01—Abstract
Summary
Summary of the 10-K/A filed December 22, 2009. Cited figures are marked; the original filing is the authoritative source.
QUALCOMM Incorporated (QCOM) is filing an amendment (10-K/A) to its annual report for the fiscal year ended September 27, 2009.
The primary purpose of this amendment is to furnish Schedule II, "Valuation and Qualifying Accounts," which was inadvertently omitted from the original interactive data submission. This filing does not introduce new financial performance information but rather corrects a procedural omission related to XBRL tagging.
02—Key points
Key Highlights
- This is an amendment (10-K/A) to the original 10-K filing, not a new financial disclosure.
- The amendment's sole purpose is to include the 'Valuation and Qualifying Accounts' schedule in the interactive data format (XBRL).
- The fiscal year-end for this report is September 27, 2009.
- QCOM is classified as a 'large accelerated filer'.
- The filing confirms that the company has met its reporting obligations for the preceding 12 months and the past 90 days.
- The aggregate market value of non-affiliate common stock as of March 29, 2009, was approximately $62.3 billion.
- As of November 2, 2009, there were 1,670,313,078 shares of common stock outstanding.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2009, Qualcomm Inc kept $0.15.
- Revenue$10.39B100.0%
- Cost of revenue−$3.02B29.1%
- Gross profit$7.36B70.9%
- Operating costs−$4.82B46.4%
- Operating income$2.54B24.5%
- Interest, other & tax−$950.0M9.1%
- Net income$1.59B15.3%
Where FY2009 revenue went
$10.39B- Cost of revenue: $3.02B, 29% of revenue
- R&D: $2.35B, 23% of revenue
- Net income: $1.59B, 15% of revenue
- SG&A: $1.46B, 14% of revenue
- Other operating costs: $1.01B, 9.8% of revenue
- Interest, other & tax: $950.0M, 9.1% of revenue
Kept 15% as net income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2009filed December 22, 2009Financial Statements
FY2009 against FY2008
| Line item | FY2009FY2008 | Change |
|---|---|---|
| Revenue | $10.39B$11.14B | −6.8% |
| Cost of Revenue | $3.02B$3.41B | −11.4% |
| Gross Profit | $7.36B$7.73B | −4.7% |
| R&D Expenses | $2.35B$2.28B | +2.8% |
| SG&A Expenses | $1.46B$1.72B | −14.9% |
| Operating Income | $2.54B$3.73B | −31.8% |
| Interest Expense | -$13.00M$22.00M | −159.1% |
| Net Income | $1.59B$3.16B | −49.6% |
| EPS (Basic) | $0.96$1.94 | −50.5% |
| EPS (Diluted) | $0.95$1.90 | −50.0% |
| Shares Outstanding (Basic) | 1.66B1.63B | +1.5% |
| Shares Outstanding (Diluted) | 1.67B1.66B | +0.8% |
05—Questions
Frequently Asked Questions
What is the main reason for this 10-K/A filing?
The main reason for this filing is to provide the 'Valuation and Qualifying Accounts' schedule (Schedule II) in the required interactive data format (XBRL), which was accidentally left out of the original submission.
Does this amendment change QUALCOMM's financial results for fiscal year 2009?
No, this amendment does not change QUALCOMM's reported financial results. It is a procedural correction to include a previously omitted schedule in the electronic filing format.
What is QUALCOMM's status as a filer?
QUALCOMM is a well-known seasoned issuer and a large accelerated filer, indicating it is a large, established public company with significant market capitalization and a history of timely SEC filings.
When did the fiscal year covered by this report end?
The fiscal year covered by this report ended on September 27, 2009.
06—Continue