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: 2017 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 24, 2017 10-K (Filed: Nov 1, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2017 | Sept 25, 2016 | Sept 27, 2015 | |
| Revenues: | |||
| Equipment and services | $ 16,647 | 15,467 | 17,079 |
| Licensing | 5,644 | 8,087 | 8,202 |
| Total revenues | 22,291 | 23,554 | 25,281 |
| Cost of revenues | 9,792 | 9,749 | 10,378 |
| Research and development | 5,485 | 5,151 | 5,490 |
| Selling, general and administrative | 2,658 | 2,385 | 2,344 |
| Other (Note 2) | 1,742 | (226) | 1,293 |
| Total costs and expenses | 19,677 | 17,059 | 19,505 |
| Operating income | 2,614 | 6,495 | 5,776 |
| Interest expense | (494) | (297) | (104) |
| Investment and other income, net (Note 2) | 900 | 635 | 815 |
| Income before income taxes | 3,020 | 6,833 | 6,487 |
| Income tax expense | (555) | (1,131) | (1,219) |
| Net income | 2,465 | 5,702 | 5,268 |
| Net loss attributable to noncontrolling interests | 1 | 3 | 3 |
| Net income attributable to Qualcomm | 2,466 | 5,705 | 5,271 |
| Basic earnings per share attributable to Qualcomm | 1.67 | 3.84 | 3.26 |
| Diluted earnings per share attributable to Qualcomm | 1.65 | 3.81 | 3.22 |
| Shares used in per share calculations: | |||
| Basic | 1,477 | 1,484 | 1,618 |
| Diluted | 1,490 | 1,498 | 1,639 |
| Dividends per share announced | 2.20 | 2.02 | 1.80 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2017 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 24, 2017 10-K (Filed: Nov 1, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2017 | Sept 25, 2016 | Sept 27, 2015 | |
| Net income | $ 2,465 | 5,702 | 5,268 |
| Other comprehensive (loss) income, net of income taxes: | |||
| Foreign currency translation gains (losses) | 309 | (22) | (47) |
| Reclassification of foreign currency translation (gains) losses included in net income | (1) | 21 | 0 |
| Noncredit other-than-temporary impairment losses and subsequent changes in fair value related to certain available-for-sale debt securities, net of tax (expense) benefit of ($3), $23 and $19, respectively | 6 | (43) | (35) |
| Reclassification of net other-than-temporary losses on available-for-sale securities included in net income, net of tax benefit of $46, $71 and $66, respectively | 85 | 130 | 121 |
| Net unrealized (losses) gains on other available-for-sale securities, net of tax benefit (expense) of $59, ($166) and $114, respectively | (102) | 306 | (215) |
| Reclassification of net realized gains on available-for-sale securities included in net income, net of tax expense of $156, $85 and $173, respectively | (286) | (156) | (317) |
| Net unrealized (losses) gains on derivative instruments, net of tax benefit of $0, $2 and $0, respectively | (49) | (4) | 54 |
| Reclassification of net realized (gains) losses on derivative instruments included in net income, net of tax expense (benefit) of $4, ($2) and $0, respectively | (10) | 1 | 0 |
| Other gains | 4 | 0 | 0 |
| Total other comprehensive (loss) income | (44) | 233 | (439) |
| Total comprehensive income | 2,421 | 5,935 | 4,829 |
| Comprehensive loss attributable to noncontrolling interests | 1 | 3 | 3 |
| Comprehensive income attributable to Qualcomm | 2,422 | 5,938 | 4,832 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2017 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 24, 2017 10-K (Filed: Nov 1, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 24, 2017 | Sept 25, 2016 | Sept 27, 2015 | |
| Operating Activities: | |||
| Net income | $ 2,465 | 5,702 | 5,268 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 1,461 | 1,428 | 1,214 |
| Indefinite and long-lived asset impairment charges | 76 | 107 | 317 |
| Income tax provision (less than) in excess of income tax payments | (400) | (200) | 47 |
| Gain on sale of wireless spectrum | 0 | (380) | 0 |
| Non-cash portion of share-based compensation expense | 914 | 943 | 1,026 |
| Incremental tax benefits from share-based compensation | (40) | (8) | (103) |
| Net realized gains on marketable securities and other investments | (530) | (288) | (500) |
