Qorvo, Inc. (QRVO) financial statements (2021 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)

12/31/2019
TTM
3/31/2019
6/30/2018
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,098711392926545613545
Cash and cash equivalents1,098711334926545426300
Short-term investments  58  187245
Receivables410384361346358316354
Inventory, net of allowances, customer advances and progress billings480512502472430428347
Inventory480512502472430428347
Prepaid expense27262524366452
Other current assets36363531264127
Other undisclosed current assets171654456547176
Total current assets:2,0681,6851,3681,8441,4621,5091,500
Noncurrent Assets
Property, plant and equipment1,2791,3671,3691,3741,3921,047883
Long-term investments and receivables4198806435264
Long-term investments4198806435264
Intangible assets, net (including goodwill)3,0112,5822,9033,0343,5743,9484,448
Goodwill2,4162,1742,1742,1742,1742,1362,141
Intangible assets, net (excluding goodwill)5954087298601,4011,8132,307
Other noncurrent assets121776366596657
Total noncurrent assets:4,4524,1234,4154,5385,0615,0885,392
TOTAL ASSETS:6,5205,8085,7826,3826,5226,5976,892
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities426394353380387343314
Accounts payable239233219213216205182
Accrued liabilities187161134167171138132
Debt5      
Other liabilities60425161323111
Total current liabilities:491436403441419374325
Noncurrent Liabilities
Long-term debt and lease obligation55    988 
Long-term debt, excluding current maturities     988 
Operating lease, liability55
Liabilities, other than long-term debt12093143181218235394
Deferred tax liabilities, net03763132152310
Other liabilities12093105118868384
Other undisclosed noncurrent liabilities1,514919558983989  
Total noncurrent liabilities:1,6891,0137011,1651,2071,223394
Total liabilities:2,1801,4481,1041,6061,6261,597719
Stockholders' equity
Stockholders' equity attributable to parent4,3394,3604,6784,7764,8975,0006,173
Common stock 4,6875,1675,2375,3575,4436,584
Accumulated other comprehensive loss(7)(7)(5)(3)(4)(3)(0)
Accumulated deficit(37)(321)(484)(459)(456)(440)(411)
Other undisclosed stockholders' equity attributable to parent4,383      
Total stockholders' equity:4,3394,3604,6784,7764,8975,0006,173
TOTAL LIABILITIES AND EQUITY:6,5205,8085,7826,3826,5226,5976,892

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

12/31/2019
TTM
3/31/2019
6/30/2018
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues3,1323,090 2,9743,0332,6111,711
Revenue, net 2,9743,0332,6111,711
Cost of revenue
(Cost of Goods and Services Sold)
(1,880)(1,895) (1,827)(1,897)(1,561)(1,022)
Gross profit:1,2531,195 1,1471,1361,050689
Operating expenses(867)(979) (1,077)(1,047)(1,038)(567)
Other operating expense, net      (59)
Other undisclosed operating income      59
Operating income:385216 708812122
Nonoperating income (expense)47(81) 6(2)80
Investment income, nonoperating1111 7120
Foreign currency transaction gain, before tax      0
Other nonoperating income (expense)36(92) (1)(3)6(0)
Interest and debt expense(52)(44) (60)(59)(23)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (0)
Income (loss) from continuing operations before equity method investments, income taxes:38192 1727(3)121
Income from equity method investments      0
Income (loss) from continuing operations before income taxes:38192 1727(3)121
Income tax expense (benefit)(35)41 (57)(44)(26)75
Net income (loss):345133 (40)(17)(29)197
Other undisclosed net loss attributable to parent      (0)
Net income (loss) available to common stockholders, diluted:345133 (40)(17)(29)196

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
6/30/2018
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):345133 (40)(17)(29)197
Other comprehensive income (loss)(1)(4) 2(1)(3)1
Comprehensive income (loss):345129 (39)(18)(32)197
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income (loss), net of tax, attributable to parent:345129 (39)(18)(32)197

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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