Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Qualcomm Inc., consolidated cash flow 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
Net income (loss) from continuing operations	7,339)	12,986)	9,043)	5,198)	4,386)	(4,864)
Depreciation and amortization expense	1,809)	1,762)	1,582)	1,393)	1,401)	1,561)
Indefinite and long-lived asset impairment charges	182)	2)	5)	—)	—)	—)
Income tax provision in excess of (less than) income tax payments	(1,269)	(138)	(245)	(309)	1,976)	4,502)
Share-based compensation expense	2,484)	2,031)	1,663)	1,212)	1,037)	883)
Net gains (losses) on marketable securities and other investments	(152)	432)	(1,002)	(336)	(356)	(124)
Impairment losses on other investments	132)	47)	33)	405)	135)	75)
Other items, net	25)	(56)	(82)	(142)	(69)	402)
Accounts receivable, net	2,472)	(2,066)	426)	(1,529)	1,373)	734)
Inventories	8)	(3,137)	(622)	(1,157)	273)	337)
Other assets	603)	(2,266)	(1,649)	(110)	78)	30)
Trade accounts payable	(1,880)	1,036)	495)	907)	(443)	(94)
Payroll, benefits and other liabilities	1)	(1,043)	1,091)	528)	(2,376)	687)
Unearned revenues	(56)	(324)	(202)	(246)	(129)	(234)
Changes in assets and liabilities	1,148)	(7,800)	(461)	(1,607)	(1,224)	1,460)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	4,359)	(3,720)	1,493)	616)	2,900)	8,759)
Net cash provided by operating activities	11,698)	9,266)	10,536)	5,814)	7,286)	3,895)
Capital expenditures	(1,450)	(2,262)	(1,888)	(1,407)	(887)	(784)
Purchases of debt and equity marketable securities	(668)	(1,414)	(5,907)	(6,213)	—)	(5,936)
Proceeds from sales and maturities of debt and equity marketable securities	1,566)	2,622)	5,555)	2,399)	139)	9,188)
Purchases of other marketable securities	—)	—)	—)	—)	—)	(49)
Proceeds from sales and maturities of other marketable securities	—)	—)	—)	—)	—)	50)
Release of investments designated as collateral	—)	—)	—)	—)	—)	2,000)
Acquisitions and other investments, net of cash acquired	(235)	(4,912)	(1,377)	(185)	(252)	(326)
Proceeds from sales of property, plant and equipment	127)	5)	3)	—)	—)	—)
Proceeds from other investments	20)	132)	320)	100)	68)	222)
Other items, net	19)	25)	(62)	43)	126)	16)
Net cash (used) provided by investing activities	(621)	(5,804)	(3,356)	(5,263)	(806)	4,381)
Proceeds from short-term debt	5,068)	7,000)	2,886)	2,848)	5,989)	11,131)
Repayment of short-term debt	(5,566)	(7,003)	(2,885)	(2,846)	(6,492)	(11,127)
Repayment of debt of acquired company	—)	(349)	—)	—)	—)	—)
Proceeds from long-term debt	1,880)	1,477)	—)	1,988)	—)	—)
Repayment of long-term debt	(1,446)	(1,540)	—)	(2,219)	—)	(5,500)
Proceeds from issuance of common stock	434)	356)	347)	329)	414)	603)
Repurchases and retirements of common stock	(2,973)	(3,129)	(3,366)	(2,450)	(1,793)	(22,580)
Dividends paid	(3,462)	(3,212)	(3,008)	(2,882)	(2,968)	(3,466)
Payments of tax withholdings related to vesting of share-based awards	(521)	(766)	(737)	(344)	(266)	(280)
Other items, net	(19)	(30)	(35)	(131)	(1,270)	(268)
Net cash used by financing activities	(6,605)	(7,196)	(6,798)	(5,707)	(6,386)	(31,487)
Net cash used by operating activities from discontinued operations	(399)	(170)	—)	—)	—)	—)
Net cash provided by investing activities from discontinued operations	1,383)	—)	—)	—)	—)	—)
Net cash used by financing activities from discontinued operations	(58)	—)	—)	—)	—)	—)
Net cash provided (used) by discontinued operations	926)	(170)	—)	—)	—)	—)
Effect of exchange rate changes on cash and cash equivalents	30)	(113)	27)	24)	(32)	(41)
Net increase (decrease) in cash and cash equivalents	5,428)	(4,017)	409)	(5,132)	62)	(23,252)
Cash and cash equivalents at beginning of period, including classified as held for sale	3,099)	7,116)	6,707)	11,839)	11,777)	35,029)
Cash and cash equivalents at end of period, including classified as held for sale	8,527)	3,099)	7,116)	6,707)	11,839)	11,777)

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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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Qualcomm Inc. net cash provided by operating activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash (used) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Qualcomm Inc. net cash (used) provided by investing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash used by financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Qualcomm Inc. net cash used by financing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Qualcomm Inc. (NASDAQ:QCOM)

Cash Flow Statement