Broadcom Inc.

Name: Broadcom Inc. financial statements and ratios
Creator: Annalist

AVGO · Nasdaq · Technology, semiconductors · United States · US GAAP · Fiscal year ends November

Latest report: Q3 FY2026, the quarter ended 2 August 2026, released 10 September 2026. Snapshot FY2026Q3_f0048ec0.

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Overview

Revenue, quarter

+85.5% year on year

Operating income, quarter

+171% year on year

Net income, quarter

+216% year on year

Diluted EPS, quarter

+215% year on year

Operating margin, last 4 quarters

+10.3pp year on year

Return on invested capital, last 4 quarters

+11.4pp year on year

Select a figure to see the document it came from.

Key Findings

Findings for the latest quarter, with their history over earlier quarters.

Revenue for the quarter ended 2 August 2026 was US$29.6 billion, 85.5% higher than in the same quarter a year earlier.
Strengthenedin Q3 FY2026 · stated since Q3 FY202485.5% from 47.9% in Q2 FY2026
Rule: Revenue against a year earlier · Sources 10-Q 2026-08
History of this finding, 9 records
1. Q3 FY2026 StrengthenedRevenue for the quarter ended 2 August 2026 was US$29.6 billion, 85.5% higher than in the same quarter a year earlier.Recorded from FY2026Q3_0fdb35d3 · data update
2. Q2 FY2026 StrengthenedRevenue for the quarter ended 3 May 2026 was US$22.2 billion, 47.9% higher than in the same quarter a year earlier.Reconstructed · data update
3. Q1 FY2026 StrengthenedRevenue for the quarter ended 1 February 2026 was US$19.3 billion, 29.5% higher than in the same quarter a year earlier.Reconstructed · data update
4. Q4 FY2025 StrengthenedRevenue for the quarter ended 2 November 2025 was US$18.0 billion, 28.2% higher than in the same quarter a year earlier.Reconstructed · data update
5. Q3 FY2025 StrengthenedRevenue for the quarter ended 3 August 2025 was US$16.0 billion, 22.0% higher than in the same quarter a year earlier.Reconstructed · data update
6. Q2 FY2025 WeakenedRevenue for the quarter ended 4 May 2025 was US$15.0 billion, 20.2% higher than in the same quarter a year earlier.Reconstructed · data update
7. Q1 FY2025 WeakenedRevenue for the quarter ended 2 February 2025 was US$14.9 billion, 24.7% higher than in the same quarter a year earlier.Reconstructed · data update
8. Q4 FY2024 StrengthenedRevenue for the quarter ended 3 November 2024 was US$14.1 billion, 51.2% higher than in the same quarter a year earlier.Reconstructed · data update
9. Q3 FY2024 NewRevenue for the quarter ended 4 August 2024 was US$13.1 billion, 47.3% higher than in the same quarter a year earlier.Reconstructed · initial
Net income attributable to the company was US$13.1 billion, 216.1% higher than in the same quarter a year earlier.
Strengthenedin Q3 FY2026 · stated since Q4 FY2025216% from 87.5% in Q2 FY2026
Rule: Net income against a year earlier · Sources 10-Q 2026-08
History of this finding, 12 records
1. Q3 FY2026 StrengthenedNet income attributable to the company was US$13.1 billion, 216.1% higher than in the same quarter a year earlier.Recorded from FY2026Q3_0fdb35d3 · data update
2. Q2 FY2026 StrengthenedNet income attributable to the company was US$9.3 billion, 87.5% higher than in the same quarter a year earlier.Reconstructed · data update
3. Q1 FY2026 WeakenedNet income attributable to the company was US$7.3 billion, 33.5% higher than in the same quarter a year earlier.Reconstructed · data update
4. Q4 FY2025 NewNet income attributable to the company was US$8.5 billion, 97.0% higher than in the same quarter a year earlier.Reconstructed · data update
5. Q4 FY2025 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
6. Q3 FY2025 NewNet income attributable to the company was US$4.1 billion, against a net loss of US$1.9 billion in the same quarter a year earlier.Reconstructed · data update
7. Q3 FY2025 RetiredThe finding changed to a profit after a loss a year earlier.Reconstructed · data update
8. Q2 FY2025 WeakenedNet income attributable to the company was US$5.0 billion, 134.1% higher than in the same quarter a year earlier.Reconstructed · data update
9. Q1 FY2025 StrengthenedNet income attributable to the company was US$5.5 billion, 315.3% higher than in the same quarter a year earlier.Reconstructed · data update
10. Q4 FY2024 NewNet income attributable to the company was US$4.3 billion, 22.7% higher than in the same quarter a year earlier.Reconstructed · data update
11. Q4 FY2024 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
12. Q3 FY2024 NewThe company reported a net loss of US$1.9 billion, against net income of US$3.3 billion in the same quarter a year earlier.Reconstructed · initial
The operating margin over the last 4 quarters was 48.0%, 10.3 percentage points higher than a year earlier.
Strengthenedin Q3 FY2026 · stated since Q2 FY2025
Rule: Operating margin against a year earlier · Sources 10-K 2025-11, 10-Q 2025-08, 10-Q 2026-02 and 2 more
History of this finding, 10 records
1. Q3 FY2026 StrengthenedThe operating margin over the last 4 quarters was 48.0%, 10.3 percentage points higher than a year earlier.Recorded from FY2026Q3_0fdb35d3 · data update
2. Q2 FY2026 WeakenedThe operating margin over the last 4 quarters was 43.4%, 7.4 percentage points higher than a year earlier.Reconstructed · data update
3. Q1 FY2026 WeakenedThe operating margin over the last 4 quarters was 40.7%, 8.3 percentage points higher than a year earlier.Reconstructed · data update
4. Q4 FY2025 StrengthenedThe operating margin over the last 4 quarters was 39.9%, 13.8 percentage points higher than a year earlier.Reconstructed · data update
5. Q3 FY2025 StrengthenedThe operating margin over the last 4 quarters was 37.7%, 9.8 percentage points higher than a year earlier.Reconstructed · data update
6. Q2 FY2025 NewThe operating margin over the last 4 quarters was 35.9%, 5.1 percentage points higher than a year earlier.Reconstructed · data update
7. Q2 FY2025 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
