10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2014 | |||
Consolidated Statements of Operations | |||
Period Ending Sept 28, 2014 10-K (Filed: Nov 5, 2014) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2014 | Sept 29, 2013 | Sept 30, 2012 | |
| Revenues: | |||
| Equipment and services | $ 18,625 | 16,988 | 12,465 |
| Licensing | 7,862 | 7,878 | 6,656 |
| Total revenues | 26,487 | 24,866 | 19,121 |
| Costs and expenses: | |||
| Cost of equipment and services revenues | 10,686 | 9,820 | 7,096 |
| Research and development | 5,477 | 4,967 | 3,915 |
| Selling, general and administrative | 2,290 | 2,518 | 2,270 |
| Other | 484 | 331 | 158 |
| Total costs and expenses | 18,937 | 17,636 | 13,439 |
| Operating income | 7,550 | 7,230 | 5,682 |
| Investment income, net (Note 3) | 1,228 | 964 | 880 |
| Income from continuing operations before income taxes | 8,778 | 8,194 | 6,562 |
| Income tax expense | (1,244) | (1,349) | (1,279) |
| Income from continuing operations | 7,534 | 6,845 | 5,283 |
| Discontinued operations, net of income taxes (Note 11) | 430 | 0 | 776 |
| Net income | 7,964 | 6,845 | 6,059 |
| Net loss attributable to noncontrolling interests | 3 | 8 | 50 |
| Net income attributable to Qualcomm | 7,967 | 6,853 | 6,109 |
| Basic earnings per share attributable to Qualcomm: | |||
| Continuing operations | 4.48 | 3.99 | 3.14 |
| Discontinued operations | 0.25 | 0.00 | 0.45 |
| Net income | 4.73 | 3.99 | 3.59 |
| Diluted earnings per share attributable to Qualcomm: | |||
| Continuing operations | 4.40 | 3.91 | 3.06 |
| Discontinued operations | 0.25 | 0.00 | 0.45 |
| Net income | 4.65 | 3.91 | 3.51 |
| Shares used in per share calculations: | |||
| Basic | 1,683 | 1,715 | 1,700 |
| Diluted | 1,714 | 1,754 | 1,741 |
| Dividends per share announced | 1.54 | 1.20 | 0.93 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2014 | |||
Consolidated Statement of Comprehensive Income Statement | |||
Period Ending Sept 28, 2014 10-K (Filed: Nov 5, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2014 | Sept 29, 2013 | Sept 30, 2012 | |
| Net income | $ 7,964 | 6,845 | 6,059 |
| Other comprehensive (loss) income, net of income taxes: | |||
| Foreign currency translation | 1 | (20) | (19) |
| Reclassification of foreign currency translation losses included in net income | 1 | 11 | 0 |
| Noncredit other-than-temporary impairment losses and subsequent changes in fair value related to certain available-for-sale debt securities, net of income taxes of $1, $0 and $1, respectively | (1) | (1) | 4 |
| Reclassification of net other-than-temporary losses on available-for-sale securities included in net income, net of income taxes of $55, $26 and $26, respectively | 101 | 47 | 47 |
| Net unrealized gains on other available-for-sale securities, net of income taxes of $140, $11 and $350, respectively | 259 | 20 | 640 |
| Reclassification of net realized gains on available-for-sale securities included in net income, net of income taxes of $252, $102 and $96, respectively | (462) | (186) | (175) |
| Net unrealized gains on derivative instruments, net of income taxes of $4, $13 and $7, respectively | 8 | 24 | 12 |
| Reclassification of net realized (gains) losses on derivative instruments, net of income taxes of $14, $5 and $3, respectively | (26) | (9) | 6 |
| Total other comprehensive (loss) income | (119) | (114) | 515 |
| Total comprehensive income | 7,845 | 6,731 | 6,574 [1] |
| Comprehensive loss attributable to noncontrolling interests | 3 | 9 | 46 |
| Comprehensive income attributable to Qualcomm | 7,848 | 6,740 | 6,620 |
| [1] Income (loss) from discontinued operations, net of income taxes, (Note 11) was attributable to Qualcomm. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Sept 28, 2014 10-K (Filed: Nov 5, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 28, 2014 | Sept 29, 2013 | Sept 30, 2012 | |
| Operating Activities: | |||
| Net income | $ 7,964 | 6,845 | 6,059 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 1,150 | 1,017 | 897 |
| Gain on sale of discontinued operations | (665) | 0 | 0 |
| Gain on sale of wireless spectrum | 0 | 0 | (1,179) |
| Long-lived asset and goodwill impairment charges | 642 | 192 | 84 |
| Income tax provision in excess of income tax payments | 298 | 268 | 395 |
