Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of QUALCOMM.
Income Statement
| Breakdown | September 29, 2024 | September 24, 2023 | September 25, 2022 | September 26, 2021 | September 27, 2020 | September 29, 2019 | September 30, 2018 | September 24, 2017 | September 25, 2016 | September 27, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.96B | $35.82B | $44.20B | $33.57B | $23.53B | $24.27B | $22.73B | $22.29B | $23.55B | $25.28B |
| Cost of Revenue | $17.06B | $15.87B | $18.64B | $14.26B | $9.26B | $8.60B | $10.24B | $9.79B | $9.75B | $10.38B |
| Gross Profit | $21.90B | $19.95B | $25.57B | $19.30B | $14.28B | $15.67B | $12.49B | $12.50B | $13.80B | $14.90B |
| Gross Profit Ratio | 56.21% | 55.70% | 57.84% | 57.51% | 60.67% | 64.57% | 54.94% | 56.07% | 58.61% | 58.95% |
| Research and Development Expenses | $8.89B | $8.82B | $8.19B | $7.18B | $5.97B | $5.40B | $5.62B | $5.49B | $5.15B | $5.49B |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $2.76B | $2.48B | $2.57B | $2.34B | $2.07B | $2.19B | $2.99B | $2.66B | $2.38B | $2.34B |
| Other Expenses | $179.00M | $86.00M | $-1.06B | $130.00M | $-28.00M | $414.00M | $3.13B | $1.74B | $-226.00M | $1.29B |
| Operating Expenses | $11.83B | $12.16B | $9.71B | $9.52B | $8.02B | $8.01B | $11.75B | $9.88B | $7.31B | $9.13B |
| Cost and Expenses | $28.89B | $28.03B | $28.34B | $23.78B | $17.28B | $16.61B | $21.99B | $19.68B | $17.06B | $19.50B |
| Interest Income | $675.00M | $313.00M | $91.00M | $83.00M | $156.00M | $316.00M | $625.00M | $619.00M | $611.00M | $527.00M |
| Interest Expense | $697.00M | $694.00M | $490.00M | $559.00M | $602.00M | $627.00M | $768.00M | $494.00M | $297.00M | $104.00M |
| Depreciation and Amortization | $1.71B | $1.81B | $1.76B | $1.58B | $1.39B | $1.40B | $1.56B | $1.46B | $1.43B | $1.21B |
| EBITDA | $12.74B | $10.46B | $16.56B | $11.37B | $7.62B | $9.48B | $5.33B | $6.04B | $8.24B | $8.64B |
| EBITDA Ratio | 32.70% | 29.20% | 37.47% | 33.88% | 32.38% | 39.06% | 23.47% | 27.11% | 34.98% | 34.18% |
| Operating Income | $10.07B | $7.79B | $15.86B | $9.79B | $6.25B | $7.67B | $742.00M | $2.61B | $6.50B | $5.78B |
| Operating Income Ratio | 25.85% | 21.74% | 35.88% | 29.16% | 26.58% | 31.59% | 3.26% | 11.73% | 27.57% | 22.85% |
| Total Other Income Expenses Net | $265.00M | $-345.00M | $-862.00M | $485.00M | $-536.00M | $-186.00M | $-229.00M | $439.00M | $338.00M | $711.00M |
| Income Before Tax | $10.34B | $7.44B | $15.00B | $10.27B | $5.72B | $7.48B | $513.00M | $3.02B | $6.83B | $6.49B |
| Income Before Tax Ratio | 26.53% | 20.78% | 33.93% | 30.61% | 24.30% | 30.82% | 2.26% | 13.55% | 29.01% | 25.66% |
| Income Tax Expense | $226.00M | $104.00M | $2.01B | $1.23B | $521.00M | $3.10B | $5.38B | $555.00M | $1.13B | $1.22B |
| Net Income | $10.14B | $7.23B | $12.94B | $9.04B | $5.20B | $4.39B | $-4.86B | $2.47B | $5.71B | $5.27B |
| Net Income Ratio | 26.03% | 20.19% | 29.27% | 26.94% | 22.09% | 18.07% | -21.40% | 11.06% | 24.22% | 20.85% |
| EPS | $9.09 | $6.47 | $11.52 | $8.00 | $4.58 | $3.62 | $-3.32 | $1.66 | $3.84 | $3.26 |
| EPS Diluted | $8.98 | $6.42 | $11.38 | $7.87 | $4.52 | $3.60 | $-3.32 | $1.64 | $3.81 | $3.22 |
