Summary
This filing is an amendment to a previous report by QUALCOMM Incorporated (QCOM), primarily correcting a clerical error related to their historical investment income (expense), net for the fiscal year ended September 30, 2001. The company revised this figure from a net expense of $365 million to a net expense of $317 million in their unaudited pro forma condensed consolidated statements. This adjustment results in an improved pro forma net loss per share, decreasing from a loss of $1.35 to a loss of $1.29 on both a basic and diluted basis. While the core business operations and overall reported net loss remain substantial, this amendment provides a more accurate depiction of the company's historical investment performance. Investors should note that the pro forma statements reflect adjustments, such as those related to QUALCOMM Vesper, which significantly impact the presented financial results. The pro forma net loss for the year ended September 30, 2001, stands at $(974.2) million, or $(1.29) per diluted share.
Key Highlights
- 1Amendment corrects a clerical error in historical investment income (expense), net for the year ended September 30, 2001.
- 2Investment expense, net for the year ended Sep 30, 2001, was revised from a $365 million net expense to a $317 million net expense.
- 3Pro forma basic and diluted net loss per share improved from $(1.35) to $(1.29) due to the investment income correction.
- 4Unaudited Pro Forma Condensed Consolidated Statement of Operations for the year ended September 30, 2001, is presented.
- 5Pro Forma Revenues for the year ended September 30, 2001, were $2,805,266 thousand.
- 6Pro Forma Net Loss for the year ended September 30, 2001, was $(974,221) thousand.
- 7The filing includes specific pro forma adjustments related to 'QUALCOMM Vesper'.