Common-Size Balance Sheet: Assets
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Qualcomm Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27).
- Liquidity and Cash Position
- The proportion of cash and cash equivalents relative to total assets exhibited a notable decline from 18.84% in 2020 to 5.66% in 2022, then recovered partially to 16.56% in 2023 before decreasing steadily to 11.01% by 2025. Marketable securities followed a declining trend from 12.85% in 2021 to 5.63% in 2023, then rebounded to around 9% by 2025. The introduction of restricted cash at 4.63% in 2025 indicates a portion of cash allocated to specific purposes. Overall, the liquid assets show volatility but a tendency toward consolidation after mid-period.
- Receivables and Inventory
- Net accounts receivable as a percentage of total assets decreased sharply from 11.25% in 2020 to 6.24% in 2023, with some recovery to 8.61% by 2025. Accounts receivable, trade, net followed a similar pattern with fluctuations. Unbilled receivables diminished gradually from 3.67% in 2020 to around 2.8-2.9% by 2025. Inventories displayed an increasing trend from 7.3% in 2020 to a peak of 13.01% in 2025, reflecting possibly greater stock accumulation or changes in inventory management strategies.
- Current Assets
- The overall current assets percentage of total assets declined from 52.03% in 2020 to 42.28% in 2022 but later rose to 51.36% by 2025, indicating fluctuations in short-term asset composition and liquidity management. Other current assets increased modestly, contributing to this higher level.
- Noncurrent Assets and Intangibles
- Noncurrent assets rose from 47.97% in 2020 to a peak of 57.72% in 2022, followed by a decline to 48.64% in 2025. Goodwill increased overall, reaching 22.65% of total assets by 2025, which may suggest acquisitions or asset revaluations. Other intangible assets decreased progressively from 4.64% in 2020 to around 2.29% in 2025. Property, plant and equipment percentages dropped from 11.05% in 2021 to below 9.5% by 2025. Deferred tax assets showed a sharp increase reaching 9.36% in 2024 but decreased markedly to 1.48% in 2025, indicating temporal tax effects or changes in tax asset recognition.
- Additional Observations
- “Held for sale assets” appeared notably in 2022 and 2023 but are absent in other years, which might reflect disposals or reclassifications during those periods. Other assets increased from 11.34% in 2020 to over 15% in the early years, then declined to 12.86% in 2025, perhaps due to asset reallocation or impairment. Total assets remained constant at 100% by definition across all periods.
- Summary of Trends
- The data reveals fluctuating liquidity levels with an overall reduction in cash reserves and marketable securities followed by partial recovery. Receivables decreased before rebounding somewhat, while inventories showed a steady increase. The company's asset structure shifted temporarily toward a higher share of noncurrent assets around 2022, influenced by increases in goodwill and deferred tax assets, later reverting closer to previous levels. Intangible assets and property, plant and equipment percentages declined modestly over time. The emergence and subsequent disappearance of held for sale assets suggest transactional activities. These patterns could indicate strategic adjustments in asset management, investment activities, and working capital optimization over the five-year period.