QCOM FY 2016 Earnings Report — QUALCOMM Incorporated Revenue & Financial Results | Market Cap Arena

QUALCOMM IncorporatedQCOM

FY 2016 Earnings

Reported November 2, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$23.6B	—	$25.3B	—	-6.8%
Op. Income	$6.5B	—	$5.8B	—	12.4%
Gross Margin	58.6%	—	58.9%	—	-0.3pp
Net Margin	24.2%	—	20.8%	—	3.4pp
EPS (Diluted)	$3.81	—	$3.22	—	18.3%
Free Cash Flow	$6.9B	—	$4.5B	—	52.1%

Revenue Flow

Item	Amount
REVENUE	$23.6B
Cost of Revenue	$9.7B
GROSS PROFIT	$13.8B
R&D Expenses	$5.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.4B
Other Expenses	-$226M
Operating Expenses	$7.3B
Cost & Expenses	$17.1B
OPERATING INCOME	$6.5B
Interest Income	$611M
Interest Expense	$297M
Other Income/Expenses	$338M
INCOME BEFORE TAX	$6.8B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$5.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.7B
D&A	$1.4B
EBIT	$6.8B
EBITDA	$8.2B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$23.6B
Cost of Revenue	$9.7B
GROSS PROFIT	$13.8B
R&D Expenses	$5.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.4B
Other Expenses	-$226M
Operating Expenses	$7.3B
Cost & Expenses	$17.1B
OPERATING INCOME	$6.5B
Interest Income	$611M
Interest Expense	$297M
Other Income/Expenses	$338M
INCOME BEFORE TAX	$6.8B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$5.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.7B
D&A	$1.4B
EBIT	$6.8B
EBITDA	$8.2B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$5.7B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$943M
Deferred Income Tax	-$200M
Other Non-Cash Items	-$320M
Change in Working Capital	-$153M
OPERATING CASH FLOW	$7.4B
Capital Expenditure	-$539M
Acquisitions (Net)	-$812M
Purchases of Investments	-$18.2B
Sales/Maturities of Investments	$15.6B
Other Investing Activities	$440M
NET CASH FROM INVESTING	-$3.5B
Net Debt Issuance	$749M
Common Stock Repurchased	-$3.9B
Common Dividends Paid	-$3.0B
Other Financing Activities	$866M
NET CASH FROM FINANCING	-$5.5B
FREE CASH FLOW	$6.9B
Net Change in Cash	-$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$5.9B
Short-Term Investments	$12.7B
Net Receivables	$2.2B
Inventory	$1.6B
Other Current Assets	$558M
TOTAL CURRENT ASSETS	$23.0B
PP&E (Net)	$2.3B
Goodwill	$5.7B
Intangible Assets	$3.5B
Long-Term Investments	$13.7B
Tax Assets	$2.0B
Other Non-Current Assets	$2.2B
TOTAL NON-CURRENT ASSETS	$29.4B
TOTAL ASSETS	$52.4B
Account Payables	$1.9B
Short-Term Debt	$1.7B
Deferred Revenue	$509M
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$7.3B
Long-Term Debt	$10.0B
Deferred Revenue NC	$2.4B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$895M
TOTAL NON-CURRENT LIABILITIES	$13.3B
TOTAL LIABILITIES	$20.6B
Common Stock	$414M
Additional Paid-In Capital	$0
Retained Earnings	$30.9B
Treasury Stock	$0
Accum. Other Comp. Income	$428M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$31.8B
Minority Interest	-$10M
TOTAL EQUITY	$31.8B
TOTAL LIABILITIES & EQUITY	$52.4B
Total Debt	$11.8B
Net Debt	$5.8B