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: 2009 | |||
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS | |||
Period Ending Sept 27, 2009 10-K/A (Amendment Filed: Dec 22, 2009) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2009 | Sept 28, 2008 | Sept 30, 2007 | |
| Revenues: | |||
| Equipment and services | $ 6,466 | 7,160 | 5,765 |
| Licensing and royalty fees | 3,950 | 3,982 | 3,106 |
| Total revenues | 10,416 | 11,142 | 8,871 |
| Operating expenses: | |||
| Cost of equipment and services revenues | 3,181 | 3,414 | 2,681 |
| Research and development | 2,440 | 2,281 | 1,829 |
| Selling, general and administrative | 1,556 | 1,717 | 1,478 |
| Litigation settlement, patent license and other related items (Note 9) | 783 | 0 | 0 |
| Accrued KFTC fine (Note 9) | 230 | 0 | 0 |
| Total operating expenses | 8,190 | 7,412 | 5,988 |
| Operating income | 2,226 | 3,730 | 2,883 |
| Investment (loss) income, net (Note 5) | (150) | 96 | 743 |
| Income before income taxes | 2,076 | 3,826 | 3,626 |
| Income tax expense | (484) | (666) | (323) |
| Net income | 1,592 | 3,160 | 3,303 |
| Basic earnings per common share | 0.96 | 1.94 | 1.99 |
| Diluted earnings per common share | 0.95 | 1.90 | 1.95 |
| Shares used in per share calculations: | |||
| Basic | 1,656 | 1,632 | 1,660 |
| Diluted | 1,673 | 1,660 | 1,693 |
| Dividends per share announced | 0.66 | 0.60 | 0.52 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2009 | |||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 27, 2009 10-K/A (Amendment Filed: Dec 22, 2009) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2009 | Sept 28, 2008 | Sept 30, 2007 | |
| Operating Activities: | |||
| Net income | $ 1,592 | 3,160 | 3,303 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 635 | 456 | 383 |
| Revenues related to non-monetary exchanges | (114) | (172) | 0 |
| Non-cash portion of income tax (benefit) expense | (33) | 306 | 91 |
| Non-cash portion of share-based compensation expense | 584 | 541 | 488 |
| Non-cash portion of interest and dividend income | (68) | (26) | (22) |
| Incremental tax benefit from stock options exercised | (79) | (408) | (240) |
| Net realized gains on marketable securities and other investments | (137) | (155) | (222) |
| Net impairment losses on marketable securities and other investments | 763 | 535 | 27 |
| Other items, net | 36 | 29 | (21) |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable, net | 3,083 | (802) | (16) |
| Inventories | 69 | (47) | (234) |
| Other assets | (58) | (17) | (96) |
| Trade accounts payable | 57 | (63) | 209 |
| Payroll, benefits and other liabilities | 984 | 310 | 139 |
| Unearned revenues | (142) | (89) | 22 |
| Net cash provided by operating activities | 7,172 | 3,558 | 3,811 |
| Investing Activities: | |||
| Capital expenditures | (761) | (1,397) | (818) |
| Purchases of available-for-sale securities | (10,443) | (7,680) | (8,492) |
| Proceeds from sale of available-for-sale securities | 5,274 | 6,689 | 7,998 |
| Increase in receivables for settlement of investments | 0 | (406) | 0 |
| Cash received for partial settlement of investment receivables | 349 | 0 | 0 |
| Other investments and acquisitions, net of cash acquired | (54) | (298) | (249) |
| Change in collateral held under securities lending | 173 | 248 | (421) |
| Other items, net | 5 | 25 | 84 |
| Net cash used by investing activities | (5,457) | (2,819) | (1,898) |
| Financing Activities: | |||
| Proceeds from issuance of common stock | 642 | 1,184 | 556 |
| Incremental tax benefit from stock options exercised | 79 | 408 | 240 |
| Repurchase and retirement of common stock | (285) | (1,670) | (1,482) |
| Dividends paid | (1,093) | (982) | (862) |
| Change in obligation under securities lending | (173) | (248) | 421 |
| Other items, net | (3) | 1 | 16 |
| Net cash used by financing activities | (833) | (1,307) | (1,111) |
| Effect of exchange rate changes on cash | (5) | (3) | 2 |
| Net increase (decrease) in cash and cash equivalents | 877 | (571) | 804 |
