10-Q Filing

QUALCOMM INC/DE CIK: 804328 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001728949-22-000012`
Period End Date	20211231
Filing Date	20220202
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	qcom-20211226_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 34 Cash Flow Statement 66 Stockholders Equity 12 Comprehensive Income 16

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.61B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.12B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$5.30B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.70B	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$3.58B	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$4.03B	USD	Point-in-time
Inventories	`InventoryNet`	$3.86B	USD	Point-in-time
Inventories	`InventoryNet`	$3.23B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$854.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.02B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.22B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.07B	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.45B	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.59B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.56B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.72B	USD	Point-in-time
Goodwill	`Goodwill`	$7.26B	USD	Point-in-time
Goodwill	`Goodwill`	$7.25B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.37B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.46B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.78B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.31B	USD	Point-in-time
Total assets	`Assets`	$42.82B	USD	Point-in-time
Total assets	`Assets`	$41.24B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$3.53B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$2.75B	USD	Point-in-time
Payroll and other benefits related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$1.44B	USD	Point-in-time
Payroll and other benefits related liabilities	`EmployeeRelatedLiabilitiesCurrent`	$1.53B	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$604.00M	USD	Point-in-time
Unearned revenues	`DeferredRevenueCurrent`	$612.00M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$2.04B	USD	Point-in-time
Short-term debt	`DebtCurrent`	$2.04B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$5.01B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.66B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.95B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.27B	USD	Point-in-time
Unearned revenues	`DeferredRevenueNoncurrent`	$364.00M	USD	Point-in-time
Unearned revenues	`DeferredRevenueNoncurrent`	$257.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$1.71B	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$1.69B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$13.71B	USD	Point-in-time
Long-term debt	`LongTermDebt`	$13.70B	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$3.56B	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$3.56B	USD	Point-in-time
Total liabilities	`Liabilities`	$31.49B	USD	Point-in-time
Total liabilities	`Liabilities`	$31.29B	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 8 shares authorized; none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 8 shares authorized; none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	8.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	8.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock and paid-in capital, $0.0001 par value; 6,000 shares authorized; 1,125 and 1,125 shares issued and outstanding, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	-	USD	Point-in-time
Common stock and paid-in capital, $0.0001 par value; 6,000 shares authorized; 1,125 and 1,125 shares issued and outstanding, respectively	`CommonStocksIncludingAdditionalPaidInCapital`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	6.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	6.00B	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	1.12B	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	1.12B	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	1.12B	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	1.12B	shares	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$11.28B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.82B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$58.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$128.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.38B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.95B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.08B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.33B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$42.82B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$41.24B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Equipment and services	`EquipmentAndServices`	$6.44B	USD	1 Quarter
Equipment and services	`EquipmentAndServices`	$8.68B	USD	1 Quarter
Licensing	`LicensingRevenues`	$2.02B	USD	1 Quarter
Licensing	`LicensingRevenues`	$1.79B	USD	1 Quarter
Total revenues	`Revenues`	$8.23B	USD	1 Quarter
Total revenues	`Revenues`	$10.71B	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$3.49B	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$4.30B	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.93B	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.65B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$608.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$567.00M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.71B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$6.84B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.53B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.86B	USD	1 Quarter
Interest expense	`InterestExpense`	$141.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$139.00M	USD	1 Quarter
Investment and other income, net	`InvestmentIncomeNonoperating`	$219.00M	USD	1 Quarter
Investment and other income, net	`InvestmentIncomeNonoperating`	$140.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.87B	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.60B	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$466.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$149.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.40B	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.46B	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$3.02	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.16	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.98	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.12	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.12B	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.13B	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.14B	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.16B	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$3.40B	USD	1 Quarter
Net income	`ProfitLoss`	$2.46B	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$406.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$364.00M	USD	1 Quarter
Income tax provision in excess of income tax payments	`IncomeTaxProvisionLessThanInExcessOfIncomeTaxPayments`	$53.00M	USD	1 Quarter
