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: 2022 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Sept 25, 2022 10-K (Filed: Nov 2, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2022 | Sept 26, 2021 | Sept 27, 2020 | |
| Revenues: | |||
| Equipment and services | $ 37,171 | 26,741 | 16,298 |
| Licensing | 7,029 | 6,825 | 7,233 |
| Total revenues | 44,200 | 33,566 | 23,531 |
| Cost of revenues | 18,635 | 14,262 | 9,255 |
| Research and development | 8,194 | 7,176 | 5,975 |
| Selling, general and administrative | 2,570 | 2,339 | 2,074 |
| Other (Note 2) | (1,059) | 0 | (28) |
| Total costs and expenses | 28,340 | 23,777 | 17,276 |
| Operating income | 15,860 | 9,789 | 6,255 |
| Interest expense | (490) | (559) | (602) |
| Investment and other (expense) income, net | (372) | 1,044 | 66 |
| Income from continuing operations before income taxes | 14,998 | 10,274 | 5,719 |
| Income tax expense | (2,012) | (1,231) | (521) |
| Income from continuing operations | 12,986 | 9,043 | 5,198 |
| Discontinued operations, net of income taxes (Note 9) | (50) | 0 | 0 |
| Net income | 12,936 | 9,043 | 5,198 |
| Basic earnings per share, Continuing operations | 11.56 | 7.99 | 4.58 |
| Basic earnings per share, Discontinued operations | (0.04) | 0.00 | 0.00 |
| Earnings Per Share, Basic, Total | 11.52 | 7.99 | 4.58 |
| Diluted earnings per share, Continuing operations | 11.41 | 7.87 | 4.52 |
| Diluted earnings per share, Discontinued operations | (0.04) | 0.00 | 0.00 |
| Earnings Per Share, Diluted, Total | 11.37 | 7.87 | 4.52 |
| Shares used in per share calculations: | |||
| Basic | 1,123 | 1,131 | 1,135 |
| Diluted | 1,137 | 1,149 | 1,149 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Sept 25, 2022 10-K (Filed: Nov 2, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2022 | Sept 26, 2021 | Sept 27, 2020 | |
| Net income | $ 12,936 | 9,043 | 5,198 |
| Other comprehensive (loss) income, net of income taxes: | |||
| Foreign currency translation (losses) gains | (433) | 40 | 60 |
| Net unrealized (losses) gains on certain available-for-sale securities | (113) | (5) | 22 |
| Net unrealized gains (losses) on derivative instruments | 361 | (53) | 29 |
| Other gains (losses) | 35 | (2) | 7 |
| Other reclassifications included in net income | 0 | (59) | (11) |
| Total other comprehensive (loss) income | (150) | (79) | 107 |
| Comprehensive income | 12,786 | 8,964 | 5,305 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
QUALCOMM INC/DE | |||
Ticker: QCOM Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Sept 25, 2022 10-K (Filed: Nov 2, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 25, 2022 | Sept 26, 2021 | Sept 27, 2020 | |
| Operating Activities: | |||
| Income from continuing operations | $ 12,986 | 9,043 | 5,198 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization expense | 1,762 | 1,582 | 1,393 |
| Income tax provision less than income tax payments | (138) | (245) | (309) |
| Share-based compensation expense | 2,031 | 1,663 | 1,212 |
| Net losses (gains) on marketable securities and other investments | 432 | (1,002) | (336) |
| Impairment losses on marketable securities and other investments | 47 | 33 | 405 |
| Other items, net | (54) | (77) | (142) |
| Changes in assets and liabilities: | |||
| Accounts receivable, net | (2,066) | 426 | (1,529) |
| Inventories | (3,137) | (622) | (1,157) |
| Other assets | (2,266) | (1,649) | (110) |
| Trade accounts payable | 1,036 | 495 | 907 |
| Payroll, benefits and other liabilities | (1,043) | 1,091 | 528 |
| Unearned revenues | (324) | (202) | (246) |
| Net cash used by operating activities from discontinued operations | (170) | 0 | 0 |
| Net cash provided by operating activities | 9,096 | 10,536 | 5,814 |
| Investing Activities: | |||
