Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 26, 2017
Mar. 27, 2016
Mar. 26, 2017
Mar. 27, 2016
Revenues:        
Equipment and services $ 3,689 $ 3,349 $ 7,828 $ 7,436
Licensing 1,327 2,202 3,187 3,890
Total revenues 5,016 5,551 11,015 11,326
Costs and expenses:        
Cost of revenues 2,208 2,141 4,651 4,675
Research and development 1,386 1,301 2,697 2,653
Selling, general and administrative 615 619 1,206 1,198
Other (Note 2) 78 75 954 (299)
Total costs and expenses 4,287 4,136 9,508 8,227
Operating income 729 1,415 1,507 3,099
Interest expense (107) (72) (197) (145)
Investment income, net (Note 2) 235 127 417 226
Income before income taxes 857 1,470 1,727 3,180
Income tax expense (108) (306) (296) (520)
Net income 749 1,164 1,431 2,660
Net loss attributable to noncontrolling interests 0 0   2
Net income attributable to Qualcomm $ 749 $ 1,164 $ 1,431 $ 2,662
Basic earnings per share attributable to Qualcomm $ 0.51 $ 0.78 $ 0.97 $ 1.78
Diluted earnings per share attributable to Qualcomm $ 0.50 $ 0.78 $ 0.96 $ 1.77
Shares used in per share calculations:        
Basic 1,477 1,487 1,478 1,495
Diluted 1,489 1,498 1,492 1,507
Dividends per share announced $ 0.53 $ 0.48 $ 1.06 $ 0.96