8. Q1 FY2025 WeakenedThe operating margin over the last 4 quarters was 32.3%, 4.2 percentage points lower than a year earlier.Reconstructed · data update
9. Q4 FY2024 StrengthenedThe operating margin over the last 4 quarters was 26.1%, 19.1 percentage points lower than a year earlier.Reconstructed · data update
10. Q3 FY2024 NewThe operating margin over the last 4 quarters was 27.9%, 17.1 percentage points lower than a year earlier.Reconstructed · initial
Return on invested capital over the last 4 quarters was 27.3%, against 15.9% a year earlier.
Strengthenedin Q3 FY2026 · stated since Q3 FY2025
Rule: Return on invested capital against a year earlier · Sources 10-Q 2025-08, 10-Q 2026-08, 10-K 2025-11 and 3 more
History of this finding, 10 records
1. Q3 FY2026 StrengthenedReturn on invested capital over the last 4 quarters was 27.3%, against 15.9% a year earlier.Recorded from FY2026Q3_0fdb35d3 · data update
2. Q2 FY2026 ConfirmedReturn on invested capital over the last 4 quarters was 21.8%, against 11.3% a year earlier.Reconstructed · data update
3. Q1 FY2026 ConfirmedReturn on invested capital over the last 4 quarters was 19.3%, against 9.2% a year earlier.Reconstructed · data update
4. Q4 FY2025 StrengthenedReturn on invested capital over the last 4 quarters was 18.4%, against 8.4% a year earlier.Reconstructed · data update
5. Q3 FY2025 NewReturn on invested capital over the last 4 quarters was 15.9%, against 7.2% a year earlier.Reconstructed · data update
6. Q3 FY2025 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
7. Q2 FY2025 WeakenedReturn on invested capital over the last 4 quarters was 11.3%, against 12.0% a year earlier.Reconstructed · data update
8. Q1 FY2025 WeakenedReturn on invested capital over the last 4 quarters was 9.2%, against 12.5% a year earlier.Reconstructed · data update
9. Q4 FY2024 WeakenedReturn on invested capital over the last 4 quarters was 8.4%, against 24.1% a year earlier.Reconstructed · data update
10. Q3 FY2024 NewReturn on invested capital over the last 4 quarters was 7.2%, against 24.4% a year earlier.Reconstructed · initial
Free cash flow over the last 4 quarters was US$39.4 billion, and operating cash flow was 1.1 times net income attributable to the company.
Interpretation. Operating cash flow paid for all capital expenditure, and the rest is free for dividends, share buybacks or debt repayment.
Strengthenedin Q3 FY2026 · stated since Q3 FY2024
Rule: Free cash flow · Sources 10-K 2025-11, 10-Q 2025-08, 10-Q 2026-02 and 2 more
History of this finding, 9 records
1. Q3 FY2026 StrengthenedFree cash flow over the last 4 quarters was US$39.4 billion, and operating cash flow was 1.1 times net income attributable to the company.Recorded from FY2026Q3_0fdb35d3 · data update
2. Q2 FY2026 StrengthenedFree cash flow over the last 4 quarters was US$32.8 billion, and operating cash flow was 1.1 times net income attributable to the company.Reconstructed · data update
3. Q1 FY2026 StrengthenedFree cash flow over the last 4 quarters was US$28.9 billion, and operating cash flow was 1.2 times net income attributable to the company.Reconstructed · data update
4. Q4 FY2025 StrengthenedFree cash flow over the last 4 quarters was US$26.9 billion, and operating cash flow was 1.2 times net income attributable to the company.Reconstructed · data update
5. Q3 FY2025 StrengthenedFree cash flow over the last 4 quarters was US$24.9 billion, and operating cash flow was 1.3 times net income attributable to the company.Reconstructed · data update
6. Q2 FY2025 StrengthenedFree cash flow over the last 4 quarters was US$22.7 billion, and operating cash flow was 1.8 times net income attributable to the company.Reconstructed · data update
7. Q1 FY2025 StrengthenedFree cash flow over the last 4 quarters was US$20.7 billion, and operating cash flow was 2.1 times net income attributable to the company.Reconstructed · data update
8. Q4 FY2024 ConfirmedFree cash flow over the last 4 quarters was US$19.4 billion, and operating cash flow was 3.4 times net income attributable to the company.Reconstructed · data update
9. Q3 FY2024 NewFree cash flow over the last 4 quarters was US$18.7 billion, and operating cash flow was 3.8 times net income attributable to the company.Reconstructed · initial
Net debt was US$35.4 billion at 2 August 2026, 0.7 times EBITDA over the last 4 quarters.
Confirmedin Q3 FY2026 · stated since Q3 FY2024
Rule: Net debt or net cash · Sources 10-Q 2026-08, 10-K 2025-11, 10-Q 2025-08 and 2 more
History of this finding, 10 records
1. Q3 FY2026 ConfirmedNet debt was US$35.4 billion at 2 August 2026, 0.7 times EBITDA over the last 4 quarters.Recorded from FY2026Q3_a3aa30a2 · correction
2. Q3 FY2026 WeakenedNet debt was US$35.4 billion at 2 August 2026, 0.8 times EBITDA over the last 4 quarters.Recorded from FY2026Q3_0fdb35d3 · data update
3. Q2 FY2026 WeakenedNet debt was US$45.3 billion at 3 May 2026, 1.4 times EBITDA over the last 4 quarters.Reconstructed · data update
4. Q1 FY2026 StrengthenedNet debt was US$51.9 billion at 1 February 2026, 1.8 times EBITDA over the last 4 quarters.Reconstructed · data update
5. Q4 FY2025 WeakenedNet debt was US$49.0 billion at 2 November 2025, 1.9 times EBITDA over the last 4 quarters.Reconstructed · data update
6. Q3 FY2025 WeakenedNet debt was US$53.5 billion at 3 August 2025, 2.3 times EBITDA over the last 4 quarters.Reconstructed · data update
7. Q2 FY2025 ConfirmedNet debt was US$57.8 billion at 4 May 2025, 2.7 times EBITDA over the last 4 quarters.Reconstructed · data update
8. Q1 FY2025 ConfirmedNet debt was US$57.3 billion at 2 February 2025, 3.1 times EBITDA over the last 4 quarters.Reconstructed · data update
9. Q4 FY2024 ConfirmedNet debt was US$58.2 billion at 3 November 2024, 4.1 times EBITDA over the last 4 quarters.Reconstructed · data update
10. Q3 FY2024 NewNet debt was US$60.0 billion at 4 August 2024, 4.4 times EBITDA over the last 4 quarters.Reconstructed · initial

