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    Broadcom Inc. Announces Third Quarter Fiscal Year 2025 Financial Results and Quarterly Dividend
    4:15p ET September 4 '25 PR Newswire

    -- Revenue of $15,952 million for the third quarter, up 22 percent from the prior year period

    -- GAAP net income of $4,140 million for the third quarter; Non-GAAP net income of $8,404 million for the third quarter

    -- Adjusted EBITDA of $10,702 million for the third quarter, or 67 percent of revenue

    -- GAAP diluted EPS of $0.85 for the third quarter; Non-GAAP diluted EPS of $1.69 for the third quarter

    -- Cash from operations of $7,166 million for the third quarter, less capital expenditures of $142 million, resulted in $7,024 million of free cash flow, or 44 percent of revenue

    -- Quarterly common stock dividend of $0.59 per share

    -- Fourth quarter fiscal year 2025 revenue guidance of approximately $17.4 billion, an increase of 24 percent from the prior year period

    -- Fourth quarter fiscal year 2025 Adjusted EBITDA guidance of 67 percent of projected revenue (1)

    Broadcom Inc. (Nasdaq: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today reported financial results for its third quarter of fiscal year 2025, ended August 3, 2025, provided guidance for its fourth quarter of fiscal year 2025 and announced its quarterly dividend.

    "Broadcom achieved record third quarter revenue on continued strength in custom AI accelerators, networking andVMware. Q3 AI revenue growth accelerated to 63% year-over-year to $5.2 billion," said Hock Tan, President and CEO ofBroadcom Inc. "We expect growth in AI semiconductor revenue to accelerate to $6.2 billion in Q4, delivering eleven consecutive quarters of growth, as our customers continue to strongly invest."

    "Consolidated revenue grew 22% year-over-year to a record $16.0 billion. Adjusted EBITDA increased 30% year-over-year to $10.7 billion reflecting strong operating leverage," said Kirsten Spears, CFO of Broadcom Inc. "Free cash flow was a record $7.0 billion, up 47% year-over-year. Consistent with our commitment to return excess cash to shareholders, we returned $2.8 billion to shareholders in the third quarter through cash dividends."

    (1) The Company is not readily able to provide a reconciliation of the projected non-GAAP financial information presented to the relevant projected GAAP measure without unreasonable effort.
    

    Third Quarter Fiscal Year 2025 Financial Highlights

                                                  GAAP                                Non-GAAP
    (Dollars in millions, except per share data)  Q3 25      Q3 24       Change       Q3 25      Q3 24      Change
    Net revenue                                   $  15,952  $  13,072      +22   %   $  15,952  $  13,072     +22   %
    Net income (loss)                             $  4,140   $  (1,875)  +$ 6,015     $  8,404   $  6,120   +$ 2,284
    Earnings (loss) per common share - diluted    $  0.85    $  (0.40)   +$ 1.25      $  1.69    $  1.24    +$ 0.45
    
    (Dollars in millions)                                                                   Q3 25
    Cash flow from operations                                                               $
    Adjusted EBITDA                                                                         $
    Free cash flow                                                                          $
    
    Net revenue by segment
    (Dollars in millions)                                                           Q3 25            Q3 24
    Semiconductor solutions                                                         $ 9,166   57  %  $ 7,274
    Infrastructure software                                                           6,786   43       5,798
    Total net revenue                                                               $ 15,952  100 %  $ 13,072
    

    The Company's cash and cash equivalents at the end of the fiscal quarter were $10,718 million, compared to $9,472 million at the end of the prior fiscal quarter.

    During the third fiscal quarter, the Company generated $7,166 million in cash from operations and spent $142 million on capital expenditures, resulting in $7,024 million of free cash flow.

    On June 30, 2025, the Company paid a cash dividend of $0.59 per share, totaling $2,786 million.

    The differences between the Company's GAAP and non-GAAP results are described generally under "Non-GAAP Financial Measures" below and presented in detail in the financial reconciliation tables attached to this release.

