Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Qualcomm Inc., consolidated income statement

US$ in millions

12 months ended:	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Equipment and services	30,028)	37,171)	26,741)	16,298)	14,611)	17,400)
Licensing	5,792)	7,029)	6,825)	7,233)	9,662)	5,332)
Revenues	35,820)	44,200)	33,566)	23,531)	24,273)	22,732)
Cost of revenues	(15,869)	(18,635)	(14,262)	(9,255)	(8,599)	(10,244)
Gross profit	19,951)	25,565)	19,304)	14,276)	15,674)	12,488)
Research and development	(8,818)	(8,194)	(7,176)	(5,975)	(5,398)	(5,625)
Selling, general and administrative	(2,483)	(2,570)	(2,339)	(2,074)	(2,195)	(2,986)
Other	(862)	1,059)	—)	28)	(414)	(3,135)
Operating income	7,788)	15,860)	9,789)	6,255)	7,667)	742)
Interest expense	(694)	(490)	(559)	(602)	(627)	(768)
Interest and dividend income	313)	91)	83)	156)	300)	611)
Net gains (losses) on marketable securities	75)	(363)	427)	198)	295)	21)
Net gains on other investments	21)	113)	470)	108)	68)	83)
Net gains (losses) on deferred compensation plan assets	86)	(141)	130)	47)	9)	34)
Impairment losses on other investments	(132)	(47)	(33)	(405)	(135)	(75)
Other	(14)	(25)	(33)	(38)	(96)	(135)
Investment and other income (expense), net	349)	(372)	1,044)	66)	441)	539)
Income from continuing operations before income taxes	7,443)	14,998)	10,274)	5,719)	7,481)	513)
Income tax expense	(104)	(2,012)	(1,231)	(521)	(3,095)	(5,377)
Income (loss) from continuing operations	7,339)	12,986)	9,043)	5,198)	4,386)	(4,864)
Discontinued operations, net of income taxes	(107)	(50)	—)	—)	—)	—)
Net income (loss)	7,232)	12,936)	9,043)	5,198)	4,386)	(4,864)

Based on: 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), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Qualcomm Inc. revenues increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Qualcomm Inc. operating income increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Income from continuing operations before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Qualcomm Inc. income from continuing operations before income taxes increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Qualcomm Inc. net income (loss) increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Qualcomm Inc. (NASDAQ:QCOM)

Income Statement