What was the primary reason for filing this 8-K/A amendment?

The primary reason for filing this 8-K/A amendment was to correct a typographical error in the retained earnings figure on QUALCOMM's condensed consolidated balance sheet as of June 30, 2013, which was initially released on July 24, 2013.

Where can I find the corrected financial information?

The corrected financial information is available in the press release issued by QUALCOMM on July 24, 2013, which is furnished as Exhibit 99.1 to this 8-K/A filing.

Does this amendment impact QUALCOMM's reported financial performance for the quarter?

While the amendment corrects an error in the balance sheet, the impact on the overall reported financial performance for the quarter (e.g., revenue, net income) is likely minimal, assuming the error was confined to retained earnings and not a systemic issue affecting income statement items. Investors should review the corrected press release for the precise figures.

What are non-GAAP financial measures, and why does QUALCOMM present them?

Non-GAAP financial measures are financial metrics that exclude or include amounts not permitted by GAAP. QUALCOMM presents them because management believes they provide additional useful information to investors regarding the company's financial condition and results of operations, offering a different perspective on performance. However, these should be considered in addition to, not as a substitute for, GAAP measures.

QCOM 8-K: Earnings & Results

Summary

QUALCOMM Incorporated (QCOM) filed an 8-K/A amendment on July 24, 2013, to correct a typographical error in their previously issued press release regarding third quarter fiscal 2013 financial results. The error was specifically in the retained earnings amount as of June 30, 2013, and consequently affected the balance sheet totals. Investors should refer to the corrected press release, furnished as Exhibit 99.1, for the accurate financial figures. The filing also notes the inclusion of non-GAAP financial measures in the press release. While these are presented to provide additional insights into management's view of the company's performance and financial condition, they should be considered supplementary to, and not a replacement for, the standard GAAP financial measures. The company has provided reconciliations for these non-GAAP measures.

Key Highlights

1Correction of a typographical error in retained earnings for Q3 fiscal 2013.
2The error affected the condensed consolidated balance sheet and corresponding totals.
3A corrected press release was issued on July 24, 2013, and is provided as an exhibit.
4The company continues to provide non-GAAP financial measures alongside GAAP measures.
5Management believes non-GAAP measures offer useful insights to investors.
6Reconciliation between GAAP and non-GAAP financial measures is included in the press release.

QUALCOMM INC/DE 8-K/A Report, Financial Results (Jul 25, 2013)

Summary

Key Highlights

Frequently Asked Questions