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: 2018 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 30, 2018 10-K (Filed: Nov 7, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2018 | Sept 24, 2017 | Sept 25, 2016 | |
| Revenues: | |||
| Equipment and services | $ 17,400 | 16,647 | 15,467 |
| Licensing | 5,332 | 5,644 | 8,087 |
| Total revenues | 22,732 | 22,291 | 23,554 |
| Cost of revenues | 10,244 | 9,792 | 9,749 |
| Research and development | 5,625 | 5,485 | 5,151 |
| Selling, general and administrative | 2,986 | 2,658 | 2,385 |
| Other (Note 2) | 3,135 | 1,742 | (226) |
| Total costs and expenses | 21,990 | 19,677 | 17,059 |
| Operating income | 742 | 2,614 | 6,495 |
| Interest expense | (768) | (494) | (297) |
| Investment and other income, net (Note 2) | 539 | 900 | 635 |
| Income before income taxes | 513 | 3,020 | 6,833 |
| Income tax expense (Note 3) | (5,377) | (555) | (1,131) |
| Net (loss) income | (4,864) | 2,465 | 5,702 |
| Net loss attributable to noncontrolling interests | 0 | 1 | 3 |
| Net (loss) income attributable to Qualcomm | (4,864) | 2,466 | 5,705 |
| Basic (loss) earnings per share attributable to Qualcomm | (3.32) | 1.67 | 3.84 |
| Diluted (loss) earnings per share attributable to Qualcomm | (3.32) | 1.65 | 3.81 |
| Shares used in per share calculations: | |||
| Basic | 1,463 | 1,477 | 1,484 |
| Diluted | 1,463 | 1,490 | 1,498 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2018 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 30, 2018 10-K (Filed: Nov 7, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2018 | Sept 24, 2017 | Sept 25, 2016 | |
| Net (loss) income | $ (4,864) | 2,465 | 5,702 |
| Other comprehensive (loss) income, net of income taxes: | |||
| Foreign currency translation (losses) gains | (136) | 309 | (22) |
| Reclassification of foreign currency translation (gains) losses included in net income | 0 | (1) | 21 |
| Noncredit other-than-temporary impairment losses related to certain available-for-sale debt securities and subsequent changes in fair value, net of tax (expense) benefit of $0, ($3) and $23, respectively | 0 | 6 | (43) |
| Reclassification of net other-than-temporary losses on available-for-sale securities included in net income, net of tax benefit of $2, $46 and $71, respectively | 5 | 85 | 130 |
| Net unrealized gains (losses) on other available-for-sale securities, net of tax (expense) benefit of ($8), $59 and ($166), respectively | 29 | (102) | 306 |
| Reclassification of net realized gains on available-for-sale securities included in net income, net of tax expense of $3, $156 and $85, respectively | (9) | (286) | (156) |
| Net unrealized losses on derivative instruments, net of tax benefit of $6, $0 and $2, respectively | (17) | (49) | (4) |
| Reclassification of net realized losses (gains) on derivative instruments included in net income, net of tax (benefit) expense of ($4), $4 and ($2), respectively | 12 | (10) | 1 |
| Other (losses) gains | (3) | 4 | 0 |
| Total other comprehensive (loss) income | (119) | (44) | 233 |
| Total comprehensive (loss) income | (4,983) | 2,421 | 5,935 |
| Comprehensive loss attributable to noncontrolling interests | 0 | 1 | 3 |
| Comprehensive (loss) income attributable to Qualcomm | (4,983) | 2,422 | 5,938 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2018 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 30, 2018 10-K (Filed: Nov 7, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2018 | Sept 24, 2017 | Sept 25, 2016 | |
| Operating Activities: | |||
| Net (loss) income | $ (4,864) | 2,465 | 5,702 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 1,561 | 1,461 | 1,428 |
| Income tax provision in excess of (less than) income tax payments (Note 3) | 4,502 | (400) | (200) |
| Non-cash portion of share-based compensation expense | 883 | 914 | 943 |
| Net realized gains on marketable securities and other investments | (124) | (530) | (288) |
| Indefinite and long-lived asset impairment charges | 273 | 76 | 107 |
| Impairment losses on marketable securities and other investments | 75 | 177 | 172 |
| Gain on sale of wireless spectrum | 0 | 0 | (380) |
