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. 25, 2016
Sep. 27, 2015
Sep. 28, 2014
Revenues:      
Equipment and services $ 15,467 $ 17,079 $ 18,625
Licensing 8,087 8,202 7,862
Total revenues 23,554 25,281 26,487
Costs and expenses:      
Cost of revenues 9,749 10,378 10,686
Research and development 5,151 5,490 5,477
Selling, general and administrative 2,385 2,344 2,290
Other (Note 2) (226) 1,293 484
Total costs and expenses 17,059 19,505 18,937
Operating income 6,495 5,776 7,550
Interest expense (297) (104) (5)
Investment income, net (Note 2) 635 815 1,233
Income from continuing operations before income taxes 6,833 6,487 8,778
Income tax expense (1,131) (1,219) (1,244)
Income from continuing operations 5,702 5,268 7,534
Discontinued operations, net of income taxes (Note 11) 0 0 430
Net income 5,702 5,268 7,964
Net loss attributable to noncontrolling interests 3 3 3
Net income attributable to Qualcomm $ 5,705 $ 5,271 $ 7,967
Basic earnings per share attributable to Qualcomm:      
Continuing operations $ 3.84 $ 3.26 $ 4.48
Discontinued operations 0.00 0.00 0.25
Net income 3.84 3.26 4.73
Diluted earnings per share attributable to Qualcomm:      
Continuing operations 3.81 3.22 4.40
Discontinued operations 0.00 0.00 0.25
Net income $ 3.81 $ 3.22 $ 4.65
Shares used in per share calculations:      
Basic 1,484 1,618 1,683
Diluted 1,498 1,639 1,714
Dividends per share announced $ 2.02 $ 1.80 $ 1.54