Income tax provision in excess of income tax payments	`IncomeTaxProvisionLessThanInExcessOfIncomeTaxPayments`	$272.00M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$496.00M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$392.00M	USD	1 Quarter
Net gains on marketable securities and other investments	`GainLossOnInvestments`	$103.00M	USD	1 Quarter
Net gains on marketable securities and other investments	`GainLossOnInvestments`	$195.00M	USD	1 Quarter
Other items, net	`OtherNoncashIncomeExpense`	$18.00M	USD	1 Quarter
Other items, net	`OtherNoncashIncomeExpense`	$25.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$141.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$454.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$638.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-62.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.50B	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$97.00M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$129.00M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$781.00M	USD	1 Quarter
Payroll, benefits and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$278.00M	USD	1 Quarter
Payroll, benefits and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-495.00M	USD	1 Quarter
Unearned revenues	`IncreaseDecreaseInDeferredRevenue`	$-107.00M	USD	1 Quarter
Unearned revenues	`IncreaseDecreaseInDeferredRevenue`	$-78.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.17B	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.06B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$469.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$583.00M	USD	1 Quarter
Purchases of debt and equity marketable securities	`PaymentsToAcquireMarketableSecurities`	$2.25B	USD	1 Quarter
Purchases of debt and equity marketable securities	`PaymentsToAcquireMarketableSecurities`	$517.00M	USD	1 Quarter
Proceeds from sales and maturities of debt and equity marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.13B	USD	1 Quarter
Proceeds from sales and maturities of debt and equity marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.61B	USD	1 Quarter
Acquisitions and other investments, net of cash acquired	`AcquisitionsAndOtherInvestmentsNetofCashAcquired`	$238.00M	USD	1 Quarter
Acquisitions and other investments, net of cash acquired	`AcquisitionsAndOtherInvestmentsNetofCashAcquired`	$138.00M	USD	1 Quarter
Proceeds from other investments	`Proceedsfromotherinvestments`	$10.00M	USD	1 Quarter
Proceeds from other investments	`Proceedsfromotherinvestments`	$93.00M	USD	1 Quarter
Other items, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-31.00M	USD	1 Quarter
Other items, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-112.00M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.20B	USD	1 Quarter
Proceeds from short-term debt	`ProceedsFromIssuanceOfCommercialPaper`	$819.00M	USD	1 Quarter
Proceeds from short-term debt	`ProceedsFromIssuanceOfCommercialPaper`	$710.00M	USD	1 Quarter
Repayment of short-term debt	`RepaymentsOfCommercialPaper`	$818.00M	USD	1 Quarter
Repayment of short-term debt	`RepaymentsOfCommercialPaper`	$710.00M	USD	1 Quarter
Repurchases and retirements of common stock	`PaymentsForRepurchaseOfCommonStock`	$444.00M	USD	1 Quarter
Repurchases and retirements of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.18B	USD	1 Quarter
Dividends paid	`PaymentsOfOrdinaryDividends`	$765.00M	USD	1 Quarter
Dividends paid	`PaymentsOfOrdinaryDividends`	$739.00M	USD	1 Quarter
Payments of tax withholdings related to vesting of share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$449.00M	USD	1 Quarter
Payments of tax withholdings related to vesting of share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$500.00M	USD	1 Quarter
Other items, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-14.00M	USD	1 Quarter
Other items, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.00M	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.45B	USD	1 Quarter
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.65B	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-8.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$41.00M	USD	1 Quarter
Net (decrease) increase in total cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$369.00M	USD	1 Quarter
Net (decrease) increase in total cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-509.00M	USD	1 Quarter
Total cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.71B	USD	Point-in-time
Total cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.61B	USD	Point-in-time
Total cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.08B	USD	Point-in-time
Total cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.12B	USD	Point-in-time
Total cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.71B	USD	Point-in-time
Total cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.61B	USD	Point-in-time
Total cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.08B	USD	Point-in-time
Total cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.12B	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.38B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.95B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.08B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.33B	USD	Point-in-time
Net income	`ProfitLoss`	$3.40B	USD	1 Quarter
Net income	`ProfitLoss`	$2.46B	USD	1 Quarter
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.38B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.95B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.08B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.33B	USD	Point-in-time
Dividends per share announced	`CommonStockDividendsPerShareDeclared`	$0.68	USD	1 Quarter
Dividends per share announced	`CommonStockDividendsPerShareDeclared`	$0.65	USD	1 Quarter

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$3.40B	USD	1 Quarter
Net income	`ProfitLoss`	$2.46B	USD	1 Quarter
Foreign currency translation (losses) gains	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-42.00M	USD	1 Quarter
Foreign currency translation (losses) gains	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$87.00M	USD	1 Quarter
Net unrealized (losses) gains on available-for-sale debt securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.00M	USD	1 Quarter
Net unrealized (losses) gains on available-for-sale debt securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-19.00M	USD	1 Quarter
Net unrealized gains on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$10.00M	USD	1 Quarter
Net unrealized gains on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.00M	USD	1 Quarter
Other losses	`OtherGainsLossesOtherComprehensiveIncome`	-	USD	1 Quarter
Other losses	`OtherGainsLossesOtherComprehensiveIncome`	$3.00M	USD	1 Quarter
Certain reclassifications included in net income	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	$11.00M	USD	1 Quarter
Certain reclassifications included in net income	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	$11.00M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$86.00M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-70.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.33B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.54B	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.