QCOM FY 2017 Earnings Report — QUALCOMM Incorporated Revenue & Financial Results | Market Cap Arena

QUALCOMM IncorporatedQCOM

FY 2017 Earnings

Reported November 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$22.3B	—	$23.6B	—	-5.4%
Op. Income	$2.6B	—	$6.5B	—	-60.3%
Gross Margin	56.1%	—	58.6%	—	-2.5pp
Net Margin	11.1%	—	24.2%	—	-13.2pp
EPS (Diluted)	$1.64	—	$3.81	—	-57.0%
Free Cash Flow	$4.0B	—	$6.9B	—	-41.7%

Revenue Flow

Item	Amount
REVENUE	$22.3B
Cost of Revenue	$9.8B
GROSS PROFIT	$12.5B
R&D Expenses	$5.5B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$1.7B
Operating Expenses	$9.9B
Cost & Expenses	$19.7B
OPERATING INCOME	$2.6B
Interest Income	$619M
Interest Expense	$494M
Other Income/Expenses	$439M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$555M
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$21M
NET INCOME	$2.5B
Net Income Deductions	$21M
BOTTOM LINE NET INCOME	$2.4B
D&A	$1.5B
EBIT	$3.5B
EBITDA	$5.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$22.3B
Cost of Revenue	$9.8B
GROSS PROFIT	$12.5B
R&D Expenses	$5.5B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$1.7B
Operating Expenses	$9.9B
Cost & Expenses	$19.7B
OPERATING INCOME	$2.6B
Interest Income	$619M
Interest Expense	$494M
Other Income/Expenses	$439M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$555M
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$21M
NET INCOME	$2.5B
Net Income Deductions	$21M
BOTTOM LINE NET INCOME	$2.4B
D&A	$1.5B
EBIT	$3.5B
EBITDA	$5.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.5B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$914M
Deferred Income Tax	-$400M
Other Non-Cash Items	-$171M
Change in Working Capital	$424M
OPERATING CASH FLOW	$4.7B
Capital Expenditure	-$690M
Acquisitions (Net)	-$1.5B
Purchases of Investments	-$19.8B
Sales/Maturities of Investments	$42.4B
Other Investing Activities	-$2.0B
NET CASH FROM INVESTING	$18.5B
Net Debt Issuance	$10.2B
Common Stock Repurchased	-$1.3B
Common Dividends Paid	-$3.3B
Other Financing Activities	-$226M
NET CASH FROM FINANCING	$5.9B
FREE CASH FLOW	$4.0B
Net Change in Cash	$29.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$35.0B
Short-Term Investments	$2.3B
Net Receivables	$3.6B
Inventory	$2.0B
Other Current Assets	$618M
TOTAL CURRENT ASSETS	$43.6B
PP&E (Net)	$3.2B
Goodwill	$6.6B
Intangible Assets	$3.7B
Long-Term Investments	$1.3B
Tax Assets	$2.9B
Other Non-Current Assets	$4.1B
TOTAL NON-CURRENT ASSETS	$21.9B
TOTAL ASSETS	$65.5B
Account Payables	$2.0B
Short-Term Debt	$2.5B
Deferred Revenue	$502M
Other Current Liabilities	$4.8B
TOTAL CURRENT LIABILITIES	$10.9B
Long-Term Debt	$19.4B
Deferred Revenue NC	$2.0B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$23.8B
TOTAL LIABILITIES	$34.7B
Common Stock	$274M
Additional Paid-In Capital	$0
Retained Earnings	$30.1B
Treasury Stock	$0
Accum. Other Comp. Income	$384M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$30.7B
Minority Interest	$0
TOTAL EQUITY	$30.7B
TOTAL LIABILITIES & EQUITY	$65.5B
Total Debt	$21.9B
Net Debt	-$13.1B