| Capital expenditures | (2,262) | (1,888) | (1,407) |
| Purchases of debt and equity marketable securities | (1,414) | (5,907) | (6,213) |
| Proceeds from sales and maturities of debt and equity marketable securities | 2,622 | 5,555 | 2,399 |
| Acquisitions and other investments, net of cash acquired | (4,912) | (1,377) | (185) |
| Proceeds from other investments | 132 | 320 | 100 |
| Other items, net | 30 | (59) | 43 |
| Net cash used by investing activities | (5,804) | (3,356) | (5,263) |
| Financing Activities: | |||
| Proceeds from short-term debt | 7,000 | 2,886 | 2,848 |
| Repayment of short-term debt | (7,003) | (2,885) | (2,846) |
| Repayment of debt of acquired company | (349) | 0 | 0 |
| Proceeds from long-term debt | 1,477 | 0 | 1,988 |
| Repayment of long-term debt | (1,540) | 0 | (2,219) |
| Proceeds from issuance of common stock | 356 | 347 | 329 |
| Repurchases and retirements of common stock | (3,129) | (3,366) | (2,450) |
| Dividends paid | (3,212) | (3,008) | (2,882) |
| Payments of tax withholdings related to vesting of share-based awards | (766) | (737) | (347) |
| Other items, net | (30) | (35) | (128) |
| Net cash used by financing activities | (7,196) | (6,798) | (5,707) |
| Effect of exchange rate changes on cash and cash equivalents | (113) | 27 | 24 |
| Net (decrease) increase in total cash and cash equivalents | (4,017) | 409 | (5,132) |
| Total cash and cash equivalents at beginning of period | 7,116 | 6,707 | |
| Total cash and cash equivalents at end of period (including $326 million classified as held for sale at September 25, 2022) | 3,099 | 7,116 | 6,707 |
| Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents | 326 | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
QUALCOMM INC/DE | ||
Ticker: QCOM Fiscal Year: 2022 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Sept 25, 2022 10-K (Filed: Nov 2, 2022) | ||
| (In Millions) | ||
| As of | As of | |
| Sept 25, 2022 | Sept 26, 2021 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,773 | 7,116 |
| Marketable securities | 3,609 | 5,298 |
| Accounts receivable, net | 5,643 | 3,579 |
| Inventories | 6,341 | 3,228 |
| Held for sale assets | 733 | 0 |
| Other current assets | 1,625 | 854 |
| Total current assets | 20,724 | 20,075 |
| Deferred tax assets | 1,803 | 1,591 |
| Property, plant and equipment, net | 5,168 | 4,559 |
| Goodwill | 10,508 | 7,246 |
| Other intangible assets, net | 1,882 | 1,458 |
| Held for sale assets | 1,200 | 0 |
| Other assets | 7,729 | 6,311 |
| Total assets | 49,014 | 41,240 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Trade accounts payable | 3,796 | 2,750 |
| Payroll and other benefits related liabilities | 1,486 | 1,531 |
| Unearned revenues | 369 | 612 |
| Short-term debt | 1,945 | 2,044 |
| Held for sale liabilities | 581 | 0 |
| Other current liabilities | 3,689 | 5,014 |
| Total current liabilities | 11,866 | 11,951 |
| Unearned revenues | 144 | 364 |
| Income taxes payable | 1,472 | 1,713 |
| Long-term debt | 13,537 | 13,701 |
| Held for sale liabilities | 119 | 0 |
| Other liabilities | 3,863 | 3,561 |
| Total liabilities | 31,001 | 31,290 |
| 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; 1,121 and 1,125 shares issued and outstanding, respectively | 195 | 0 |
| Common Stock, Par or Stated Value Per Share | 0.0001 | 0.0001 |
| Common Stock, Shares Authorized | 6,000 | 6,000 |
| Common Stock, Shares, Issued | 1,121 | 1,125 |
| Retained earnings | 17,840 | 9,822 |
| Accumulated other comprehensive (loss) income | (22) | 128 |
| Total stockholders equity | 18,013 | 9,950 |
| Total liabilities and stockholders equity | 49,014 | 41,240 |
| External Links | |
| QUALCOMM INC/DE (QCOM) Fiscal Year 2022 | |
| 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 |