BROADCOM INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED

(IN MILLIONS)

Fiscal Quarter Ended

Three Fiscal Quarters Ended

August 4,

May 5,

July 30,

August 4,

July 30,

2024

2024

2023

2024

2023

Cash flows from operating activities:

Net income (loss)

$

(1,875)

$

2,121

$

3,303

$

1,571

$

10,558

Adjustments to reconcile net income (loss) to net cash provided by operating activities:                                   

Amortization of intangible and right-of-use assets

2,375

2,381

810

6,962

2,525

Depreciation

149

149

122

437

378

Stock-based compensation

1,388

1,457

629

4,427

1,533

Deferred taxes and other non-cash taxes

3,638

(511)

(251)

2,833

(1,140)

Loss on debt extinguishment

83

22

-

105

-

Non-cash interest expense

115

119

33

336

98

Other

158

70

-

266

(18)

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

  Trade accounts receivable, net

835

(513)

135

2,078

44

  Inventory

(52)

82

44

16

83

  Accounts payable

373

(93)

188

206

(6)

  Employee compensation and benefits

291

251

184

(118)

(382)

  Other current assets and current liabilities

(1,345)

(386)

(339)

(3,913)

66

  Other long-term assets and long-term liabilities

(1,170)

(569)

(139)

(848)

(482)

Net cash provided by operating activities

4,963

4,580

4,719

14,358

13,257

Cash flows from investing activities:

Acquisitions of businesses, net of cash acquired

(2)

(560)

(17)

(25,978)

(17)

Proceeds from sale of business

3,485

-

-

3,485

-

Purchases of property, plant and equipment

(172)

(132)

(122)

(426)

(347)

Purchases of investments

(73)

(59)

(91)

(145)

(288)

Sales of investments

5

42

74

136

74

Other

2

3

12

(10)

13

Net cash provided by (used in) investing activities

3,245

(706)

(144)

(22,938)

(565)

Cash flows from financing activities:

Proceeds from long-term borrowings

4,975

-

-

34,985

-

Payments on debt obligations

(9,202)

(2,000)

-

(12,136)

(260)

Payments of dividends

(2,452)

(2,443)

(1,901)

(7,330)

(5,741)

Repurchases of common stock - repurchase program

-

-

(1,707)

(7,176)

(5,701)

Shares repurchased for tax withholdings on vesting of equity awards

(1,350)

(1,548)

(460)

(4,012)

(1,407)

Issuance of common stock

-

64

-

64

63

Other

(36)

(2)

(5)

(52)

(7)

Net cash provided by (used in) financing activities

(8,065)

(5,929)

(4,073)

4,343

(13,053)

Net change in cash and cash equivalents

143

(2,055)

502

(4,237)

(361)

Cash and cash equivalents at beginning of period

9,809

11,864

11,553

14,189

12,416

Cash and cash equivalents at end of period

$

9,952

$

9,809

$

12,055

$

9,952

$

12,055

Supplemental disclosure of cash flow information:

Cash paid for interest

$

816

$

946

$

348

$

2,512

$

1,106

Cash paid for income taxes

$

585

$

834

$

427

$

2,323

$

1,591