Balance Sheet: Assets
Quarterly Data

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.

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

US$ in millions

	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	7,203)	8,713)	7,849)	7,770)	9,219)	8,133)	8,450)	6,087)	3,488)	4,808)	2,773)	2,676)	7,173)	6,607)	7,116)	7,399)	6,000)	7,076)	6,707)	6,120)	8,403)	11,109)	11,839)	13,923)	10,135)	10,066)
Marketable securities	6,643)	5,592)	5,451)	5,262)	4,632)	3,921)	2,874)	2,544)	3,188)	3,430)	3,609)	4,172)	4,373)	4,703)	5,298)	5,508)	5,526)	5,222)	4,507)	4,480)	1,543)	314)	421)	435)	195)	249)
Accounts receivable, net	3,699)	3,550)	3,929)	2,948)	3,054)	3,513)	3,183)	3,850)	3,691)	3,960)	5,643)	3,804)	4,084)	4,032)	3,579)	2,952)	3,346)	4,148)	4,003)	1,847)	3,081)	2,737)	2,471)	2,390)	3,638)	3,426)
Inventories	6,196)	6,303)	6,423)	6,020)	6,087)	6,247)	6,422)	6,628)	6,858)	6,932)	6,341)	5,418)	4,555)	3,861)	3,228)	3,133)	2,668)	2,552)	2,598)	2,343)	1,700)	1,420)	1,400)	1,774)	1,725)	1,698)
Held for sale assets	—)	—)	—)	—)	—)	337)	341)	317)	816)	721)	733)	950)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other current assets	2,339)	1,907)	1,579)	1,332)	1,240)	1,288)	1,194)	1,050)	1,032)	1,247)	1,625)	1,979)	1,425)	1,019)	854)	701)	759)	794)	704)	768)	586)	625)	634)	682)	631)	855)
Current assets	26,080)	26,065)	25,231)	23,332)	24,232)	23,439)	22,464)	20,476)	19,073)	21,098)	20,724)	18,999)	21,610)	20,222)	20,075)	19,693)	18,299)	19,792)	18,519)	15,558)	15,313)	16,205)	16,765)	19,204)	16,324)	16,294)
Deferred tax assets	5,750)	5,409)	5,162)	4,420)	3,978)	3,579)	3,310)	2,773)	2,477)	2,092)	1,803)	1,778)	1,545)	1,454)	1,591)	1,450)	1,325)	1,319)	1,351)	1,345)	1,249)	1,254)	1,196)	1,172)	3,832)	3,923)
Property, plant and equipment, net	4,410)	4,460)	4,665)	4,744)	4,724)	4,907)	5,042)	5,216)	5,281)	5,215)	5,168)	5,038)	4,893)	4,723)	4,559)	4,424)	4,186)	4,033)	3,711)	3,487)	3,358)	3,171)	3,081)	3,037)	2,945)	2,932)
Goodwill	10,948)	10,908)	10,799)	10,770)	10,760)	10,722)	10,642)	10,591)	10,579)	10,566)	10,508)	10,719)	7,261)	7,264)	7,246)	7,229)	7,220)	6,358)	6,323)	6,299)	6,294)	6,297)	6,282)	6,308)	6,299)	6,295)
Other intangible assets, net	1,183)	1,225)	1,244)	1,296)	1,331)	1,387)	1,408)	1,618)	1,727)	1,796)	1,882)	1,954)	1,258)	1,373)	1,458)	1,542)	1,662)	1,541)	1,653)	1,749)	1,889)	2,045)	2,172)	2,350)	2,510)	2,746)
Held for sale assets	—)	—)	—)	—)	—)	69)	88)	218)	1,251)	1,199)	1,200)	916)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets	7,001)	7,508)	8,053)	8,179)	8,142)	8,032)	8,086)	8,110)	7,974)	8,048)	7,729)	7,616)	7,735)	7,784)	6,311)	4,431)	4,476)	4,436)	4,037)	3,890)	3,835)	4,139)	3,461)	2,062)	2,113)	2,056)
Noncurrent assets	29,292)	29,510)	29,923)	29,409)	28,935)	28,696)	28,576)	28,526)	29,289)	28,916)	28,290)	28,021)	22,692)	22,598)	21,165)	19,076)	18,869)	17,687)	17,075)	16,770)	16,625)	16,906)	16,192)	14,929)	17,699)	17,952)
Total assets	55,372)	55,575)	55,154)	52,741)	53,167)	52,135)	51,040)	49,002)	48,362)	50,014)	49,014)	47,020)	44,302)	42,820)	41,240)	38,769)	37,168)	37,479)	35,594)	32,328)	31,938)	33,111)	32,957)	34,133)	34,023)	34,246)

The financial data over the reported periods indicate several notable trends and changes in Qualcomm Inc.'s asset structure and liquidity position.

