Qualcomm Inc. (NASDAQ:QCOM)

Land

The value of land has shown a slight but consistent decrease over the periods, declining from 173 million USD to 168 million USD. This trend indicates a modest reduction in land holdings or revaluation over time.

Buildings and Improvements

There is a steady upward trend in the value of buildings and improvements, increasing from 1,606 million USD to 1,915 million USD. This suggests ongoing investment and expansion or enhancements in these fixed assets.

Computer Equipment and Software

This category has experienced continuous growth, rising from 1,427 million USD to 2,165 million USD. The notable increase reflects significant investment in technology infrastructure and digital assets.

Machinery and Equipment

Machinery and equipment show the most substantial growth among all categories, increasing from 5,095 million USD to 9,360 million USD. This strong upward trend implies significant capital expenditure on productive assets, likely enhancing operational capacity.

Furniture and Office Equipment

The value of furniture and office equipment has increased gradually, from 90 million USD to 148 million USD. Although a smaller category, this steady growth indicates consistent upgrades and additions to office assets.

Leasehold Improvements

There is marked growth in leasehold improvements, with values rising from 320 million USD to 594 million USD. This suggests considerable investment in leased properties, possibly reflecting expansion or remodeling.

Construction in Progress

Construction in progress has fluctuated over the periods, initially increasing from 134 million USD to 330 million USD, then declining to 126 million USD before a slight rebound to 154 million USD. These variations indicate active but variable levels of asset development and project completion timing.

Property, Plant, and Equipment Gross (PP&E Gross)

The aggregate gross value of PP&E has shown a consistent increase from 8,845 million USD to 14,504 million USD, reflecting overall asset base growth through acquisitions, improvements, and expansions.

Accumulated Depreciation and Amortization

Accumulated depreciation and amortization have steadily increased in magnitude (more negative), from -5,134 million USD to -9,814 million USD. This indicates ongoing depreciation expense reflecting aging assets and systematic allocation of costs over asset useful lives.

Property, Plant, and Equipment Net (PP&E Net)

The net value of PP&E first increased from 3,711 million USD to a peak of 5,168 million USD, then declined to 4,665 million USD before slightly recovering to 4,690 million USD. This pattern suggests that despite the gross asset growth, accumulated depreciation and possible disposals or impairments have moderated net asset value in recent periods.

Average Age Ratio

The average age ratio demonstrates a gradual upward trend over the examined periods, increasing from 59.2% in 2020 to 68.46% in 2025. This indicates that the property, plant, and equipment are becoming older on average, implying a potential increase in asset aging and a possible need for future reinvestment or replacement.

Estimated Total Useful Life

The estimated total useful life exhibited a slight fluctuation, starting at 11 years in 2020, decreasing to 9 years in 2022 and 2023, then increasing again to 11 years by 2025. This variation suggests adjustments in asset life expectations possibly due to changes in asset composition, technological developments, or revised management assessments.

Estimated Age, Time Elapsed Since Purchase

The estimated age decreased from 7 years in 2020 to 5 years in 2022 and 2023, indicating the addition of newer assets during this period. However, it subsequently increased to 8 years by 2025, reflecting aging of the asset base in later years without significant new acquisitions to offset aging.

Estimated Remaining Life

The estimated remaining life of assets declined consistently from 5 years in 2020 to 3 years by 2023 and maintained this level through 2025. This trend indicates diminishing remaining operational lifespan of the asset base, which aligns with the increasing average age and signals potential upcoming capital expenditure requirements.

Property, Plant, and Equipment Gross

The gross value of property, plant, and equipment shows a consistent upward trend over the analyzed periods. It increased steadily from 8,845 million USD in 2020 to 14,504 million USD in 2025. This growth indicates ongoing investments or acquisitions in physical assets by the company.

Accumulated Depreciation and Amortization

The accumulated depreciation and amortization also exhibit a continuous increase, rising from 5,134 million USD in 2020 to 9,814 million USD in 2025. This reflects the aging of assets and the systematic allocation of depreciation expenses over time.

Land

The value of land remains relatively stable throughout the periods, with a slight decline from 173 million USD to 168 million USD. The minimal variation suggests that land holdings have not been significantly altered or revalued.

Average Age Ratio

The average age ratio of the assets demonstrates an increasing trend, starting at 59.2% in 2020 and reaching 68.46% in 2025. This rise indicates that on average, the company's assets are becoming older, which may impact maintenance costs, efficiency, and future capital expenditure needs.