| Impairment losses on marketable securities and other investments | 177 | 172 | 200 |
| Other items, net | 146 | 77 | (16) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (1,104) | (232) | 550 |
| Inventories | (200) | (49) | 93 |
| Other assets | 169 | 246 | (793) |
| Trade accounts payable | (45) | 541 | (908) |
| Payroll, benefits and other liabilities | 1,835 | (352) | (328) |
| Unearned revenues | (231) | (307) | (561) |
| Net cash provided by operating activities | 4,693 | 7,400 | 5,506 |
| Investing Activities: | |||
| Capital expenditures | (690) | (539) | (994) |
| Purchases of available-for-sale securities | (19,062) | (18,015) | (15,400) |
| Proceeds from sales and maturities of available-for-sale securities | 41,715 | 14,386 | 15,080 |
| Purchases of trading securities | 0 | (177) | (1,160) |
| Proceeds from sales and maturities of trading securities | 0 | 779 | 1,658 |
| Purchases of other marketable securities | (710) | 0 | 0 |
| Proceeds from sales and maturities of other marketable securities | 706 | 450 | 0 |
| Deposits of investments designated as collateral | (2,000) | 0 | 0 |
| Acquisitions and other investments, net of cash acquired | (1,544) | (812) | (3,019) |
| Proceeds from sale of wireless spectrum | 0 | 232 | 0 |
| Proceeds from sales of property, plant and equipment | 28 | 16 | 266 |
| Other items, net | 20 | 192 | (3) |
| Net cash provided (used) by investing activities | 18,463 | (3,488) | (3,572) |
| Financing Activities: | |||
| Proceeds from short-term debt | 8,558 | 8,949 | 4,083 |
| Repayment of short-term debt | (9,309) | (8,200) | (3,083) |
| Proceeds from long-term debt | 10,953 | 0 | 9,937 |
| Proceeds from issuance of common stock | 497 | 668 | 787 |
| Repurchases and retirements of common stock | (1,342) | (3,923) | (11,246) |
| Dividends paid | (3,252) | (2,990) | (2,880) |
| Incremental tax benefits from share-based compensation | 40 | 8 | 103 |
| Other items, net | (266) | (34) | 38 |
| Net cash provided (used) by financing activities | 5,879 | (5,522) | (2,261) |
| Effect of exchange rate changes on cash and cash equivalents | 48 | (4) | (20) |
| Net increase (decrease) in cash and cash equivalents | 29,083 | (1,614) | (347) |
| Cash and cash equivalents at beginning of period | 5,946 | 7,560 | |
| Cash and cash equivalents at end of period | 35,029 | 5,946 | 7,560 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2017 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 24, 2017 10-K (Filed: Nov 1, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 24, 2017 | Sept 25, 2016 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 35,029 | 5,946 |
| Marketable securities | 2,279 | 12,702 |
| Accounts receivable, net | 3,632 | 2,219 |
| Inventories | 2,035 | 1,556 |
| Other current assets | 618 | 558 |
| Total current assets | 43,593 | 22,981 |
| Marketable securities | 1,270 | 13,702 |
| Deferred tax assets | 2,900 | 2,030 |
| Property, plant and equipment, net | 3,216 | 2,306 |
| Goodwill | 6,623 | 5,679 |
| Other intangible assets, net | 3,737 | 3,500 |
| Other assets | 4,147 | 2,161 |
| Total assets | 65,486 | 52,359 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 1,971 | 1,858 |
| Payroll and other benefits related liabilities | 1,183 | 934 |
| Unearned revenues | 502 | 509 |
| Short-term debt | 2,495 | 1,749 |
| Other current liabilities | 4,756 | 2,261 |
| Total current liabilities | 10,907 | 7,311 |
| Unearned revenues | 2,003 | 2,377 |
| Long-term debt | 19,398 | 10,008 |
| Other liabilities | 2,432 | 895 |
| Total liabilities | 34,740 | 20,591 |
| 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; 1,474 and 1,476 shares issued and outstanding, respectively | 274 | 414 |
| Retained earnings | 30,088 | 30,936 |
| Accumulated other comprehensive income | 384 | 428 |
| Total Qualcomm stockholders equity | 30,746 | 31,778 |
| Noncontrolling interests | 0 | (10) |
| Total stockholders equity | 30,746 | 31,768 |
| Total liabilities and stockholders equity | 65,486 | 52,359 |
| External Links | |
| QUALCOMM INC/DE (QCOM) Fiscal Year 2017 | |
| 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 |