QCOM Q3 2016 Earnings Report — QUALCOMM Incorporated Revenue & Financial Results | Market Cap Arena

QUALCOMM IncorporatedQCOM

Q3 2016 Earnings

Reported July 20, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$6.0B	$5.6B	—	8.9%	—
Op. Income	$1.6B	$1.4B	—	12.5%	—
Gross Margin	58.1%	61.4%	—	-3.4pp	—
Net Margin	23.9%	21.0%	—	2.9pp	—
EPS (Diluted)	$0.97	$0.78	—	24.4%	—
Free Cash Flow	$1.7B	$612M	—	178.4%	—

Revenue Flow

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$2.5B
GROSS PROFIT	$3.5B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$620M
Other Expenses	$2M
Operating Expenses	$1.9B
Cost & Expenses	$4.5B
OPERATING INCOME	$1.6B
Interest Income	$156M
Interest Expense	$75M
Other Income/Expenses	$101M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$250M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$356M
EBIT	$1.7B
EBITDA	$2.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$2.5B
GROSS PROFIT	$3.5B
R&D Expenses	$1.3B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$620M
Other Expenses	$2M
Operating Expenses	$1.9B
Cost & Expenses	$4.5B
OPERATING INCOME	$1.6B
Interest Income	$156M
Interest Expense	$75M
Other Income/Expenses	$101M
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$250M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$356M
EBIT	$1.7B
EBITDA	$2.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$356M
Stock-Based Compensation	$236M
Deferred Income Tax	-$47M
Other Non-Cash Items	-$38M
Change in Working Capital	-$110M
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$136M
Acquisitions (Net)	-$40M
Purchases of Investments	-$5.2B
Sales/Maturities of Investments	$4.5B
Other Investing Activities	$47M
NET CASH FROM INVESTING	-$794M
Net Debt Issuance	-$200M
Common Stock Repurchased	-$100M
Common Dividends Paid	-$781M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$943M
FREE CASH FLOW	$1.7B
Net Change in Cash	$110M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.9B
Short-Term Investments	$11.2B
Net Receivables	$1.9B
Inventory	$1.3B
Other Current Assets	$592M
TOTAL CURRENT ASSETS	$21.0B
PP&E (Net)	$2.3B
Goodwill	$5.7B
Intangible Assets	$3.7B
Long-Term Investments	$13.9B
Tax Assets	$2.1B
Other Non-Current Assets	$2.1B
TOTAL NON-CURRENT ASSETS	$29.8B
TOTAL ASSETS	$50.8B
Account Payables	$1.6B
Short-Term Debt	$1.7B
Deferred Revenue	$535M
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$6.8B
Long-Term Debt	$10.0B
Deferred Revenue NC	$2.4B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$855M
TOTAL NON-CURRENT LIABILITIES	$13.3B
TOTAL LIABILITIES	$20.1B
Common Stock	$169M
Additional Paid-In Capital	$0
Retained Earnings	$30.1B
Treasury Stock	$0
Accum. Other Comp. Income	$344M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$30.6B
Minority Interest	-$9M
TOTAL EQUITY	$30.6B
TOTAL LIABILITIES & EQUITY	$50.8B
Total Debt	$11.8B
Net Debt	$5.9B