| Cash and cash equivalents at beginning of year | 1,840 | 2,411 | |
| Cash and cash equivalents at end of year | 2,717 | 1,840 | 2,411 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2009 | ||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 27, 2009 10-K/A (Amendment Filed: Dec 22, 2009) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 27, 2009 | Sept 28, 2008 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,717 | 1,840 |
| Marketable securities | 8,352 | 4,571 |
| Accounts receivable, net | 700 | 4,187 |
| Inventories | 453 | 521 |
| Deferred tax assets | 149 | 289 |
| Other current assets | 199 | 464 |
| Total current assets | 12,570 | 11,872 |
| Marketable securities | 6,673 | 4,858 |
| Deferred tax assets | 843 | 830 |
| Property, plant and equipment, net | 2,387 | 2,162 |
| Goodwill | 1,492 | 1,517 |
| Other intangible assets, net | 3,065 | 3,104 |
| Other assets | 415 | 369 |
| Total assets | 27,445 | 24,712 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 636 | 570 |
| Payroll and other benefits related liabilities | 480 | 406 |
| Unearned revenues | 441 | 394 |
| Other current liabilities | 1,256 | 1,070 |
| Total current liabilities | 2,813 | 2,440 |
| Unearned revenues | 3,464 | 3,768 |
| Income taxes payable | 47 | 227 |
| Other liabilities | 805 | 333 |
| Total liabilities | 7,129 | 6,768 |
| Commitments and contingencies (Note 9) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.0001 par value; issuable in series; 8 shares authorized; none outstanding at September 27, 2009 and September 28, 2008 | 0 | 0 |
| Common stock, $0.0001 par value; 6,000 shares authorized; 1,669 and 1,656 shares issued and outstanding at September 27, 2009 and September 28, 2008, respectively | 0 | 0 |
| Paid-in capital | 8,493 | 7,511 |
| Retained earnings | 11,235 | 10,717 |
| Accumulated other comprehensive income (loss) | 588 | (284) |
| Total stockholders' equity | 20,316 | 17,944 |
| Total liabilities and stockholders' equity | 27,445 | 24,712 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2009 | |||
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS | |||
Period Ending Sept 27, 2009 10-K (Superseded Filed: Nov 5, 2009) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2009 | Sept 28, 2008 | Sept 30, 2007 | |
| Revenues: | |||
| Equipment and services | $ 6,466 | 7,160 | 5,765 |
| Licensing and royalty fees | 3,950 | 3,982 | 3,106 |
| Total revenues | 10,416 | 11,142 | 8,871 |
| Operating expenses: | |||
| Cost of equipment and services revenues | 3,181 | 3,414 | 2,681 |
| Research and development | 2,440 | 2,281 | 1,829 |
| Selling, general and administrative | 1,556 | 1,717 | 1,478 |
| Litigation settlement, patent license and other related items (Note 9) | 783 | 0 | 0 |
| Accrued KFTC fine (Note 9) | 230 | 0 | 0 |
| Total operating expenses | 8,190 | 7,412 | 5,988 |
| Operating income | 2,226 | 3,730 | 2,883 |
| Investment (loss) income, net (Note 5) | (150) | 96 | 743 |
| Income before income taxes | 2,076 | 3,826 | 3,626 |
| Income tax expense | (484) | (666) | (323) |
| Net income | 1,592 | 3,160 | 3,303 |
| Basic earnings per common share | 0.96 | 1.94 | 1.99 |
| Diluted earnings per common share | 0.95 | 1.90 | 1.95 |
| Shares used in per share calculations: | |||
| Basic | 1,656 | 1,632 | 1,660 |
| Diluted | 1,673 | 1,660 | 1,693 |
| Dividends per share announced | 0.66 | 0.60 | 0.52 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2009 | |||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 27, 2009 10-K (Superseded Filed: Nov 5, 2009) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2009 | Sept 28, 2008 | Sept 30, 2007 | |
| Operating Activities: | |||
| Net income | $ 1,592 | 3,160 | 3,303 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 635 | 456 | 383 |
| Revenues related to non-monetary exchanges | (114) | (172) | 0 |
| Non-cash portion of income tax (benefit) expense | (33) | 306 | 91 |
| Non-cash portion of share-based compensation expense | 584 | 541 | 488 |
| Non-cash portion of interest and dividend income | (68) | (26) | (22) |
