Broadcom Inc. (AVGO) — Open Ledger

Broadcom's complete financial history, FY2021–FY2025, modeled as a public, auditable plain-text Beancount ledger. Part of the Open Ledger project on beancount.io — public companies' income statements and balance sheets, reconstructed line-by-line from their own SEC filings and version-controlled in git.

Companion analysis: Broadcom FY2025 Earnings: $63.9B in Revenue, and a Net Income That Nearly Quadrupled to $23.1B

Quick Start

uvx --from beancount bean-check main.bean

Zero output means the ledger is internally consistent — every income statement sums to zero, and every balance-sheet snapshot below reconciles to Broadcom's own filed totals.

What's Inside

Broadcom's fiscal year ends the Sunday closest to October 31.

Methodology

• Balance sheet figures are asserted via pad/balance directives against each fiscal year-end's filed Form 10-K — see the source comment at the top of each period file for the exact SEC EDGAR filing cited (all figures cross-checked across overlapping fiscal years wherever two independently-filed 10-Ks disclose the same period).
• Income statement for each period is a single zero-sum transaction: Income accounts are negative (credit), Expenses positive (debit), with the arithmetic check shown in a comment directly above the transaction.
• Amortization of acquired intangible assets gets its own dedicated account (Expenses:AmortizationOfAcquiredIntangibles) rather than being folded into cost of revenue — at ~$8–9B a year post-VMware, it is the single largest swing factor in Broadcom's reported earnings.
• All amounts are in MUSD (millions of US dollars); 18315 MUSD means $18.315 billion.

About Open Ledger

This repository is part of a growing library of public-company ledgers published at beancount.io/ledger — plain-text, git-versioned, and fully auditable. Explore more companies, or read the analysis behind the numbers, on the beancount.io blog.