Investor Facts
| THIRD QUARTER FISCAL 2009 | View Archive |
THIRD QUARTER RESULTS (GAAP)
- Revenues: $2.75 billion, compared to $2.76 billion in the prior year and $2.46 billion in the prior quarter.
- Operating income: $894 million, compared to $824 million in the prior year and an operating loss of $10 million in the prior quarter.*
- Net Income: $737 million, compared to $748 million in the prior year and a net loss of $289 million in the prior quarter.*
- Diluted earnings per share: $0.44, compared to $0.45 in the prior year and diluted loss per share of $0.18 in the prior quarter.*
- Effective tax rate: 25 percent for the quarter. Fiscal 2009 estimated tax rate of approximately 33 percent.
- Operating cash flow: $1.09 billion, up 47 percent year-over-year; 39 percent of revenues.
- Return of capital to stockholders: $282 million, or $0.17 per share of cash dividends paid.
* The second quarter of fiscal 2009 results reflected a $748 million litigation settlement charge related to a settlement and patent agreement with Broadcom Corporation.
| OCF | OCF % of GAAP Revenues | |
|---|---|---|
| FY06 | $3,253 | 43% |
| FY07 | $3,811 | 43% |
| FY08 | $3,558 | 32% |
| 9MFY09 | $5,851 | 76% |
Cash Flow
Qualcomm's cash, cash equivalents and marketable securities totaled approximately $15.7 billion at the end of the third quarter of fiscal 2009, compared to $14.0 billion at the end of the second quarter of fiscal 2009 and $11.2 billion a year ago.
RECONCILIATION OF NON-GAAP CASH FLOW METRICS TO GAAP EQUIVALENTS
($ in millions)
| Free Cash Flow (FCF) | FY 2006 | FY 2007 | FY 2008 | 9MFY09 | |
|---|---|---|---|---|---|
| Net cash provided by operations^ (OCF) | $3,253 | $3,811 | $3,558 | $5,851 | GAAP equivalent |
| Less capital expenditures | (685) | (818) | (1,397) | (617) | |
| Free Cash Flow | $2,568 | $2,993 | $2,161 | $5,234 | Presented herein |
| Cash Flow/Revenues | FY 2006 | FY 2007 | FY 2008 | 9MFY09 | |
| OCF | $3,253 | $3,811 | $3,558 | $5,851 | |
| Revenues | $7,526 | $8,871 | $11,142 | $7,726 | |
| OCF/Revenues | 43% | 43% | 32% | 76% | |
| FCF^^ | $2,568 | $2,993 | $2,161 | $5,234 | |
| FCF as a % of OCF | 79% | 79% | 61% | 89% | |
^As reported in the GAAP Statement of Cash Flows.
^^Refer to reconciliation of FCF to OCF (GAAP equivalent) presented above.
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Net Stock Repurchase
$1.5 billion
(Fiscal 2006)
$1.5 billion
(Fiscal 2007)
$1.7 billion
(Fiscal 2008)
$0.3 billion
(YTD FY 2009*)
* Data as of July 22, 2009.
NASDAQ Listed: QCOM
52 Week High and Low
Market Cap
Shares Outstanding
Average Daily Trading Volume
| Market Data/Split Adjusted | |||
|---|---|---|---|
| INITIAL PUBLIC OFFERING December 1991 |
$68 million | 147.2 million shares | @ $ 0.50 |
| SUBSEQUENT OFFERING July 1993 |
$151 million | 92.8 million shares | @ $ 1.72 |
| SUBSEQUENT OFFERING August 1995 |
$486 million | 184 million shares | @ $ 2.74 |
| SUBSEQUENT OFFERING July 1999 |
$1.1 billion | 56 million shares | @ $ 19.57 |
Note Regarding Forward-Looking Statements: In addition to the historical information contained herein, this document contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ substantially from those referred to herein due to a number of factors, including but not limited to risks associated with: the rate of deployment and adoption of our technologies in wireless networks and of wireless communications, equipment and services, including CDMA2000 1X, 1xEV-DO, WCDMA, HSPA and OFDMA both domestically and internationally; the current uncertainty of global economic conditions and its potential impact on demand for our products, services or applications and the value of our marketable securities; attacks on our business model, including results of current and future litigation and arbitration proceedings, as well as actions of governmental or quasi-governmental bodies, and the costs we incur in connection therewith, including potentially damaged relationships with customers and operators who may be impacted by the results of these proceedings; our dependence on major customers and licensees; foreign currency fluctuations; strategic loans, investments and transactions we have or may pursue; our dependence on third-party manufacturers and suppliers; our ability to maintain and improve operational efficiencies and profitability; the development, deployment and commercial acceptance of the FLO TV™ network and FLO™ technology; as well as the other risks detailed from time-to-time in our SEC reports.
