QCOM FY 2009 Earnings Report — QUALCOMM Incorporated Revenue & Financial Results | Market Cap Arena

QUALCOMM IncorporatedQCOM

FY 2009 Earnings

Reported November 4, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$10.4B	—	$11.1B	—	-6.5%
Op. Income	$2.2B	—	$3.7B	—	-40.3%
Gross Margin	69.5%	—	69.4%	—	0.1pp
Net Margin	15.3%	—	28.4%	—	-13.1pp
EPS (Diluted)	$0.95	—	$1.90	—	-50.0%
Free Cash Flow	$6.4B	—	$2.2B	—	196.7%

Revenue Flow

Item	Amount
REVENUE	$10.4B
Cost of Revenue	$3.2B
GROSS PROFIT	$7.2B
R&D Expenses	$2.4B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$1.0B
Operating Expenses	$5.0B
Cost & Expenses	$8.2B
OPERATING INCOME	$2.2B
Interest Income	$516M
Interest Expense	$24M
Other Income/Expenses	-$150M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$484M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	-$200M
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$635M
EBIT	$2.4B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$10.4B
Cost of Revenue	$3.2B
GROSS PROFIT	$7.2B
R&D Expenses	$2.4B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$1.0B
Operating Expenses	$5.0B
Cost & Expenses	$8.2B
OPERATING INCOME	$2.2B
Interest Income	$516M
Interest Expense	$24M
Other Income/Expenses	-$150M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$484M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	-$200M
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$635M
EBIT	$2.4B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$635M
Stock-Based Compensation	$584M
Deferred Income Tax	-$33M
Other Non-Cash Items	$401M
Change in Working Capital	$4.0B
OPERATING CASH FLOW	$7.2B
Capital Expenditure	-$761M
Acquisitions (Net)	-$54M
Purchases of Investments	-$10.5B
Sales/Maturities of Investments	$5.6B
Other Investing Activities	$232M
NET CASH FROM INVESTING	-$5.5B
Net Debt Issuance	$0
Common Stock Repurchased	-$285M
Common Dividends Paid	-$1.1B
Other Financing Activities	-$97M
NET CASH FROM FINANCING	-$833M
FREE CASH FLOW	$6.4B
Net Change in Cash	$877M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.7B
Short-Term Investments	$8.4B
Net Receivables	$700M
Inventory	$453M
Other Current Assets	$348M
TOTAL CURRENT ASSETS	$12.6B
PP&E (Net)	$2.4B
Goodwill	$1.5B
Intangible Assets	$3.1B
Long-Term Investments	$6.7B
Tax Assets	$843M
Other Non-Current Assets	$415M
TOTAL NON-CURRENT ASSETS	$14.9B
TOTAL ASSETS	$27.4B
Account Payables	$636M
Short-Term Debt	$0
Deferred Revenue	$441M
Other Current Liabilities	$726M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$0
Deferred Revenue NC	$3.5B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$852M
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$7.1B
Common Stock	$0
Additional Paid-In Capital	$8.5B
Retained Earnings	$11.2B
Treasury Stock	$0
Accum. Other Comp. Income	$588M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.3B
Minority Interest	$0
TOTAL EQUITY	$20.3B
TOTAL LIABILITIES & EQUITY	$27.4B
Total Debt	$0
Net Debt	-$2.7B