| Weighted Average Shares Outstanding | 1.12B | 1.12B | 1.12B | 1.13B | 1.14B | 1.21B | 1.46B | 1.48B | 1.48B | 1.62B |
| Weighted Average Shares Outstanding Diluted | 1.13B | 1.13B | 1.14B | 1.15B | 1.15B | 1.22B | 1.46B | 1.49B | 1.50B | 1.64B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | September 29, 2024 | September 24, 2023 | September 25, 2022 | September 26, 2021 | September 27, 2020 | September 29, 2019 | September 30, 2018 | September 24, 2017 | September 25, 2016 | September 27, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.85B | $8.45B | $2.77B | $7.12B | $6.71B | $11.84B | $11.78B | $35.03B | $5.95B | $7.56B |
| Short Term Investments | $5.45B | $2.87B | $3.61B | $5.30B | $4.51B | $421.00M | $311.00M | $2.28B | $12.70B | $9.76B |
| Cash and Short Term Investments | $13.30B | $11.32B | $6.38B | $12.41B | $11.21B | $12.26B | $12.09B | $37.31B | $18.65B | $17.32B |
| Net Receivables | $3.93B | $3.18B | $5.64B | $3.58B | $4.00B | $2.47B | $2.90B | $3.63B | $2.22B | $1.96B |
| Inventory | $6.42B | $6.42B | $6.34B | $3.23B | $2.60B | $1.40B | $1.69B | $2.04B | $1.56B | $1.49B |
| Other Current Assets | $1.58B | $1.53B | $1.66B | $854.00M | $704.00M | $634.00M | $699.00M | $618.00M | $558.00M | $1.32B |
| Total Current Assets | $25.23B | $22.46B | $20.72B | $20.07B | $18.52B | $16.77B | $17.38B | $43.59B | $22.98B | $22.10B |
| Property Plant Equipment Net | $4.67B | $5.04B | $5.17B | $4.56B | $3.71B | $3.08B | $2.98B | $3.22B | $2.31B | $2.53B |
| Goodwill | $10.80B | $10.64B | $10.51B | $7.25B | $6.32B | $6.28B | $6.50B | $6.62B | $5.68B | $5.48B |
| Intangible Assets | $1.24B | $1.41B | $1.88B | $1.46B | $1.65B | $2.17B | $2.96B | $3.74B | $3.50B | $3.74B |
| Goodwill and Intangible Assets | $12.04B | $12.05B | $12.39B | $8.70B | $7.98B | $8.45B | $9.45B | $10.36B | $9.18B | $9.22B |
| Long Term Investments | $- | $1.38B | $1.29B | $1.37B | $982.00M | $1.13B | $35.00M | $1.27B | $13.70B | $13.63B |
| Tax Assets | $5.16B | $3.31B | $1.80B | $1.59B | $1.35B | $1.20B | $904.00M | $2.90B | $2.03B | $1.45B |
| Other Non-Current Assets | $8.05B | $6.80B | $7.63B | $4.94B | $3.06B | $2.33B | $1.94B | $4.15B | $2.16B | $1.86B |
| Total Non-Current Assets | $29.92B | $28.58B | $28.29B | $21.16B | $17.07B | $16.19B | $15.30B | $21.89B | $29.38B | $28.70B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $55.15B | $51.04B | $49.01B | $41.24B | $35.59B | $32.96B | $32.69B | $65.49B | $52.36B | $50.80B |
| Account Payables | $2.58B | $1.91B | $3.80B | $2.75B | $2.25B | $1.37B | $1.82B | $1.97B | $1.86B | $1.30B |
| Short Term Debt | $1.36B | $1.01B | $2.05B | $2.17B | $500.00M | $2.50B | $1.00B | $2.50B | $1.75B | $1.00B |
| Tax Payables | $1.08B | $1.72B | $634.00M | $862.00M | $549.00M | $480.00M | $453.00M | $- | $- | $- |
| Deferred Revenue | $297.00M | $293.00M | $369.00M | $612.00M | $568.00M | $565.00M | $500.00M | $502.00M | $509.00M | $583.00M |
| Other Current Liabilities | $5.18B | $4.69B | $5.02B | $5.56B | $4.81B | $4.03B | $7.61B | $5.94B | $3.19B | $3.21B |
| Total Current Liabilities | $10.50B | $9.63B | $11.87B | $11.95B | $8.67B | $8.94B | $11.24B | $10.91B | $7.31B | $6.10B |
