Risk Factors Update Summary
- Addition of financial institution instability as a risk factor, impacting debt obligations and sales.
- Increase in revenue concentration from 63% to 72% with the largest customer for fiscal year ended February 3, 2024.
- Acquisition of VMware by Broadcom in November 2023, impacting market competition and consolidation.
- Increase in debt outstanding from $4.2 billion to $4.9 billion, affecting financial flexibility and operations.
- Transition from standard server processors to a new product line, resulting in $131 million restructuring charges.
- Increase in stock repurchase program authorization from $1.4 billion to $4.9 billion, impacting stock price.
- Implementation of cybersecurity processes to mitigate risks, with potential impacts on operations and reputation.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1835632&owner=exclude
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