Stock Analysis on Net
Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

Common-Size Income Statement

Qualcomm Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Sep 29, 2024 Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019
Equipment and services 84.16 83.83 84.10 79.67 69.26 60.19
Licensing 15.84 16.17 15.90 20.33 30.74 39.81
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of revenues -43.79 -44.30 -42.16 -42.49 -39.33 -35.43
Gross profit 56.21% 55.70% 57.84% 57.51% 60.67% 64.57%
Research and development -22.82 -24.62 -18.54 -21.38 -25.39 -22.24
Selling, general and administrative -7.08 -6.93 -5.81 -6.97 -8.81 -9.04
Other -0.46 -2.41 2.40 0.00 0.12 -1.71
Operating income 25.85% 21.74% 35.88% 29.16% 26.58% 31.59%
Interest expense -1.79 -1.94 -1.11 -1.67 -2.56 -2.58
Interest and dividend income 1.73 0.87 0.21 0.25 0.66 1.24
Net gains (losses) on marketable securities 0.04 0.21 -0.82 1.27 0.84 1.22
Net gains on other investments 0.45 0.06 0.26 1.40 0.46 0.28
Net gains (losses) on deferred compensation plan assets 0.51 0.24 -0.32 0.39 0.20 0.04
Impairment losses on other investments -0.20 -0.37 -0.11 -0.10 -1.72 -0.56
Other -0.05 -0.04 -0.06 -0.10 -0.16 -0.40
Investment and other income (expense), net 2.47% 0.97% -0.84% 3.11% 0.28% 1.82%
Income from continuing operations before income taxes 26.53% 20.78% 33.93% 30.61% 24.30% 30.82%
Income tax expense -0.58 -0.29 -4.55 -3.67 -2.21 -12.75
Income from continuing operations 25.95% 20.49% 29.38% 26.94% 22.09% 18.07%
Discontinued operations, net of income taxes 0.08 -0.30 -0.11 0.00 0.00 0.00
Net income 26.03% 20.19% 29.27% 26.94% 22.09% 18.07%

Based on: 10-K (reporting date: 2024-09-29), 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).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Qualcomm Inc. operating income as a percentage of revenues decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Income from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Qualcomm Inc. income from continuing operations before income taxes as a percentage of revenues decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Qualcomm Inc. net income as a percentage of revenues decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.