10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2016 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 25, 2016 10-K (Filed: Nov 2, 2016) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2016 | Sept 27, 2015 | Sept 28, 2014 | |
| Revenues: | |||
| Equipment and services | $ 15,467 | 17,079 | 18,625 |
| Licensing | 8,087 | 8,202 | 7,862 |
| Total revenues | 23,554 | 25,281 | 26,487 |
| Cost of revenues | 9,749 | 10,378 | 10,686 |
| Research and development | 5,151 | 5,490 | 5,477 |
| Selling, general and administrative | 2,385 | 2,344 | 2,290 |
| Other (Note 2) | (226) | 1,293 | 484 |
| Total costs and expenses | 17,059 | 19,505 | 18,937 |
| Operating income | 6,495 | 5,776 | 7,550 |
| Interest expense | (297) | (104) | (5) |
| Investment income, net (Note 2) | 635 | 815 | 1,233 |
| Income from continuing operations before income taxes | 6,833 | 6,487 | 8,778 |
| Income tax expense | (1,131) | (1,219) | (1,244) |
| Income from continuing operations | 5,702 | 5,268 | 7,534 |
| Discontinued operations, net of income taxes (Note 11) | 0 | 0 | 430 |
| Net income | 5,702 | 5,268 | 7,964 |
| Net loss attributable to noncontrolling interests | 3 | 3 | 3 |
| Net income attributable to Qualcomm | 5,705 | 5,271 | 7,967 |
| Basic earnings per share attributable to Qualcomm: | |||
| Continuing operations | 3.84 | 3.26 | 4.48 |
| Discontinued operations | 0.00 | 0.00 | 0.25 |
| Net income | 3.84 | 3.26 | 4.73 |
| Diluted earnings per share attributable to Qualcomm: | |||
| Continuing operations | 3.81 | 3.22 | 4.40 |
| Discontinued operations | 0.00 | 0.00 | 0.25 |
| Net income | 3.81 | 3.22 | 4.65 |
| Shares used in per share calculations: | |||
| Basic | 1,484 | 1,618 | 1,683 |
| Diluted | 1,498 | 1,639 | 1,714 |
| Dividends per share announced | 2.02 | 1.80 | 1.54 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2016 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 25, 2016 10-K (Filed: Nov 2, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2016 | Sept 27, 2015 | Sept 28, 2014 | |
| Net income | $ 5,702 | 5,268 | 7,964 |
| Other comprehensive income (loss), net of income taxes: | |||
| Foreign currency translation (losses) gains | (22) | (47) | 1 |
| Reclassification of foreign currency translation losses included in net income | 21 | 0 | 1 |
| 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 $23, $19 and $1, respectively | (43) | (35) | (1) |
| Reclassification of net other-than-temporary losses on available-for-sale securities included in net income, net of tax benefit of $71, $66 and $55, respectively | 130 | 121 | 101 |
| Net unrealized gains (losses) on other available-for-sale securities, net of tax (expense) benefit of ($166), $114 and ($140), respectively | 306 | (215) | 259 |
| Reclassification of net realized gains on available-for-sale securities included in net income, net of tax expense of $85, $173 and $252, respectively | (156) | (317) | (462) |
| Net unrealized (losses) gains on derivative instruments, net of tax benefit (expense) of $2, $0 and ($4), respectively | (4) | 54 | 8 |
| Reclassification of net realized losses (gains) on derivative instruments, net of tax (benefit) expense of ($2), $0 and $14, respectively | 1 | 0 | (26) |
| Total other comprehensive income (loss) | 233 | (439) | (119) |
| Total comprehensive income | 5,935 | 4,829 | 7,845 |
| Comprehensive loss attributable to noncontrolling interests | 3 | 3 | 3 |
| Comprehensive income attributable to Qualcomm | 5,938 | 4,832 | 7,848 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2016 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 25, 2016 10-K (Filed: Nov 2, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2016 | Sept 27, 2015 | Sept 28, 2014 | |
| Operating Activities: | |||
| Net income | $ 5,702 | 5,268 | 7,964 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 1,428 | 1,214 | 1,150 |
| Indefinite and long-lived asset impairment charges | 107 | 317 | 642 |
| Income tax provision (less than) in excess of income tax payments | (200) | 47 | 298 |
| Gain on sale of wireless spectrum | (380) | 0 | 0 |
| Gain on sale of discontinued operations | 0 | 0 | (665) |
| Non-cash portion of share-based compensation expense | 943 | 1,026 | 1,059 |