Overall Insights

The data portrays a company expanding its property, plant, and equipment base while simultaneously experiencing the natural aging of these assets. The steady increase in accumulated depreciation aligns with the growing asset base but also signals that many assets have been in use for multiple years. The relatively stable land value suggests limited change in land assets, focusing physical expansion likely on other types of assets. The rising average age ratio may warrant attention to asset renewal strategies to maintain operational effectiveness.

The analysis of property, plant, and equipment-related financial data over the observed periods reveals several notable trends and changes.

Gross Property, Plant, and Equipment

The gross value of property, plant, and equipment exhibited a consistent upward trend over the years. Starting at 8,845 million US dollars, it increased steadily each year, reaching 14,504 million US dollars by the latest period. This represents a significant accumulation of assets, suggesting ongoing investments in physical capital.

Land Asset

The value of land holdings showed a slight but gradual decrease over the entire timeframe, moving from 173 million US dollars to 168 million US dollars. This marginal decline indicates stability with minimal disposals or valuation changes in land assets.

Depreciation and Amortization Expense

The depreciation and amortization expense related to property, plant, and equipment demonstrated an increasing pattern from 772 million US dollars initially to a peak of 1,400 million US dollars in two consecutive periods before decreasing to 1,300 million US dollars in the most recent period. The initial rise may reflect an expanding asset base and the aging of assets, while the recent decline could indicate changes in asset composition or depreciation policies.

Estimated Total Useful Life of Assets

The estimated useful life of the assets started at 11 years and showed a decreasing trend to 9 years during middle periods, before increasing again to 11 years in the latest period. This variation may reflect changes in asset composition, technological advancements, or revisions in estimation methodologies affecting asset life assumptions.

In summary, the data indicates a consistent investment in property, plant, and equipment over time, coupled with stable land asset values. The fluctuation in depreciation expense and estimated useful life highlights adjustments in asset utilization or accounting estimates, reflective of dynamic asset management strategies.

The analysis of the property, plant, and equipment data over the observed periods indicates several noteworthy trends related to accumulated depreciation, annual depreciation expense, and the age profile of assets.

Accumulated Depreciation and Amortization

There is a consistent upward trend in accumulated depreciation and amortization from 5,134 million US dollars in 2020 to 9,814 million US dollars in 2025. This increase reflects ongoing systematic allocation of the cost of property, plant, and equipment over their useful lives. The steady growth suggests continuous asset utilization and aging over time.

Depreciation and Amortization Expense

The annual depreciation expense related to property, plant, and equipment exhibits a rising pattern from 772 million US dollars in 2020, peaking at 1,400 million US dollars in the years 2023 and 2024. There is a slight reduction to 1,300 million US dollars in 2025. The increase up to 2023 may correspond to recent acquisitions or reassessments of asset values, while the modest decline afterward could indicate a decreased rate of new asset additions or changes in depreciation policies.

Time Elapsed Since Purchase

The time elapsed since purchase fluctuates moderately between 5 and 8 years. Starting at 7 years in 2020, it decreases to 5 years in 2022 and 2023, then rises again to 8 years by 2025. Such variation points to asset portfolio adjustments, including the introduction of newer assets around 2022-2023 followed by aging of the existing asset base in subsequent years.

Overall, the data reveals an expanding asset base with aging characteristics and a depreciation expense trajectory that generally increases with a slight downturn toward the last period. These trends suggest active asset management involving acquisitions and disposals, with ongoing consumption of asset value reflected in the accumulated depreciation figures.

Net Property, Plant, and Equipment Value

The net value of property, plant, and equipment initially increased from 3711 million US dollars in 2020 to a peak of 5168 million US dollars in 2022. Subsequently, this value declined to 4665 million US dollars by 2024, before slightly recovering to 4690 million US dollars in 2025. This trend suggests a period of asset accumulation followed by asset disposals, impairments, or revaluations over the latter years.

Land Valuation

The valuation of land remained relatively stable throughout the observed periods. It experienced a marginal decrease from 173 million US dollars in 2020 to 168 million US dollars in 2025. This minor decline indicates negligible changes in land holdings or valuations over the years.

Depreciation and Amortization Expense

The depreciation and amortization expense related to property, plant, and equipment showed a consistent upward trend from 772 million US dollars in 2020 to a peak of 1400 million US dollars in 2023 and 2024. However, this expense declined to 1300 million US dollars by 2025. The rising expense until 2024 aligns with the company's growing asset base, while the subsequent reduction may indicate asset disposals, completed depreciation cycles, or changes in depreciation methods.

Estimated Remaining Life of Assets

The estimated remaining life of the assets declined from five years in 2020 to three years by 2023, remaining constant thereafter. This decrease reflects asset aging and possibly increased utilization or accelerated depreciation policies, implying that assets are approaching the end of their useful lives within the observed timeframe.