Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
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Qualcomm Inc., consolidated balance sheet: assets
US$ in millions
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).
The financial data reveals several notable trends in asset composition and changes over the observed periods.
- Cash and Cash Equivalents
- There is a marked decrease from US$11,839 million in 2019 to US$2,773 million in 2022, followed by a notable recovery to US$8,450 million in 2023, and a slight decline to US$7,849 million in 2024.
- Marketable Securities
- A substantial increase occurred from US$421 million in 2019 to US$4,507 million in 2020, maintaining elevated levels with some fluctuation, decreasing in 2022 and 2023 before rebounding to US$5,451 million in 2024.
- Accounts Receivable, Trade (Net)
- The figures show significant growth in 2020 and 2022, peaking at US$4,175 million, then dropping to US$1,923 million in 2023, with a modest increase to US$2,347 million in 2024.
- Unbilled Receivables
- Values remained relatively stable throughout the periods, fluctuating between US$1,223 million and US$1,546 million, indicating consistent levels of revenue to be billed.
- Accounts Receivable, Net
- This combined measure followed a similar pattern to accounts receivable trade and unbilled receivables, increasing to a peak of US$5,643 million in 2022 before a decline and partial recovery in the following years.
- Inventories
- Strong upward trend is apparent, nearly doubling from US$1,400 million in 2019 to approximately US$6,423 million in 2024, indicating increased stock levels over time.
- Held for Sale Assets
- Data is sparse but shows some recognition starting in 2022 with US$733 million, decreasing substantially thereafter.
- Other Current Assets
- An increase is observed from US$634 million in 2019 to a high of US$1,625 million in 2022, followed by a decrease and then a rebound to US$1,579 million in 2024.
- Current Assets
- The overall current assets grew steadily from US$16,765 million in 2019 to US$25,231 million in 2024, demonstrating expanding liquidity and short-term resources.
- Deferred Tax Assets
- A consistent and strong upward trend is noted from US$1,196 million in 2019 to US$5,162 million in 2024, more than quadrupling over the period.
- Property, Plant, and Equipment (Net)
- Growth was observed from 2019 to 2022, peaking at US$5,168 million, then a decline occurred through 2024, with the figure falling to US$4,665 million.
- Goodwill
- Goodwill values increased steadily, from US$6,282 million in 2019 to US$10,799 million in 2024, indicating acquisitions or revaluations raising intangible asset levels.
- Other Intangible Assets (Net)
- A declining trend is observed, from US$2,172 million in 2019 to US$1,244 million in 2024, which might reflect amortization or impairment expenses exceeding additions.
- Additional Held for Sale Assets
- Alternate data entries in 2022 and 2023 show US$1,200 million and US$88 million respectively, indicating planned disposals during these periods.
- Other Assets
- These assets rose from US$3,461 million in 2019 to peak at US$8,086 million in 2023, holding steady at US$8,053 million in 2024.
- Noncurrent Assets
- Overall noncurrent assets have steadily increased from US$16,192 million in 2019 to US$29,923 million in 2024, more than doubling, which points to an expanding asset base beyond current holdings.
- Total Assets
- Total assets have shown significant growth, increasing from US$32,957 million in 2019 to US$55,154 million in 2024, reflecting broad-based growth across both current and noncurrent asset categories.
In summary, the data indicates a general trend of asset growth, particularly driven by expansions in current assets, deferred tax assets, goodwill, and inventories. The decline in cash during the early periods followed by partial recovery may reflect changes in liquidity management or investment strategy. Meanwhile, the reduction in other intangible assets contrasts with the rising goodwill, suggesting shifts in intangible asset composition. The increasing deferred tax assets and steady rise in total assets underscore a growing and possibly more complex asset structure over time.