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
TTM
3/31/2021
3/31/2020
3/31/2019
6/30/2018
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9891,398715711392926545
Cash and cash equivalents9891,398715711334926545
Short-term investments    58  
Receivables632461373384361346358
Inventory, net of allowances, customer advances and progress billings710508517512502472430
Inventory710508517512502472430
Prepaid expense44423826252436
Other current assets58523836353126
Other undisclosed current assets12241016544565
Total current assets:2,4462,4841,6911,6851,3681,8441,462
Noncurrent Assets
Property, plant and equipment1,2671,2661,2591,3671,3691,3741,392
Long-term investments and receivables38352398806435
Long-term investments38352398806435
Intangible assets, net (including goodwill)3,5433,2543,4232,5822,9033,0343,574
Goodwill2,8252,6432,6142,1742,1742,1742,174
Intangible assets, net (excluding goodwill)7186118094087298601,401
Other noncurrent assets33318216577636659
Total noncurrent assets:5,1814,7384,8704,1234,4154,5385,061
TOTAL ASSETS:7,6277,2216,5615,8085,7826,3826,522
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities586569465394353380387
Accounts payable358314247233219213216
Accrued liabilities228255218161134167171
Debt 57    
Other liabilities881086742516132
Total current liabilities:673682539436403441419
Noncurrent Liabilities
Long-term debt and lease obligation  58    
Operating lease, liability  58
Liabilities, other than long-term debt23916816293143181218
Deferred tax liabilities, net03763132
Other liabilities2391681629310511886
Other undisclosed noncurrent liabilities2,0471,7431,509919558983989
Total noncurrent liabilities:2,2861,9101,7291,0137011,1651,207
Total liabilities:2,9592,5922,2681,4481,1041,6061,626
Stockholders' equity
Stockholders' equity attributable to parent, including:4,6674,6294,2934,3604,6784,7764,897
Common stock   4,6875,1675,2375,357
Accumulated other comprehensive income (loss)15302(7)(5)(3)(4)
Retained earnings (accumulated deficit)533355 (321)(484)(459)(456)
Other undisclosed stockholders' equity attributable to parent4,1194,2454,290    
Total stockholders' equity:4,6674,6294,2934,3604,6784,7764,897
TOTAL LIABILITIES AND EQUITY:7,6277,2216,5615,8085,7826,3826,522

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
6/30/2018
3/31/2018
3/31/2017
Revenues5,0434,0153,2393,090 2,9743,033
Revenue, net 2,9743,033
Cost of revenue
(Cost of Goods and Services Sold)
(2,430)(2,132)(1,917)(1,895) (1,827)(1,897)
Gross profit:2,6131,8841,3221,195 1,1471,136
Operating expenses(1,072)(977)(899)(979) (1,077)(1,047)
Operating income:1,541907423216 7088
Nonoperating income (expense)(51)(24)20(81) 6(2)
Investment income, nonoperating   11 71
Other nonoperating income (expense)24(24)20(92) (1)(3)
Interest and debt expense(80)(75)(60)(44) (60)(59)
Other undisclosed income from continuing operations before equity method investments, income taxes  12    
Income from continuing operations before income taxes:1,41180739592 1727
Income tax expense (benefit)(140)(74)(61)41 (57)(44)
Net income (loss) available to common stockholders, diluted:1,271734334133 (40)(17)

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
6/30/2018
3/31/2018
3/31/2017
Net income (loss):1,271734334133 (40)(17)
Other comprehensive income (loss)13279(4) 2(1)
Comprehensive income (loss), net of tax, attributable to parent:1,283761343129 (39)(18)

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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