Broadcom — Dec 12, 2024 release

AI revenue which grew 220 percent year-on-year was driven by our leading AI XPUs and Ethernet networking portfolio.” “In fiscal year 2024 adjusted EBITDA increased 37% year-over-year to a record $31.9 billion, and free cash flow excluding restructuring was strong at $21.9 billion,” said Kirsten Spears, CFO of Broadcom Inc. “Based on increased cash flows in fiscal year 2024, we are increasing our quarterly common stock dividend by 11% to $0.59 per share for fiscal year 2025. The target fiscal year 2025 annual common stock dividend of $2.36 per share is a record, and the fourteenth consecutive increase in annual dividends since we initiated dividends in fiscal 2011.” ________________________________ (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. 1 Fourth Quarter Fiscal Year 2024 Financial Highlights GAAP Non-GAAP (Dollars in millions, except per share data) Q4 24 Q4 23 Change Q4 24 Q4 23 Change Net revenue $ 14,054  $ 9,295  +51 % $ 14,054  $ 9,295  +51 % Net income $ 4,324  $ 3,524  +$800 $ 6,965  $ 4,810  +$2,155 Earnings per common share - diluted * $ 0.90  $ 0.83  +$0.07 $ 1.42  $ 1.11  +$0.31 (Dollars in millions) Q4 24 Q4 23 Change Cash flow from operations $ 5,604  $ 4,828  +$776 Adjusted EBITDA $ 9,089  $ 6,048  +$3,041 Free cash flow $ 5,482  $ 4,723  +$759 Net revenue by segment (Dollars in millions) Q4 24 Q4 23 Change Semiconductor solutions $ 8,230  59 % $ 7,326  79 % +12 % Infrastructure software 5,824  41 1,969  21 +196 % Total net revenue $ 14,054  100 % $ 9,295  100 % * On July 12, 2024, the Company completed a ten-for-one forward stock split. All per share amounts prese