Records before Q3 FY2026 are reconstructed from the latest snapshot. Ledger: findings.json. Correction of 20 October 2026: Annalist left the amortisation of intangible assets that Broadcom reports on a line of its own out of depreciation and amortisation: US$0.57 billion for fiscal 2025 against US$8.64 billion with it. Broadcom reports its quarterly amortisation since its 10-Qs of fiscal 2026 only, so the quarters before fiscal 2025 have no depreciation and amortisation. Dividends per share of 6 quarters are no longer published: 5 fourth quarters derived from the figures of 2 filings and the third quarter of fiscal 2023, which the set of filings of that quarter does not report. The fourth quarter of fiscal 2022 showed minus 10.66, the year restated for the stock split of 10 for 1 less 9 months before it. Records 102 and 103 state the corrected findings. Records 4, 6, 7, 19, 21, 34, 43, 53, 62, 64, 77, 85, 93, 96 and 100 cite figures that the correction changed. Correction of 21 October 2026: The balance sheet of Broadcom at the end of the first quarter of fiscal 2022 gives no long-term debt that Annalist captures, while its balance sheet at the end of fiscal 2021 gives US$39.4 billion. Net debt, the credit metrics, return on invested capital and the accruals that use that date were understated and are no longer published. No finding cites the figures. Correction of 22 October 2026: Changes against a year earlier compared 2 figures of different bases where a stock split, a spin-off or a restatement came between the 2 periods. 4 growth values changed, among them diluted earnings per share growth for fiscal 2022, minus 82.3% before the correction and 76.9% on one basis. No finding states the changes concerned.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents24 documents, latest Form 10-Q, period ended 2 August 2026List

DownloadsExcel workbook · JSON

SnapshotFY2026Q3_f0048ec0

Corporate Events

Sales of businesses for cash3 November 2024
Received US$3.5 billion from sales of businesses in fiscal 2024.
Source 10-K 2025-11
Acquisitions paid in cash3 November 2024
Paid US$26.0 billion in cash for business acquisitions in fiscal 2024, 35.7% of total assets at the start of the year.
Source 10-K 2025-11
Stock split11 September 2024
The filing reported a stock split of 10 for 1.
Source 10-Q 2024-08
Acquisition22 November 2023
Completed the acquisition of VMware, Inc.
Source 8-K 2023-11

Earnings, Returns and Balance Sheet

Revenue

By quarter, US dollars

Operating Income

By quarter, US dollars

Net Income Attributable to the Company

By quarter, US dollars

Margins

Last 4 quarters at each quarter end, per cent

Returns

Last 4 quarters, per cent

Free Cash Flow

Operating cash flow less capital expenditure, by quarter, US dollars

Net Debt

Total debt less cash and short-term investments, at quarter end, US dollars

Diluted Earnings per Share

By quarter, as reported

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a quarter derived from cumulative reports.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Analysis

Credit update

Q3 FY2026

Form 10-Q, period ended 2 August 2026, filed 10 September 2026. Changes are against the previous report, and each figure shows its period.

5changes0thresholds crossed

Changes in This Report 5

StrengthenedRevenue Against a Year Earlier10-Q 2026-08
Revenue for the quarter ended 2 August 2026 was US$29.6 billion, 85.5% higher than in the same quarter a year earlier.
Earlier record, Q2 FY2026
Revenue for the quarter ended 3 May 2026 was US$22.2 billion, 47.9% higher than in the same quarter a year earlier.
StrengthenedNet Income Against a Year Earlier10-Q 2026-08
Net income attributable to the company was US$13.1 billion, 216.1% higher than in the same quarter a year earlier.
Earlier record, Q2 FY2026
Net income attributable to the company was US$9.3 billion, 87.5% higher than in the same quarter a year earlier.
StrengthenedOperating Margin Against a Year Earlier10-Q 2026-08
The operating margin over the last 4 quarters was 48.0%, 10.3 percentage points higher than a year earlier.
Earlier record, Q2 FY2026
The operating margin over the last 4 quarters was 43.4%, 7.4 percentage points higher than a year earlier.
StrengthenedReturn on Invested Capital Against a Year Earlier10-Q 2026-08
Return on invested capital over the last 4 quarters was 27.3%, against 15.9% a year earlier.
Earlier record, Q2 FY2026
Return on invested capital over the last 4 quarters was 21.8%, against 11.3% a year earlier.

1 more change

StrengthenedFree Cash Flow10-Q 2026-08
Free cash flow over the last 4 quarters was US$39.4 billion, and operating cash flow was 1.1 times net income attributable to the company.
Earlier record, Q2 FY2026
Free cash flow over the last 4 quarters was US$32.8 billion, and operating cash flow was 1.1 times net income attributable to the company.

Thresholds Crossed 0

No published finding crosses a threshold.

Data Limits 1

Debt Not Captured in Full
At 30 January 2022 the debt maturity schedule reports $6.1bn of principal, and the balance sheet items capture $300m; the credit metrics leave out the difference.

Fiscal years and the latest quarter, with flows over the last 4 quarters and balances at the quarter end. Select a value for its formula and the figures it uses.

