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. 24, 2017
Sep. 25, 2016
Sep. 27, 2015
Revenues:      
Equipment and services $ 16,647 $ 15,467 $ 17,079
Licensing 5,644 8,087 8,202
Total revenues 22,291 23,554 25,281
Costs and expenses:      
Cost of revenues 9,792 9,749 10,378
Research and development 5,485 5,151 5,490
Selling, general and administrative 2,658 2,385 2,344
Other (Note 2) 1,742 (226) 1,293
Total costs and expenses 19,677 17,059 19,505
Operating income 2,614 6,495 5,776
Interest expense (494) (297) (104)
Investment and other income, net (Note 2) 900 635 815
Income before income taxes 3,020 6,833 6,487
Income tax expense (555) (1,131) (1,219)
Net income 2,465 5,702 5,268
Net loss attributable to noncontrolling interests 1 3 3
Net income attributable to Qualcomm $ 2,466 $ 5,705 $ 5,271
Basic earnings per share attributable to Qualcomm $ 1.67 $ 3.84 $ 3.26
Diluted earnings per share attributable to Qualcomm $ 1.65 $ 3.81 $ 3.22
Shares used in per share calculations:      
Basic 1,477 1,484 1,618
Diluted 1,490 1,498 1,639
Dividends per share announced $ 2.20 $ 2.02 $ 1.80