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: 2011 | |||
Consolidated Statements of Operations | |||
Period Ending Sept 25, 2011 10-K (Filed: Nov 2, 2011) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2011 | Sept 26, 2010 | Sept 27, 2009 | |
| Revenues: | |||
| Equipment and services | $ 9,223 | 6,971 | 6,437 |
| Licensing | 5,734 | 4,011 | 3,950 |
| Total revenues | 14,957 | 10,982 | 10,387 |
| Operating expenses: | |||
| Cost of equipment and services revenues | 4,877 | 3,301 | 3,025 |
| Research and development | 2,995 | 2,451 | 2,345 |
| Selling, general and administrative | 1,945 | 1,503 | 1,462 |
| Other (Notes 4 and 9) | 114 | 0 | 1,013 |
| Total operating expenses | 9,931 | 7,255 | 7,845 |
| Operating income | 5,026 | 3,727 | 2,542 |
| Investment income (loss), net (Note 5) | 661 | 766 | (139) |
| Income from continuing operations before income taxes | 5,687 | 4,493 | 2,403 |
| Income tax expense | (1,132) | (973) | (611) |
| Income from continuing operations | 4,555 | 3,520 | 1,792 |
| Discontinued operations, net of income taxes (Note 11) | (313) | (273) | (200) |
| Net income | 4,242 | 3,247 | 1,592 |
| Net loss attributable to noncontrolling interests (Note 7) | 18 | 0 | 0 |
| Net income attributable to Qualcomm | 4,260 | 3,247 | 1,592 |
| Basic earnings (loss) per share attributable to Qualcomm: | |||
| Continuing operations | 2.76 | 2.15 | 1.08 |
| Discontinued operations | (0.19) | (0.17) | (0.12) |
| Net income | 2.57 | 1.98 | 0.96 |
| Diluted earnings (loss) per share attributable to Qualcomm: | |||
| Continuing operations | 2.70 | 2.12 | 1.07 |
| Discontinued operations | (0.18) | (0.16) | (0.12) |
| Net income | 2.52 | 1.96 | 0.95 |
| Shares used in per share calculations: | |||
| Basic | 1,658 | 1,643 | 1,656 |
| Diluted | 1,691 | 1,658 | 1,673 |
| Dividends per share announced | 0.81 | 0.72 | 0.66 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Sept 25, 2011 10-K (Filed: Nov 2, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2011 | Sept 26, 2010 | Sept 27, 2009 | |
| Operating Activities: | |||
| Net income | $ 4,242 | 3,247 | 1,592 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,061 | 666 | 635 |
| Goodwill impairment | 114 | 0 | 0 |
| Revenues related to non-monetary exchanges | (123) | (130) | (114) |
| Income tax provision (less than) in excess of income tax payments | (1,204) | 116 | (33) |
| Non-cash portion of share-based compensation expense | 824 | 612 | 584 |
| Incremental tax benefit from stock options exercised | (183) | (45) | (79) |
| Net realized gains on marketable securities and other investments | (337) | (405) | (137) |
| Net impairment losses on marketable securities and other investments | 52 | 125 | 763 |
| Other items, net | 12 | (64) | (32) |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable, net | (140) | (18) | 3,083 |
| Inventories | (62) | (80) | 69 |
| Other assets | (70) | (60) | (58) |
| Trade accounts payable | (26) | 148 | 57 |
| Payroll, benefits and other liabilities | 572 | (229) | 984 |
| Unearned revenues | 168 | 193 | (142) |
| Net cash provided by operating activities | 4,900 | 4,076 | 7,172 |
| Investing Activities: | |||
| Capital expenditures | (593) | (426) | (761) |
| Advance payment on spectrum (Note 9) | 0 | (1,064) | 0 |
| Purchases of available-for-sale securities | (10,948) | (8,973) | (10,443) |
| Proceeds from sale of available-for-sale securities | 10,661 | 10,440 | 5,274 |
| Purchases of other marketable securities | 0 | (850) | 0 |
