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: 2019 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 29, 2019 10-K (Filed: Nov 6, 2019) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2019 | Sept 30, 2018 | Sept 24, 2017 | |
| Revenues: | |||
| Equipment and services | $ 14,611 | 17,400 | 16,647 |
| Licensing | 9,662 | 5,211 | 5,611 |
| Total revenues | 24,273 | 22,611 | 22,258 |
| Cost of revenues | 8,599 | 10,244 | 9,792 |
| Research and development | 5,398 | 5,625 | 5,485 |
| Selling, general and administrative | 2,195 | 2,986 | 2,658 |
| Other | 414 | 3,135 | 1,742 |
| Total costs and expenses | 16,606 | 21,990 | 19,677 |
| Operating income | 7,667 | 621 | 2,581 |
| Interest expense | (627) | (768) | (494) |
| Investment and other income, net | 441 | 539 | 900 |
| Income before income taxes | 7,481 | 392 | 2,987 |
| Income tax expense | (3,095) | (5,356) | (543) |
| Net income (loss) | 4,386 | (4,964) | 2,444 |
| Net loss attributable to noncontrolling interests | 0 | 0 | 1 |
| Net income (loss) attributable to Qualcomm | 4,386 | (4,964) | 2,445 |
| Basic earnings (loss) per share attributable to Qualcomm | 3.63 | (3.39) | 1.66 |
| Diluted earnings (loss) per share attributable to Qualcomm | 3.59 | (3.39) | 1.64 |
| Shares used in per share calculations: | |||
| Basic | 1,210 | 1,463 | 1,477 |
| Diluted | 1,220 | 1,463 | 1,490 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2019 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Sept 29, 2019 10-K (Filed: Nov 6, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2019 | Sept 30, 2018 | Sept 24, 2017 | |
| Net income (loss) | $ 4,386 | (4,964) | 2,444 |
| Other comprehensive loss, net of income taxes: | |||
| Foreign currency translation (losses) gains | (110) | (136) | 309 |
| Net unrealized (losses) gains on certain available-for-sale securities, net of tax benefit (expense) of $0, ($8) and $59, respectively | (6) | 29 | (102) |
| Reclassification of net realized gains on available-for-sale securities included in net income (loss), net of tax expense of $0, $3 and $156, respectively | (1) | (9) | (286) |
| Net unrealized gains (losses) on derivative instruments, net of tax (expense) benefit of ($7), $6 and $0, respectively | 26 | (17) | (49) |
| Other (losses) gains, net of tax expense of $0, $0 and $3, respectively | (19) | (3) | 10 |
| Other reclassifications included in net income (loss), net of tax | (4) | 17 | 74 |
| Total other comprehensive loss | (114) | (119) | (44) |
| Total comprehensive income (loss) | 4,272 | (5,083) | 2,400 |
| Comprehensive loss attributable to noncontrolling interests | 0 | 0 | 1 |
| Comprehensive income (loss) attributable to Qualcomm | 4,272 | (5,083) | 2,401 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2019 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 29, 2019 10-K (Filed: Nov 6, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2019 | Sept 30, 2018 | Sept 24, 2017 | |
| Operating Activities: | |||
| Net income (loss) | $ 4,386 | (4,964) | 2,444 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 1,401 | 1,561 | 1,461 |
| Income tax provision in excess of (less than) income tax payments | 1,976 | 4,481 | (412) |
| Non-cash portion of share-based compensation expense | 1,037 | 883 | 914 |
| Net gains on marketable securities and other investments | (356) | (124) | (530) |
| Indefinite and long-lived asset impairment charges | 203 | 273 | 76 |
| Impairment losses on marketable securities and other investments | 135 | 75 | 177 |
| Other items, net | (272) | (49) | (26) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | 1,373 | 734 | (1,104) |
| Inventories | 273 | 337 | (200) |
| Other assets | 78 | 24 | 136 |
| Trade accounts payable | (443) | (94) | (45) |
