Why Did Stan Druckenmiller Sell Broadcom Stock?
In Q3, legendary macro investor Stan Druckenmiller sold his entire…
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | $3.9B | $4.2B | $4.3B | $4.5B | $5.2B | |
| Revenue Growth (YoY) | 31.18% | 7.79% | 2.18% | 4.99% | 15.45% | |
| Cost of Revenues | $2.2B | $2.5B | $2.7B | $2.8B | $3B | |
| Gross Profit | $1.7B | $1.7B | $1.6B | $1.7B | $2.2B | |
| Gross Profit Margin | 43.16% | 41.48% | 37.21% | 36.7% | 42.96% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $203.6M | $192M | $170.5M | $226.1M | $248.4M | |
| Other Inc / (Exp) | -$195.6M | -$189.2M | -$226.3M | -$218.5M | -$77M | |
| Operating Expenses | $188.8M | $208.8M | $188M | $259.3M | $236.4M | |
| Operating Income | $1.5B | $1.5B | $1.4B | $1.4B | $2B | |
| Net Interest Expenses | $114.5M | $91.2M | $59.7M | $40.2M | $25M | |
| EBT. Incl. Unusual Items | $1.2B | $1.3B | $1.2B | $1.2B | $2B | |
| Earnings of Discontinued Ops. | -- | -- | $13M | -$18.9M | -- | |
| Income Tax Expense | $432.5M | $424.9M | $442.1M | $465.1M | $696.3M | |
| Net Income to Company | $745.4M | $829.5M | $708.7M | $745.2M | $1.3B | |
| Minority Interest in Earnings | $22.4M | $40.2M | $10.7M | $23M | $45.5M | |
| Net Income to Common Excl Extra Items | $745.4M | $829.5M | $708.7M | $745.2M | $1.3B | |
| Basic EPS (Cont. Ops) | $0.82 | $0.89 | $0.80 | $0.79 | $1.39 | |
| Diluted EPS (Cont. Ops) | $0.81 | $0.89 | $0.78 | $0.77 | $1.38 | |
| Weighted Average Basic Share | $878.7M | $887.3M | $891M | $893.3M | $894.9M | |
| Weighted Average Diluted Share | $889.8M | $893.5M | $893.9M | $895M | $895.5M | |
| EBITDA | $2.2B | $2.3B | $2.3B | $2.2B | $2.6B | |
| EBIT | $1.5B | $1.5B | $1.4B | $1.4B | $2B | |
| Revenue (Reported) | $3.9B | $4.2B | $4.3B | $4.5B | $5.2B | |
| Operating Income (Reported) | $1.5B | $1.5B | $1.4B | $1.4B | $2B | |
| Operating Income (Adjusted) | $1.5B | $1.5B | $1.4B | $1.4B | $2B | |
| Period Ending | 2011-12-31 | 2012-12-31 | 2013-12-31 | 2014-12-31 | 2015-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | $1.5B | -- | $775.7M | $708M | $640.1M | |
| Revenue Growth (YoY) | -- | -- | -18.19% | -9.31% | -22.49% | |
| Cost of Revenues | $1.4B | $625.2M | $652.1M | $589.2M | $524M | |
| Gross Profit | $118.6M | -- | $123.7M | $118.8M | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | $141.3M | -$140M | -$722M | -$75M | -$134.2M | |
| Operating Expenses | $15.6M | $38M | $84.1M | $41.9M | $49.2M | |
| Operating Income | $103M | -$38M | $39.5M | $76.9M | $66.9M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | $512.1M | -$149.5M | -$671.5M | -$2.5M | -- | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $181M | $118.9M | -$150.2M | $22M | $126M | |
| Net Income to Company | -$327.5M | -$814.5M | -$669.1M | -$17M | -$462.1M | |
| Minority Interest in Earnings | $12.9M | $10.4M | -$16.3M | $1.5M | -- | |
| Net Income to Common Excl Extra Items | $334.4M | -$289.4M | -$523.4M | -$24M | -$263.5M | |
| Basic EPS (Cont. Ops) | $0.45 | $0.09 | -$0.66 | -$0.03 | -$0.33 | |
| Diluted EPS (Cont. Ops) | $0.44 | $0.09 | -$0.66 | -$0.03 | -- | |
| Weighted Average Basic Share | $722.4M | $727.5M | $766.5M | $770.6M | $776.6M | |
| Weighted Average Diluted Share | $730.8M | $730.7M | $766.5M | $770.6M | $776.6M | |
| EBITDA | $320.4M | $406.8M | $219.9M | $249M | $239.3M | |
| EBIT | $103M | $266.1M | $39.5M | $76.9M | -- | |
| Revenue (Reported) | $1.5B | -- | $775.7M | $708M | $640.1M | |
