QUALCOMM Incorporated

NasdaqGS-QCOM

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	Sep '14	Sep '15	Sep '16	Sep '17	Sep '18	Sep '19	Sep '20	Sep '21	Sep '22	Sep '23	LTM
Total Revenues						24,273	23,531	33,566	44,200	35,820	37,349
Total Revenues % Chg.						7.4%	-3.1%	42.6%	31.7%	-19%	-3.2%
Cost of Goods Sold, Total						8,599	9,255	14,262	18,635	15,869	16,473
Gross Profit						15,674	14,276	19,304	25,565	19,951	20,876
Selling General & Admin Expenses, Total						2,195	2,074	2,339	2,570	2,483	2,627
R&D Expenses						5,398	5,975	7,176	8,194	8,818	8,726
Other Operating Expenses	—	—	—	—		—	—	—	—	—	-313
Other Operating Expenses, Total						7,593	8,049	9,515	10,764	11,301	11,040
Operating Income						8,081	6,227	9,789	14,801	8,650	9,836
Interest Expense, Total						-627	-602	-559	-490	-694	-690
Interest And Investment Income						300	156	83	91	313	610
Net Interest Expenses						-327	-446	-476	-399	-381	-80
Income (Loss) On Equity Invest.	—					-93	-21	—	—	—	—
Currency Exchange Gains (Loss)	—	—	—			11	-25	—	—	—	—
Other Non Operating Income (Expenses)	—					-5	55	97	-166	72	151
EBT, Excl. Unusual Items						7,667	5,790	9,410	14,236	8,341	9,907
Restructuring Charges						-213	—	—	—	-712	-712
Merger & Related Restructuring Charges				—	—	—	—	—	—	—	—
Impairment of Goodwill			—	—	—	—	—	—	—	—	—
Gain (Loss) On Sale Of Investments	—					228	-99	864	-297	-36	190
Gain (Loss) On Sale Of Assets	—			—	—	—	—	—	—	—	—
Asset Writedown			—		—	—	—	—	—	—	—
In Process R&D Expenses	—	—	—	—	—	—	—	—	—	-150	-150
Legal Settlements		—	—		—	74	28	—	1,059	—	-75
Other Unusual Items	—		—			-275	—	—	—	—	—
EBT, Incl. Unusual Items						7,481	5,719	10,274	14,998	7,443	9,160
Income Tax Expense						3,095	521	1,231	2,012	104	336
Earnings From Continuing Operations						4,386	5,198	9,043	12,986	7,339	8,824
Earnings Of Discontinued Operations		—	—	—	—	—	—	—	-50	-107	-112
Minority Interest					—	—	—	—	—	—	—
Net Income						4,386	5,198	9,043	12,936	7,232	8,712
Net Income to Common Incl Extra Items						4,386	5,198	9,043	12,936	7,232	8,712
Net Income to Common Excl. Extra Items						4,386	5,198	9,043	12,986	7,339	8,824
Total Shares Outstanding						1,145	1,131	1,125	1,121	1,114	1,116
Weighted Avg. Shares Outstanding						1,210	1,135	1,131	1,123	1,117	1,116.3
Weighted Avg. Shares Outstanding Dil						1,220	1,149	1,149	1,137	1,126	1,129
EPS						3.6	4.6	8	11.5	6.5	7.8
EPS Diluted						3.6	4.5	7.9	11.4	6.4	7.7
EBITDA						9,482	7,620	11,371	16,563	10,459	11,565
Effective Tax Rate						41.4%	9.1%	12%	13.4%	1.4%	3.7%