Cash and Cash Equivalents: Cash reserves exhibit fluctuations over the periods, peaking initially near US$13.9 billion in mid-2019 before declining substantially to under US$3 billion in mid-2022. A recovery trend is apparent from late 2022 through to early 2024, with cash levels rising again to over US$8.7 billion before a slight dip near mid-2024.
Marketable Securities: Marketable securities show a general upward trajectory from a base of under US$250 million in late 2018 to above US$6.6 billion in mid-2024, indicating deployment of cash into more liquid investment vehicles, possibly as part of cash management strategies.
Accounts Receivable, Net: Receivables display variability without a clear linear trend. They experienced a significant drop in mid-2020, followed by increases and decreases, ending slightly below the earlier averages by mid-2025. This suggests fluctuating sales on credit terms or collection efficiency varying over time.
Inventories: Inventory levels steadily increase from approximately US$1.7 billion at the end of 2018 to peaks exceeding US$6.9 billion in late 2022, followed by a modest decline. This consistent buildup could signal anticipation of higher sales or potential challenges in inventory turnover.
Held for Sale Assets: These assets appear only after 2021, with relatively small values under US$1 billion, indicating divestitures or assets earmarked for disposal during recent years.
Other Current Assets: Other current assets have generally increased, rising from about US$850 million to over US$2.3 billion by early 2025, which may include prepaid expenses or other short-term assets growing alongside total current assets.
Current Assets: Total current assets have increased moderately overall, fluctuating between US$15 billion and US$26 billion, reflecting combined effects of cash, securities, receivables, inventory, and other components. The peak near US$26 billion in early 2025 suggests improving liquidity.
Deferred Tax Assets: Deferred tax assets have shown a steady and significant increase from US$3.9 billion to nearly US$5.8 billion, indicating growing tax benefits or losses carried forward.
Property, Plant, and Equipment, Net: Fixed assets have progressively increased until reaching a peak around US$5.2 billion in late 2022, after which there is a slow decline to about US$4.4 billion. This points to continuous capital expenditures followed by some disposals or depreciation.
Goodwill: Goodwill remains fairly stable near US$6.3 billion up to 2020, followed by a sharp increase to over US$10.9 billion by mid-2025, reflecting acquisitions or business combinations during this period.
Other Intangible Assets, Net: Intangible assets decreased steadily from approximately US$2.7 billion to US$1.2 billion between 2018 and 2025, with a brief rise in 2022, possibly due to amortization exceeding new intangibles acquired except during that temporary uptick.
Other Assets: Other assets show overall growth, moving from around US$2.1 billion to a peak beyond US$8.1 billion, indicating accumulation of long-term or miscellaneous assets.
Noncurrent Assets: Noncurrent assets initially decrease from nearly US$18 billion to about US$15 billion by early 2019, then trend upward over subsequent years reaching roughly US$29.5 billion before a slight dip to US$29.3 billion, reflecting asset additions balanced against disposals and depreciation.
Total Assets: Total assets marginally decrease through 2019 and 2020 but rebound significantly over later years, growing from about US$34.2 billion in late 2018 to a peak above US$55 billion in early 2025. The overall growth trend suggests expanding scale and investment in asset base.

In summary, the asset composition points to strategic investment in acquisitions (goodwill), higher inventory holdings, improved liquidity with increased marketable securities, and a larger tax asset base. Fluctuations in cash levels and accounts receivable may warrant monitoring for operational efficiency or working capital management. The steady increase in total assets corroborates an expanding operational footprint or capital structure changes during the analyzed timeframe.

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Qualcomm Inc. (NASDAQ:QCOM)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data