| Operating Income (Reported) | $103M | -$38M | $39.5M | $76.9M | $66.9M | |
| Operating Income (Adjusted) | $103M | $266.1M | $39.5M | $76.9M | -- | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Revenue | $4.1B | $4.5B | $4.4B | $4.4B | $6.6B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $2.3B | $2.6B | $2.9B | $2.8B | $3.3B | |
| Gross Profit | $1.8B | $1.9B | $1.6B | $1.5B | $3.3B | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $202.2M | $185M | $191.2M | $204M | $304.8M | |
| Other Inc / (Exp) | $11.2M | -$98.5M | -$252.3M | -$233.7M | -- | |
| Operating Expenses | $207.8M | $208.8M | $209.8M | $237.6M | $292.8M | |
| Operating Income | $1.6B | $1.7B | $1.4B | $1.3B | $3B | |
| Net Interest Expenses | $117.6M | $98.1M | $50.2M | $27.5M | $46M | |
| EBT. Incl. Unusual Items | $1.5B | $1.5B | $1.1B | $1.2B | $3B | |
| Earnings of Discontinued Ops. | -- | -- | $31.1M | -$19.1M | -- | |
| Income Tax Expense | $541.2M | $485.8M | $453M | $439.6M | $1B | |
| Net Income to Company | $1.1B | $1B | $693.4M | $654.3M | $1.6B | |
| Minority Interest in Earnings | $39.6M | $41.7M | $2.8M | $19.7M | $61.8M | |
| Net Income to Common Excl Extra Items | $987.6M | $959.9M | $642.5M | $676.4M | $1.9B | |
| Basic EPS (Cont. Ops) | $1.07 | $1.03 | $0.75 | $0.71 | $2.11 | |
| Diluted EPS (Cont. Ops) | $1.06 | $1.03 | $0.74 | $0.70 | $2.09 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | $2.3B | $2.4B | $2.3B | $2B | $3.7B | |
| EBIT | $1.6B | $1.7B | $1.4B | $1.3B | $3B | |
| Revenue (Reported) | $4.1B | $4.5B | $4.4B | $4.4B | $6.6B | |
| Operating Income (Reported) | $1.6B | $1.7B | $1.4B | $1.3B | $3B | |
| Operating Income (Adjusted) | $1.6B | $1.7B | $1.4B | $1.3B | $3B | |
| Period Ending | 2022-01-07 | 2023-01-07 | 2024-01-07 | 2025-01-07 | ||
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -- | -- | -- | -- | -- | |
| Operating Income | -- | -- | -- | -- | -- | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -- | -- | -- | -- | -- | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -- | -- | -- | -- | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -- | -- | -- | -- | |
| Basic EPS (Cont. Ops) | -- | -- | -- | -- | -- | |
| Diluted EPS (Cont. Ops) | -- | -- | -- | -- | -- | |
| Weighted Average Basic Share | -- | -- | -- | -- | -- | |
| Weighted Average Diluted Share | -- | -- | -- | -- | -- | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | -- | -- | -- | -- | -- | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Adjusted) | -- | -- | -- | -- | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $886.8M | $524.7M | $769.4M | $648.7M | $860.2M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $49.8M | $76.6M | $55.8M | $68.7M | $152.7M | |
| Inventory | $521.6M | $627.6M | $759M | $827.9M | $699.3M | |
| Prepaid Expenses | $106.4M | $108.2M | $66.3M | $59.3M | $50.8M | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $1.7B | $1.4B | $1.8B | $1.7B | $1.9B | |
| Property Plant And Equipment | $4.8B | $5.1B | $4.8B | $5.1B | $7.3B | |
| Long-Term Investments | $560.3M | $432.8M | $319.2M | $764.4M | $322.3M | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | $141.5M | $155.2M | $205.3M | $252M | $349.8M | |
| Total Assets | $7.5B | $7.3B | $7.3B | $8.2B | $10.1B | |
| Accounts Payable | $133.4M | $165M | $133.1M | $161.8M | $151.7M | |
| Accrued Expenses | $334.7M | $359.7M | $412M | $428M | $454.6M | |
| Current Portion Of Long-Term Debt | -- | -- | -- | $583.1M | -- | |
| Current Portion Of Capital Lease Obligations | $64.2M | $60.4M | $64.1M | $76.7M | $86.9M | |
