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What to Make of Broadcom’s Reduced Free Cash Flow

What to Make of Broadcom’s Reduced Free Cash Flow

Broadcom’s (AVGO) business strategy revolves around acquiring high cash flow companies to increase its cash flows in order to return more value to shareholders. By integrating CA Technologies, Broadcom increased its operating cash flow by 15%, or $350 million, YoY to $2.67 billion in the second quarter of fiscal 2019.