| Incremental tax benefits from share-based compensation | (8) | (103) | (280) |
| Net realized gains on marketable securities and other investments | (288) | (500) | (826) |
| Impairment losses on marketable securities and other investments | 172 | 200 | 180 |
| Other items, net | 77 | (16) | (17) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (232) | 550 | (281) |
| Inventories | (49) | 93 | (155) |
| Other assets | 246 | (793) | 108 |
| Trade accounts payable | 541 | (908) | 619 |
| Payroll, benefits and other liabilities | (352) | (328) | (617) |
| Unearned revenues | (307) | (561) | (292) |
| Net cash provided by operating activities | 7,400 | 5,506 | 8,887 |
| Investing Activities: | |||
| Capital expenditures | (539) | (994) | (1,185) |
| Purchases of available-for-sale securities | (18,015) | (15,400) | (13,581) |
| Proceeds from sales and maturities of available-for-sale securities | 14,386 | 15,080 | 13,587 |
| Purchases of trading securities | (177) | (1,160) | (3,075) |
| Proceeds from sales and maturities of trading securities | 779 | 1,658 | 2,824 |
| Purchases of other marketable securities | 0 | 0 | (220) |
| Proceeds from sales of other marketable securities | 450 | 0 | 0 |
| Acquisitions and other investments, net of cash acquired | (812) | (3,019) | (895) |
| Proceeds from sale of wireless spectrum | 232 | 0 | 0 |
| Proceeds from sales of property, plant and equipment | 16 | 266 | 37 |
| Proceeds from sale of discontinued operations, net of cash sold | 0 | 0 | 788 |
| Other items, net | 192 | (3) | 81 |
| Net cash used by investing activities | (3,488) | (3,572) | (1,639) |
| Financing Activities: | |||
| Proceeds from short-term debt | 8,949 | 4,083 | 0 |
| Repayment of short-term debt | (8,200) | (3,083) | 0 |
| Proceeds from long-term debt | 0 | 9,937 | 0 |
| Proceeds from issuance of common stock | 668 | 787 | 1,439 |
| Repurchases and retirements of common stock | (3,923) | (11,246) | (4,549) |
| Dividends paid | (2,990) | (2,880) | (2,586) |
| Incremental tax benefits from share-based compensation | 8 | 103 | 280 |
| Other items, net | (34) | 38 | (64) |
| Net cash used by financing activities | (5,522) | (2,261) | (5,480) |
| Effect of exchange rate changes on cash and cash equivalents | (4) | (20) | (3) |
| Net (decrease) increase in cash and cash equivalents | (1,614) | (347) | 1,765 |
| Cash and cash equivalents at beginning of period | 7,560 | 7,907 | |
| Cash and cash equivalents at end of period | 5,946 | 7,560 | 7,907 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2016 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 25, 2016 10-K (Filed: Nov 2, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 25, 2016 | Sept 27, 2015 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 5,946 | 7,560 |
| Marketable securities | 12,702 | 9,761 |
| Accounts receivable, net | 2,219 | 1,964 |
| Inventories | 1,556 | 1,492 |
| Deferred tax assets | 0 | 635 |
| Other current assets | 558 | 687 |
| Total current assets | 22,981 | 22,099 |
| Marketable securities | 13,702 | 13,626 |
| Deferred tax assets | 2,030 | 1,453 |
| Property, plant and equipment, net | 2,306 | 2,534 |
| Goodwill | 5,679 | 5,479 |
| Other intangible assets, net | 3,500 | 3,742 |
| Other assets | 2,161 | 1,863 |
| Total assets | 52,359 | 50,796 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 1,858 | 1,300 |
| Payroll and other benefits related liabilities | 934 | 861 |
| Unearned revenues | 509 | 583 |
| Short-term debt | 1,749 | 1,000 |
| Other current liabilities | 2,261 | 2,356 |
| Total current liabilities | 7,311 | 6,100 |
| Unearned revenues | 2,377 | 2,496 |
| Long-term debt | 10,008 | 9,969 |
| Other liabilities | 895 | 817 |
| Total liabilities | 20,591 | 19,382 |
| 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; 1,476 and 1,524 shares issued and outstanding, respectively | 414 | 0 |
| Retained earnings | 30,936 | 31,226 |
| Accumulated other comprehensive income | 428 | 195 |
| Total Qualcomm stockholders equity | 31,778 | 31,421 |
| Noncontrolling interests | (10) | (7) |
| Total stockholders equity | 31,768 | 31,414 |
| Total liabilities and stockholders equity | 52,359 | 50,796 |
| External Links | |
| QUALCOMM INC/DE (QCOM) Fiscal Year 2016 | |
| 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 |