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: 2015 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 27, 2015 10-K (Filed: Nov 4, 2015) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2015 | Sept 28, 2014 | Sept 29, 2013 | |
| Revenues: | |||
| Equipment and services | $ 17,079 | 18,625 | 16,988 |
| Licensing | 8,202 | 7,862 | 7,878 |
| Total revenues | 25,281 | 26,487 | 24,866 |
| Costs and expenses: | |||
| Cost of equipment and services revenues | 10,378 | 10,686 | 9,820 |
| Research and development | 5,490 | 5,477 | 4,967 |
| Selling, general and administrative | 2,344 | 2,290 | 2,518 |
| Other | 1,293 | 484 | 331 |
| Total costs and expenses | 19,505 | 18,937 | 17,636 |
| Operating income | 5,776 | 7,550 | 7,230 |
| Interest expense | (104) | (5) | (23) |
| Investment income, net (Note 2) | 815 | 1,233 | 987 |
| Income from continuing operations before income taxes | 6,487 | 8,778 | 8,194 |
| Income tax expense | (1,219) | (1,244) | (1,349) |
| Income from continuing operations | 5,268 | 7,534 | 6,845 |
| Discontinued operations, net of income taxes (Note 11) | 0 | 430 | 0 |
| Net income | 5,268 | 7,964 | 6,845 |
| Net loss attributable to noncontrolling interests | 3 | 3 | 8 |
| Net income attributable to Qualcomm | 5,271 | 7,967 | 6,853 |
| Basic earnings per share attributable to Qualcomm: | |||
| Continuing operations | 3.26 | 4.48 | 3.99 |
| Discontinued operations | 0.00 | 0.25 | 0.00 |
| Net income | 3.26 | 4.73 | 3.99 |
| Diluted earnings per share attributable to Qualcomm: | |||
| Continuing operations | 3.22 | 4.40 | 3.91 |
| Discontinued operations | 0.00 | 0.25 | 0.00 |
| Net income | 3.22 | 4.65 | 3.91 |
| Shares used in per share calculations: | |||
| Basic | 1,618 | 1,683 | 1,715 |
| Diluted | 1,639 | 1,714 | 1,754 |
| Dividends per share announced | 1.80 | 1.54 | 1.20 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 27, 2015 10-K (Filed: Nov 4, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2015 | Sept 28, 2014 | Sept 29, 2013 | |
| Net income | $ 5,268 | 7,964 | 6,845 |
| Other comprehensive income (loss), net of income taxes: | |||
| Foreign currency translation (losses) gains | (47) | 1 | (20) |
| Reclassification of foreign currency translation losses included in net income | 0 | 1 | 11 |
| Noncredit other-than-temporary impairment losses and subsequent changes in fair value related to certain available-for-sale debt securities, net of tax benefit of $19, $1 and $0, respectively | (35) | (1) | (1) |
| Reclassification of net other-than-temporary losses on available-for-sale securities included in net income, net of tax benefit of $66, $55 and $26, respectively | 121 | 101 | 47 |
| Net unrealized (losses) gains on other available-for-sale securities, net of tax benefit (expense) of $114, ($140) and ($11), respectively | (215) | 259 | 20 |
| Reclassification of net realized gains on available-for-sale securities included in net income, net of tax expense of $173, $252 and $102, respectively | (317) | (462) | (186) |
| Net unrealized gains on derivative instruments, net of tax expense of $0, $4 and $13, respectively | 54 | 8 | 24 |
| Reclassification of net realized gains on derivative instruments, net of tax expense of $0, $14 and $5, respectively | 0 | (26) | (9) |
| Total other comprehensive loss | (439) | (119) | (114) |
| Total comprehensive income | 4,829 | 7,845 | 6,731 |
| Comprehensive loss attributable to noncontrolling interests | 3 | 3 | 9 |
| Comprehensive income attributable to Qualcomm | 4,832 | 7,848 | 6,740 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2015 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 27, 2015 10-K (Filed: Nov 4, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2015 | Sept 28, 2014 | Sept 29, 2013 | |
| Operating Activities: | |||
| Net income | $ 5,268 | 7,964 | 6,845 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 1,214 | 1,150 | 1,017 |
| Gain on sale of discontinued operations | 0 | (665) | 0 |
| Indefinite and long-lived asset impairment charges | 317 | 642 | 192 |
| Income tax provision in excess of income tax payments | 47 | 298 | 268 |
| Non-cash portion of share-based compensation expense | 1,026 | 1,059 | 1,105 |
| Incremental tax benefits from share-based compensation | (103) | (280) | (231) |
