Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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Qualcomm Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-28), 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29).
The overall capital structure demonstrates a significant shift toward equity-based financing over the analyzed period. While total liabilities remained relatively stable, ranging primarily between 27.6 billion and 31.5 billion US dollars, total stockholders' equity experienced substantial growth, increasing from 4.5 billion US dollars in December 2019 to 27.7 billion US dollars by June 2026.
- Current Liabilities and Operational Obligations
- Current liabilities exhibited volatility, peaking at 13.4 billion US dollars in March 2022 before stabilizing between 7.8 billion and 11.4 billion US dollars. Trade accounts payable showed a general upward trajectory, rising from 1.7 billion US dollars in 2019 to approximately 2.9 billion US dollars by mid-2026, suggesting an expansion in operational scale or modified vendor payment terms. Unearned revenues declined steadily from 1.1 billion US dollars in late 2019 to below 100 million US dollars in the latter half of the period, indicating a change in the timing of revenue recognition or a reduction in advance payments from customers.
- Debt Profile and Long-Term Obligations
- Long-term debt remained the primary component of noncurrent liabilities, generally fluctuating between 12.1 billion and 15.5 billion US dollars. Short-term debt showed high variability, with sharp increases and decreases, such as the jump to 3.5 billion US dollars in March 2022 followed by a reduction to 500 million US dollars by March 2023, reflecting active liquidity management or periodic refinancing activities. Noncurrent liabilities overall remained stable, hovering around the 18 billion to 21 billion US dollar range.
- Equity Growth and Retained Earnings
- The growth in stockholders' equity was driven predominantly by a consistent and aggressive increase in retained earnings. Retained earnings grew from 4.4 billion US dollars in December 2019 to 27.3 billion US dollars by June 2026. This sustained accumulation of earnings indicates strong profitability and a strategic decision to reinvest capital into the organization rather than distributing it entirely as dividends.
- Overall Solvency and Capitalization
- The relationship between liabilities and equity evolved significantly. In 2019, total liabilities were more than six times the amount of stockholders' equity. By June 2026, total liabilities and stockholders' equity were nearly equal, with liabilities representing approximately 53% of the total capitalization. This transition represents a substantial reduction in financial leverage and a marked improvement in the company's solvency position.