QUALCOMM Incorporated (QCOM) Financial Statements (2024 and earlier)

Company Profile

Business Address 5775 MOREHOUSE DR
SAN DIEGO, CA 92121
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,5296,38212,41411,21412,26012,088
Cash and cash equivalents4,8082,7737,1166,70711,83911,777
Short-term investments6,7213,6095,2984,507421311
Receivables 4,2082,2252,6981,0602,848
Inventory, net of allowances, customer advances and progress billings6,9326,3413,2282,5981,4001,693
Inventory6,9326,3413,2282,5981,4001,693
Disposal group, including discontinued operation721733    
Other current assets1,2471,625854704634699
Other undisclosed current assets6691,4351,3541,3051,41156
Total current assets:21,09820,72420,07518,51916,76517,384
Noncurrent Assets
Property, plant and equipment5,2155,1684,5593,7113,0812,975
Long-term investments and receivables      35
Long-term investments      35
Intangible assets, net (including goodwill)12,36212,3908,7047,9768,4549,453
Goodwill10,56610,5087,2466,3236,2826,498
Intangible assets, net (excluding goodwill)1,7961,8821,4581,6532,1722,955
Disposal group, including discontinued operation, noncurrent assets1,1991,200    
Deferred income tax assets2,0921,8031,5911,351 
Other noncurrent assets8,0487,7296,3114,0373,4611,935
Deferred tax assets, net904
Other undisclosed noncurrent assets     1,196 
Total noncurrent assets:28,91628,29021,16517,07516,19215,302
TOTAL ASSETS:50,01449,01441,24035,59432,95732,686
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,0226,7684,2813,3012,4163,359
Taxes payable   453
Employee-related liabilities1,4861,5311,0531,0481,081
Accounts payable2,5623,7962,7502,2481,3681,825
Accrued liabilities1,4601,486    
Deferred revenue289369612568565
Debt1,4461,9452,0445002,4961,005
Disposal group, including discontinued operation646581    
Other liabilities3,6783,6895,0144,3033,4586,825
Other undisclosed current liabilities  (1,486)   47
Total current liabilities:10,08111,86611,9518,6728,93511,236
Noncurrent Liabilities
Long-term debt and lease obligation15,43114,11014,12915,22613,437 
Long-term debt, excluding current maturities15,43113,53713,70115,22613,437 
Liabilities, other than long-term debt1,6883,8353,9774,2334,6483,828
Accounts payable and accrued liabilities1,4721,4721,7131,8722,0882,312
Deferred revenue1051443647611,160
Deferred tax liabilities, net291
Liability for uncertainty in income taxes 2,1001,9001,6001,400 
Disposal group, including discontinued operation, liabilities111119    
Other liabilities      1,225
Operating lease, liability 573428  
Other undisclosed noncurrent liabilities4,0041,1901,2331,3861,02816,694
Total noncurrent liabilities:21,12319,13519,33920,84519,11320,522
Total liabilities:31,20431,00131,29029,51728,04831,758
Equity
Equity, attributable to parent, including:18,81017,8189,9505,4914,909928
Accumulated other comprehensive income (loss)293(22)128207100265
Retained earnings18,51717,8409,8225,2844,466663
Other undisclosed equity, attributable to parent     343 
Other undisclosed equity 195 586  
Total equity:18,81018,0139,9506,0774,909928
TOTAL LIABILITIES AND EQUITY:50,01449,01441,24035,59432,95732,686

Income Statement (P&L) ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues42,95844,20033,56623,53124,27322,732
Cost of revenue(18,376)(18,635)(14,262)(9,255)(8,599)(10,244)
Gross profit:24,58225,56519,30414,27615,67412,488
Operating expenses(11,582)(11,246)(10,057)(8,642)(7,593)(8,611)
Other operating income (expense), net9791,059 28(414)(3,135)
Other undisclosed operating income482482542593  
Operating income:14,46115,8609,7896,2557,667742
Nonoperating income (expense)(436)(372)1,04466441539
Investment income, nonoperating(436)(372)1,04466441539
Interest and debt expense(522)(490)(559)(602)(627)(768)
Income from continuing operations before income taxes:13,50314,99810,2745,7197,481513
Income tax expense(1,643)(2,012)(1,231)(521)(3,095)(5,377)
Income (loss) from continuing operations:11,86012,9869,0435,1984,386(4,864)
Income (loss) before gain (loss) on sale of properties:9,58712,9869,0435,1984,386(4,864)
Net income (loss):11,86012,9869,0435,1984,386(4,864)
Other undisclosed net loss attributable to parent(88)(50)    
Net income (loss) available to common stockholders, diluted:11,77212,9369,0435,1984,386(4,864)

Comprehensive Income ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):11,86012,9869,0435,1984,386(4,864)
Other comprehensive income (loss)235(150)(79)107(114)(119)
Comprehensive income (loss):12,09512,8368,9645,3054,272(4,983)
Other undisclosed comprehensive loss, net of tax, attributable to parent(88)(50)    
Comprehensive income (loss), net of tax, attributable to parent:12,00712,7868,9645,3054,272(4,983)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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