    Fourth Quarter Fiscal Year 2025 Business Outlook

    Based on current business trends and conditions, the outlook for the fourth quarter of fiscal year 2025, ending November 2, 2025, is expected to be as follows:

    -- Fourth quarter revenue guidance of approximately $17.4 billion; and

    -- Fourth quarter Adjusted EBITDA guidance of 67 percent of projected revenue.

    The guidance provided above is only an estimate of what the Company believes is realizable as of the date of this release. The Company is not readily able to provide a reconciliation of projected Adjusted EBITDA to projected net income without unreasonable effort. Actual results will vary from the guidance and the variations may be material. The Company undertakes no intent or obligation to publicly update or revise any of these projections, whether as a result of new information, future events or otherwise, except as required by law.

    Quarterly Dividends

    The Company's Board of Directors has approved a quarterly cash dividend of $0.59 per share. The dividend is payable on September 30, 2025 to stockholders of record at the close of business (5:00 p.m. Eastern Time) on September 22, 2025.

    Financial Results Conference Call

    Broadcom Inc. will host a conference call to review its financial results for the third quarter of fiscal year 2025 and to discuss the business outlook today at 2:00 p.m. Pacific Time.

    To Listen via Internet: The conference call can be accessed live online in the Investors section of the Broadcom website at https://investors.broadcom.com/.

    Replay: An audio replay of the conference call can be accessed for one year through the Investors section of Broadcom's website at https://investors.broadcom.com/.

    Non-GAAP Financial Measures

    The non-GAAP measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. A reconciliation between GAAP and non-GAAP financial data is included in the supplemental financial data attached to this press release. Broadcom believes non-GAAP financial information provides additional insight into the Company's on-going performance. Therefore, Broadcom provides this information to investors for a more consistent basis of comparison and to help them evaluate the results of the Company's on-going operations and enable more meaningful period to period comparisons.

    In addition to GAAP reporting, Broadcom provides investors with net income, operating income, gross margin, operating expenses, cash flow and other data on a non-GAAP basis. This non-GAAP information excludes amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring and other charges, acquisition-related costs, including integration costs, non-GAAP tax reconciling adjustments, and other adjustments. Management does not believe that these items are reflective of the Company's underlying performance. Internally, these non-GAAP measures are significant measures used by management for purposes of evaluating the core operating performance of the Company, establishing internal budgets, calculating return on investment for development programs and growth initiatives, comparing performance with internal forecasts and targeted business models, strategic planning, evaluating and valuing potential acquisition candidates and how their operations compare to the Company's operations, and benchmarking performance externally against the Company's competitors. The exclusion of these and other similar items from Broadcom's non-GAAP financial results should not be interpreted as implying that these items are non-recurring, infrequent or unusual.

    Free cash flow measures have limitations as they omit certain components of the overall cash flow statement and do not represent the residual cash flow available for discretionary expenditures. Investors should not consider presentation of free cash flow measures as implying that stockholders have any right to such cash. Broadcom's free cash flow may not be calculated in a manner comparable to similarly named measures used by other companies.

    About Broadcom

    Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcom's category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to www.broadcom.com.

    Cautionary Note Regarding Forward-Looking Statements

    This announcement contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom. These statements include, but are not limited to, statements that address our expected future business and financial performance, our plans andexpectations with regard to our share repurchases, and other statements identified by words such as "will," "expect," "believe," "anticipate," "estimate," "should," "intend," "plan," "potential," "predict," "project," "aim," and similar words, phrases or expressions. These forward-looking statements are based on current expectations and beliefs of Broadcom's management, current information available to Broadcom's management, and current market trends and market conditions and involve risks and uncertainties that may cause actual results to differ materially from those contained in forward-looking statements. Accordingly, undue reliance should not be placed on such statements.

