Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Qualcomm Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Sep 29, 2024	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019
Net income from continuing operations	10,110)	7,339)	12,986)	9,043)	5,198)	4,386)
Depreciation and amortization expense	1,706)	1,809)	1,762)	1,582)	1,393)	1,401)
Indefinite and long-lived asset impairment charges	7)	182)	2)	5)	—)	—)
Income tax provision in excess of (less than) income tax payments	(3,064)	(1,269)	(138)	(245)	(309)	1,976)
Share-based compensation expense	2,648)	2,484)	2,031)	1,663)	1,212)	1,037)
Net (gains) losses on marketable securities and other investments	(349)	(152)	432)	(1,002)	(336)	(356)
Impairment losses on other investments	79)	132)	47)	33)	405)	135)
Other items, net	(67)	25)	(56)	(82)	(142)	(69)
Accounts receivable, net	(768)	2,472)	(2,066)	426)	(1,529)	1,373)
Inventories	13)	8)	(3,137)	(622)	(1,157)	273)
Other assets	230)	603)	(2,266)	(1,649)	(110)	78)
Trade accounts payable	682)	(1,880)	1,036)	495)	907)	(443)
Payroll, benefits and other liabilities	1,046)	1)	(1,043)	1,091)	528)	(2,376)
Unearned revenues	20)	(56)	(324)	(202)	(246)	(129)
Changes in assets and liabilities	1,223)	1,148)	(7,800)	(461)	(1,607)	(1,224)
Adjustments to reconcile net income to net cash provided by operating activities	2,183)	4,359)	(3,720)	1,493)	616)	2,900)
Net cash provided by operating activities	12,293)	11,698)	9,266)	10,536)	5,814)	7,286)
Capital expenditures	(1,041)	(1,450)	(2,262)	(1,888)	(1,407)	(887)
Purchases of debt and equity marketable securities	(5,069)	(668)	(1,414)	(5,907)	(6,213)	—)
Proceeds from sales and maturities of debt and equity marketable securities	2,677)	1,566)	2,622)	5,555)	2,399)	139)
Acquisitions and other investments, net of cash acquired	(254)	(235)	(4,912)	(1,377)	(185)	(252)
Proceeds from sales of property, plant and equipment	10)	127)	5)	3)	—)	—)
Proceeds from other investments	88)	20)	132)	320)	100)	68)
Other items, net	(36)	19)	25)	(62)	43)	126)
Net cash used by investing activities	(3,625)	(621)	(5,804)	(3,356)	(5,263)	(806)
Proceeds from short-term debt	799)	5,068)	7,000)	2,886)	2,848)	5,989)
Repayment of short-term debt	(799)	(5,566)	(7,003)	(2,885)	(2,846)	(6,492)
Repayment of debt of acquired company	—)	—)	(349)	—)	—)	—)
Proceeds from long-term debt	—)	1,880)	1,477)	—)	1,988)	—)
Repayment of long-term debt	(914)	(1,446)	(1,540)	—)	(2,219)	—)
Proceeds from issuance of common stock	383)	434)	356)	347)	329)	414)
Repurchases and retirements of common stock	(4,121)	(2,973)	(3,129)	(3,366)	(2,450)	(1,793)
Dividends paid	(3,687)	(3,462)	(3,212)	(3,008)	(2,882)	(2,968)
Payments of tax withholdings related to vesting of share-based awards	(932)	(521)	(766)	(737)	(344)	(266)
Other items, net	(17)	(19)	(30)	(35)	(131)	(1,270)
Net cash used by financing activities	(9,288)	(6,605)	(7,196)	(6,798)	(5,707)	(6,386)
Net cash used by operating activities from discontinued operations	(91)	(399)	(170)	—)	—)	—)
Net cash provided by investing activities from discontinued operations	2)	1,383)	—)	—)	—)	—)
Net cash provided (used) by financing activities from discontinued operations	19)	(58)	—)	—)	—)	—)
Net cash provided (used) by discontinued operations	(70)	926)	(170)	—)	—)	—)
Effect of exchange rate changes on cash and cash equivalents	12)	30)	(113)	27)	24)	(32)
Net increase (decrease) in cash and cash equivalents	(678)	5,428)	(4,017)	409)	(5,132)	62)
Cash and cash equivalents at beginning of period, including classified as held for sale	8,527)	3,099)	7,116)	6,707)	11,839)	11,777)
Cash and cash equivalents at end of period, including classified as held for sale	7,849)	8,527)	3,099)	7,116)	6,707)	11,839)

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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Qualcomm Inc. net cash provided by operating activities increased from 2022 to 2023 and from 2023 to 2024.
Net cash used by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Qualcomm Inc. net cash used by investing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.
Net cash used by financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Qualcomm Inc. net cash used by financing activities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Qualcomm Inc. (NASDAQ:QCOM)

Cash Flow Statement