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Qualcomm Inc. (QCOM)


Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Qualcomm Inc., consolidated balance sheet: assets

US$ in millions

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Sep 29, 2019 Sep 30, 2018 Sep 24, 2017 Sep 25, 2016 Sep 27, 2015 Sep 28, 2014
Cash and cash equivalents 11,839  11,777  35,029  5,946  7,560  7,907 
Marketable securities 421  311  2,279  12,702  9,761  9,658 
Accounts receivable, trade, net of allowances for doubtful accounts 1,046  2,848  3,576  2,194  1,941  2,362 
Unbilled receivables 1,411  20  40  20  11  17 
Other 14  36  16  12  33 
Accounts receivable, net 2,471  2,904  3,632  2,219  1,964  2,412 
Inventories 1,400  1,693  2,035  1,556  1,492  1,458 
Deferred tax assets —  —  —  —  635  577 
Other current assets 634  699  618  558  687  401 
Current assets 16,765  17,384  43,593  22,981  22,099  22,413 
Deferred tax assets 1,196  904  2,900  2,030  1,453  1,174 
Property, plant and equipment, net 3,081  2,975  3,216  2,306  2,534  2,487 
Goodwill 6,282  6,498  6,623  5,679  5,479  4,488 
Other intangible assets, net 2,172  2,955  3,737  3,500  3,742  2,580 
Other assets 3,461  1,970  5,417  15,863  15,489  15,432 
Noncurrent assets 16,192  15,302  21,893  29,378  28,697  26,161 
Total assets 32,957  32,686  65,486  52,359  50,796  48,574 

Based on: 10-K (filing date: 2019-11-06), 10-K (filing date: 2018-11-07), 10-K (filing date: 2017-11-01), 10-K (filing date: 2016-11-02), 10-K (filing date: 2015-11-04), 10-K (filing date: 2014-11-05).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Qualcomm Inc.’s current assets decreased from 2017 to 2018 and from 2018 to 2019.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Qualcomm Inc.’s property, plant and equipment, net decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Qualcomm Inc.’s noncurrent assets decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Qualcomm Inc.’s total assets decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Qualcomm Inc.’s cash and cash equivalents decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Marketable securities Amount of investment in marketable security, classified as current. Qualcomm Inc.’s marketable securities decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Qualcomm Inc.’s accounts receivable, net decreased from 2017 to 2018 and from 2018 to 2019.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Qualcomm Inc.’s inventories decreased from 2017 to 2018 and from 2018 to 2019.