    Particular uncertainties that could materially affect future results include risks associated with: global economic conditions and uncertainty; government regulations, trade restrictions and trade tensions; global political and economic conditions relating to our international operations; any loss of our significant customers and fluctuations in the timing and volume of significant customer demand; cyclicality in the semiconductor industry or in our target markets; our acquisition of VMware, Inc., including our ability to realize the expected benefits; any acquisitions or dispositions we may make, such as delays, challenges and expenses associated with receiving governmental and regulatory approvals and satisfying other closing conditions, and with integrating acquired businesses with our existing businesses and our ability to achieve the benefits, growth prospects and synergies expected by such acquisitions; dependence on and risks associated with distributors and other channel partners of our products; dependence on senior management and our ability to attract and retain qualified personnel; our ability to protect against cybersecurity threats and a breach of security systems; our ability to make successful investments in research and development; our ability to continue achieving design wins with our customers, as well as the timing of any design wins; our dependence on contract manufacturing and outsourced supply chain; our dependency on a limited number of suppliers; prolonged disruptions of our or our contract manufacturers' manufacturing facilities, warehouses or other significant operations; our ability to accurately estimate customers' demand and adjust our manufacturing and supply chain accordingly; our ability to improve our manufacturing capacity and quality; involvement in legal proceedings; ability of our software products to manage and secure IT infrastructures and environments; demand for our data center virtualization products and customer acceptance of our products, services and business strategy; compatibility of our software products with operating environments, platforms or third-party products; our ability to enter into satisfactory software license agreements; use of open source software in our products; sales to government customers; our ability to manage products and services lifecycles; quarterly and annual fluctuations in operating results; our competitive performance; our ability to maintain or improve gross margin; our ability to protect our intellectual property and the unpredictability of any associated litigation expenses; any expenses or reputational damage associated with resolving customer product warranty and indemnification claims, or other undetected defects or bugs; our compliance with privacy and data security laws; our provision for income taxes and overall cash tax costs; our ability to maintain tax concessions in certain jurisdictions; potential tax liabilities as a result of acquiring VMware; our significant indebtedness and the need to generate sufficient cash flows to service and repay such debt; the amount and frequency of our stock repurchase program; and other events and trends on a national, regional, industry-specific and global scale, including those of a political, economic, business, competitive and regulatory nature. We are not obligated to repurchase any specific amount of shares of common stock, and the stock repurchase program may be suspended orterminated at any time.

    Our filings with the SEC, which are available without charge at the SEC's website at https://www.sec.gov, discuss some of the important risk factors that may affect our business, results of operations and financial condition. Actual results may vary from the estimates provided. We undertake no intent or obligation to publicly update or revise any of the estimates and other forward-looking statements made in this announcement, whether as a result of new information, future events or otherwise, except as required by law.

    Contact: Ji Yoo Broadcom Inc. Investor Relations 650-427-6000 investor.relations@broadcom.com

    (AVGO-Q)