| Long Term Debt | $13.27B | $15.05B | $14.11B | $14.13B | $15.71B | $13.44B | $15.37B | $19.40B | $10.01B | $9.97B |
| Deferred Revenue Non-Current | $- | $99.00M | $144.00M | $364.00M | $761.00M | $1.16B | $1.62B | $2.00B | $2.38B | $2.50B |
| Deferred Tax Liabilities Non-Current | $- | $1.12B | $2.27B | $1.71B | $1.87B | $2.09B | $2.31B | $233.00M | $169.00M | $- |
| Other Non-Current Liabilities | $5.11B | $4.68B | $2.61B | $4.85B | $4.37B | $4.52B | $3.25B | $2.43B | $895.00M | $817.00M |
| Total Non-Current Liabilities | $18.38B | $19.83B | $19.14B | $19.34B | $20.84B | $19.11B | $20.52B | $23.83B | $13.28B | $13.28B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $28.88B | $29.46B | $31.00B | $31.29B | $29.52B | $28.05B | $31.76B | $34.74B | $20.59B | $19.38B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $490.00M | $195.00M | $- | $586.00M | $343.00M | $- | $274.00M | $414.00M | $- |
| Retained Earnings | $25.69B | $20.73B | $17.84B | $9.82B | $5.28B | $4.47B | $663.00M | $30.09B | $30.94B | $31.23B |
| Accumulated Other Comprehensive Income Loss | $587.00M | $358.00M | $-22.00M | $128.00M | $207.00M | $100.00M | $265.00M | $384.00M | $428.00M | $195.00M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $26.27B | $21.58B | $18.01B | $9.95B | $6.08B | $4.91B | $928.00M | $30.75B | $31.78B | $31.42B |
| Total Equity | $26.27B | $21.58B | $18.01B | $9.95B | $6.08B | $4.91B | $928.00M | $30.75B | $31.77B | $31.41B |
| Total Liabilities and Stockholders Equity | $55.15B | $51.04B | $49.01B | $41.24B | $35.59B | $32.96B | $32.69B | $65.49B | $52.36B | $50.80B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $-10.00M | $-7.00M |
| Total Liabilities and Total Equity | $55.15B | $51.04B | $49.01B | $41.24B | $35.59B | $32.96B | $32.69B | $65.49B | $52.36B | $50.80B |
| Total Investments | $5.45B | $2.87B | $3.61B | $5.30B | $4.51B | $421.00M | $346.00M | $3.55B | $26.40B | $23.39B |
| Total Debt | $14.63B | $15.40B | $15.48B | $15.74B | $15.73B | $15.93B | $16.37B | $21.89B | $11.76B | $10.97B |
| Net Debt | $6.79B | $6.95B | $12.71B | $8.63B | $9.02B | $4.09B | $4.59B | $-13.14B | $5.81B | $3.41B |
Cash Flow Statement
| Breakdown | September 29, 2024 | September 24, 2023 | September 25, 2022 | September 26, 2021 | September 27, 2020 | September 29, 2019 | September 30, 2018 | September 24, 2017 | September 25, 2016 | September 27, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $10.11B | $7.34B | $12.99B | $9.04B | $5.20B | $4.39B | $-4.86B | $2.46B | $5.70B | $5.27B |
| Depreciation and Amortization | $1.71B | $1.81B | $1.76B | $1.58B | $1.39B | $1.40B | $1.56B | $1.46B | $1.43B | $1.21B |
| Deferred Income Tax | $-3.06B | $-1.27B | $-138.00M | $-245.00M | $-309.00M | $1.98B | $4.50B | $-400.00M | $-200.00M | $47.00M |
| Stock Based Compensation | $2.65B | $2.48B | $2.03B | $1.66B | $1.21B | $1.04B | $883.00M | $914.00M | $943.00M | $1.03B |
| Change in Working Capital | $- | $1.15B | $-7.80B | $-461.00M | $-1.61B | $-1.22B | $1.46B | $424.00M | $-153.00M | $-1.95B |
| Accounts Receivables | $-768.00M | $2.47B | $-2.07B | $426.00M | $-1.53B | $1.37B | $734.00M | $-1.10B | $-232.00M | $550.00M |
