Qorvo, Inc.

NasdaqGS-QRVO

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Income Statement	Mar '15	Apr '16	Apr '17	Mar '18	Mar '19	Mar '20	Apr '21	Apr '22	Apr '23	Mar '24	LTM
Total Revenues						3,239.1	4,015.3	4,645.7	3,569.4	3,769.5	4,005
Total Revenues % Chg.						4.8%	24%	15.7%	-23.2%	5.6%	25.7%
Cost of Goods Sold, Total						1,913.2	2,131.7	2,355.9	2,225.9	2,257.3	2,408.5
Gross Profit						1,326	1,883.6	2,289.8	1,343.5	1,512.2	1,596.5
Selling General & Admin Expenses, Total						343.6	367.2	349.7	358.8	389.1	398.6
R&D Expenses						484.4	570.4	623.6	649.8	682.2	706.8
Other Operating Expenses						19.7	12	14.3	1.9	26	45.9
Other Operating Expenses, Total						847.6	949.6	987.7	1,010.6	1,097.4	1,151.3
Operating Income						478.3	933.9	1,302.1	333	414.8	445.2
Interest Expense, Total						-60.4	-75.2	-63.3	-68.5	-69.2	-69.1
Interest And Investment Income					—	—	—	2.7	21.1	38.3	42.5
Net Interest Expenses						-60.4	-75.2	-60.6	-47.4	-30.9	-26.6
Income (Loss) On Equity Invest.	—	—	—	—	—	—	21.5	12	-4.2	-1.2	-4.7
Currency Exchange Gains (Loss)	—	—	—	—	—	—	—	—	-0.6	0.4	0.4
Other Non Operating Income (Expenses)		—				-10.7	-45.5	3.6	1.4	11.8	8.6
EBT, Excl. Unusual Items						407.2	834.7	1,257.1	282.2	394.8	422.9
Restructuring Charges	—	—	—			—	—	—	-114.1	-90.5	-68.1
Merger & Related Restructuring Charges					—	-55.1	-27.3	-28	-23.3	-11.2	-11.2
Impairment of Goodwill	—	—	—	—	—	—	—	-48	-12.4	-221.4	-221.4
Gain (Loss) On Sale Of Investments	—		—	—	—	43	—	—	-7.8	—	—
Other Unusual Items	—	—	—			—	—	—	—	1.8	2.4
EBT, Incl. Unusual Items						395.1	807.4	1,181.1	124.6	73.6	124.5
Income Tax Expense						60.8	73.8	147.7	21.5	143.9	150.8
Earnings From Continuing Operations						334.3	733.6	1,033.4	103.2	-70.3	-26.3
Net Income						334.3	733.6	1,033.4	103.2	-70.3	-26.3
Net Income to Common Incl Extra Items						334.3	733.6	1,033.4	103.2	-70.3	-26.3
Net Income to Common Excl. Extra Items						334.3	733.6	1,033.4	103.2	-70.3	-26.3
Total Shares Outstanding						114.6	112.6	106.3	98.6	95.8	95
Weighted Avg. Shares Outstanding						117	114	110.2	102.2	97.6	96.8
Weighted Avg. Shares Outstanding Dil						119.3	116	111.5	103	97.6	96.8
EPS						2.9	6.4	9.4	1	-0.7	-0.3
EPS Diluted						2.8	6.3	9.3	1	-0.7	-0.3
EBITDA						947.2	1,390	1,663.5	671.8	735.7	761.3
Effective Tax Rate						15.4%	9.1%	12.5%	17.2%	195.6%	121.1%