    BROADCOM INC.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED
    (IN MILLIONS, EXCEPT PER SHARE DATA)
                                                             Fiscal Quarter Ended                                                    Three Fiscal Quarters Ended
                                                             August 3,                                     May 4,      August 4,     August 3,      August 4,
                                                             2025                                          2025        2024          2025           2024
    Net revenue                                              $                                     15,952  $   15,004  $    13,072   $     45,872   $     37,520
    Cost of revenue:
    Cost of revenue                                                                                3,704       3,296        3,133          10,273         9,389
    Amortization of acquisition-related intangible assets                                          1,519       1,483        1,525          4,486          4,421
    Restructuring charges                                                                          26          28           58             68             203
    Total cost of revenue                                                                          5,249       4,807        4,716          14,827         14,013
    Gross margin                                                                                   10,703      10,197       8,356          31,045         23,507
    Research and development                                                                       3,050       2,693        2,353          7,996          7,076
    Selling, general and administrative                                                            1,072       1,083        1,100          3,104          3,949
    Amortization of acquisition-related intangible assets                                          507         506          812            1,524          2,431
    Restructuring and other charges                                                                187         86           303            445            1,215
    Total operating expenses                                                                       4,816       4,368        4,568          13,069         14,671
    Operating income                                                                               5,887       5,829        3,788          17,976         8,836
    Interest expense                                                                               (807)       (769)        (1,064)        (2,449)        (3,037)
    Other income, net                                                                              205         25           82             333            354
    Income from continuing operations before income taxes                                          5,285       5,085        2,806          15,860         6,153
    Provision for income taxes                                                                     1,145       120          4,238          1,252          4,190
    Income (loss) from continuing operations                                                       4,140       4,965        (1,432)        14,608         1,963
    Loss from discontinued operations, net of income taxes                                         -           -            (443)          -              (392)
    Net income (loss)                                        $                                     4,140   $   4,965   $    (1,875)  $     14,608   $     1,571
    Basic income (loss) per share:
    Income (loss) per share from continuing operations       $                                     0.88    $   1.05    $    (0.31)   $     3.10     $     0.43
    Loss per share from discontinued operations                                                    -           -            (0.09)         -              (0.09)
    Net income (loss) per share                              $                                     0.88    $   1.05    $    (0.40)   $     3.10     $     0.34
    Diluted income (loss) per share:
    Income (loss) per share from continuing operations       $                                     0.85    $   1.03    $    (0.31)   $     3.02     $     0.41
    Loss per share from discontinued operations                                                    -           -            (0.09)         -              (0.08)
    Net income (loss) per share                              $                                     0.85    $   1.03    $    (0.40)   $     3.02     $     0.33
    Weighted-average shares used in per share calculations:
    Basic                                                                                          4,714       4,707        4,663          4,705          4,606
    Diluted                                                                                        4,860       4,826        4,663          4,841          4,762
    Stock-based compensation expense included in continuing operations:                    ‌
    Cost of revenue                                          $                                     251     $   203     $    174      $     607      $     505
    Research and development                                                                       1,573       1,169        877            3,564          2,621
    Selling, general and administrative                                                            498         399          330            1,202          1,230
    Total stock-based compensation expense                   $                                     2,322   $   1,771   $    1,381    $     5,373    $     4,356
    