| Other Current Liabilities | $61.3M | $17M | $10.2M | -- | -- | |
| Total Current Liabilities | $916.5M | $822.4M | $785.4M | $1.5B | $1.7B | |
| Long-Term Debt | $1.8B | $1.4B | $1.4B | $1B | $2.1B | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $3.6B | $3.2B | $3B | $3.6B | $4.8B | |
| Common Stock | $3.9B | $3.9B | $3.9B | $3.9B | $3.9B | |
| Other Common Equity Adj | -$2B | -$2.1B | -$2.3B | -$2.4B | -$2.5B | |
| Common Equity | $3.7B | $4B | $4.2B | $4.5B | $5.2B | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | $163.7M | $152.3M | $131.9M | $143.7M | $165.5M | |
| Total Equity | $3.8B | $4.1B | $4.3B | $4.6B | $5.4B | |
| Total Liabilities and Equity | $7.5B | $7.3B | $7.3B | $8.2B | $10.1B | |
| Cash and Short Terms | $886.8M | $524.7M | $769.4M | $648.7M | $860.2M | |
| Total Debt | $2B | $1.5B | $1.5B | $1.7B | $2.9B | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $703.5M | $724.1M | $650.5M | $527.7M | -- | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | $844.3M | $802M | $1.1B | $968.8M | -- | |
| Total Current Assets | $1.6B | $1.5B | $1.8B | $1.5B | -- | |
| Property Plant And Equipment | $5B | $5.2B | $4.8B | $5.5B | -- | |
| Long-Term Investments | $408.1M | $302.4M | $737.2M | $707.7M | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | $223.1M | $283M | $333.5M | $457.5M | -- | |
| Total Assets | $7.5B | $7.5B | $7.8B | $8.4B | -- | |
| Accounts Payable | -- | -- | -- | -- | -- | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | $782.6M | -- | -- | |
| Current Portion Of Capital Lease Obligations | $59.8M | $64.6M | $64.5M | $82M | -- | |
| Other Current Liabilities | $694.6M | $600.2M | $697.8M | $737M | -- | |
| Total Current Liabilities | $777M | $688.1M | $1.6B | $844.6M | -- | |
| Long-Term Debt | $1.4B | $1.2B | $497.3M | $1.2B | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $3.4B | $3.1B | $3.4B | $3.6B | -- | |
| Common Stock | $3.9B | $3.9B | $3.9B | $3.9B | -- | |
| Other Common Equity Adj | -$1.9B | -$2.2B | -$2.5B | -$2.4B | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | $164.7M | $161M | $137.6M | $144.7M | -- | |
| Total Equity | $4.1B | $4.4B | $4.4B | $4.8B | -- | |
| Total Liabilities and Equity | $7.5B | $7.5B | $7.8B | $8.4B | -- | |
| Cash and Short Terms | $703.5M | $724.1M | $650.5M | $527.7M | -- | |
| Total Debt | -- | -- | -- | -- | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $745.4M | $829.5M | $708.7M | $745.2M | $1.3B | |
| Depreciation & Amoritzation | $673.5M | $732.6M | $856.1M | $817.1M | $651.5M | |
| Stock-Based Compensation | $14.5M | $12.7M | $6.9M | $9.1M | $4.4M | |
| Change in Accounts Receivable | -$88M | $47.7M | $38.5M | -$61.4M | -$96.7M | |
| Change in Inventories | -$89.9M | -$132.1M | -$195.1M | -$153.1M | $15.3M | |
| Cash From Operations | $1.3B | $1.6B | $1.7B | $1.6B | $2B | |
| Capital Expenditures | $590.8M | $1.1B | $1.1B | $1.1B | $1.2B | |
| Cash Acquisitions | -- | -- | -- | $316.2M | $65.2M | |
| Cash From Investing | -$607.4M | -$1.1B | -$1.1B | -$1.4B | -$2.6B | |
| Dividends Paid (Ex Special Dividend) | $137.7M | $322.3M | $304.4M | $368.6M | $350.5M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $689.8M | $207.5M | $206.5M | $804.8M | $2.3B | |
| Long-Term Debt Repaid | -$1.1B | -$718M | -$263.4M | -$722.4M | -$1.1B | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -$286.2M | -$880.4M | -$392.5M | -$300.4M | $832.5M | |