| Inventory | $13.00M | $8.00M | $-3.14B | $-622.00M | $-1.16B | $273.00M | $337.00M | $-200.00M | $-49.00M | $93.00M |
| Accounts Payables | $682.00M | $-1.88B | $1.04B | $495.00M | $907.00M | $-443.00M | $-94.00M | $-45.00M | $541.00M | $-908.00M |
| Other Working Capital | $- | $548.00M | $-3.63B | $-760.00M | $172.00M | $-2.43B | $483.00M | $1.77B | $-413.00M | $-1.68B |
| Other Non Cash Items | $802.00M | $-212.00M | $255.00M | $-1.05B | $-73.00M | $-290.00M | $353.00M | $-171.00M | $-320.00M | $-102.00M |
| Net Cash Provided by Operating Activities | $12.20B | $11.30B | $9.10B | $10.54B | $5.81B | $7.29B | $3.90B | $4.69B | $7.40B | $5.51B |
| Investments in Property Plant and Equipment | $-1.04B | $-1.45B | $-2.26B | $-1.89B | $-1.41B | $-887.00M | $-784.00M | $-690.00M | $-539.00M | $-994.00M |
| Acquisitions Net | $-254.00M | $-235.00M | $-4.91B | $-1.38B | $-185.00M | $-252.00M | $-326.00M | $-1.54B | $-812.00M | $-3.00B |
| Purchases of Investments | $-5.42B | $-668.00M | $-1.41B | $-5.91B | $-6.21B | $887.00M | $-5.99B | $-19.77B | $-18.19B | $-16.56B |
| Sales Maturities of Investments | $2.68B | $1.59B | $2.75B | $5.88B | $2.50B | $207.00M | $9.46B | $42.42B | $15.62B | $16.74B |
| Other Investing Activities | $413.00M | $1.53B | $30.00M | $-59.00M | $43.00M | $-761.00M | $2.02B | $-1.95B | $440.00M | $241.00M |
| Net Cash Used for Investing Activities | $-3.62B | $762.00M | $-5.80B | $-3.36B | $-5.26B | $-806.00M | $4.38B | $18.46B | $-3.49B | $-3.57B |
| Debt Repayment | $-914.00M | $-64.00M | $-415.00M | $1.00M | $-229.00M | $-503.00M | $-5.51B | $10.20B | $749.00M | $10.94B |
| Common Stock Issued | $383.00M | $434.00M | $356.00M | $347.00M | $329.00M | $414.00M | $603.00M | $497.00M | $668.00M | $787.00M |
| Common Stock Repurchased | $-4.12B | $-2.97B | $-3.13B | $-3.37B | $-2.45B | $-1.79B | $-22.58B | $-1.34B | $-3.92B | $-11.25B |
| Dividends Paid | $-3.69B | $-3.46B | $-3.21B | $-3.01B | $-2.88B | $-2.97B | $-3.47B | $-3.25B | $-2.99B | $-2.88B |
| Other Financing Activities | $-930.00M | $-598.00M | $-796.00M | $-772.00M | $-475.00M | $-1.54B | $-548.00M | $-226.00M | $-26.00M | $141.00M |
| Net Cash Used Provided by Financing Activities | $-9.27B | $-6.66B | $-7.20B | $-6.80B | $-5.71B | $-6.39B | $-31.49B | $5.88B | $-5.52B | $-2.26B |
| Effect of Forex Changes on Cash | $12.00M | $30.00M | $-113.00M | $27.00M | $24.00M | $-32.00M | $-41.00M | $48.00M | $-4.00M | $-20.00M |
| Net Change in Cash | $-678.00M | $5.43B | $-4.02B | $409.00M | $-5.13B | $62.00M | $-23.25B | $29.08B | $-1.61B | $-347.00M |
| Cash at End of Period | $7.85B | $8.53B | $3.10B | $7.12B | $6.71B | $11.84B | $11.78B | $35.03B | $5.95B | $7.56B |
| Cash at Beginning of Period | $8.53B | $3.10B | $7.12B | $6.71B | $11.84B | $11.78B | $35.03B | $5.95B | $7.56B | $7.91B |
| Operating Cash Flow | $12.20B | $11.30B | $9.10B | $10.54B | $5.81B | $7.29B | $3.90B | $4.69B | $7.40B | $5.51B |
| Capital Expenditure | $-1.04B | $-1.45B | $-2.26B | $-1.89B | $-1.41B | $-887.00M | $-784.00M | $-690.00M | $-539.00M | $-994.00M |
| Free Cash Flow | $11.16B | $9.85B | $6.83B | $8.65B | $4.41B | $6.40B | $3.11B | $4.00B | $6.86B | $4.51B |