    BROADCOM INC.
    FINANCIAL RECONCILIATION: GAAP TO NON-GAAP - UNAUDITED
    (IN MILLIONS)
                                                                                        Fiscal Quarter Ended                     Three Fiscal Quarters Ended
                                                                                        August 3,     May 4,       August 4,     August 3,      August 4,
                                                                                        2025          2025         2024          2025           2024
    Gross margin on GAAP basis                                                          $     10,703  $   10,197   $    8,356    $     31,045   $     23,507
    Amortization of acquisition-related intangible assets                                     1,519       1,483         1,525          4,486          4,421
    Stock-based compensation expense                                                          251         203           174            607            505
    Restructuring charges                                                                     26          28            58             68             203
    Acquisition-related costs                                                                 -           -             -              -              9
    Gross margin on non-GAAP basis                                                      $     12,499  $   11,911   $    10,113   $     36,206   $     28,645
    Research and development on GAAP basis                                              $     3,050   $   2,693    $    2,353    $     7,996    $     7,076
    Stock-based compensation expense                                                          1,573       1,169         877            3,564          2,621
    Acquisition-related costs                                                                 -           -             2              -              3
    Research and development on non-GAAP basis                                          $     1,477   $   1,524    $    1,474    $     4,432    $     4,452
    Selling, general and administrative expense on GAAP basis                           $     1,072   $   1,083    $    1,100    $     3,104    $     3,949
    Stock-based compensation expense                                                          498         399           330            1,202          1,230
    Acquisition-related costs                                                                 7           90            79             204            451
    Selling, general and administrative expense on non-GAAP basis                       $     567     $   594      $    691      $     1,698    $     2,268
    Total operating expenses on GAAP basis                                              $     4,816   $   4,368    $    4,568    $     13,069   $     14,671
    Amortization of acquisition-related intangible assets                                     507         506           812            1,524          2,431
    Stock-based compensation expense                                                          2,071       1,568         1,207          4,766          3,851
    Restructuring and other charges                                                           187         86            303            445            1,215
    Acquisition-related costs                                                                 7           90            81             204            454
    Total operating expenses on non-GAAP basis                                          $     2,044   $   2,118    $    2,165    $     6,130    $     6,720
    Operating income on GAAP basis                                                      $     5,887   $   5,829    $    3,788    $     17,976   $     8,836
    Amortization of acquisition-related intangible assets                                     2,026       1,989         2,337          6,010          6,852
    Stock-based compensation expense                                                          2,322       1,771         1,381          5,373          4,356
    Restructuring and other charges                                                           213         114           361            513            1,418
    Acquisition-related costs                                                                 7           90            81             204            463
    Operating income on non-GAAP basis                                                  $     10,455  $   9,793    $    7,948    $     30,076   $     21,925
    Interest expense on GAAP basis                                                      $     (807)   $   (769)    $    (1,064)  $     (2,449)  $     (3,037)
    Loss on debt extinguishment                                                               53          -             83             118            105
    Interest expense on non-GAAP basis                                                  $     (754)   $   (769)    $    (981)    $     (2,331)  $     (2,932)
    Other income, net on GAAP basis                                                     $     205     $   25       $    82       $     333      $     354
    (Gains) losses on investments                                                             10          9             6              23             (18)
    Gain from sale of business                                                                (163)       -             -              (163)          -
    Other                                                                                     19          (3)           -              (15)           -
    Other income, net on non-GAAP basis                                                 $     71      $   31       $    88       $     178      $     336
    Provision for income taxes on GAAP basis                                            $     1,145   $   120      $    4,238    $     1,252    $     4,190
    Non-GAAP tax reconciling adjustments (1)                                                  223         1,148         (3,303)        2,657          (1,629)
    Provision for income taxes on non-GAAP basis                                        $     1,368   $   1,268    $    935      $     3,909    $     2,561
    Net income (loss) on GAAP basis                                                     $     4,140   $   4,965    $    (1,875)  $     14,608   $     1,571
    Amortization of acquisition-related intangible assets                                     2,026       1,989         2,337          6,010          6,852
    Stock-based compensation expense                                                          2,322       1,771         1,381          5,373          4,356
    Restructuring and other charges                                                           213         114           361            513            1,418
    Acquisition-related costs                                                                 7           90            81             204            463
    Loss on debt extinguishment                                                               53          -             83             118            105
    (Gains) losses on investments                                                             10          9             6              23             (18)
    Gain from sale of business                                                                (163)       -             -              (163)          -
    Other                                                                                     19          (3)           -              (15)           -
    Non-GAAP tax reconciling adjustments (1)                                                  (223)       (1,148)       3,303          (2,657)        1,629
    Loss from discontinued operations, net of income taxes                                    -           -             443            -              392
    Net income on non-GAAP basis                                                        $     8,404   $   7,787    $    6,120    $     24,014   $     16,768
    Net income (loss) on GAAP basis                                                     $     4,140   $   4,965    $    (1,875)  $     14,608   $     1,571
    Non-GAAP Adjustments:
    Amortization of acquisition-related intangible assets                                     2,026       1,989         2,337          6,010          6,852
    Stock-based compensation expense                                                          2,322       1,771         1,381          5,373          4,356
    Restructuring and other charges                                                           213         114           361            513            1,418
    Acquisition-related costs                                                                 7           90            81             204            463
    Loss on debt extinguishment                                                               53          -             83             118            105
    (Gains) losses on investments                                                             10          9             6              23             (18)
    Gain from sale of business                                                                (163)       -             -              (163)          -
    Other                                                                                     19          (3)           -              (15)           -
    Non-GAAP tax reconciling adjustments (1)                                                  (223)       (1,148)       3,303          (2,657)        1,629
    Loss from discontinued operations, net of income taxes                                    -           -             443            -              392
    Other Adjustments:
    Interest expense                                                                          754         769           981            2,331          2,932
    Provision for income taxes on non-GAAP basis                                              1,368       1,268         935            3,909          2,561
    Depreciation                                                                              142         142           149            426            437
    Amortization of purchased intangibles and right-of-use assets                             34          35            38             106            110
    Adjusted EBITDA                                                                     $     10,702  $   10,001   $    8,223    $     30,786   $     22,808
    Weighted-average shares used in per share calculations - diluted on GAAP basis            4,860       4,826         4,663          4,841          4,762
    Non-GAAP adjustment (2)                                                                   112         111           254            94             106
    Weighted-average shares used in per share calculations - diluted on non-GAAP basis        4,972       4,937         4,917          4,935          4,868
    Net cash provided by operating activities                                           $     7,166   $   6,555    $    4,963    $     19,834   $     14,358
    Purchases of property, plant and equipment                                                (142)       (144)         (172)          (386)          (426)
    Free cash flow                                                                      $     7,024   $   6,411    $    4,791    $     19,448   $     13,932
                                                                                        Fiscal
                                                                                        Quarter
                                                                                        Ending
                                                                                        November 2,
    Expected average diluted share count (3):                                           2025
    Weighted-average shares used in per share calculation - diluted on GAAP basis       4,881
    Non-GAAP adjustment (2)                                                             89
    Weighted-average shares used in per share calculation - diluted on non-GAAP basis   4,970
    
