Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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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., consolidated balance sheet: assets
US$ in millions
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).
The financial data reveals several notable trends and shifts in the company's asset composition over the analyzed periods.
- Liquidity and Cash Management
- Cash and cash equivalents showed significant fluctuation. After an initial rise from 6,707 million to 7,116 million, there was a sharp decline to 2,773 million, followed by a recovery to 8,450 million, then a slight drop thereafter. Restricted cash appeared only in the latest period with a value of 2,323 million, suggesting a new classification or allocation of funds. Marketable securities also experienced fluctuation, peaking at 5,451 million and then declining to 4,635 million.
- Receivables
- Trade accounts receivable net of doubtful allowances decreased from 2,687 million to 2,214 million and then surged to 4,175 million in one period, only to fall again and then moderately recover. Unbilled receivables generally showed a gradual increase over time with minor fluctuations. As a result, net accounts receivable peaked at 5,643 million before dropping and recovering somewhat, indicating variability in both billed and unbilled customer balances.
- Inventory and Current Assets
- Inventories more than doubled between the second and third periods, stabilizing around the 6,400 million mark. Other current assets exhibited a steady increase, especially notable from 854 million to 2,435 million in the latest data point. Overall current assets increased steadily, rising from 18,519 million to over 25,700 million, reflecting growth in short-term resource holdings.
- Deferred Tax and Fixed Assets
- Deferred tax assets showed a notable upward trajectory from 1,351 million to a peak of 5,162 million before declining sharply to 743 million, indicating large fluctuations possibly linked to changes in tax positions or timing differences. Property, plant, and equipment net values exhibited growth initially but declined somewhat in later periods, suggesting asset disposals or depreciation outpacing acquisitions.
- Intangible Assets and Goodwill
- Goodwill consistently grew over time, increasing from 6,323 million to 11,358 million, indicating ongoing acquisitions or revaluations. Other intangible assets showed a declining trend from 1,653 million to 1,148 million, hinting at amortization or impairment effects.
- Other Assets and Noncurrent Assets
- Other assets steadily increased until late periods before a decline in the last recorded data. Noncurrent assets rose significantly to a high of 29,923 million before falling back to 24,389 million, reflecting fluctuations in long-term resource investments.
- Total Assets
- Total assets expanded consistently up to a peak of 55,154 million before decreasing to 50,143 million, showing general asset growth tempered by a recent contraction.
In summary, the data indicates overall asset growth with significant variability in liquidity, receivables, deferred tax assets, and noncurrent assets over time. The rise in goodwill and inventory levels points to expansion and inventory build-up, while the fluctuating cash balances and deferred tax assets suggest dynamic cash and tax management strategies. The recent decrease in total assets may warrant further examination to understand the driving factors behind asset base contraction.