Credit MetricsDebt to EBITDA 1.01x, FFO to debt 89.5% · Q3 FY2026

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt was 1.0 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 89.5% of that debt. Both ratios are within the minimal band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025 and lease liabilities of Q4 FY2025.
Interpretation. Debt to EBITDA shows how many years of EBITDA the debt equals, and FFO to debt the share of the debt that 1 year of cash flow after interest and taxes would repay. The S&P table sorts both into 6 bands; the minimal band is number 1 of 6, and a higher number means more debt against earnings.
Confirmedin Q3 FY2026 · first stated1.01x from 1.97x in FY2025
Rule: Debt against the S&P benchmark bands · Sources 10-K 2025-11, 10-Q 2026-08, 10-Q 2025-08 and 3 more
History of this finding, 9 records
1. Q3 FY2026 ConfirmedLease-adjusted debt was 1.0 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 89.5% of that debt. Both ratios are within the minimal band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025 and lease liabilities of Q4 FY2025.Recorded from FY2026Q3_a3aa30a2 · correction
2. Q3 FY2026 NewLease-adjusted debt was 1.2 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 76.3% of that debt. Both ratios are within the minimal band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2025 and lease liabilities of Q4 FY2025.Recorded from FY2026Q3_29405a62 · methodology
3. Q3 FY2026 RetiredThe finding changed to the minimal band.Recorded from FY2026Q3_29405a62 · methodology
4. FY2025 ConfirmedLease-adjusted debt was 2.0 times adjusted EBITDA for fiscal 2025, and funds from operations equalled 42.9% of that debt. Debt to EBITDA is within the modest band of the S&P standard volatility table and FFO to debt within the intermediate band.Recorded from FY2026Q3_29405a62 · methodology
5. FY2025 NewLease-adjusted debt was 2.0 times adjusted EBITDA for fiscal 2025, and funds from operations equalled 42.9% of that debt. Debt to EBITDA is within the modest band of the S&P standard volatility table and FFO to debt within the intermediate band.Reconstructed · data update
6. Q4 FY2025 RetiredThe finding changed to the modest band.Reconstructed · data update
7. FY2024 NewLease-adjusted debt was 3.4 times adjusted EBITDA for fiscal 2024, and funds from operations equalled 19.6% of that debt. Debt to EBITDA is within the significant band of the S&P standard volatility table and FFO to debt within the aggressive band.Reconstructed · data update
8. Q4 FY2024 RetiredThe finding changed to the significant band.Reconstructed · data update
9. FY2023 NewLease-adjusted debt was 2.1 times adjusted EBITDA for fiscal 2023, and funds from operations equalled 39.6% of that debt. Both ratios are within the intermediate band of the S&P standard volatility table.Reconstructed · initial

Position in the S&P Standard Volatility Table, Last 4 Quarters to Q3 FY2026

S&P sorts companies into 6 bands by debt against earnings and cash flow, from the least debt to the most.

Debt equals 1.0 years of adjusted EBITDA; a year of funds from operations equals 89.5% of it.

Band	Minimal	Modest	Intermediate	Significant	Aggressive	Highly leveraged
Debt to EBITDA	1.01xbelow 1.5x	1.5x to 2x	2x to 3x	3x to 4x	4x to 5x	5x and above
FFO to debt	89.5%60% and above	45% to 60%	30% to 45%	20% to 30%	12% to 20%	below 12%

By Fiscal Year

Ratio	FY202131 Oct 2021	FY202230 Oct 2022	FY202329 Oct 2023	FY20243 Nov 2024	FY20252 Nov 2025	Q3 FY2026latest quarter
Lease-adjusted debtBorrowings plus the obligations of long-term leases, such as rents of stores, offices and warehouses, which credit analysts count as debt.Total debt + operating lease liabilities						est.
Adjusted EBITDAOperating profit before depreciation, amortisation, goodwill impairment, pay in shares and lease costs: the earnings that credit analysts set against lease-adjusted debt.EBIT + depreciation and amortisation + goodwill impairment + share-based compensation + operating lease cost	n/a	n/a				est.
Funds from operationsAdjusted EBITDA less interest and tax paid in cash: the cash the business produces each year for investment, dividends and debt repayment.Adjusted EBITDA - cash interest - lease interest - cash taxes	n/a	n/a				est.
Debt to EBITDALease-adjusted debt measured in years of adjusted EBITDA. A figure of 3 means debt equals 3 years of those earnings; a lower figure means less debt against earnings.Lease-adjusted debt / adjusted EBITDA	n/a	n/a	modest	intermediate	modest	est.minimal
FFO to debtFunds from operations as a share of lease-adjusted debt. A figure of 25% means a year of those funds equals a quarter of the debt; a higher figure means less debt.Funds from operations / lease-adjusted debt	n/a	n/a	modest	intermediate	modest	est.minimal
Net debt to adjusted EBITDADebt to EBITDA after cash and short-term investments are set against the debt.(Lease-adjusted debt - cash - short-term investments) / adjusted EBITDA	n/a	n/a				est.
Operating cash flow to debtOperating cash flow, with lease costs added back, as a share of lease-adjusted debt. A higher share means the debt could be repaid sooner from operating cash.Lease-adjusted operating cash flow / lease-adjusted debt						est.
Free operating cash flow to debtOperating cash flow less capital spending, as a share of lease-adjusted debt: the cash left for the debt after the company maintains and expands its assets.(Lease-adjusted operating cash flow - capital expenditure) / lease-adjusted debt						est.
Discretionary cash flow to debtCash left after capital spending, dividends and share repurchases, as a share of lease-adjusted debt. A negative figure means the company paid out more than it generated.(Lease-adjusted operating cash flow - capital expenditure - dividends - repurchases of common stock) / lease-adjusted debt						est.
Retained cash flow to net debtFunds from operations left after dividends, as a share of debt net of cash.(FFO - dividends) / (lease-adjusted debt - cash - short-term investments)	n/a	n/a				est.
FFO cash interest coverThe number of times cash earnings cover cash interest, lease interest included.(FFO + cash interest + lease interest) / (cash interest + lease interest)	n/a	n/a				est.
EBITDA interest coverThe number of times adjusted EBITDA covers interest, lease interest included.Adjusted EBITDA / (interest expense + lease interest)	n/a	n/a				est.
EBITA interest coverOperating profit before the amortisation of acquired intangible assets and goodwill impairment, divided by interest expense.(EBIT + amortisation of intangible assets + goodwill impairment) / interest expense
Liquid assets to debtCash and short-term investments as a share of lease-adjusted debt: the part of the debt that cash on hand could repay at once.(Cash + short-term investments) / lease-adjusted debt						est.

