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: 2020 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 27, 2020 10-K (Filed: Nov 4, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2020 | Sept 29, 2019 | Sept 30, 2018 | |
| Revenues: | |||
| Equipment and services | $ 16,298 | 14,611 | 17,400 |
| Licensing | 7,233 | 9,662 | 5,211 |
| Total revenues | 23,531 | 24,273 | 22,611 |
| Cost of revenues | 9,255 | 8,599 | 10,244 |
| Research and development | 5,975 | 5,398 | 5,625 |
| Selling, general and administrative | 2,074 | 2,195 | 2,986 |
| Other | (28) | 414 | 3,135 |
| Total costs and expenses | 17,276 | 16,606 | 21,990 |
| Operating income | 6,255 | 7,667 | 621 |
| Interest expense | (602) | (627) | (768) |
| Investment and other income, net | 66 | 441 | 539 |
| Income before income taxes | 5,719 | 7,481 | 392 |
| Income tax expense | (521) | (3,095) | (5,356) |
| Net income (loss) | 5,198 | 4,386 | (4,964) |
| Basic earnings (loss) per share | 4.58 | 3.63 | (3.39) |
| Diluted earnings (loss) per share | 4.52 | 3.59 | (3.39) |
| Shares used in per share calculations: | |||
| Basic | 1,135 | 1,210 | 1,463 |
| Diluted | 1,149 | 1,220 | 1,463 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Sept 27, 2020 10-K (Filed: Nov 4, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2020 | Sept 29, 2019 | Sept 30, 2018 | |
| Net income (loss) | $ 5,198 | 4,386 | (4,964) |
| Other comprehensive income (loss), net of income taxes: | |||
| Foreign currency translation gains (losses) | 60 | (110) | (136) |
| Net unrealized gains (losses) on certain available-for-sale securities, net of tax (expense) benefit of ($1), $0 and ($8), respectively | 22 | (6) | 29 |
| Net unrealized gains (losses) on derivative instruments, tax (expense) benefit | (1) | 0 | (8) |
| Net unrealized gains (losses) on derivative instruments, net of tax (expense) benefit of ($8), ($7) and $6, respectively | 29 | 26 | (17) |
| Net unrealized gains (losses) on derivative instruments, tax (expense) benefit | (8) | (7) | 6 |
| Other gains (losses) | 7 | (19) | (3) |
| Other reclassifications included in net income (loss), net of tax benefit (expense) of $5, $1 and ($3), respectively | (11) | (5) | 8 |
| Other reclassifications included in net income (loss), tax benefit (expense) | 5 | 1 | (3) |
| Total other comprehensive income (loss) | 107 | (114) | (119) |
| Comprehensive income (loss) | 5,305 | 4,272 | (5,083) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 27, 2020 10-K (Filed: Nov 4, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2020 | Sept 29, 2019 | Sept 30, 2018 | |
| Operating Activities: | |||
| Net income (loss) | $ 5,198 | 4,386 | (4,964) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 1,393 | 1,401 | 1,561 |
| Income tax provision (less than) in excess of income tax payments | (309) | 1,976 | 4,481 |
| Share-based compensation expense | 1,212 | 1,037 | 883 |
| Net gains on marketable securities and other investments | (336) | (356) | (124) |
| Indefinite and long-lived asset impairment charges | 0 | 203 | 273 |
| Impairment losses on marketable securities and other investments | 405 | 135 | 75 |
| Other items, net | (142) | (272) | (49) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (1,529) | 1,373 | 734 |
| Inventories | (1,157) | 273 | 337 |
| Other assets | (110) | 78 | 24 |
| Trade accounts payable | 907 | (443) | (94) |
| Payroll, benefits and other liabilities | 528 | (2,376) | 1,005 |
| Unearned revenues | (246) | (129) | (234) |
| Net cash provided by operating activities | 5,814 | 7,286 | 3,908 |
| Investing Activities: | |||
| Capital expenditures | (1,407) | (887) | (784) |