    (1) Non-GAAP tax reconciling adjustments included a one-time discrete non-cash tax provision of $4.5 billion from the impact of anintra-group transfer of certain IP rights to the United States as a result of supply chain realignment for the fiscal quarter and three fiscalquarters ended August 4, 2024.
    (2) Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of stock-basedcompensation expense expected to be incurred in future periods and not yet recognized in the financial statements, which wouldotherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. For the fiscal quarter ended August 4,2024, non-GAAP adjustment included the dilutive effect of the equity awards that were antidilutive on a GAAP basis.
    (3) Excludes the effects of potential share repurchases.
    
    BROADCOM INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED
    (IN MILLIONS)
                                             August 3,       November 3,
                                             2025            2024
    ASSETS
    Current assets:
    Cash and cash equivalents                $      10,718   $      9,348
    Trade accounts receivable, net                  6,494           4,416
    Inventory                                       2,180           1,760
    Other current assets                            5,606           4,071
    Total current assets                            24,998          19,595
    Long-term assets:
    Property, plant and equipment, net              2,451           2,521
    Goodwill                                        97,801          97,873
    Intangible assets, net                          34,344          40,583
    Other long-term assets                          6,027           5,073
    Total assets                             $      165,621  $      165,645
    LIABILITIES AND EQUITY
    Current liabilities:
    Accounts payable                         $      1,432    $      1,662
    Employee compensation and benefits              1,719           1,971
    Short-term debt                                 1,399           1,271
    Other current liabilities                       12,154          11,793
    Total current liabilities                       16,704          16,697
    Long-term liabilities:
    Long-term debt                                  62,830          66,295
    Other long-term liabilities                     12,810          14,975
    Total liabilities                               92,344          97,967
    Stockholders' equity:
    Preferred stock                                 -               -
    Common stock                                    5               5
    Additional paid-in capital                      69,011          67,466
    Retained earnings                               4,040           -
    Accumulated other comprehensive income          221             207
    Total stockholders' equity                      73,277          67,678
    Total liabilities and equity             $      165,621  $      165,645
    
