SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 28, 2001
QUALCOMM INCORPORATED
Delaware
(State or other jurisdiction of incorporation)
| 000-19528 (Commission File No.) |
95-3685934 (IRS Employer Identification No.) |
5775 MOREHOUSE DRIVE
SAN DIEGO, CALIFORNIA 92121
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (858) 587-1121
| Item 7.(b)(1) Unaudited Pro Forma Condensed Consolidated Financial Information of QUALCOMM Incorporated | ||||||||
| SIGNATURE | ||||||||
This Form 8-K/A is amending the Form 8-K/A, originally filed by QUALCOMM on
January 28, 2002, to correct a clerical error. This Form 8-K/A amends
QUALCOMM’s historical investment income (expense), net for the year ended
September 30, 2001, as presented in the unaudited pro forma condensed
consolidated statement of operations, to change the amount from a net expense
of $365 million to a net expense of $317 million. As a result, pro forma basic
and diluted net loss per share decreased from a $1.35 net loss per share to a
$1.29 net loss per share.
Table of Contents
Item 7.(b)(1) Unaudited Pro Forma Condensed Consolidated Financial Information of QUALCOMM Incorporated
QUALCOMM Incorporated
Unaudited Pro Forma Condensed Consolidated Statement of Operations
(in thousands, except per share data)
| Year Ended September 30, 2001 | |||||||||||||||||
| Historical | |||||||||||||||||
| QUALCOMM | Vesper | Adjustments | Pro Forma | ||||||||||||||
Revenues |
$ | 2,679,786 | $ | 125,480 | $ | — | $ | 2,805,266 | |||||||||
Operating expenses: |
|||||||||||||||||
Cost of revenues |
1,035,103 | 313,378 | (44,702 | )(i) | 1,303,779 | ||||||||||||
Research and development |
414,760 | — | — | 414,760 | |||||||||||||
Selling, general and administrative |
367,155 | 217,558 | (19,330 | )(i) | 565,383 | ||||||||||||
Amortization of goodwill and intangible assets |
255,230 | 3,387 | 4,360 | (j) | 262,977 | ||||||||||||
Asset impairment and related charges |
518,026 | — | — | 518,026 | |||||||||||||
Other |
50,825 | — | — | 50,825 | |||||||||||||
Total operating expenses |
2,641,099 | 534,323 | (59,672 | ) | 3,115,750 | ||||||||||||
Operating income (loss) |
38,687 | (408,843 | ) | 59,672 | (310,484 | ) | |||||||||||
Interest expense |
(10,235 | ) | (129,065 | ) | 88,866 | (k) | (50,434 | ) | |||||||||
Investment expense, net |
(317,091 | ) | — | 243,530 | (l) | (73,561 | ) | ||||||||||
Other |
(167,001 | ) | (339,109 | ) | 88,806 | (m) | (417,304 | ) | |||||||||
Loss before income taxes and accounting change |
(455,640 | ) | (877,017 | ) | 480,874 | (851,783 | ) | ||||||||||
Income tax expense |
(104,501 | ) | — | — | (104,501 | ) | |||||||||||
Loss before accounting change |
(560,141 | ) | (877,017 | ) | 480,874 | (956,284 | ) | ||||||||||
Accounting changes, net of tax |
(17,937 | ) | — | — | (17,937 | ) | |||||||||||
Net loss |
$ | (578,078 | ) | $ | (877,017 | ) | $ | 480,874 | $ | (974,221 | ) | ||||||
Basic net loss per common share: |
|||||||||||||||||
Loss before accounting change |
$ | (0.74 | ) | $ | (1.27 | ) | |||||||||||
Accounting change, net of tax |
(0.02 | ) | (0.02 | ) | |||||||||||||
Net loss |
$ | (0.76 | ) | $ | (1.29 | ) | |||||||||||
Diluted net loss per common share: |
|||||||||||||||||
Loss before accounting change |
$ | (0.74 | ) | $ | (1.27 | ) | |||||||||||
Accounting change, net of tax |
(0.02 | ) | (0.02 | ) | |||||||||||||
Net loss |
$ | (0.76 | ) | $ | (1.29 | ) | |||||||||||
Shares used in per share calculations: |
|||||||||||||||||
Basic |
755,969 | 755,969 | |||||||||||||||
Diluted |
755,969 | 755,969 | |||||||||||||||
See accompanying notes to unaudited pro forma condensed consolidated financial information
3.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| QUALCOMM INCORPORATED | |||||
| Dated: February 15, 2002 | By: | /S/ WILLIAM E. KEITEL | |||
| William E. Keitel, Senior Vice President and Chief Financial Officer |
|||||
4.