Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in millions

	Sep 28, 2025	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
Trade accounts payable	2,791)	2,337)	2,479)	2,581)	2,584)	2,586)	2,314)	2,147)	1,912)	1,744)	1,430)	2,562)	3,796)	3,752)	3,724)	3,526)	2,750)	2,709)	2,548)	2,429)	2,248)	2,046)	2,061)	1,718)
Payroll and other benefits related liabilities	1,839)	1,586)	1,248)	1,424)	1,834)	1,780)	1,253)	1,757)	1,685)	1,546)	1,227)	1,460)	1,486)	1,578)	1,124)	1,440)	1,531)	1,503)	994)	1,149)	1,053)	1,020)	699)	939)
Unearned revenues	358)	285)	232)	212)	297)	263)	253)	210)	293)	249)	277)	289)	369)	463)	534)	604)	612)	618)	586)	540)	568)	550)	529)	511)
Short-term debt	—)	—)	1,365)	1,365)	1,364)	1,364)	914)	914)	914)	914)	499)	1,446)	1,945)	1,945)	3,485)	2,042)	2,044)	2,045)	500)	500)	500)	500)	2,499)	2,498)
Held for sale liabilities	—)	—)	—)	—)	—)	—)	—)	336)	333)	300)	648)	646)	581)	677)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other current liabilities	4,156)	3,592)	4,220)	4,372)	4,425)	3,754)	4,409)	3,805)	4,491)	3,710)	3,785)	3,678)	3,689)	3,414)	4,565)	4,661)	5,014)	4,585)	4,442)	4,605)	4,303)	3,798)	3,986)	3,528)
Current liabilities	9,144)	7,800)	9,544)	9,954)	10,504)	9,747)	9,143)	9,169)	9,628)	8,463)	7,866)	10,081)	11,866)	11,829)	13,432)	12,273)	11,951)	11,460)	9,070)	9,223)	8,672)	7,914)	9,774)	9,194)
Unearned revenues	71)	93)	82)	77)	88)	108)	135)	93)	99)	92)	104)	105)	144)	180)	228)	257)	364)	475)	563)	644)	761)	864)	968)	1,061)
Long-term debt	14,811)	14,788)	13,258)	13,212)	13,270)	13,190)	14,543)	14,566)	14,484)	14,530)	15,486)	15,431)	13,537)	13,600)	12,195)	13,708)	13,701)	13,695)	15,235)	15,231)	15,226)	15,425)	13,449)	13,437)
Held for sale liabilities	—)	—)	—)	—)	—)	—)	—)	43)	38)	36)	116)	111)	119)	128)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other liabilities	4,911)	4,972)	4,760)	5,452)	5,018)	5,026)	4,877)	5,206)	5,210)	5,211)	5,092)	5,476)	5,335)	5,235)	5,119)	5,249)	5,274)	4,962)	4,876)	5,001)	4,858)	4,819)	4,702)	4,906)
Noncurrent liabilities	19,793)	19,853)	18,100)	18,741)	18,376)	18,324)	19,555)	19,908)	19,831)	19,869)	20,798)	21,123)	19,135)	19,143)	17,542)	19,214)	19,339)	19,132)	20,674)	20,876)	20,845)	21,108)	19,119)	19,404)
Total liabilities	28,937)	27,653)	27,644)	28,695)	28,880)	28,071)	28,698)	29,077)	29,459)	28,332)	28,664)	31,204)	31,001)	30,972)	30,974)	31,487)	31,290)	30,592)	29,744)	30,099)	29,517)	29,022)	28,893)	28,598)
Preferred stock, $0.0001 par value; none outstanding	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock and paid-in capital, $0.0001 par value	—)	—)	—)	—)	—)	—)	66)	—)	490)	77)	—)	—)	195)	—)	—)	—)	—)	—)	—)	113)	586)	113)	—)	—)
Retained earnings	20,646)	26,552)	27,333)	26,607)	25,687)	24,273)	23,965)	22,565)	20,733)	20,163)	19,280)	18,517)	17,840)	15,830)	13,113)	11,275)	9,822)	7,993)	7,143)	6,974)	5,284)	3,081)	2,990)	4,376)
Accumulated other comprehensive income (loss)	560)	657)	395)	273)	587)	397)	438)	493)	358)	430)	418)	293)	(22)	218)	215)	58)	128)	184)	281)	293)	207)	112)	55)	137)
Stockholders’ equity	21,206)	27,209)	27,728)	26,880)	26,274)	24,670)	24,469)	23,058)	21,581)	20,670)	19,698)	18,810)	18,013)	16,048)	13,328)	11,333)	9,950)	8,177)	7,424)	7,380)	6,077)	3,306)	3,045)	4,513)
Total liabilities and stockholders’ equity	50,143)	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)

The analysis of the quarterly financial data reveals several notable trends and shifts over the periods under review.

