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

	Jun 29, 2025	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	5,448)	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)
Restricted cash	2,323)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Marketable securities	4,563)	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	3,410)	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	6,338)	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	2,831)	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	24,913)	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	6,114)	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	4,496)	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	11,366)	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	1,202)	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	6,771)	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	29,949)	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	54,862)	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 analysis of the quarterly financial data for the company reveals several notable trends across liquidity, receivables, inventories, assets, and other key balance sheet components over the observed periods.

Cash and Cash Equivalents: The cash and cash equivalents balance demonstrates a fluctuating pattern. Beginning at approximately $10.1 billion at the end of 2018, it peaked near $13.9 billion mid-2019 and then declined steadily, reaching lows around $2.7 billion by mid-2022. Subsequently, the balance recovered, rising back to approximately $9.2 billion in late 2023 before experiencing a decline again into mid-2025. This variability suggests cyclical liquidity management and potentially operational cash flow fluctuations.
Restricted Cash: Restricted cash appears only in the late data points, reaching about $2.3 billion, indicating new or previously unreported constraints on cash usage emerging towards the end of the dataset.
Marketable Securities: Marketable securities show an overall upward trend, starting from $249 million in late 2018 and growing sharply through 2020, peaking above $6.6 billion during mid-2025 before a slight decrease towards the end of the period. This consistent increase suggests an investment strategy favoring liquid marketable assets.
Accounts Receivable, Net: Accounts receivable experienced volatility. Initially fluctuating around $3 to $4 billion, it dropped sharply during mid-2020 but rebounded to near previous levels by late 2021. The latter period shows some decline but remains in the $3 to $4 billion range, indicating variability in credit sales or collection efficiency.
Inventories: Inventory levels have steadily increased from about $1.7 billion in late 2018 to roughly $6.3 billion by mid-2025, reflecting growing stockpiles which may correspond to increased production capacity or strategic build-up to meet demand.
Held for Sale Assets: Held-for-sale assets, visible only in the latter periods starting in 2022, show minor fluctuations within the $200 million to $950 million range, potentially indicating asset disposals or restructuring activity.
Other Current Assets and Current Assets: Other current assets expanded from $855 million to nearly $2.8 billion, with current assets following a similar overall growth trajectory from about $16.3 billion to $26 billion. This highlights expansion in short-term asset holdings and possibly operational scale.
Deferred Tax Assets: Deferred tax assets increased markedly from roughly $3.9 billion at the beginning to over $6.1 billion towards mid-2025, indicating shifts in tax timing differences and potentially growing future tax benefits.
Property, Plant, and Equipment, Net: Net property, plant, and equipment exhibited a modest increase from about $2.9 billion to over $5.2 billion by late 2021, with some slight declines thereafter. This suggests moderate capital investment with stabilization or slight divestment in physical assets in later periods.
Goodwill: Goodwill remained relatively stable initially around $6.3 billion but increased significantly in early 2021 to over $10.7 billion, further rising steadily to surpass $11.3 billion by mid-2025. This jump indicates substantial acquisitions or revaluations enhancing intangible asset values.
Other Intangible Assets, Net: Other intangible assets decreased from around $2.7 billion in 2018 to approximately $1.2 billion by mid-2025, pointing to amortization effects or impairment charges over time.
Other Assets and Noncurrent Assets: Other assets grew notably from about $2 billion to around $8.2 billion mid-2021, then stayed relatively stable before slight decreases in the final periods. Noncurrent assets overall rose from approximately $17.7 billion to nearly $30 billion, indicating expansion of long-term assets through investment or acquisition.
Total Assets: Total assets remained fairly stable initially around $34 billion but grew steadily since 2020, reaching over $55 billion by late 2024 and tapering slightly thereafter. This growth reflects overall asset base expansion driven by increases in cash equivalents, marketable securities, goodwill, and noncurrent assets.

In summary, the company shows considerable asset growth mainly driven by investments and acquisitions indicated by rising goodwill and other noncurrent assets. Liquidity measures have been volatile but generally stable in recent periods. Increasing inventories and other current assets align with operational scaling. The decrease in intangible assets suggests ongoing amortization, while significant deferred tax asset growth points to evolving tax position dynamics. Overall, the financial data depicts a company with growing scale and asset base amid managed fluctuations in liquid resources.

Assets: Selected Items

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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