Reconciliation of the Credit Figures

Item	FY202131 Oct 2021	FY202230 Oct 2022	FY202329 Oct 2023	FY20243 Nov 2024	FY20252 Nov 2025	Q3 FY2026latest quarter
Total debt	$39.7bn	$39.5bn	$39.2bn	$67.5bn	$65.1bn	$59.4bn
Operating lease liabilities	$543m	$463m	$419m	$1.4bn	$1.3bn	$1.3bn
Lease-adjusted debt	$40.2bn	$39.9bn	$39.6bn	$68.9bn	$66.5bn	$60.7bn
EBIT	n/a	n/a	$16.2bn	$13.5bn	$25.5bn	$42.8bn
Depreciation and amortisation	n/a	n/a	$3.7bn	$9.9bn	$8.6bn	$8.6bn
Goodwill impairment	n/a	n/a	$0	$0	$0	$0
Share-based compensation	n/a	n/a	$2.2bn	$5.7bn	$7.6bn	$8.5bn
Operating lease cost	n/a	n/a	$91.0m	$187m	$182m	$182m
Adjusted EBITDA	n/a	n/a	$22.2bn	$29.3bn	$41.9bn	$60.1bn
Cash interest	n/a	n/a	−$1.5bn	−$3.2bn	−$2.7bn	−$2.7bn
Lease interest	n/a	n/a	−$17.2m	−$47.0m	−$63.9m	−$63.9m
Cash taxes	n/a	n/a	−$1.8bn	−$3.2bn	−$2.6bn	−$3.0bn
Funds from operations	n/a	n/a	$18.9bn	$22.8bn	$36.5bn	$54.4bn

Method

Lease-adjusted debt is total debt plus operating lease liabilities, before the deduction of cash. Adjusted EBITDA adds goodwill impairment, share-based compensation and operating lease cost to EBIT and depreciation and amortisation; restructuring and litigation charges, other impairments and profits on disposals stay in EBIT. FFO deducts cash interest, lease interest and cash taxes.
Lease interest is the average operating lease liability times the weighted average discount rate of the leases, or the implied cost of debt where the rate is not reported.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.
Operating lease cost is reported in the annual report only. Over the last 4 quarters, the lease figures that the quarters do not report are estimated from the latest fiscal year, and every value computed with such an estimate is marked.

Liquidity and MaturitiesLiquidity cover 4.15x, Debt due within 12 months $2.3bn · Q3 FY2026

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends, with the debt maturities of the latest annual report.

Cash, short-term investments and operating cash flow over the last 4 quarters equalled 4.1 times the sum of debt due within 12 months, capital expenditure and dividends.
Interpretation. Cash on hand and 1 year of operating cash flow pay for the debt due in the next 12 months, capital expenditure and dividends, without new borrowing. Undrawn credit lines are not counted.
Confirmedin Q3 FY2026 · stated since Q3 FY20244.15x from 4.06x in Q2 FY2026
Rule: Liquidity cover · Sources 10-Q 2026-08, 10-K 2025-11, 10-Q 2025-08 and 2 more
History of this finding, 11 records
1. Q3 FY2026 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 4.1 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2026Q3_29405a62 · methodology
2. Q3 FY2026 WeakenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 4.1 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2026Q3_29405a62 · methodology
3. Q3 FY2026 StrengthenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 4.8 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2026Q3_0fdb35d3 · data update
4. Q2 FY2026 StrengthenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 4.1 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
5. Q1 FY2026 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 3.1 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
6. Q4 FY2025 StrengthenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 2.9 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
7. Q3 FY2025 StrengthenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 2.4 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
8. Q2 FY2025 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.8 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
9. Q1 FY2025 WeakenedCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.7 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
10. Q4 FY2024 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 2.5 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
11. Q3 FY2024 NewCash, short-term investments and operating cash flow over the last 4 quarters equalled 2.6 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · initial

Sources and Uses, Last 4 Quarters to Q3 FY2026

Sources	Amount
Cash and short-term investments	$24.0bn
Operating cash flow	$40.7bn
Sources	$64.6bn

Uses	Amount
Debt due within 12 months	$2.3bn
Capital expenditure	$1.2bn
Dividends paid	$12.1bn
Uses	$15.6bn

Liquidity cover 4.15x

Debt Maturities at 2 November 2025

Principal due by fiscal year, US dollars

FY2026	FY2027	FY2028	FY2029	FY2030	After FY2030	Total
$3.2bn	$2.5bn	$7.1bn	$4.7bn	$6.4bn	$43.3bn	$67.1bn

By Fiscal Year

Ratio	FY202131 Oct 2021	FY202230 Oct 2022	FY202329 Oct 2023	FY20243 Nov 2024	FY20252 Nov 2025	Q3 FY2026latest quarter
Liquidity coverCash on hand plus a year of operating cash flow, against the cash needed in the next 12 months for maturing debt, capital spending and dividends. Above 1, these sources cover the uses without new borrowing.(Cash + short-term investments + operating cash flow) / (debt due within 12 months + capital expenditure + dividends); the flows of the fiscal year or of the last 4 quarters are taken as those of the next 12 months, and undrawn facilities are not included
Debt due within 12 monthsBorrowings due within the next 12 months, which the company must repay or refinance.The larger of long-term debt maturing within 12 months in the maturity schedule and the current portion of long-term debt, + short-term borrowings
Maturity concentrationThe largest amount of debt due in a single year of the next 5, as a share of the debt in the schedule. A high share means the repayments are concentrated in 1 year.Largest single year of debt maturing within 5 years / total debt in the maturity schedule						n/a

Method

Debt due within 12 months is the larger of the first year of the maturity schedule and the current portion of long-term debt, plus short-term borrowings. The schedule of a quarterly report can cover the rest of the fiscal year only and leaves out finance leases.
Capital expenditure and dividends of the fiscal year, or of the last 4 quarters, are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityCash-flow accruals −1.4%, Operating cash flow to EBITDA 0.79x · Q3 FY2026

Accruals and the cash backing of reported earnings.

Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 1.4% of average total assets.
Interpretation. The profit came in as cash: operating cash flow was larger than net income. Profit backed by cash tends to repeat more than profit made of accounting entries (Sloan, 1996).
Confirmedin Q3 FY2026 · stated since Q3 FY2024−1.4% from −2.5% in Q2 FY2026
Rule: Cash backing of earnings · Sources 10-Q 2025-08, 10-Q 2026-08, 10-K 2025-11 and 2 more
History of this finding, 10 records
1. Q3 FY2026 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 1.4% of average total assets.Recorded from FY2026Q3_29405a62 · methodology
2. Q3 FY2026 WeakenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 1.4% of average total assets.Recorded from FY2026Q3_0fdb35d3 · data update
3. Q2 FY2026 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 2.5% of average total assets.Reconstructed · data update
4. Q1 FY2026 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 2.8% of average total assets.Reconstructed · data update
5. Q4 FY2025 WeakenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 2.6% of average total assets.Reconstructed · data update
6. Q3 FY2025 WeakenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.9% of average total assets.Reconstructed · data update
7. Q2 FY2025 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 6.1% of average total assets.Reconstructed · data update
8. Q1 FY2025 WeakenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 6.5% of average total assets.Reconstructed · data update
9. Q4 FY2024 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 11.8% of average total assets.Reconstructed · data update
10. Q3 FY2024 NewOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 11.8% of average total assets.Reconstructed · initial

Net Income and Operating Cash Flow

Last 4 quarters at each quarter end, US dollars

By Fiscal Year

Ratio	FY202131 Oct 2021	FY202230 Oct 2022
Cash-flow accrualsNet income less operating cash flow, against average assets: the part of profit not received in cash in the same period. Research associates high accruals with lower earnings in later years; a negative figure means cash exceeded profit.(Net income attributable to the company - operating cash flow) / average total assets	n/a
Balance sheet accrualsThe same gap between profit and cash, measured from the changes in the balance sheet (Sloan, 1996).[(Change in current assets - change in cash) - (change in current liabilities - change in short-term debt - change in taxes payable) - depreciation and amortisation] / average total assets (Sloan, 1996)	n/a	n/a
Total accrualsAccruals that also cover long-term operating and financial assets and liabilities (Richardson, Sloan, Soliman and Tuna, 2005). Acquisitions raise the figure.Change in net operating working capital, net non-current operating assets and net financial assets / average total assets (Richardson, Sloan, Soliman and Tuna, 2005)	n/a
Operating cash flow to EBITDAOperating cash flow against EBITDA: the part of operating profit before depreciation that turns into cash after interest, tax and changes in stock, receivables and payables.Operating cash flow / (operating income + depreciation and amortisation)	n/a	n/a
Free cash flow to net incomeFree cash flow against net income. Below 1, investment and working capital take up part of the profit.(Operating cash flow - capital expenditure) / net income attributable to the company
Working capital investment to revenueCash put into receivables and stock, less extra credit from suppliers and customers, as a share of revenue. A positive figure means growth or slower collection uses cash.(Increase in receivables + increase in inventories - increase in payables - increase in contract liabilities) / revenue

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresAltman Z'' 2.64, Beneish −2.10 · Piotroski 7 of 9 · Last 4 quarters 4.19 at Q3 FY2026 · FY2025

Published distress and misstatement models, with their original coefficients and thresholds.

The Altman Z'' score for fiscal 2025 was 2.64, above the safe threshold of 2.60.
Interpretation. By this model, the balance sheet and earnings look like those of companies that did not go bankrupt in its original study: above 2.60 means safe, below 1.10 distress.
Newin FY2025 · first stated
Rule: Altman Z'' zone · Sources 10-Q 2026-08, 10-K 2025-11
History of this finding, 5 records
1. FY2025 NewThe Altman Z'' score for fiscal 2025 was 2.64, above the safe threshold of 2.60.Reconstructed · data update
2. Q4 FY2025 RetiredThe finding changed to the safe zone.Reconstructed · data update
3. FY2024 NewThe Altman Z'' score for fiscal 2024 was 1.39, between the distress threshold of 1.10 and the safe threshold of 2.60.Reconstructed · data update
4. Q4 FY2024 RetiredThe finding changed to the grey zone.Reconstructed · data update
5. FY2023 NewThe Altman Z'' score for fiscal 2023 was 3.34, above the safe threshold of 2.60.Reconstructed · initial
The Beneish M-score for fiscal 2025 was minus 2.10, below the model threshold of minus 1.78.
Interpretation. The model finds no sign of earnings manipulation. Beneish (1999) set a threshold of minus 1.78, above which a company resembles the companies that manipulated their earnings.
Weakenedin FY2025 · stated since FY2023−2.10 from −2.49 in FY2024
Rule: Beneish M-score against its threshold · Sources 10-K 2025-11, 10-Q 2026-08
History of this finding, 3 records
1. FY2025 WeakenedThe Beneish M-score for fiscal 2025 was minus 2.10, below the model threshold of minus 1.78.Reconstructed · data update
2. FY2024 WeakenedThe Beneish M-score for fiscal 2024 was minus 2.49, below the model threshold of minus 1.78.Reconstructed · data update
3. FY2023 NewThe Beneish M-score for fiscal 2023 was minus 2.72, below the model threshold of minus 1.78.Reconstructed · initial
The Piotroski F-score for fiscal 2025 was 7 of 9. The 2 signals not met were no common equity issued and asset turnover higher than a year earlier.
Interpretation. The score counts how many of 9 tests of profit, debt, liquidity and efficiency the company passes. A score of 7 to 9 is the strongest group: Piotroski (2000) placed 0 to 3 in the weakest.
Newin FY2025 · first stated
Rule: Piotroski F-score · Sources 10-K 2024-11, 10-K 2025-11, 10-Q 2026-08
History of this finding, 5 records
1. FY2025 NewThe Piotroski F-score for fiscal 2025 was 7 of 9. The 2 signals not met were no common equity issued and asset turnover higher than a year earlier.Reconstructed · data update
2. Q4 FY2025 RetiredThe finding changed to a high score.Reconstructed · data update
3. FY2024 NewThe Piotroski F-score for fiscal 2024 was 4 of 9. The 5 signals not met were return on assets higher than a year earlier, long-term debt to assets lower than a year earlier, current ratio higher than a year earlier, no common equity issued and margin higher than a year earlier.Reconstructed · data update
4. Q4 FY2024 RetiredThe finding changed to a middle score.Reconstructed · data update
5. FY2023 NewThe Piotroski F-score for fiscal 2023 was 8 of 9. The signal not met was no common equity issued.Reconstructed · initial

