| Share-based compensation expense related to all share-based awards |
Total share-based compensation expense, related to all of our share-based awards, was comprised as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
June 30,
2019 |
|
June 24,
2018 |
|
June 30,
2019 |
|
June 24,
2018 |
Cost of revenues |
$ |
8 |
|
|
$ |
9 |
|
|
$ |
23 |
|
|
$ |
30 |
|
Research and development |
164 |
|
|
140 |
|
|
479 |
|
|
447 |
|
Selling, general and administrative |
74 |
|
|
40 |
|
|
196 |
|
|
182 |
|
Share-based compensation expense before income taxes |
246 |
|
|
189 |
|
|
698 |
|
|
659 |
|
Related income tax benefit |
(48 |
) |
|
(34 |
) |
|
(127 |
) |
|
(111 |
) |
|
$ |
198 |
|
|
$ |
155 |
|
|
$ |
571 |
|
|
$ |
548 |
|
|
| Cumulative effects of adopting the new revenue accounting standard |
The following table summarizes the cumulative effects of adopting the new revenue accounting guidance (substantially all of which related to the impact to QTL’s sales-based royalties) on our condensed consolidated balance sheet at October 1, 2018 (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of September 30,
2018 |
|
Adjustment |
|
Opening Balance as of October 1,
2018 |
Assets |
|
|
|
|
|
Accounts receivable, net |
$ |
2,904 |
|
|
$ |
957 |
|
|
$ |
3,861 |
|
Other current assets |
699 |
|
|
1 |
|
|
700 |
|
Deferred tax assets |
936 |
|
|
(98 |
) |
|
838 |
|
Other assets |
1,970 |
|
|
1 |
|
|
1,971 |
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
Unearned revenues, current |
$ |
500 |
|
|
$ |
6 |
|
|
$ |
506 |
|
Other current liabilities |
6,978 |
|
|
125 |
|
|
7,103 |
|
Unearned revenues |
1,620 |
|
|
(110 |
) |
|
1,510 |
|
|
|
|
|
|
|
Stockholders’ equity |
|
|
|
|
|
Retained earnings |
$ |
542 |
|
|
$ |
840 |
|
|
$ |
1,382 |
|
The following tables summarize the impacts of adopting the new revenue accounting guidance on our condensed consolidated balance sheet and statements of operations (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2019 |
Balance Sheet |
As Reported
ASC 606
|
|
Adjustment |
|
ASC 605 |
Assets |
|
|
|
|
|
Accounts receivable, net |
$ |
2,390 |
|
|
$ |
(1,070 |
) |
|
$ |
1,320 |
|
Other current assets |
682 |
|
|
(32 |
) |
|
650 |
|
Deferred tax assets |
1,172 |
|
|
106 |
|
|
1,278 |
|
Other assets |
2,062 |
|
|
(1 |
) |
|
2,061 |
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
Unearned revenues, current |
$ |
527 |
|
|
$ |
(41 |
) |
|
$ |
486 |
|
Other current liabilities |
4,725 |
|
|
(31 |
) |
|
4,694 |
|
Unearned revenues |
1,251 |
|
|
138 |
|
|
1,389 |
|
|
|
|
|
|
|
Stockholders’ equity |
|
|
|
|
|
Retained earnings |
$ |
4,687 |
|
|
$ |
(1,063 |
) |
|
$ |
3,624 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2019 |
|
Nine Months Ended June 30, 2019 |
Statements of Operations |
As Reported
ASC 606
|
|
Adjustment |
|
ASC 605 |
|
As Reported
ASC 606
|
|
Adjustment |
|
ASC 605 |
Revenues |
|
|
|
|
|
|
|
|
|
|
|
Equipment and services |
$ |
3,531 |
|
|
$ |
(10 |
) |
|
$ |
3,521 |
|
|
$ |
11,037 |
|
|
$ |
(80 |
) |
|
$ |
10,957 |
|
Licensing |
6,104 |
|
|
(239 |
) |
|
5,865 |
|
|
8,422 |
|
|
(196 |
) |
|
8,226 |
|
Investment and other income, net |
344 |
|
|
(1 |
) |
|
343 |
|
|
377 |
|
|
— |
|
|
377 |
|
Income tax (expense) benefit |
(3,352 |
) |
|
49 |
|
|
(3,303 |
) |
|
(2,987 |
) |
|
53 |
|
|
(2,934 |
) |
Net income |
2,149 |
|
|
(201 |
) |
|
1,948 |
|
|
3,880 |
|
|
(223 |
) |
|
3,657 |
|
|