| Cash received for partial settlement of investment receivables | 18 | 34 | 349 |
| Atheros acquisition, net of cash acquired (Note 12) | (3,130) | 0 | 0 |
| Other investments and acquisitions, net of cash acquired | (494) | (94) | (54) |
| Change in collateral held under securities lending | 0 | 0 | 173 |
| Other items, net | (3) | 94 | 5 |
| Net cash used by investing activities | (4,489) | (839) | (5,457) |
| Financing Activities: | |||
| Borrowing under loans payable | 1,555 | 1,064 | 0 |
| Repayment of loans payable | (1,555) | 0 | 0 |
| Proceeds from issuance of common stock | 2,647 | 689 | 642 |
| Proceeds from put option premiums | 75 | 0 | 0 |
| Proceeds from issuance of subsidiary shares to noncontrolling interests (Note 7) | 62 | 0 | 0 |
| Incremental tax benefit from stock options exercised | 183 | 45 | 79 |
| Repurchase and retirement of common stock | (142) | (3,016) | (285) |
| Dividends paid | (1,346) | (1,177) | (1,093) |
| Change in obligation under securities lending | 46 | 0 | (173) |
| Other items, net | (7) | (10) | (3) |
| Net cash provided (used) by financing activities | 1,518 | (2,405) | (833) |
| Effect of exchange rate changes on cash | (14) | (2) | (5) |
| Net increase in cash and cash equivalents | 1,915 | 830 | 877 |
| Cash and cash equivalents at beginning of year | 3,547 | 2,717 | |
| Cash and cash equivalents at end of year | 5,462 | 3,547 | 2,717 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2011 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 25, 2011 10-K (Filed: Nov 2, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 25, 2011 | Sept 26, 2010 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 5,462 | 3,547 |
| Marketable securities | 6,190 | 6,732 |
| Accounts receivable, net | 993 | 730 |
| Inventories | 765 | 528 |
| Deferred tax assets | 537 | 321 |
| Other current assets | 346 | 275 |
| Total current assets | 14,293 | 12,133 |
| Marketable securities | 9,261 | 8,123 |
| Deferred tax assets | 1,703 | 1,922 |
| Assets held for sale | 746 | 0 |
| Property, plant and equipment, net | 2,414 | 2,373 |
| Goodwill | 3,432 | 1,488 |
| Other intangible assets, net | 3,099 | 3,022 |
| Other assets | 1,474 | 1,511 |
| Total assets | 36,422 | 30,572 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 969 | 764 |
| Payroll and other benefits related liabilities | 644 | 467 |
| Unearned revenues | 610 | 623 |
| Loans payable | 994 | 1,086 |
| Income taxes payable | 18 | 1,443 |
| Other current liabilities | 2,054 | 1,085 |
| Total current liabilities | 5,289 | 5,468 |
| Unearned revenues | 3,541 | 3,485 |
| Other liabilities | 620 | 761 |
| Total liabilities | 9,450 | 9,714 |
| Commitments and contingencies (Note 9) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.0001 par value; issuable in series; 8 shares authorized; none outstanding at September 25, 2011 and September 26, 2010 | 0 | 0 |
| Common stock, $0.0001 par value; 6,000 shares authorized; 1,681 and 1,612 shares issued and outstanding at September 25, 2011 and September 26, 2010, respectively | 0 | 0 |
| Paid-in capital | 10,394 | 6,856 |
| Retained earnings | 16,204 | 13,305 |
| Accumulated other comprehensive income | 353 | 697 |
| Total Qualcomm stockholders' equity | 26,951 | 20,858 |
| Noncontrolling interests (Note 7) | 21 | 0 |
| Total stockholders equity | 26,972 | 20,858 |
| Total liabilities and stockholders' equity | 36,422 | 30,572 |
| External Links | |
| QUALCOMM INC/DE (QCOM) Fiscal Year 2011 | |
| 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 |