Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

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

Microsoft Excel
Sep 29, 2024 Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019
Trade accounts payable 2,584 1,912 3,796 2,750 2,248 1,368
Payroll and other benefits related liabilities 1,834 1,685 1,486 1,531 1,053 1,048
Unearned revenues 297 293 369 612 568 565
Short-term debt 1,364 914 1,945 2,044 500 2,496
Held for sale liabilities 333 581
Customer incentives and other customer-related liabilities 2,480 1,821 1,879 1,974 1,721 1,129
Income taxes payable 1,080 1,717 634 862 549 480
Other 865 953 1,176 2,178 2,033 1,849
Other current liabilities 4,425 4,491 3,689 5,014 4,303 3,458
Current liabilities 10,504 9,628 11,866 11,951 8,672 8,935
Unearned revenues 88 99 144 364 761 1,160
Long-term debt 13,270 14,484 13,537 13,701 15,226 13,437
Held for sale liabilities 38 119
Other liabilities 5,018 5,210 5,335 5,274 4,858 4,516
Noncurrent liabilities 18,376 19,831 19,135 19,339 20,845 19,113
Total liabilities 28,880 29,459 31,001 31,290 29,517 28,048
Preferred stock, $0.0001 par value; none outstanding
Common stock and paid-in capital, $0.0001 par value 490 195 586 343
Retained earnings 25,687 20,733 17,840 9,822 5,284 4,466
Accumulated other comprehensive income (loss) 587 358 (22) 128 207 100
Stockholders’ equity 26,274 21,581 18,013 9,950 6,077 4,909
Total liabilities and stockholders’ equity 55,154 51,040 49,014 41,240 35,594 32,957

Based on: 10-K (reporting date: 2024-09-29), 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).


The analysis of the financial data reveals several notable trends and shifts in the company's liability and equity structure over the six-year period ending in 2024.

Current Liabilities
The current liabilities exhibit fluctuation with a peak in 2021 at 11,951 million US dollars, followed by a decrease in 2023 to 9,628 million US dollars, and a slight rebound in 2024 to 10,504 million US dollars. Key components such as trade accounts payable increased significantly from 1,368 million in 2019 to a peak of 3,796 million in 2022 before dropping to 1,912 million in 2023 and rising again to 2,584 million in 2024. Payroll and other benefits related liabilities show a continuous growth trend, rising steadily each year from 1,048 million to 1,834 million. Unearned revenues as part of current liabilities show a declining trend from 565 million in 2019 to 297 million in 2024, signaling reduced advance payments or deferred income. Short-term debt experiences variability: a dramatic decrease from 2,496 million in 2019 to 500 million in 2020, then increasing to a high of 2,044 million in 2021, followed by decreases and subsequent slight recovery in 2024.
Noncurrent Liabilities
Noncurrent liabilities have generally remained stable, fluctuating around the range of 18,000 to 21,000 million US dollars throughout the period. Long-term debt shows some variation, peaking in 2020 at 15,226 million before a general decline to 13,270 million in 2024. Other liabilities and held for sale liabilities (when applicable) have relatively minor fluctuations without a clear directional trend.
Total Liabilities
Total liabilities peaked in 2021 at 31,290 million US dollars, followed by a slight decline to 28,880 million in 2024. The data indicates a focus on managing total debt levels with fluctuations primarily driven by current liabilities' movements.
Stockholders’ Equity
Stockholders' equity presents a strong upward trajectory from 4,909 million in 2019 to 26,274 million in 2024, indicating significant growth in retained earnings and comprehensive income. Retained earnings have increased nearly sixfold, from 4,466 million to 25,687 million, underscoring sustained profitability and earnings retention. Accumulated other comprehensive income, although fluctuating, turns positive after 2021, reaching 587 million in 2024.
Total Liabilities and Stockholders’ Equity
The sum of liabilities and equity has grown consistently from 32,957 million in 2019 to 55,154 million in 2024, reflecting an overall expansion in the company's capital base.

In summary, the company has demonstrated a pattern of increasing long-term value as evidenced by the rising stockholders' equity and retained earnings, despite some variability in liabilities, especially current liabilities. The management of debt and other obligations has shown periodic adjustments, likely reflecting tactical financial management in response to operational and market conditions. The overall financial structure suggests an emphasis on strengthening equity while carefully managing liabilities.