Trade Accounts Payable: Trade accounts payable demonstrated a general upward trend from the end of 2019 through the end of 2022, peaking in the fourth quarter of 2022. After this peak, there was a significant drop at the end of 2022 followed by volatility with moderate increases and decreases throughout 2023 and into mid-2024. This fluctuation may indicate changes in procurement, vendor payment practices, or operational adjustments impacting liabilities.
Payroll and Other Benefits Related Liabilities: This category exhibited considerable volatility with a peak around the third quarter of 2021, followed by a decline towards the end of 2021 and early 2022. Subsequently, an upward adjustment was noted during 2023, reaching new highs in most recent quarters. Such movements could reflect workforce changes, compensation adjustments, or accrued benefits fluctuations.
Unearned Revenues: Unearned revenues presented two separate reported lines with overall declines across most reporting periods. The short-term balances steadily diminished from 2019 to 2024, indicating accelerated revenue recognition or reduced advanced receipts. However, intermittent increases in certain quarters suggest fluctuations in contract timing or billing cycles.
Short-term Debt: Short-term debt remained relatively stable initially but included notable increases towards late 2021. Thereafter, the figures oscillated with several decreases and increases, especially in 2023 and subsequent quarters, suggesting refinancing activities, debt repayments, or short-term borrowing adjustments in managing liquidity.
Held for Sale Liabilities: These liabilities appeared intermittently in the reporting periods, indicating occasional asset disposals slated for sale. The values were higher around mid-2022 but diminished and disappeared from some subsequent periods, consistent with asset sales completions.
Other Current Liabilities: Other current liabilities showed a broad range of fluctuations, generally rising until late 2021, then exhibiting variability with declines and rebounds through 2023 and 2024. This pattern suggests evolving operational costs, accruals, and other short-term obligations adjustments over time.
Current Liabilities: Current liabilities generally increased through 2021, peaking around the end of that year, then declined significantly into early 2023. More recent quarters show moderate recovery with fluctuations, highlighting changes in operational funding requirements and working capital dynamics.
Long-term Debt: Long-term debt amounts were relatively stable with minor fluctuations but contained a noticeable peak in late 2022. Post-2022, the long-term debt showed slight variability but remained in a narrow range, signaling stable debt management practices without significant new long-term borrowings or repayments.
Other Liabilities: Other liabilities maintained a fairly consistent level with minor fluctuations throughout the periods studied, suggesting steady non-current obligation profiles not heavily impacted by significant one-time events.
Noncurrent Liabilities: Noncurrent liabilities mostly aligned with the trends in long-term debt and other liabilities, demonstrating moderate consistency with some increases and decreases aligned with strategic financial management and liability reclassifications.
Total Liabilities: Total liabilities steadily increased from 2019 through 2021, reached a peak near the end of 2021, and then showed marginal decreases and volatility through 2023 and 2024. The aggregate trend suggests careful balancing of debt and payables to support business continuity and growth.
Stockholders’ Equity: Stockholders’ equity exhibited a strong upward trend across most of the periods. Starting from a lower base in 2019, it progressively increased, with notable accelerations in late 2020 and through 2022, reflecting retained earnings growth and positive comprehensive income. There was a decline observed in late 2023 and early 2024, potentially signaling share buybacks, dividend payments, or other equity adjustments.
Retained Earnings: Retained earnings consistently increased throughout the timeframe, indicating sustained profitability and accumulation of earnings over time. The growth was steady with minor deceleration in late 2023 and 2024, consistent with the trends in stockholders’ equity.
Accumulated Other Comprehensive Income (Loss): This item fluctuated but generally trended upward, with occasional decreases that may reflect market-related gains or losses impacting other comprehensive income components.
Total Liabilities and Stockholders’ Equity: The sum of liabilities and equity demonstrated a continuous increase over time, consistent with overall growth in the company’s total financial position. The data suggests expansion in asset base funded by a mix of liabilities and equity, with some stabilization towards the latest quarters.

Overall, the financial data indicate a period of growth and expansion, supported by increased liabilities balanced by rising equity, with attention to managing short-term obligations and maintaining long-term debt levels. The variability in current liabilities and payables points to active operational management, while consistent growth in retained earnings signals positive earnings performance over the periods analyzed.

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Qualcomm Inc. (NASDAQ:QCOM)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data