Qorvo, Inc. (QRVO) financial statements (2022 and earlier)

Company profile

Business Address 7628 THORNDIKE ROAD
GREENSBORO, NC 27409
State of Incorp. DE
Fiscal Year End March 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9891,1531,2001,3981,2342,0001,136
Cash and cash equivalents9891,1531,2001,3981,2342,0001,136
Receivables632663496461507485326
Inventory, net of allowances, customer advances and progress billings710598570508479477524
Inventory710598570508479477524
Prepaid expense44493942434244
Other current assets58454852464538
Other undisclosed current assets12342124131411
Total current assets:2,4462,5412,3742,4842,3223,0632,079
Noncurrent Assets
Property, plant and equipment1,2671,2771,2711,2661,2321,2251,236
Long-term investments and receivables38374635313837
Long-term investments38374635313837
Intangible assets, net (including goodwill)3,5433,3503,3953,2543,3073,3553,354
Goodwill2,8252,7342,7382,6432,6512,6402,615
Intangible assets, net (excluding goodwill)718615657611656715738
Other noncurrent assets333372187182148144177
Total noncurrent assets:5,1815,0354,8984,7384,7194,7624,803
TOTAL ASSETS:7,6277,5767,2727,2217,0417,8246,883
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities586806601569516483418
Accounts payable358522352314302242226
Accrued liabilities228285249255215241192
Debt 65559057
Other liabilities889197108938984
Total current liabilities:6739027046826141,477509
Noncurrent Liabilities
Liabilities, other than long-term debt239206178168180176153
Other liabilities239206178168180176153
Other undisclosed noncurrent liabilities2,0471,7411,7421,7431,7441,7641,870
Total noncurrent liabilities:2,2861,9461,9201,9101,9241,9402,022
Total liabilities:2,9592,8492,6232,5922,5383,4172,531
Stockholders' equity
Stockholders' equity attributable to parent, including:4,6674,7284,6484,6294,5044,4074,351
Accumulated other comprehensive income1523333047278
Retained earnings53354640535519311349
Other undisclosed stockholders' equity attributable to parent4,1194,1584,2114,2454,2634,2684,294
Total stockholders' equity:4,6674,7284,6484,6294,5044,4074,351
TOTAL LIABILITIES AND EQUITY:7,6277,5767,2727,2217,0417,8246,883

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

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
Revenues1,1141,2551,1101,5641,0951,060787
Cost of revenue
(Cost of Goods and Services Sold)
(566)(634)(564)(666)(557)(569)(462)
Gross profit:548622546898538492326
Operating expenses(252)(259)(249)(312)(239)(270)(233)
Operating income:29636229758629922293
Nonoperating income (expense)3517(75)(59)122
Other nonoperating income (expense)3517 (59)122
Interest and debt expense(15)(15)(15)(34)(17)(23)(19)
Income from continuing operations before income taxes:28335229947722319996
Income tax expense(67)(33)(13)(27)(22)(63)(0)
Net income:21631928645020113696
Other undisclosed net income attributable to parent    011
Net income available to common stockholders, diluted:21631928645020113797

Comprehensive Income ($ in millions)

12/31/2021
Q3
9/30/2021
Q2
6/30/2021
Q1
3/31/2021
Q4
12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
Net income:21631928645020113696
Other comprehensive income (loss)(9)(9)32821186
Comprehensive income:207310289477221154102
Other undisclosed comprehensive income, net of tax, attributable to parent    011
Comprehensive income, net of tax, attributable to parent:207310289477222155103

Statements sources

The financial statements are based on the company's filings with the 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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