| Purchases of debt and equity marketable securities | (6,213) | 0 | (5,936) |
| Proceeds from sales and maturities of debt and equity marketable securities | 2,399 | 198 | 9,188 |
| Acquisitions and other investments, net of cash acquired | (185) | (252) | (326) |
| Proceeds from other investments | 100 | 68 | 222 |
| Other items, net | 43 | 67 | 17 |
| Net cash (used) provided by investing activities | (5,263) | (806) | 2,381 |
| Financing Activities: | |||
| Proceeds from short-term debt | 2,848 | 5,989 | 11,131 |
| Repayment of short-term debt | (2,846) | (6,492) | (11,127) |
| Proceeds from long-term debt | 1,988 | 0 | 0 |
| Repayment of long-term debt | (2,219) | 0 | (5,513) |
| Proceeds from issuance of common stock | 329 | 414 | 603 |
| Repurchases and retirements of common stock | (2,450) | (1,793) | (22,580) |
| Dividends paid | (2,882) | (2,968) | (3,466) |
| Payments of tax withholdings related to vesting of share-based awards | (344) | (266) | (280) |
| Payment of purchase consideration related to RF360 Holdings | (55) | (1,163) | (157) |
| Other items, net | (76) | (107) | (111) |
| Net cash used by financing activities | (5,707) | (6,386) | (31,500) |
| Effect of exchange rate changes on cash and cash equivalents | 24 | (32) | (41) |
| Net (decrease) increase in total cash and cash equivalents | (5,132) | 62 | (25,252) |
| Total cash and cash equivalents at beginning of period | 11,839 | 11,777 | |
| Total cash and cash equivalents at end of period | 6,707 | 11,839 | 11,777 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2020 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 27, 2020 10-K (Filed: Nov 4, 2020) | ||
| (In Millions) | ||
| As of | As of | |
| Sept 27, 2020 | Sept 29, 2019 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,707 | 11,839 |
| Marketable securities | 4,507 | 421 |
| Accounts receivable, net | 4,003 | 2,471 |
| Inventories | 2,598 | 1,400 |
| Other current assets | 704 | 634 |
| Total current assets | 18,519 | 16,765 |
| Non-current deferred tax assets | 1,351 | 1,196 |
| Property, plant and equipment, net | 3,711 | 3,081 |
| Goodwill | 6,323 | 6,282 |
| Other intangible assets, net | 1,653 | 2,172 |
| Other assets | 4,037 | 3,461 |
| Total assets | 35,594 | 32,957 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 2,248 | 1,368 |
| Payroll and other benefits related liabilities | 1,053 | 1,048 |
| Unearned revenues | 568 | 565 |
| Short-term debt | 500 | 2,496 |
| Other current liabilities | 4,303 | 3,458 |
| Total current liabilities | 8,672 | 8,935 |
| Unearned revenues | 761 | 1,160 |
| Income taxes payable | 1,872 | 2,088 |
| Long-term debt | 15,226 | 13,437 |
| Other liabilities | 2,986 | 2,428 |
| Total liabilities | 29,517 | 28,048 |
| Commitments and contingencies (Note 7) | ||
| Stockholders equity: | ||
| Preferred stock, $0.0001 par value; 8 shares authorized; none outstanding | 0 | 0 |
| Preferred Stock, Par or Stated Value Per Share | 0.0001 | 0.0001 |
| Preferred Stock, Shares Authorized | 8 | 8 |
| Preferred Stock, Shares Outstanding | 0 | 0 |
| Common stock and paid-in capital, $0.0001 par value; 6,000 shares authorized; 1,131 and 1,145 shares issued and outstanding, respectively | 586 | 343 |
| Common Stock, Par or Stated Value Per Share | 0.0001 | 0.0001 |
| Common Stock, Shares Authorized | 6,000 | 6,000 |
| Common Stock, Shares, Issued | 1,131 | 1,145 |
| Retained earnings | 5,284 | 4,466 |
| Accumulated other comprehensive income | 207 | 100 |
| Total stockholders equity | 6,077 | 4,909 |
| Total liabilities and stockholders equity | 35,594 | 32,957 |
| External Links | |
| QUALCOMM INC/DE (QCOM) Fiscal Year 2020 | |
| 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 |