Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Qualcomm Inc., common-size consolidated balance sheet: assets (quarterly data)

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Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 23, 2024 Mar 24, 2024 Dec 24, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 25, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 26, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018
Cash and cash equivalents
Marketable securities
Accounts receivable, net
Inventories
Held for sale assets
Other current assets
Current assets
Deferred tax assets
Property, plant and equipment, net
Goodwill
Other intangible assets, net
Held for sale assets
Other assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29), 10-K (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-30).


Cash and cash equivalents
There is a noticeable declining trend in the proportion of cash and cash equivalents relative to total assets. Starting at a high of approximately 40.79% in mid-2019, this metric steadily decreases to around 13.01% by mid-2024, indicating reduced liquidity or potential reallocation towards other asset types over this period.
Marketable securities
Marketable securities as a percentage of total assets have generally increased from under 1% in late 2018 to approximately 12% by mid-2024. This suggests a strategic shift toward more liquid investments or a diversification of the asset portfolio.
Accounts receivable, net
This item fluctuates but shows an overall downward movement from around 10% of total assets in late 2018 to approximately 6.68% by mid-2024. These variations might reflect changes in sales cycles or credit policies affecting receivables.
Inventories
Inventories have steadily increased over the analyzed periods, rising from about 5% of total assets in late 2018 to near 11% by mid-2024. This consistent growth could indicate increased production, stockpiling, or slower inventory turnover.
Held for sale assets
Data for held for sale assets is intermittent but shows a presence starting from 2022 at around 2% of total assets, decreasing below 1% in early 2023, and continuing sporadically thereafter. This indicates occasional asset divestitures or reclassification activities.
Other current assets
The proportion of other current assets remains relatively stable with a slight increase from roughly 2.5% to about 4.22% of total assets between late 2018 and mid-2024, suggesting marginal growth in miscellaneous current assets.
Current assets
Current assets as a whole fluctuate between approximately 40% and 56% of total assets, with a peak in mid-2019 and a trough around late 2021 to early 2023. This variability reflects shifts in the company's liquidity and working capital management.
Deferred tax assets
Deferred tax assets show a marked increase from around 11.46% in late 2018 to over 10% by mid-2024, after an initial drop in 2019 to around 3.43%. This rebound and sustained growth indicate increasing future tax benefits being recognized.
Property, plant, and equipment, net
These assets maintain a fairly stable ratio near 8-11% of total assets throughout the periods, with a slight declining trend after peaking around 11.26% in early 2021 to about 7.96% by mid-2024, which may reflect depreciation or limited capital expenditures.
Goodwill
Goodwill fluctuates within the range of approximately 16%-22% of total assets. Notably, a peak occurs around mid-2022 with a value over 22%, followed by a moderate decrease to near 19.77% by mid-2024, possibly showing the impact of acquisitions and subsequent impairments or revaluations.
Other intangible assets, net
There is a consistent decline in other intangible assets relative to total assets, going from around 8% in late 2018 to approximately 2.14% by mid-2024. This likely reflects amortization or write-downs over time.
Other assets
Other assets show some variability with an increasing trend from 6% to a peak above 18% in late 2021, followed by a gradual decline to about 12.64% by mid-2024. This suggests fluctuations in miscellaneous long-term assets or restructuring of asset classifications.
Noncurrent assets
Noncurrent assets as a total percentage of assets show variability, beginning around 52% in 2018, dropping to the low 40%s by mid-2019 and late 2021, and then increasing back to over 52% by mid-2024. These oscillations reflect shifting balances between current and noncurrent asset allocations over the period.
Total assets
Total assets are consistently represented as 100%, serving as the baseline for all other metric percentages.