QCOM FY 2007 Earnings Report — QUALCOMM Incorporated Revenue & Financial Results | Market Cap Arena

QUALCOMM IncorporatedQCOM

FY 2007 Earnings

Reported November 8, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$8.9B	—	$7.5B	—	17.9%
Op. Income	$2.9B	—	$2.7B	—	7.2%
Gross Margin	69.8%	—	71.0%	—	-1.2pp
Net Margin	37.2%	—	32.8%	—	4.4pp
EPS (Diluted)	$1.95	—	$1.44	—	35.4%
Free Cash Flow	$3.0B	—	$2.6B	—	16.5%

Revenue Flow

Item	Amount
REVENUE	$8.9B
Cost of Revenue	$2.7B
GROSS PROFIT	$6.2B
R&D Expenses	$1.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$3.3B
Cost & Expenses	$6.0B
OPERATING INCOME	$2.9B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$743M
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$323M
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$383M
EBIT	$2.9B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$8.9B
Cost of Revenue	$2.7B
GROSS PROFIT	$6.2B
R&D Expenses	$1.8B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$3.3B
Cost & Expenses	$6.0B
OPERATING INCOME	$2.9B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$743M
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$323M
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$383M
EBIT	$2.9B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.3B
Depreciation & Amortization	$383M
Stock-Based Compensation	$0
Deferred Income Tax	-$753M
Other Non-Cash Items	$366M
Change in Working Capital	$24M
OPERATING CASH FLOW	$3.8B
Capital Expenditure	-$818M
Acquisitions (Net)	-$249M
Purchases of Investments	-$8.5B
Sales/Maturities of Investments	$8.0B
Other Investing Activities	-$337M
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$0
Common Stock Repurchased	-$1.5B
Common Dividends Paid	-$862M
Other Financing Activities	$660M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$3.0B
Net Change in Cash	$804M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$4.2B
Net Receivables	$715M
Inventory	$469M
Other Current Assets	$1.1B
TOTAL CURRENT ASSETS	$8.8B
PP&E (Net)	$1.8B
Goodwill	$1.3B
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$318M
Other Non-Current Assets	$6.2B
TOTAL NON-CURRENT ASSETS	$9.7B
TOTAL ASSETS	$18.5B
Account Payables	$635M
Short-Term Debt	$0
Deferred Revenue	$218M
Other Current Liabilities	$975M
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$0
Deferred Revenue NC	$142M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$260M
TOTAL NON-CURRENT LIABILITIES	$402M
TOTAL LIABILITIES	$2.7B
Common Stock	$0
Additional Paid-In Capital	$7.1B
Retained Earnings	$8.5B
Treasury Stock	$0
Accum. Other Comp. Income	$237M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.8B
Minority Interest	$0
TOTAL EQUITY	$15.8B
TOTAL LIABILITIES & EQUITY	$18.5B
Total Debt	$0
Net Debt	-$2.4B