Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

$24.99

Adjustments to Financial Statements

Microsoft Excel

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Adjustments to Total Assets

Qualcomm Inc., adjusted total assets

US$ in millions

Microsoft Excel
Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Less: Non-current deferred tax assets2
After Adjustment
Adjusted total assets

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).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Non-current deferred tax assets. See details »


Adjustments to Current Liabilities

Qualcomm Inc., adjusted current liabilities

US$ in millions

Microsoft Excel
Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Current liabilities
Adjustments
Less: Current unearned revenues
After Adjustment
Adjusted current liabilities

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).


Adjustments to Total Liabilities

Qualcomm Inc., adjusted total liabilities

US$ in millions

Microsoft Excel
Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Non-current deferred tax liabilities (included in Other liabilities)2
Less: Unearned revenues
After Adjustment
Adjusted total liabilities

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Non-current deferred tax liabilities (included in Other liabilities). See details »


Adjustments to Stockholders’ Equity

Qualcomm Inc., adjusted stockholders’ equity

US$ in millions

Microsoft Excel
Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Stockholders’ equity
Adjustments
Less: Net deferred tax assets (liabilities)1
Add: Unearned revenues
After Adjustment
Adjusted stockholders’ equity

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).

1 Net deferred tax assets (liabilities). See details »


Adjustments to Capitalization Table

Qualcomm Inc., adjusted capitalization table

US$ in millions

Microsoft Excel
Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Short-term debt
Long-term debt
Total reported debt
Stockholders’ equity
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Operating lease liabilities (recorded in Other current liabilities)2
Add: Operating lease liabilities (recorded in Other liabilities)3
Adjusted total debt
Adjustments to Equity
Less: Net deferred tax assets (liabilities)4
Add: Unearned revenues
Adjusted stockholders’ equity
After Adjustment
Adjusted total capital

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).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Operating lease liabilities (recorded in Other current liabilities). See details »

3 Operating lease liabilities (recorded in Other liabilities). See details »

4 Net deferred tax assets (liabilities). See details »


Adjustments to Revenues

Qualcomm Inc., adjusted revenues

US$ in millions

Microsoft Excel
12 months ended: Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Revenues
Adjustment
Add: Increase (decrease) in unearned revenues
After Adjustment
Adjusted revenues

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).


Adjustments to Reported Income

Qualcomm Inc., adjusted net income (loss)

US$ in millions

Microsoft Excel
12 months ended: Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Net income (loss)
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in unearned revenues
Less: Discontinued operations, net of income taxes
Add: Other comprehensive income (loss), net of income taxes
After Adjustment
Adjusted net income (loss)

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).

1 Deferred income tax expense (benefit). See details »