| Beginning Cash (CF) | $886.8M | $524.7M | $769.4M | $648.7M | $860.2M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $371.8M | -$362.1M | $244.7M | -$120.7M | $211.3M | |
| Ending Cash (CF) | $1.3B | $151.3M | $1B | $501.8M | $1.1B | |
| Levered Free Cash Flow | $667M | $511.4M | $645.5M | $520.9M | $796.7M | |
| Period Ending | 2011-12-31 | 2012-12-31 | 2013-12-31 | 2014-12-31 | 2015-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$327.5M | -$814.5M | -$669.1M | -$17M | -$462.1M | |
| Depreciation & Amoritzation | $219.9M | -$83.1M | $562.1M | $183.1M | $184.1M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $618.9M | $1.3B | $496.2M | $241.3M | $210.8M | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | $989.4M | $690.5K | $154.2M | -- | -- | |
| Cash From Investing | -$375.3M | -$1.5B | -$939.1M | -$177.5M | -$165.5M | |
| Dividends Paid (Ex Special Dividend) | -$10.2M | -$6.4M | $51.3M | $678.4K | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -$1.1B | -- | -- | -- | -- | |
| Long-Term Debt Repaid | $561.6M | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$885.5M | -$12M | -$120.1M | $10.6M | $4.9M | |
| Cash From Financing | -$22M | $142.6M | $153.5M | -$33M | -$99.6M | |
| Beginning Cash (CF) | $749.3M | $612.4M | $320.9M | $458M | $440M | |
| Foreign Exchange Rate Adjustment | $6.8M | $16.8M | $72.6M | -$16.2M | -- | |
| Additions / Reductions | $228.4M | $191.1M | -$216.9M | $14.6M | -$45.8M | |
| Ending Cash (CF) | $984.4M | $820.3M | $176.5M | $456.4M | $402.7M | |
| Levered Free Cash Flow | -- | -- | -- | -- | -- | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $1.1B | $1B | $693.4M | $654.3M | $1.6B | |
| Depreciation & Amoritzation | $675.2M | $807.6M | $951.3M | $672.4M | $761.1M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | $1.4B | $1.8B | $1.7B | $1.5B | $3B | |
| Capital Expenditures | $814.3M | $1.2B | $1.1B | $1.2B | $1.3B | |
| Cash Acquisitions | -- | -- | $255.1M | $107.5M | $22.9M | |
| Cash From Investing | -$818.1M | -$1.2B | -$1.4B | -$1.1B | -$2.7B | |
| Dividends Paid (Ex Special Dividend) | $273.4M | $291.3M | $383.3M | $357M | $499.2M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | $9.6M | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -$849M | -$584.7M | -$380.2M | -$488.9M | $207.3M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$241.8M | $14.6M | -$59.4M | -$124.3M | $539.2M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | $568.1M | $626.6M | $584.3M | $343.4M | $1.8B | |
| Period Ending | 2022-01-07 | 2023-01-07 | 2024-01-07 | 2025-01-07 | ||
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -- | -- | -- | |
| Depreciation & Amoritzation | -- | -- | -- | -- | -- | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | -- | -- | -- | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -- | -- | -- | -- | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | -- | -- | -- | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -- | -- | -- | -- | |
Signup to receive the latest stock alerts
In Q3, legendary macro investor Stan Druckenmiller sold his entire…
AI cloud computing business CoreWeave (NASDAQ:CRWV) has been through a…
In Q3, billionaire Stan Druckenmiller bought about 4,620 shares of…
Market Cap: $4.6T
P/E Ratio: 64x
Market Cap: $3.9T
P/E Ratio: 36x
Market Cap: $3.8T
P/E Ratio: 39x
Regencell Bioscience Holdings Ltd. [RGC] is up 22.74% over the past day.
Innodata, Inc. [INOD] is up 4.84% over the past day.
AeroVironment, Inc. [AVAV] is up 6.62% over the past day.