| Non-cash portion of share-based compensation expense | 1,059 | 1,105 | 1,035 |
| Incremental tax benefit from share-based compensation | (280) | (231) | (168) |
| Net realized gains on marketable securities and other investments | (826) | (369) | (369) |
| Impairment losses on marketable securities and other investments | 180 | 85 | 83 |
| Other items, net | (17) | (19) | (174) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (281) | (680) | (456) |
| Inventories | (155) | (300) | (252) |
| Other assets | 108 | (209) | (240) |
| Trade accounts payable | 619 | 307 | 371 |
| Payroll, benefits and other liabilities | (617) | 752 | (341) |
| Unearned revenues | (292) | 15 | 253 |
| Net cash provided by operating activities | 8,887 | 8,778 | 5,998 |
| Investing Activities: | |||
| Capital expenditures | (1,185) | (1,048) | (1,284) |
| Purchases of available-for-sale securities | (13,581) | (13,951) | (15,511) |
| Proceeds from sales and maturities of available-for-sale securities | 13,587 | 13,494 | 9,858 |
| Purchases of trading securities | (3,075) | (3,312) | (4,009) |
| Proceeds from sales and maturities of trading securities | 2,824 | 3,367 | 3,060 |
| Purchases of other marketable securities | (220) | 0 | 0 |
| Proceeds from sale of discontinued operations, net of cash sold | 788 | 0 | 0 |
| Proceeds from sale of wireless spectrum | 0 | 0 | 1,925 |
| Acquisitions and other investments, net of cash acquired | (883) | (192) | (833) |
| Other items, net | 106 | 64 | (83) |
| Net cash used by investing activities | (1,639) | (1,578) | (6,877) |
| Financing Activities: | |||
| Proceeds from issuance of common stock | 1,439 | 1,525 | 1,714 |
| Incremental tax benefit from share-based compensation | 280 | 231 | 168 |
| Repurchases and retirements of common stock | (4,549) | (4,610) | (1,313) |
| Dividends paid | (2,586) | (2,055) | (1,583) |
| Borrowings under loans and debentures | 0 | 534 | 710 |
| Repayments of loans and debentures | 0 | (439) | (591) |
| Other items, net | (64) | (31) | 138 |
| Net cash used by financing activities | (5,480) | (4,845) | (757) |
| Changes in cash and cash equivalents held for sale | 0 | (15) | 0 |
| Effect of exchange rate changes on cash | (3) | (5) | (19) |
| Net increase (decrease) in cash and cash equivalents | 1,765 | 2,335 | (1,655) |
| Cash and cash equivalents at beginning of year | 6,142 | 3,807 | |
| Cash and cash equivalents at end of year | 7,907 | 6,142 | 3,807 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 28, 2014 10-K (Filed: Nov 5, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 28, 2014 | Sept 29, 2013 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 7,907 | 6,142 |
| Marketable securities | 9,658 | 8,824 |
| Accounts receivables, net | 2,412 | 2,142 |
| Inventories | 1,458 | 1,302 |
| Deferred tax assets | 577 | 573 |
| Other current assets | 401 | 572 |
| Total current assets | 22,413 | 19,555 |
| Marketable securities | 14,457 | 14,440 |
| Deferred tax assets | 1,174 | 1,059 |
| Property, plant and equipment, net | 2,487 | 2,995 |
| Goodwill | 4,488 | 3,976 |
| Other intangible assets, net | 2,580 | 2,553 |
| Other assets | 975 | 938 |
| Total assets | 48,574 | 45,516 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 2,183 | 1,554 |
| Payroll and other benefits related liabilities | 802 | 839 |
| Unearned revenues | 785 | 501 |
| Other current liabilities | 2,243 | 2,319 |
| Total current liabilities | 6,013 | 5,213 |
| Unearned revenues | 2,967 | 3,666 |
| Other liabilities | 428 | 550 |
| Total liabilities | 9,408 | 9,429 |
| Commitments and contingencies (Note 7) | ||
| Stockholders' equity: | ||
| Qualcomm stockholders' equity: | ||
| Preferred stock, $0.0001 par value; 8 shares authorized; none outstanding | 0 | 0 |
| Common stock and paid-in capital, $0.0001 par value; 6,000 shares authorized; 1,669 and 1,685 shares issued and outstanding, respectively | 7,736 | 9,874 |
| Retained earnings | 30,799 | 25,461 |
| Accumulated other comprehensive income | 634 | 753 |
| Total Qualcomm stockholders' equity | 39,169 | 36,088 |
| Noncontrolling interests | (3) | (1) |
| Total stockholders equity | 39,166 | 36,087 |
| Total liabilities and stockholders' equity | 48,574 | 45,516 |
| External Links | |
| QUALCOMM INC/DE (QCOM) Fiscal Year 2014 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |