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
|
$ 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 |