Broadcom Inc. (AVGO) [Rocket]

In millions, except per share items	Oct-30-22	Oct-31-21	Nov-01-20	Nov-03-19	Nov-04-18	Oct-29-17	Oct-30-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Condensed Income Statement [Table]
Condensed Income Statements, Captions [Line Items]
Net revenue:
Total net revenue	33,203	27,450	23,888	22,597	20,848	17,636	13,240
Total net revenue growth	21.0%	14.9%	5.7%	8.4%	18.2%	33.2%
Cost of revenue:
Cost of products sold	7,629	6,555	5,892	6,208	6,924	6,549	5,295
Cost of subscriptions and services	627	607	626	515	97	44
Amortization of acquisition-related intangible assets	4,359	5,403	6,220	5,212	3,545	6,039
Restructuring charges	5	17	35	77	20	19
Total cost of revenue	11,108	10,606	10,372	10,114	10,115	22,229	8,542
Gross margin	22,095	16,844	13,516	12,483	10,733	8,509	5,940
Gross margin	66.5%	61.4%	56.6%	55.2%	51.5%	48.2%	44.9%
Research and development	4,919	4,854	4,968	4,696	3,768	3,302	2,674
Selling, general and administrative	1,382	1,347	1,935	1,709	1,056	789	806
Amortization of acquisition-related intangible assets	4,359	5,403	6,220	5,212	3,545	6,039
Restructuring, impairment and disposal charges	57	148	198	736	219	161	996
Total operating expenses	18,592	20,094	22,858	21,469	14,220	16,570	6,349
Operating income	14,225	8,519	4,014	3,444	5,135	2,371	-409
Operating margin	42.8%	31.0%	16.8%	15.2%	24.6%	13.4%	-3.1%
Interest expense	-1,737.0	-1,885.0	-1,777.0	-1,444.0	-628.0	-454.0	-585.0
Other income (expense), net	-54	131	206	226	144	74	37
Income before income taxes	12,434	6,765	2,443	2,226	4,545	1,825	-1,107
Provision for income taxes	939	29	-518	-510	-8,084	35	642
Net income	11,495	6,736	2,960	5,460	25,239	3,574	-1,861
Dividends on preferred stock	-272	-299	-297	-29
Net income attributable to common stock	11,223	6,437	2,663	2,695	12,259	1,692	-1,739

Net income per share:
Net income per share attributable to common stock:
Net income per share (in dollars per share)	$27.44	$15.70	$6.62	$6.77	$29.33	$4.18	($4.75)

Diluted income per share attributable to common stock:
Net income per share (in dollars per share)	$26.53	$15.00	$6.33	$6.43	$28.44	$4.02	($4.86)

Weighted-average shares used in per share calculations:
Basic	409	410	402	398	418	405	366
Diluted	423	429	421	419	431	421	383