Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Qualcomm Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Trade accounts payable	1,912)	3,796)	2,750)	2,248)	1,368)	1,825)
Payroll and other benefits related liabilities	1,685)	1,486)	1,531)	1,053)	1,048)	1,081)
Unearned revenues	293)	369)	612)	568)	565)	500)
Short-term debt	914)	1,945)	2,044)	500)	2,496)	1,005)
Held for sale liabilities	333)	581)	—)	—)	—)	—)
Customer incentives and other customer-related liabilities	1,821)	1,879)	1,974)	1,721)	1,129)	3,347)
Income taxes payable	1,717)	634)	862)	549)	480)	453)
RF360 Holdings Put and Call Option	—)	—)	—)	—)	—)	1,137)
Other	953)	1,176)	2,178)	2,033)	1,849)	1,888)
Other current liabilities	4,491)	3,689)	5,014)	4,303)	3,458)	6,825)
Current liabilities	9,628)	11,866)	11,951)	8,672)	8,935)	11,236)
Unearned revenues	99)	144)	364)	761)	1,160)	1,620)
Income taxes payable	1,080)	1,472)	1,713)	1,872)	2,088)	2,312)
Long-term debt	14,484)	13,537)	13,701)	15,226)	13,437)	15,365)
Held for sale liabilities	38)	119)	—)	—)	—)	—)
Other liabilities	4,130)	3,863)	3,561)	2,986)	2,428)	1,225)
Noncurrent liabilities	19,831)	19,135)	19,339)	20,845)	19,113)	20,522)
Total liabilities	29,459)	31,001)	31,290)	29,517)	28,048)	31,758)
Preferred stock, $0.0001 par value; none outstanding	—)	—)	—)	—)	—)	—)
Common stock and paid-in capital, $0.0001 par value	490)	195)	—)	586)	343)	—)
Retained earnings	20,733)	17,840)	9,822)	5,284)	4,466)	663)
Accumulated other comprehensive income (loss)	358)	(22)	128)	207)	100)	265)
Stockholders’ equity	21,581)	18,013)	9,950)	6,077)	4,909)	928)
Total liabilities and stockholders’ equity	51,040)	49,014)	41,240)	35,594)	32,957)	32,686)

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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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Qualcomm Inc. current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Qualcomm Inc. noncurrent liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Qualcomm Inc. total liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Qualcomm Inc. stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Qualcomm Inc. (NASDAQ:QCOM)

Balance Sheet: Liabilities and Stockholders’ Equity