By Fiscal Year

Ratio	FY202131 Oct 2021	FY202230 Oct 2022	FY202329 Oct 2023	FY20243 Nov 2024	FY20252 Nov 2025	Q3 FY2026latest quarter
Altman Z'' scoreA measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.6.56 x working capital / total assets + 3.26 x retained earnings / total assets + 6.72 x EBIT / total assets + 1.05 x total equity / total liabilities (Altman, 1995); distress zone below 1.10, safe zone above 2.60	grey zone	safe zone	safe zone	grey zone	safe zone	safe zone
Beneish M-scoreA screen for earnings manipulation, built from 8 changes in the accounts, such as receivables growing faster than sales. Above minus 1.78 the model groups a company with the companies in the Beneish sample that manipulated their earnings.-4.84 + 0.920 DSRI + 0.528 GMI + 0.404 AQI + 0.892 SGI + 0.115 DEPI - 0.172 SGAI + 4.679 TATA - 0.327 LVGI (Beneish, 1999); model threshold -1.78	n/a	below threshold	below threshold	below threshold	below threshold	n/a
Dechow F-scoreThe probability of a material misstatement in the accounts, estimated from accruals, receivables, stock, cash sales, profitability and new financing, against the average. A score of 1 means average risk and 2 means twice the average.Predicted probability of a misstatement (model 1 of Dechow, Ge, Larson and Sloan, 2011) / 0.0037, the unconditional probability; 1 equals the base rate	n/a	n/a				n/a
Piotroski F-scoreA count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.Number of 9 binary signals met on profitability, cash flow, debt, liquidity, equity issuance, margin and asset turnover (Piotroski, 2000)	n/a	n/a				n/a

Altman Z'' Score

fiscal 2025

A measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.

Distress zone, below 1.10

Grey zone, 1.10 to 2.60

2.64Safe zone, above 2.60

The score of 2.64 is in the safe zone of the model, above 2.60. The largest part is operating profit, at 1.00.

Part	Value	Coefficient	Contribution
Working capital / total assetsCurrent assets less current liabilities, against total assets: the short-term funds available for operations.	0.076	6.560	0.501
Retained earnings / total assetsProfits kept in the business over its life, against total assets.	0.057	3.260	0.186
EBIT / total assetsOperating profit against total assets: the earning power of the assets.	0.149	6.720	1.001
Total equity / total liabilitiesBook equity against liabilities: how far the assets could fall in value before liabilities exceed them.	0.905	1.050	0.951
Score			2.638

Altman, Hartzell and Peck (1995), for non-manufacturing companies. The model omits the ratio of sales to total assets of the 1968 model and uses book equity. Working capital below zero and equity reduced by share repurchases lower the score.

Beneish M-score

fiscal 2025

A screen for earnings manipulation, built from 8 changes in the accounts, such as receivables growing faster than sales. Above minus 1.78 the model groups a company with the companies in the Beneish sample that manipulated their earnings.

−2.10Below the threshold, −1.78 and below

Above the threshold, above −1.78

The score of minus 2.10 is below the model threshold of minus 1.78. Of the 8 measures, receivables against sales raises the score most.

Part	Value	Coefficient	Contribution
Intercept			−4.840
Days sales in receivables indexReceivables against sales, against a year earlier. A rise can mean sales recorded before customers pay.	1.306	0.920	1.202
Gross margin indexGross margin a year earlier against the current gross margin. Above 1, margins fell, which the model treats as a risk factor.	0.930	0.528	0.491
Asset quality indexAssets other than current assets and property, plant and equipment, as a share of total assets, against a year earlier. A rise can mean more costs recorded as assets.	0.924	0.404	0.373
Sales growth indexSales against a year earlier. The model treats fast growth as a risk factor.	1.239	0.892	1.105
Depreciation indexThe rate of depreciation a year earlier against the current rate. Above 1, depreciation slowed, which raises profit.	1.030	0.115	0.118
Selling, general and administrative expenses indexOverheads against sales, against a year earlier.	0.686	−0.172	−0.118
Total accruals to total assetsNet income less operating cash flow, against total assets: profit not backed by cash. It carries the largest coefficient in the model.	−0.026	4.679	−0.121
Leverage indexDebt against total assets, against a year earlier.	0.939	−0.327	−0.307
Score			−2.096

Beneish (1999), estimated on 74 companies identified as earnings manipulators in SEC enforcement releases and the press for 1982 to 1992, against 2,332 Compustat companies. The model classes a score above minus 1.78 with the first group. An index whose inputs are not reported counts as 1.

Dechow F-score

fiscal 2025

The probability of a material misstatement in the accounts, estimated from accruals, receivables, stock, cash sales, profitability and new financing, against the average. A score of 1 means average risk and 2 means twice the average.

A score of 1.69 means a probability of a misstatement 1.69 times the average rate in the Dechow sample: 0.62% against 0.37%.

Part	Value	Coefficient	Contribution
Intercept			−7.893
Total accruals (Richardson, Sloan, Soliman and Tuna)Total accruals: the growth of operating and financial assets net of liabilities, against average assets.	0.040	0.790	0.032
Change in receivables / average total assetsThe growth of receivables against average assets.	0.016	2.518	0.041
Change in inventories / average total assetsThe growth of stock against average assets.	0.003	1.191	0.004
Assets other than cash and property, plant and equipment / total assetsAssets other than cash and property, plant and equipment, as a share of total assets: assets whose value depends more on judgement.	0.891	1.979	1.763
Change in cash salesThe growth of sales collected in cash.	0.216	0.171	0.037
Change in return on assetsThe change in return on assets against a year earlier. A fall raises the score.	0.088	−0.932	−0.082
Debt or equity issued in the year, 1 or 01 when the company issued shares or debt in the year.	1.000	1.029	1.029
Predicted value			−5.070
Probability of a misstatement			0.62%

Model 1 of Dechow, Ge, Larson and Sloan (2011), estimated on misstatements named in SEC Accounting and Auditing Enforcement Releases. The score is the predicted probability of a misstatement over 0.37%, the unconditional probability in their sample, so 1.00 equals that base rate.

