QCOM Q4 2016 Earnings Report — QUALCOMM Incorporated Revenue & Financial Results | Market Cap Arena

QUALCOMM IncorporatedQCOM

Q4 2016 Earnings

Reported November 2, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$6.2B	$6.0B	—	2.3%	—
Op. Income	$1.8B	$1.6B	—	13.3%	—
Gross Margin	58.9%	58.1%	—	0.9pp	—
Net Margin	25.9%	23.9%	—	2.0pp	—
EPS (Diluted)	$1.07	$0.97	—	10.3%	—
Free Cash Flow	$1.9B	$1.7B	—	13.5%	—

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$2.5B
GROSS PROFIT	$3.6B
R&D Expenses	$1.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$568M
Other Expenses	$44M
Operating Expenses	$1.8B
Cost & Expenses	$4.4B
OPERATING INCOME	$1.8B
Interest Income	$160M
Interest Expense	$76M
Other Income/Expenses	$156M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$361M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$336M
EBIT	$2.0B
EBITDA	$2.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$2.5B
GROSS PROFIT	$3.6B
R&D Expenses	$1.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$568M
Other Expenses	$44M
Operating Expenses	$1.8B
Cost & Expenses	$4.4B
OPERATING INCOME	$1.8B
Interest Income	$160M
Interest Expense	$76M
Other Income/Expenses	$156M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$361M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$336M
EBIT	$2.0B
EBITDA	$2.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$336M
Stock-Based Compensation	$213M
Deferred Income Tax	$36M
Other Non-Cash Items	-$27M
Change in Working Capital	-$73M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$150M
Acquisitions (Net)	-$149M
Purchases of Investments	-$5.1B
Sales/Maturities of Investments	$4.1B
Other Investing Activities	$12M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$1M
Common Stock Repurchased	-$225M
Common Dividends Paid	-$782M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$757M
FREE CASH FLOW	$1.9B
Net Change in Cash	$61M

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