| Incremental tax benefit from stock options exercised | (79) | (408) | (240) |
| Net realized gains on marketable securities and other investments | (137) | (155) | (222) |
| Net impairment losses on marketable securities and other investments | 763 | 535 | 27 |
| Other items, net | 36 | 29 | (21) |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable, net | 3,083 | (802) | (16) |
| Inventories | 69 | (47) | (234) |
| Other assets | (58) | (17) | (96) |
| Trade accounts payable | 57 | (63) | 209 |
| Payroll, benefits and other liabilities | 984 | 310 | 139 |
| Unearned revenues | (142) | (89) | 22 |
| Net cash provided by operating activities | 7,172 | 3,558 | 3,811 |
| Investing Activities: | |||
| Capital expenditures | (761) | (1,397) | (818) |
| Purchases of available-for-sale securities | (10,443) | (7,680) | (8,492) |
| Proceeds from sale of available-for-sale securities | 5,274 | 6,689 | 7,998 |
| Increase in receivables for settlement of investments | 0 | (406) | 0 |
| Cash received for partial settlement of investment receivables | 349 | 0 | 0 |
| Other investments and acquisitions, net of cash acquired | (54) | (298) | (249) |
| Change in collateral held under securities lending | 173 | 248 | (421) |
| Other items, net | 5 | 25 | 84 |
| Net cash used by investing activities | (5,457) | (2,819) | (1,898) |
| Financing Activities: | |||
| Proceeds from issuance of common stock | 642 | 1,184 | 556 |
| Incremental tax benefit from stock options exercised | 79 | 408 | 240 |
| Repurchase and retirement of common stock | (285) | (1,670) | (1,482) |
| Dividends paid | (1,093) | (982) | (862) |
| Change in obligation under securities lending | (173) | (248) | 421 |
| Other items, net | (3) | 1 | 16 |
| Net cash used by financing activities | (833) | (1,307) | (1,111) |
| Effect of exchange rate changes on cash | (5) | (3) | 2 |
| Net increase (decrease) in cash and cash equivalents | 877 | (571) | 804 |
| Cash and cash equivalents at beginning of year | 1,840 | 2,411 | |
| Cash and cash equivalents at end of year | 2,717 | 1,840 | 2,411 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2009 | ||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 27, 2009 10-K (Superseded Filed: Nov 5, 2009) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 27, 2009 | Sept 28, 2008 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,717 | 1,840 |
| Marketable securities | 8,352 | 4,571 |
| Accounts receivable, net | 700 | 4,187 |
| Inventories | 453 | 521 |
| Deferred tax assets | 149 | 289 |
| Other current assets | 199 | 464 |
| Total current assets | 12,570 | 11,872 |
| Marketable securities | 6,673 | 4,858 |
| Deferred tax assets | 843 | 830 |
| Property, plant and equipment, net | 2,387 | 2,162 |
| Goodwill | 1,492 | 1,517 |
| Other intangible assets, net | 3,065 | 3,104 |
| Other assets | 415 | 369 |
| Total assets | 27,445 | 24,712 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 636 | 570 |
| Payroll and other benefits related liabilities | 480 | 406 |
| Unearned revenues | 441 | 394 |
| Other current liabilities | 1,256 | 1,070 |
| Total current liabilities | 2,813 | 2,440 |
| Unearned revenues | 3,464 | 3,768 |
| Income taxes payable | 47 | 227 |
| Other liabilities | 805 | 333 |
| Total liabilities | 7,129 | 6,768 |
| Commitments and contingencies (Note 9) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.0001 par value; issuable in series; 8 shares authorized; none outstanding at September 27, 2009 and September 28, 2008 | 0 | 0 |
| Common stock, $0.0001 par value; 6,000 shares authorized; 1,669 and 1,656 shares issued and outstanding at September 27, 2009 and September 28, 2008, respectively | 0 | 0 |
| Paid-in capital | 8,493 | 7,511 |
| Retained earnings | 11,235 | 10,717 |
| Accumulated other comprehensive income (loss) | 588 | (284) |
| Total stockholders' equity | 20,316 | 17,944 |
| Total liabilities and stockholders' equity | 27,445 | 24,712 |
| External Links | |
| QUALCOMM INC/DE (QCOM) Fiscal Year 2009 | |
| 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 |