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)

12/31/2020
TTM
3/31/2020
3/31/2019
6/30/2018
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,234715711392926545613
Cash and cash equivalents1,234715711334926545426
Short-term investments   58  187
Receivables507373384361346358316
Inventory, net of allowances, customer advances and progress billings479517512502472430428
Inventory479517512502472430428
Prepaid expense43382625243664
Other current assets46383635312641
Other undisclosed current assets13101654456547
Total current assets:2,3221,6911,6851,3681,8441,4621,509
Noncurrent Assets
Property, plant and equipment1,2321,2591,3671,3691,3741,3921,047
Long-term investments and receivables31239880643526
Long-term investments31239880643526
Intangible assets, net (including goodwill)3,3073,4232,5822,9033,0343,5743,948
Goodwill2,6512,6142,1742,1742,1742,1742,136
Intangible assets, net (excluding goodwill)6568094087298601,4011,813
Other noncurrent assets1481657763665966
Total noncurrent assets:4,7194,8704,1234,4154,5385,0615,088
TOTAL ASSETS:7,0416,5615,8085,7826,3826,5226,597
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities516465394353380387343
Accounts payable302247233219213216205
Accrued liabilities215218161134167171138
Debt57     
Other liabilities93674251613231
Total current liabilities:614539436403441419374
Noncurrent Liabilities
Long-term debt and lease obligation 58    988
Long-term debt, excluding current maturities      988
Operating lease, liability 58
Liabilities, other than long-term debt18016293143181218235
Deferred tax liabilities, net03763132152
Other liabilities180162931051188683
Other undisclosed noncurrent liabilities1,7441,509919558983989 
Total noncurrent liabilities:1,9241,7291,0137011,1651,2071,223
Total liabilities:2,5382,2681,4481,1041,6061,6261,597
Stockholders' equity
Stockholders' equity attributable to parent, including:4,5044,2934,3604,6784,7764,8975,000
Common stock  4,6875,1675,2375,3575,443
Accumulated other comprehensive income (loss)472(7)(5)(3)(4)(3)
Retained earnings (accumulated deficit)193 (321)(484)(459)(456)(440)
Other undisclosed stockholders' equity attributable to parent4,2634,290     
Total stockholders' equity:4,5044,2934,3604,6784,7764,8975,000
TOTAL LIABILITIES AND EQUITY:7,0416,5615,8085,7826,3826,5226,597

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

12/31/2020
TTM
3/31/2020
3/31/2019
6/30/2018
3/31/2018
3/31/2017
3/31/2016
Revenues3,7723,2393,090 2,9743,0332,611
Revenue, net 2,9743,0332,611
Cost of revenue
(Cost of Goods and Services Sold)
(2,024)(1,917)(1,895) (1,827)(1,897)(1,561)
Gross profit:1,7481,3221,195 1,1471,1361,050
Operating expenses(864)(899)(979) (1,077)(1,047)(1,038)
Operating income:884423216 708812
Nonoperating income (expense)6120(81) 6(2)8
Investment income, nonoperating(8) 11 712
Other nonoperating income (expense)6920(92) (1)(3)6
Interest and debt expense(87)(60)(44) (60)(59)(23)
Other undisclosed income from continuing operations before equity method investments, income taxes1212     
Income (loss) from continuing operations before income taxes:87139592 1727(3)
Income tax expense (benefit)(176)(61)41 (57)(44)(26)
Net income (loss):695334133 (40)(17)(29)
Other undisclosed net income attributable to parent3      
Net income (loss) available to common stockholders, diluted:698334133 (40)(17)(29)

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
6/30/2018
3/31/2018
3/31/2017
3/31/2016
Net income (loss):695334133 (40)(17)(29)
Other comprehensive income (loss)579(4) 2(1)(3)
Comprehensive income (loss):752343129 (39)(18)(32)
Other undisclosed comprehensive income, net of tax, attributable to parent3      
Comprehensive income (loss), net of tax, attributable to parent:755343129 (39)(18)(32)

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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