Piotroski F-score

fiscal 2025

A count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.

7 of the 9 tests are met, in the high group of 7 to 9.

Signal	FY2025	FY2024
Return on assets above zero	Met	Met
Operating cash flow above zero	Met	Met
Return on assets higher than a year earlier	Met	Not met
Operating cash flow above net income	Met	Met
Long-term debt to assets lower than a year earlier	Met	Not met
Current ratio higher than a year earlier	Met	Not met
No common equity issued	Not met	Not met
Margin higher than a year earlier	Met	Not met
Asset turnover higher than a year earlier	Not met	Met

Piotroski (2000), 9 signals on profitability, funding and operating efficiency, designed for companies with high book-to-market ratios. Piotroski grouped scores of 8 and 9 as high and 0 and 1 as low; the findings group 7 to 9 and 0 to 3.

Source Documents

Documents of this snapshot, latest first.

Document	Date	Id
Form 10-Q, period ended 2 August 2026	10 Sep 2026	10-Q:0001730168-26-000080
Form 10-Q, period ended 3 May 2026	9 Jun 2026	10-Q:0001730168-26-000054
Form 10-Q, period ended 1 February 2026	11 Mar 2026	10-Q:0001730168-26-000016
Form 10-K, period ended 2 November 2025	18 Dec 2025	10-K:0001730168-25-000121
Form 10-Q, period ended 3 August 2025	10 Sep 2025	10-Q:0001730168-25-000098
Form 10-Q, period ended 4 May 2025	11 Jun 2025	10-Q:0001730168-25-000064
Form 10-Q, period ended 2 February 2025	12 Mar 2025	10-Q:0001730168-25-000021
Form 10-K, period ended 3 November 2024	20 Dec 2024	10-K:0001730168-24-000139
Form 10-Q, period ended 4 August 2024	11 Sep 2024	10-Q:0001730168-24-000099
Form 10-Q, period ended 5 May 2024	13 Jun 2024	10-Q:0001730168-24-000080
Form 10-Q, period ended 4 February 2024	14 Mar 2024	10-Q:0001730168-24-000023
Form 10-K, period ended 29 October 2023	14 Dec 2023	10-K:0001730168-23-000096
Form 8-K, period ended 22 November 2023	22 Nov 2023	8-K:0001140361-23-054354
Form 10-Q, period ended 30 July 2023	6 Sep 2023	10-Q:0001730168-23-000077
Form 10-Q, period ended 30 April 2023	7 Jun 2023	10-Q:0001730168-23-000064
Form 10-Q, period ended 29 January 2023	8 Mar 2023	10-Q:0001730168-23-000008
Form 10-K, period ended 30 October 2022	16 Dec 2022	10-K:0001730168-22-000118
Form 10-Q, period ended 31 July 2022	8 Sep 2022	10-Q:0001730168-22-000094
Form 10-Q, period ended 1 May 2022	9 Jun 2022	10-Q:0001730168-22-000081
Form 10-Q, period ended 30 January 2022	10 Mar 2022	10-Q:0001730168-22-000029
Form 10-K, period ended 31 October 2021	17 Dec 2021	10-K:0001730168-21-000153
Form 10-Q, period ended 1 August 2021	9 Sep 2021	10-Q:0001730168-21-000123
Form 10-Q, period ended 2 May 2021	11 Jun 2021	10-Q:0001730168-21-000116
Form 10-Q, period ended 31 January 2021	12 Mar 2021	10-Q:0001730168-21-000045

Checks

303292 of 303 checks passed, 11 warnings

Fiscal calendar59 passedFiscal years last 350 to 380 days, quarters 80 to 125 days, and each period starts on the day after the one before. Checked at error level.

Quarters and fiscal year132 passedThe 4 quarters of every item add up to its fiscal year, or a later filing restated the year. Checked at error level.

Filer identity1 passedThe documents are those of the company of this page. Checked at error level.

Balance sheet identity23 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Balance sheet structure16 of 23 passedTotal assets equal liabilities, temporary equity and total equity. Checked at warning level.

31 Jan 2021: $76,972m against $76,946m

2 May 2021: $75,524m against $75,497m

1 Aug 2021: $75,880m against $75,853m

31 Oct 2021: $75,570m against $75,543m

30 Jan 2022: $73,224m against $73,198m

1 May 2022: $71,719m against $71,692m

Debt maturities5 of 9 passedThe debt maturity schedule adds up to the long-term debt. Checked at warning level.

31 Jan 2021: $7,079m against $864m

2 May 2021: $4,062m against $0

1 Aug 2021: $4,062m against $279m

30 Jan 2022: $6,077m against $300m

Lease liabilities5 passedLease payments due, less imputed interest, equal the lease liabilities. Checked at warning level.

Quarters and 9 months18 passedThe 3 reported quarters of a fiscal year add up to the reported 9-month figure. Checked at error level.

Gross profit28 passedRevenue less cost of revenue equals reported gross profit. Checked at warning level.

Earnings per share5 passedNet income divided by average shares agrees with reported basic earnings per share. Checked at warning level.

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	1,458
Confirmed by other figures	51.6%, 753 values
Confirmed by a second document	0.0%, 0 values
Derived from reported figures	19.1%, 278 values
Values withheld	0
Restated figures tracked	26
Changes compared on one basis	4
Company lines mapped	0 of 0 reviewed

Citation

Annalist, Broadcom Inc., snapshot broadcom/FY2026Q3_f0048ec0 (as of FY2026 Q3); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2026Q3_f0048ec0 · dataset SHA-256 f0048ec02662fbcb93cf8a77f4d721a3d737c5f1ed6d60179e6148422481abbd · findings rules 0.4

Data: info.json · dataset.json · validation.json · documents.json