    BROADCOM INC.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED
    (IN MILLIONS)
                                                                                               Fiscal Quarter Ended                     Three Fiscal Quarters Ended
                                                                                               August 3,     May 4,       August 4,     August 3,       August 4,
                                                                                               2025          2025         2024          2025            2024
    Cash flows from operating activities:
    Net income (loss)                                                                          $    4,140    $   4,965    $    (1,875)  $     14,608    $     1,571
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:
    Amortization of intangible and right-of-use assets                                              2,060        2,024         2,375          6,116           6,962
    Depreciation                                                                                    142          142           149            426             437
    Stock-based compensation                                                                        2,322        1,771         1,388          5,373           4,427
    Deferred taxes and other non-cash taxes                                                         284          (571)         3,638          (983)           2,833
    Loss on debt extinguishment                                                                     53           -             83             118             105
    Non-cash interest expense                                                                       82           94            115            273             336
    Other                                                                                           (23)         40            158            58              266
    Changes in assets and liabilities, net of acquisitions and disposals:
    Trade accounts receivable, net                                                                  (937)        (590)         835            (2,066)         2,078
    Inventory                                                                                       (163)        (109)         (52)           (420)           16
    Accounts payable                                                                                136          (613)         373            (236)           206
    Employee compensation and benefits                                                              511          287           291            (110)           (118)
    Other current assets and current liabilities                                                    (999)        (55)          (1,345)        (1,028)         (3,913)
    Other long-term assets and long-term liabilities                                                (442)        (830)         (1,170)        (2,295)         (848)
    Net cash provided by operating activities                                                       7,166        6,555         4,963          19,834          14,358
    Cash flows from investing activities:
    Acquisitions of businesses, net of cash acquired                                                -            -             (2)            -               (25,978)
    Proceeds from sales of businesses                                                               300          -             3,485          300             3,485
    Purchases of property, plant and equipment                                                      (142)        (144)         (172)          (386)           (426)
    Purchases of investments                                                                        (99)         (57)          (73)           (261)           (145)
    Sales of investments                                                                            51           78            5              147             136
    Other                                                                                           (16)         (10)          2              (13)            (10)
    Net cash provided by (used in) investing activities                                             94           (133)         3,245          (213)           (22,938)
    Cash flows from financing activities:
    Proceeds from long-term borrowings                                                              6,960        749           4,975          10,695          34,985
    Payments on debt obligations                                                                    (6,750)      -             (9,202)        (14,840)        (12,136)
    Proceeds from (repayments of) commercial paper, net                                             (3,373)      (119)         -              488             -
    Payments of dividends                                                                           (2,786)      (2,785)       (2,452)        (8,345)         (7,330)
    Repurchases of common stock - repurchase program                                                -            (2,450)       -              (2,450)         (7,176)
    Shares repurchased for tax withholdings on vesting of equity awards                             (58)         (1,766)       (1,350)        (3,860)         (4,012)
    Issuance of common stock                                                                        -            118           -              118             64
    Other                                                                                           (7)          (4)           (36)           (57)            (52)
    Net cash provided by (used in) financing activities                                             (6,014)      (6,257)       (8,065)        (18,251)        4,343
    Net change in cash and cash equivalents                                                         1,246        165           143            1,370           (4,237)
    Cash and cash equivalents at beginning of period                                                9,472        9,307         9,809          9,348           14,189
    Cash and cash equivalents at end of period                                                 $    10,718   $   9,472    $    9,952    $     10,718    $     9,952
    Supplemental disclosure of cash flow information:
    Cash paid for interest                                                                     $    602      $   700      $    816      $     1,973     $     2,512
    Cash paid for income taxes                                                                 $    822      $   608      $    585      $     1,834     $     2,323
    

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    View original content:https://www.prnewswire.com/news-releases/broadcom-inc-announces-third-quarter-fiscal-year-2025-financial-results-and-quarterly-dividend-302547062.html

    SOURCE Broadcom Inc.

    https://rt.newswire.ca/rt.gif?NewsItemId=NY65209&Transmission_Id=202509041615PR_NEWS_USPR_____NY65209&DateId=20250904

    COMTEX_468548630/1005/2025-09-04T16:15:30

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