BROADCOM INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED

(IN MILLIONS)

Fiscal Quarter Ended

Fiscal Year Ended

November 3,

August 4,

October 29,

November 3,

October 29,

2024

2024

2023

2024

2023

Cash flows from operating activities:

Net income (loss)

$

4,324

$

(1,875)

$

3,524

$

5,895

$

14,082

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

Amortization of intangible and right-of-use assets

2,455

2,375

808

9,417

3,333

Depreciation

156

149

124

593

502

Stock-based compensation

1,314

1,388

638

5,741

2,171

Deferred taxes and other non-cash taxes

(868)

3,638

639

1,965

(501)

Loss on debt extinguishment

52

83

-

157

-

Non-cash interest expense

91

115

34

427

132

Other

138

158

27

404

9

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

  Trade accounts receivable, net

249

835

(231)

2,327

(187)

  Inventory

134

(52)

(56)

150

27

  Accounts payable

(85)

373

215

121

209

  Employee compensation and benefits

196

291

103

78

(279)

  Other current assets and current liabilities

(1,410)

(1,345)

(694)

(5,323)

(628)

  Other long-term assets and long-term liabilities

(1,142)

(1,170)

(303)

(1,990)

(785)

Net cash provided by operating activities

5,604

4,963

4,828

19,962

18,085

Cash flows from investing activities:

Acquisitions of businesses, net of cash acquired

-

(2)

(36)

(25,978)

(53)

Proceeds from sale of business

-

3,485

-

3,485

-

Purchases of property, plant and equipment

(122)

(172)

(105)

(548)

(452)

Purchases of investments

(30)

(73)

(58)

(175)

(346)

Sales of investments

20

5

154

156

228

Other

-

2

(79)

(10)

(66)

Net cash provided by (used in) investing activities

(132)

3,245

(124)

(23,070)

(689)

Cash flows from financing activities:

Proceeds from long-term borrowings

4,969

4,975

-

39,954

-

Payments on debt obligations

(7,472)

(9,202)

(143)

(19,608)

(403)

Payments of dividends

(2,484)

(2,452)

(1,904)

(9,814)

(7,645)

Repurchases of common stock - repurchase program

-

-

(123)

(7,176)

(5,824)

Shares repurchased for tax withholdings on vesting of equity awards

(1,204)

(1,350)

(454)

(5,216)

(1,861)

Issuance of common stock

126

-

59

190

122

Other

(11)

(36)

(5)

(63)

(12)

Net cash used in financing activities

(6,076)

(8,065)

(2,570)

(1,733)

(15,623)

Net change in cash and cash equivalents

(604)

143

2,134

(4,841)

1,773

Cash and cash equivalents at beginning of period

9,952

9,809

12,055

14,189

12,416

Cash and cash equivalents at end of period

$

9,348

$

9,952

$

14,189

$

9,348

$

14,189

Supplemental disclosure of cash flow information:

Cash paid for interest

$

738

$

816

$

397

$

3,250

$

1,503

Cash paid for income taxes

$

832

$

585

$

191

$

3,155

$

1,782