| Net realized gains on marketable securities and other investments | (500) | (826) | (369) |
| Impairment losses on marketable securities and other investments | 200 | 180 | 85 |
| Other items, net | (16) | (17) | (19) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | 550 | (281) | (680) |
| Inventories | 93 | (155) | (300) |
| Other assets | (793) | 108 | (209) |
| Trade accounts payable | (908) | 619 | 307 |
| Payroll, benefits and other liabilities | (328) | (617) | 752 |
| Unearned revenues | (561) | (292) | 15 |
| Net cash provided by operating activities | 5,506 | 8,887 | 8,778 |
| Investing Activities: | |||
| Capital expenditures | (994) | (1,185) | (1,048) |
| Purchases of available-for-sale securities | (15,400) | (13,581) | (13,951) |
| Proceeds from sales and maturities of available-for-sale securities | 15,080 | 13,587 | 13,494 |
| Purchases of trading securities | (1,160) | (3,075) | (3,312) |
| Proceeds from sales and maturities of trading securities | 1,658 | 2,824 | 3,367 |
| Purchases of other marketable securities | 0 | (220) | 0 |
| Proceeds from sale of discontinued operations, net of cash sold | 0 | 788 | 0 |
| Proceeds from sales of property, plant and equipment | 266 | 37 | 4 |
| Acquisitions and other investments, net of cash acquired | (2,997) | (883) | (192) |
| Other items, net | (25) | 69 | 60 |
| Net cash used by investing activities | (3,572) | (1,639) | (1,578) |
| Financing Activities: | |||
| Proceeds from short-term debt | 4,083 | 0 | 0 |
| Proceeds from long-term debt | 9,937 | 0 | 534 |
| Repayment of short-term debt | (3,083) | 0 | 0 |
| Repayment of long-term debt | 0 | 0 | (439) |
| Proceeds from issuance of common stock | 787 | 1,439 | 1,525 |
| Repurchases and retirements of common stock | (11,246) | (4,549) | (4,610) |
| Dividends paid | (2,880) | (2,586) | (2,055) |
| Incremental tax benefits from share-based compensation | 103 | 280 | 231 |
| Other items, net | 38 | (64) | (31) |
| Net cash used by financing activities | (2,261) | (5,480) | (4,845) |
| Changes in cash and cash equivalents held for sale | 0 | 0 | (15) |
| Effect of exchange rate changes on cash and cash equivalents | (20) | (3) | (5) |
| Net (decrease) increase in cash and cash equivalents | (347) | 1,765 | 2,335 |
| Cash and cash equivalents at beginning of period | 7,907 | 6,142 | |
| Cash and cash equivalents at end of period | 7,560 | 7,907 | 6,142 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2015 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 27, 2015 10-K (Filed: Nov 4, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 27, 2015 | Sept 28, 2014 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 7,560 | 7,907 |
| Marketable securities | 9,761 | 9,658 |
| Accounts receivable, net | 1,964 | 2,412 |
| Inventories | 1,492 | 1,458 |
| Deferred Tax Assets | 635 | 577 |
| Other current assets | 687 | 401 |
| Total current assets | 22,099 | 22,413 |
| Marketable securities | 13,626 | 14,457 |
| Deferred tax assets | 1,453 | 1,174 |
| Property, plant and equipment, net | 2,534 | 2,487 |
| Goodwill | 5,479 | 4,488 |
| Other intangible assets, net | 3,742 | 2,580 |
| Other assets | 1,863 | 975 |
| Total assets | 50,796 | 48,574 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 1,300 | 2,183 |
| Payroll and other benefits related liabilities | 861 | 802 |
| Unearned revenues | 583 | 785 |
| Short-term debt | 1,000 | 0 |
| Other current liabilities | 2,356 | 2,243 |
| Total current liabilities | 6,100 | 6,013 |
| Unearned revenues | 2,496 | 2,967 |
| Long-term debt | 9,969 | 0 |
| Other liabilities | 817 | 428 |
| Total liabilities | 19,382 | 9,408 |
| Commitments and contingencies (Note 7) | ||
| 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; 1,524 and 1,669 shares issued and outstanding, respectively | 0 | 7,736 |
| Retained earnings | 31,226 | 30,799 |
| Accumulated other comprehensive income | 195 | 634 |
| Total Qualcomm stockholders' equity | 31,421 | 39,169 |
| Noncontrolling interests | (7) | (3) |
| Total stockholders' equity | 31,414 | 39,166 |
| Total liabilities and stockholders' equity | 50,796 | 48,574 |
| External Links | |
| QUALCOMM INC/DE (QCOM) Fiscal Year 2015 | |
| 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 |