other material
confidence high
sentiment neutral
materiality 0.65
Broadcom files pro forma financials combining VMware for FY2023 and H1 2024
Broadcom Inc.
- Pro forma net revenue for two quarters ended May 5, 2024: $25.03B; net income $3.86B; diluted EPS $8.09.
- Pro forma net revenue for year ended Oct 29, 2023: $48.08B; net income $8.10B; diluted EPS $16.77.
- Transaction financed with $30.4B term loans; interest expense includes $2.07B for latest period.
- Pro forma adjustments include amortization of acquisition intangibles ($3.25B in cost of revenue for latest period).
- VMware's end-user computing business classified as discontinued operations.