Qualcomm Announces First Quarter Fiscal 2021 Results

Stockholders’ equity:

 

Preferred stock, $0.0001 par value; 8 shares authorized; none outstanding

Common stock and paid-in capital, $0.0001 par value; 6,000 shares authorized; 1,136 and 1,131 shares issued and outstanding, respectively

 

113

 

586

Retained earnings

6,974

5,284

Accumulated other comprehensive income

293

207

Total stockholders’ equity

7,380

6,077

Total liabilities and stockholders’ equity

$ 37,479

 

image

$ 35,594

 

QUALCOMM Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except per share data) (Unaudited)

 

Three Months Ended

 

December 27,

December 29,

2020

2019

Revenues:

 

 

Equipment and services

$ 6,442

$ 3,534

Licensing

1,793

1,543

Total revenues

8,235

5,077

Costs and expenses:

 

 

Cost of revenues

3,489

2,113

Research and development

1,653

1,406

Selling, general and administrative

567

528

Total costs and expenses

5,709

4,047

Operating income

2,526

1,030

Interest expense

(141)

(148)

Investment and other income, net

219

65

Income before income taxes

2,604

947

Income tax expense

(149)

(22)

Net income

$ 2,455

$ 925

 

 

 

Basic earnings per share

$ 2.16

$ 0.81

Diluted earnings per share

$ 2.12

$ 0.80

Shares used in per share calculations:

 

 

Basic

1,134

1,144

Diluted

1,156

1,159

 

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