| Other items, net | 129 | 146 | 77 |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | 734 | (1,104) | (232) |
| Inventories | 337 | (200) | (49) |
| Other assets | 30 | 169 | 246 |
| Trade accounts payable | (94) | (45) | 541 |
| Payroll, benefits and other liabilities | 687 | 2,103 | (128) |
| Unearned revenues | (234) | (231) | (307) |
| Net cash provided by operating activities | 3,895 | 5,001 | 7,632 |
| Investing Activities: | |||
| Capital expenditures | (784) | (690) | (539) |
| Purchases of available-for-sale marketable securities | (5,936) | (19,062) | (18,015) |
| Proceeds from sales and maturities of available-for-sale securities | 9,188 | 41,715 | 14,386 |
| Purchases of trading securities | 0 | 0 | (177) |
| Proceeds from sales and maturities of trading securities | 0 | 0 | 779 |
| Purchases of other marketable securities | (49) | (710) | 0 |
| Proceeds from sales and maturities of other marketable securities | 50 | 706 | 450 |
| Release (deposits) of investments designated as collateral | 2,000 | (2,000) | 0 |
| Acquisitions and other investments, net of cash acquired | (326) | (1,544) | (812) |
| Proceeds from other investments | 222 | 23 | 59 |
| Proceeds from sale of wireless spectrum | 0 | 0 | 232 |
| Other items, net | 16 | 25 | 149 |
| Net cash provided (used) by investing activities | 4,381 | 18,463 | (3,488) |
| Financing Activities: | |||
| Proceeds from short-term debt | 11,131 | 8,558 | 8,949 |
| Repayment of short-term debt | (11,127) | (9,309) | (8,200) |
| Proceeds from long-term debt | 0 | 10,953 | 0 |
| Repayment of long-term debt | (5,500) | 0 | 0 |
| Proceeds from issuance of common stock | 603 | 497 | 668 |
| Repurchases and retirements of common stock | (22,580) | (1,342) | (3,923) |
| Dividends paid | (3,466) | (3,252) | (2,990) |
| Payments of tax withholdings related to vesting of share-based awards | (280) | (268) | (224) |
| Payment of purchase consideration related to RF360 joint venture | (157) | (115) | 0 |
| Other items, net | (111) | (151) | (34) |
| Net cash (used) provided by financing activities | (31,487) | 5,571 | (5,754) |
| Effect of exchange rate changes on cash and cash equivalents | (41) | 48 | (4) |
| Net (decrease) increase in cash and cash equivalents | (23,252) | 29,083 | (1,614) |
| Cash and cash equivalents at beginning of period | 35,029 | 5,946 | |
| Cash and cash equivalents at end of period | 11,777 | 35,029 | 5,946 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2018 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 30, 2018 10-K (Filed: Nov 7, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 30, 2018 | Sept 24, 2017 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 11,777 | 35,029 |
| Marketable securities | 311 | 2,279 |
| Accounts receivable, net | 2,904 | 3,632 |
| Inventories | 1,693 | 2,035 |
| Other current assets | 699 | 618 |
| Total current assets | 17,384 | 43,593 |
| Marketable securities | 35 | 1,270 |
| Deferred tax assets | 904 | 2,900 |
| Property, plant and equipment, net | 2,975 | 3,216 |
| Goodwill | 6,498 | 6,623 |
| Other intangible assets, net | 2,955 | 3,737 |
| Other assets | 1,935 | 4,147 |
| Total assets | 32,686 | 65,486 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 1,825 | 1,971 |
| Payroll and other benefits related liabilities | 1,081 | 1,183 |
| Unearned revenues | 500 | 502 |
| Short-term debt | 1,005 | 2,495 |
| Other current liabilities | 6,825 | 4,756 |
| Total current liabilities | 11,236 | 10,907 |
| Unearned revenues | 1,620 | 2,003 |
| Income taxes payable | 2,312 | 0 |
| Long-term debt | 15,365 | 19,398 |
| Other liabilities | 1,225 | 2,432 |
| Total liabilities | 31,758 | 34,740 |
| Commitments and contingencies (Note 7) | ||
| 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; 1,219 and 1,474 shares issued and outstanding, respectively | 0 | 274 |
| Retained earnings | 663 | 30,088 |
| Accumulated other comprehensive income | 265 | 384 |
| Total stockholders equity | 928 | 30,746 |
| Total liabilities and stockholders equity | 32,686 | 65,486 |
| External Links | |
| QUALCOMM INC/DE (QCOM) Fiscal Year 2018 | |
| 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 |