Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Sep. 29, 2013
Revenues:      
Equipment and services $ 17,079 $ 18,625 $ 16,988
Licensing 8,202 7,862 7,878
Total revenues 25,281 26,487 24,866
Costs and expenses:      
Cost of equipment and services revenues 10,378 10,686 9,820
Research and development 5,490 5,477 4,967
Selling, general and administrative 2,344 2,290 2,518
Other 1,293 484 331
Total costs and expenses 19,505 18,937 17,636
Operating income 5,776 7,550 7,230
Interest expense (104) (5) (23)
Investment income, net (Note 2) 815 1,233 987
Income from continuing operations before income taxes 6,487 8,778 8,194
Income tax expense (1,219) (1,244) (1,349)
Income from continuing operations 5,268 7,534 6,845
Discontinued operations, net of income taxes (Note 11) 0 430 0
Net income 5,268 7,964 6,845
Net loss attributable to noncontrolling interests 3 3 8
Net income attributable to Qualcomm $ 5,271 $ 7,967 $ 6,853
Basic earnings per share attributable to Qualcomm:      
Continuing operations $ 3.26 $ 4.48 $ 3.99
Discontinued operations 0.00 0.25 0.00
Net income 3.26 4.73 3.99
Diluted earnings per share attributable to Qualcomm:      
Continuing operations 3.22 4.40 3.91
Discontinued operations 0.00 0.25 0.00
Net income $ 3.22 $ 4.65 $ 3.91
Shares used in per share calculations:      
Basic 1,618 1,683 1,715
Diluted 1,639 1,714 1,754
Dividends per share announced $ 1.80 $ 1.54 $ 1.20