QCOM FY 2006 Earnings Report — QUALCOMM Incorporated Revenue & Financial Results | Market Cap Arena

QUALCOMM IncorporatedQCOM

FY 2006 Earnings

Reported November 2, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$7.5B	—	—	—	—
Op. Income	$2.7B	—	—	—	—
Gross Margin	71.0%	—	—	—	—
Net Margin	32.8%	—	—	—	—
EPS (Diluted)	$1.44	—	—	—	—
Free Cash Flow	$2.6B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$7.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$5.3B
R&D Expenses	$1.5B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$2.7B
Cost & Expenses	$4.8B
OPERATING INCOME	$2.7B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$466M
INCOME BEFORE TAX	$3.2B
Income Tax Expense	$686M
Net Income from Continuing Ops	$2.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$272M
EBIT	$2.7B
EBITDA	$3.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$7.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$5.3B
R&D Expenses	$1.5B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$2.7B
Cost & Expenses	$4.8B
OPERATING INCOME	$2.7B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$466M
INCOME BEFORE TAX	$3.2B
Income Tax Expense	$686M
Net Income from Continuing Ops	$2.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$272M
EBIT	$2.7B
EBITDA	$3.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2.5B
Depreciation & Amortization	$272M
Stock-Based Compensation	$495M
Deferred Income Tax	-$577M
Other Non-Cash Items	$606M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$3.3B
Capital Expenditure	-$685M
Acquisitions (Net)	-$407M
Purchases of Investments	-$12.9B
Sales/Maturities of Investments	$11.0B
Other Investing Activities	$410M
NET CASH FROM INVESTING	-$2.6B
Net Debt Issuance	$0
Common Stock Repurchased	-$1.5B
Common Dividends Paid	-$698M
Other Financing Activities	$403M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$2.6B
Net Change in Cash	-$463M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$4.1B
Net Receivables	$700M
Inventory	$250M
Other Current Assets	$378M
TOTAL CURRENT ASSETS	$7.0B
PP&E (Net)	$1.5B
Goodwill	$1.2B
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$512M
Other Non-Current Assets	$4.9B
TOTAL NON-CURRENT ASSETS	$8.2B
TOTAL ASSETS	$15.2B
Account Payables	$420M
Short-Term Debt	$0
Deferred Revenue	$197M
Other Current Liabilities	$805M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$0
Deferred Revenue NC	$141M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$239M
TOTAL NON-CURRENT LIABILITIES	$380M
TOTAL LIABILITIES	$1.8B
Common Stock	$0
Additional Paid-In Capital	$7.2B
Retained Earnings	$6.1B
Treasury Stock	$0
Accum. Other Comp. Income	$64M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.4B
Minority Interest	$0
TOTAL EQUITY	$13.4B
TOTAL LIABILITIES & EQUITY	$15.2B
Total Debt	$0
Net Debt	-$1.6B