoY Change -9.2% -9.2%
Total Long-Term Liabilities $43.49B $43.49B
YoY Change -5.66% -1.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.052B $7.052B
Total Long-Term Liabilities $43.49B $43.49B
Total Liabilities $50.54B $50.54B
YoY Change -0.08% -0.13%
SHAREHOLDERS EQUITY
Retained Earnings $1.604B
YoY Change 114.44%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $22.71B $22.71B
YoY Change
Total Liabilities & Shareholders Equity $73.25B $73.25B
YoY Change -3.07% -3.07%

Cashflow Statement

Concept 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $3.359B $11.50B
YoY Change 68.88% 70.65%
Depreciation, Depletion And Amortization $1.216B $4.984B
YoY Change -18.99% 824.68%
Cash From Operating Activities $4.583B $16.74B
YoY Change 29.43% 21.59%
INVESTING ACTIVITIES
Capital Expenditures -$122.0M -$424.0M
YoY Change 38.64% -195.71%
Acquisitions $246.0M
YoY Change 2975.0%
Other Investing Activities -$6.000M -$243.0M
YoY Change -104.35% -2125.0%
Cash From Investing Activities -$128.0M -$667.0M
YoY Change -356.0% 172.24%
FINANCING ACTIVITIES
Cash Dividend Paid $7.032B
YoY Change 13.2%
Common Stock Issuance & Retirement, Net -$220.0M -$8.341B
YoY Change 4806.47%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.016B -15.82B
YoY Change -20.41% 76.24%
NET CHANGE
Cash From Operating Activities 4.583B 16.74B
Cash From Investing Activities -128.0M -667.0M
Cash From Financing Activities -2.016B -15.82B
Net Change In Cash 2.439B 253.0M
YoY Change 130.53% -94.43%
FREE CASH FLOW
Cash From Operating Activities $4.583B $16.74B
Capital Expenditures -$122.0M -$424.0M
Free Cash Flow $4.705B $17.16B
YoY Change 29.65% 28.82%

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CY2022 us-gaap Fiscal Period
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We operate on a 52- or 53-week fiscal year ending on the Sunday closest to October 31 in a 52-week year and the first Sunday in November in a 53-week year. Our fiscal year ended October 30, 2022 (“fiscal year 2022”) was a 52-week fiscal year. The first quarter of our fiscal year 2022 ended on January 30, 2022, the second quarter ended on May 1, 2022 and the third quarter ended on July 31, 2022. Our fiscal year ended October 31, 2021 (“fiscal year 2021”) and fiscal year ended November 1, 2020 (“fiscal year 2020”) were both 52-week fiscal years.
CY2022 avgo Fiscal Period Number Of Weeks
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52- or 53-week
CY2022 us-gaap Number Of Reportable Segments
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2 segment
CY2022 us-gaap Use Of Estimates
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Use of estimates.  The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The inputs into certain of these estimates and assumptions include the consideration of the economic impact of the COVID-19 pandemic, and many of these estimates could require increased judgment and carry a higher degree of variability and volatility. Actual results could differ materially from these estimates, and such differences could affect the results of operations reported in future periods.
CY2022 avgo Cash Equivalent Maturity Period
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three months
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CY2022 us-gaap Concentration Risk Credit Risk
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<span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentrations of credit risk and significant customers.</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  Our cash, cash equivalents and accounts receivable are potentially subject to concentration of credit risk. Cash and cash equivalents may be redeemable upon demand and are maintained with financial institutions that management believes are of high credit quality and therefore bear minimal credit risk. We seek to mitigate our credit risks by spreading such risks across multiple counterparties and monitoring the risk profile of these counterparties. Our accounts receivable are derived from revenue earned from customers located both within and outside the U.S. We mitigate collection risks from our customers by performing regular credit evaluations of our customers’ financial conditions, and require collateral, such as letters of credit and bank guarantees, in certain circumstances.</span>
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0.210
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FilingSummary.xml Edgar Link unprocessable