QCOM Q3 2018 Earnings Report — QUALCOMM Incorporated Revenue & Financial Results | Market Cap Arena

QUALCOMM IncorporatedQCOM

Q3 2018 Earnings

Reported July 25, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$5.6B	$5.3B	$5.4B	6.4%	4.2%
Op. Income	$903M	$441M	$773M	104.8%	16.8%
Gross Margin	55.5%	57.4%	53.7%	-1.9pp	1.8pp
Net Margin	21.8%	6.9%	16.1%	14.9pp	5.6pp
EPS (Diluted)	$0.81	$0.22	$0.58	268.2%	39.7%
Free Cash Flow	$1.8B	$331M	-$95M	455.6%	2035.8%

Revenue Flow

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$2.5B
GROSS PROFIT	$3.1B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$655M
Other Expenses	$112M
Operating Expenses	$2.2B
Cost & Expenses	$4.7B
OPERATING INCOME	$903M
Interest Income	$182M
Interest Expense	$212M
Other Income/Expenses	$53M
INCOME BEFORE TAX	$956M
Income Tax Expense	-$263M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$17M
BOTTOM LINE NET INCOME	$1.2B
D&A	$414M
EBIT	$1.1B
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$2.5B
GROSS PROFIT	$3.1B
R&D Expenses	$1.4B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$655M
Other Expenses	$112M
Operating Expenses	$2.2B
Cost & Expenses	$4.7B
OPERATING INCOME	$903M
Interest Income	$182M
Interest Expense	$212M
Other Income/Expenses	$53M
INCOME BEFORE TAX	$956M
Income Tax Expense	-$263M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$17M
BOTTOM LINE NET INCOME	$1.2B
D&A	$414M
EBIT	$1.1B
EBITDA	$1.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$414M
Stock-Based Compensation	$189M
Deferred Income Tax	-$504M
Other Non-Cash Items	-$173M
Change in Working Capital	$908M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$214M
Acquisitions (Net)	-$22M
Purchases of Investments	-$126M
Sales/Maturities of Investments	$1.5B
Other Investing Activities	$2M
NET CASH FROM INVESTING	$1.1B
Net Debt Issuance	-$3.4B
Common Stock Repurchased	-$1.0B
Common Dividends Paid	-$911M
Other Financing Activities	$2.8B
NET CASH FROM FINANCING	-$5.5B
FREE CASH FLOW	$1.8B
Net Change in Cash	-$2.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$35.6B
Short-Term Investments	$291M
Net Receivables	$3.2B
Inventory	$1.8B
Other Current Assets	$3.5B
TOTAL CURRENT ASSETS	$44.3B
PP&E (Net)	$3.1B
Goodwill	$6.6B
Intangible Assets	$3.2B
Long-Term Investments	$35M
Tax Assets	$844M
Other Non-Current Assets	$4.0B
TOTAL NON-CURRENT ASSETS	$17.8B
TOTAL ASSETS	$62.1B
Account Payables	$1.6B
Short-Term Debt	$7.1B
Deferred Revenue	$507M
Other Current Liabilities	$5.1B
TOTAL CURRENT LIABILITIES	$16.2B
Long-Term Debt	$15.4B
Deferred Revenue NC	$1.7B
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5.7B
TOTAL NON-CURRENT LIABILITIES	$22.8B
TOTAL LIABILITIES	$39.0B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$22.7B
Treasury Stock	$0
Accum. Other Comp. Income	$323M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$23.1B
Minority Interest	$0
TOTAL EQUITY	$23.1B
TOTAL LIABILITIES & EQUITY	$62.1B
Total Debt	$22.5B
Net Debt	-$13.1B