QCOM Q1 2019 Earnings Report — QUALCOMM Incorporated Revenue & Financial Results | Market Cap Arena

QUALCOMM IncorporatedQCOM

Q1 2019 Earnings

Reported January 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$4.8B	$5.8B	$6.1B	-16.6%	-20.2%
Op. Income	$710M	-$653M	$29M	208.7%	2348.3%
Gross Margin	54.8%	50.9%	56.1%	3.9pp	-1.3pp
Net Margin	22.1%	-8.5%	-98.1%	30.6pp	120.2pp
EPS (Diluted)	$0.87	$-0.35	$-4.03	348.6%	121.6%
Free Cash Flow	$204M	-$595M	$1.5B	134.3%	-86.7%

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.7B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$526M
Other Expenses	$149M
Operating Expenses	$1.9B
Cost & Expenses	$4.1B
OPERATING INCOME	$710M
Interest Income	$74M
Interest Expense	$156M
Other Income/Expenses	-$151M
INCOME BEFORE TAX	$559M
Income Tax Expense	-$509M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$353M
EBIT	$859M
EBITDA	$1.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.7B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$526M
Other Expenses	$149M
Operating Expenses	$1.9B
Cost & Expenses	$4.1B
OPERATING INCOME	$710M
Interest Income	$74M
Interest Expense	$156M
Other Income/Expenses	-$151M
INCOME BEFORE TAX	$559M
Income Tax Expense	-$509M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$353M
EBIT	$859M
EBITDA	$1.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$353M
Stock-Based Compensation	$230M
Deferred Income Tax	-$663M
Other Non-Cash Items	$160M
Change in Working Capital	-$792M
OPERATING CASH FLOW	$356M
Capital Expenditure	-$152M
Acquisitions (Net)	-$56M
Purchases of Investments	$46M
Sales/Maturities of Investments	$58M
Other Investing Activities	-$48M
NET CASH FROM INVESTING	-$152M
Net Debt Issuance	-$6M
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$750M
Other Financing Activities	-$140M
NET CASH FROM FINANCING	-$1.9B
FREE CASH FLOW	$204M
Net Change in Cash	-$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$10.1B
Short-Term Investments	$249M
Net Receivables	$3.4B
Inventory	$1.7B
Other Current Assets	$855M
TOTAL CURRENT ASSETS	$16.3B
PP&E (Net)	$2.9B
Goodwill	$6.3B
Intangible Assets	$2.7B
Long-Term Investments	$0
Tax Assets	$3.9B
Other Non-Current Assets	$2.1B
TOTAL NON-CURRENT ASSETS	$18.0B
TOTAL ASSETS	$34.2B
Account Payables	$1.4B
Short-Term Debt	$998M
Deferred Revenue	$484M
Other Current Liabilities	$6.3B
TOTAL CURRENT LIABILITIES	$10.6B
Long-Term Debt	$15.4B
Deferred Revenue NC	$1.4B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3.3B
TOTAL NON-CURRENT LIABILITIES	$20.1B
TOTAL LIABILITIES	$30.6B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$3.4B
Treasury Stock	$0
Accum. Other Comp. Income	$202M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$0
TOTAL EQUITY	$3.6B
TOTAL LIABILITIES & EQUITY	$34.2B
Total Debt	$16.4B
Net Debt	$6.3B