Stock Analysis on Net
Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

Income Statement
Quarterly Data

Beginner level

Qualcomm Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
3 months ended: Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jun 24, 2018 Mar 25, 2018 Dec 24, 2017 Sep 24, 2017 Jun 25, 2017 Mar 26, 2017 Dec 25, 2016 Sep 25, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014 Sep 28, 2014 Jun 29, 2014 Mar 30, 2014 Dec 29, 2013
Equipment and services 3,794  4,050  3,534  3,573  3,531  3,753  3,754  4,650  4,110  3,936  4,704  4,698  4,121  3,689  4,139  4,156  3,875  3,349  4,087  3,620  3,840  4,403  5,216  4,821  4,922  4,229  4,653 
Licensing 1,099  1,166  1,543  1,241  6,104  1,229  1,088  1,154  1,489  1,325  1,364  1,207  1,250  1,327  1,860  2,028  2,169  2,202  1,688  1,836  1,992  2,491  1,883  1,871  1,884  2,138  1,969 
Revenues 4,893  5,216  5,077  4,814  9,635  4,982  4,842  5,804  5,599  5,261  6,068  5,905  5,371  5,016  5,999  6,184  6,044  5,551  5,775  5,456  5,832  6,894  7,099  6,692  6,806  6,367  6,622 
Cost of revenues (2,080) (2,297) (2,113) (2,118) (2,114) (2,179) (2,188) (2,851) (2,491) (2,239) (2,663) (2,653) (2,488) (2,208) (2,443) (2,540) (2,534) (2,141) (2,534) (2,252) (2,451) (2,628) (3,047) (2,758) (2,740) (2,482) (2,706)
Gross profit 2,813  2,919  2,964  2,696  7,521  2,803  2,654  2,953  3,108  3,022  3,405  3,252  2,883  2,808  3,556  3,644  3,510  3,410  3,241  3,204  3,381  4,266  4,052  3,934  4,066  3,885  3,916 
Research and development (1,520) (1,468) (1,406) (1,441) (1,380) (1,308) (1,269) (1,387) (1,416) (1,402) (1,420) (1,397) (1,391) (1,386) (1,311) (1,230) (1,268) (1,301) (1,352) (1,356) (1,407) (1,375) (1,352) (1,364) (1,429) (1,356) (1,328)
Selling, general and administrative (511) (483) (528) (549) (547) (573) (526) (689) (655) (869) (773) (742) (710) (615) (591) (568) (620) (619) (578) (655) (577) (545) (567) (546) (582) (539) (623)
Other —  23  —  (6) (277) 18  (149) (1,530) (112) (310) (1,183) (779) (9) (78) (876) (43) (30) (75) 374  (52) (162) (1,010) (69) (32) 20  —  (472)
Operating income 782  991  1,030  700  5,317  940  710  (653) 925  441  29  334  773  729  778  1,803  1,592  1,415  1,685  1,141  1,235  1,336  2,064  1,992  2,075  1,990  1,493 
Interest expense (143) (146) (148) (149) (160) (162) (156) (207) (212) (179) (170) (164) (133) (107) (90) (76) (75) (72) (74) (70) (32) (1) (1) —  —  —  — 
Investment and other income (expense), net 229  (247) 65  64  344  28  86  243  96  114  265  218  235  182  233  176  127  99  181  195  204  235  260  422  282  264 
Income (loss) from continuing operations before income taxes 868  598  947  615  5,501  806  559  (774) 956  358  (27) 435  858  857  870  1,960  1,693  1,470  1,710  1,252  1,398  1,539  2,298  2,252  2,497  2,272  1,757 
Income tax (expense) benefit (23) (130) (22) (109) (3,352) (143) 509  281  263  (5,926) (265) (108) (189) (361) (250) (306) (214) (190) (215) (487) (327) (357) (260) (314) (313)
Income (loss) from continuing operations 845  468  925  506  2,149  663  1,068  (493) 1,219  363  (5,953) 170  865  749  681  1,599  1,443  1,164  1,496  1,062  1,183  1,052  1,971  1,895  2,237  1,958  1,444 
Discontinued operations, net of income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  430 
Net income (loss) 845  468  925  506  2,149  663  1,068  (493) 1,219  363  (5,953) 170  865  749  681  1,599  1,443  1,164  1,496  1,062  1,183  1,052  1,971  1,895  2,237  1,958  1,874 
Net loss attributable to noncontrolling interests —  —  —  —  —  —  —  —  —  —  —  (1) —  —  —  —  — 
Net income (loss) attributable to Qualcomm 845  468  925  506  2,149  663  1,068  (493) 1,219  363  (5,953) 169  866  749  682  1,599  1,444  1,164  1,498  1,062  1,184  1,053  1,972  1,895  2,238  1,959  1,875 

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-Q (filing date: 2020-02-05), 10-K (filing date: 2019-11-06), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-Q (filing date: 2019-01-30), 10-K (filing date: 2018-11-07), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-01), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-19), 10-Q (filing date: 2017-01-25), 10-K (filing date: 2016-11-02), 10-Q (filing date: 2016-07-20), 10-Q (filing date: 2016-04-20), 10-Q (filing date: 2016-01-27), 10-K (filing date: 2015-11-04), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22), 10-Q (filing date: 2015-01-28), 10-K (filing date: 2014-11-05), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23), 10-Q (filing date: 2014-01-29).

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.’s revenues increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. Qualcomm Inc.’s operating income decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Income (loss) 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.’s income (loss) from continuing operations before income taxes decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
Net income (loss) attributable to Qualcomm The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Qualcomm Inc.’s net income (loss) attributable to Qualcomm decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.