| Payroll, benefits and other liabilities | (2,376) | 1,005 | 2,341 |
| Unearned revenues | (129) | (234) | (231) |
| Net cash provided by operating activities | 7,286 | 3,908 | 5,001 |
| Investing Activities: | |||
| Capital expenditures | (887) | (784) | (690) |
| Purchases of debt and equity marketable securities | 0 | (5,936) | (19,062) |
| Proceeds from sales and maturities of debt and equity marketable securities | 139 | 9,188 | 41,715 |
| Purchases of other marketable securities | 0 | (49) | (2,010) |
| Proceeds from sales and maturities of other marketable securities | 0 | 50 | 2,006 |
| Acquisitions and other investments, net of cash acquired | (252) | (326) | (1,544) |
| Proceeds from other investments | 68 | 222 | 23 |
| Other items, net | 126 | 16 | 25 |
| Net cash (used) provided by investing activities | (806) | 2,381 | 20,463 |
| Financing Activities: | |||
| Proceeds from short-term debt | 5,989 | 11,131 | 8,558 |
| Repayment of short-term debt | (6,492) | (11,127) | (9,309) |
| Proceeds from long-term debt | 0 | 0 | 10,953 |
| Repayment of long-term debt | 0 | (5,513) | 0 |
| Proceeds from issuance of common stock | 414 | 603 | 497 |
| Repurchases and retirements of common stock | (1,793) | (22,580) | (1,342) |
| Dividends paid | (2,968) | (3,466) | (3,252) |
| Payments of tax withholdings related to vesting of share-based awards | (266) | (280) | (268) |
| Payment of purchase consideration related to RF360 Holdings | (1,163) | (157) | (115) |
| Other items, net | (107) | (111) | (151) |
| Net cash (used) provided by financing activities | (6,386) | (31,500) | 5,571 |
| Effect of exchange rate changes on cash and cash equivalents | (32) | (41) | 48 |
| Net increase (decrease) in total cash and cash equivalents | 62 | (25,252) | 31,083 |
| Total cash and cash equivalents at beginning of period | 11,777 | 37,029 | |
| Total cash and cash equivalents at end of period | 11,839 | 11,777 | 37,029 |
| Cash and cash equivalents | 11,839 | 11,777 | 35,029 |
| Restricted cash and restricted cash equivalents included in other assets | 0 | 0 | 2,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2019 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 29, 2019 10-K (Filed: Nov 6, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 29, 2019 | Sept 30, 2018 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 11,839 | 11,777 |
| Marketable securities | 421 | 311 |
| Accounts receivable, net | 2,471 | 2,904 |
| Inventories | 1,400 | 1,693 |
| Other current assets | 634 | 699 |
| Total current assets | 16,765 | 17,384 |
| Deferred tax assets | 1,196 | 936 |
| Property, plant and equipment, net | 3,081 | 2,975 |
| Goodwill | 6,282 | 6,498 |
| Other intangible assets, net | 2,172 | 2,955 |
| Other assets | 3,461 | 1,970 |
| Total assets | 32,957 | 32,718 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 1,368 | 1,825 |
| Payroll and other benefits related liabilities | 1,048 | 1,081 |
| Unearned revenues | 565 | 500 |
| Short-term debt | 2,496 | 1,005 |
| Other current liabilities | 3,458 | 6,978 |
| Total current liabilities | 8,935 | 11,389 |
| Unearned revenues | 1,160 | 1,620 |
| Income taxes payable | 2,088 | 2,312 |
| Long-term debt | 13,437 | 15,365 |
| Other liabilities | 2,428 | 1,225 |
| Total liabilities | 28,048 | 31,911 |
| 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; 1,145 and 1,219 shares issued and outstanding, respectively | 343 | 0 |
| Retained earnings | 4,466 | 542 |
| Accumulated other comprehensive income | 100 | 265 |
| Total stockholders equity | 4,909 | 807 |
| Total liabilities and stockholders equity | 32,957 | 32,718 |
| External Links | |
| QUALCOMM INC/DE (QCOM) Fiscal Year 2019 | |
| 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 |