Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 25, 2012
Mar. 27, 2011
Mar. 25, 2012
Mar. 27, 2011
Revenues:        
Equipment and services $ 3,137 $ 2,039 [1] $ 6,305 $ 4,252 [1]
Licensing 1,806 1,831 [1] 3,320 2,965 [1]
Total revenues 4,943 3,870 [1] 9,625 7,217 [1]
Operating expenses:        
Cost of equipment and services revenues 1,783 1,059 [1] 3,537 2,103 [1]
Research and development 954 738 [1] 1,827 1,386 [1]
Selling, general and administrative 595 529 [1] 1,098 938 [1]
Other 97 114 [1] 97 114 [1]
Total operating expenses 3,429 2,440 [1] 6,559 4,541 [1]
Operating income 1,514 1,430 [1] 3,066 2,676 [1]
Investment income, net (Note 3) 220 189 [1] 389 412 [1]
Income from continuing operations before income taxes 1,734 1,619 [1] 3,455 3,088 [1]
Income tax expense (296) (355) [1] (617) (573) [1]
Income from continuing operations 1,438 1,264 [1] 2,838 2,515 [1]
Discontinued operations, net of income taxes (Note 8) 761 (269) [1] 756 (351) [1]
Net income 2,199 995 [1] 3,594 [2] 2,164 [1]
Net loss attributable to noncontrolling interests 31 4 [1] 37 4 [1]
Net income attributable to Qualcomm $ 2,230 $ 999 [1] $ 3,631 $ 2,168 [1]
Basic earnings (loss) per share attributable to Qualcomm:        
Continuing operations $ 0.86 $ 0.76 [1] $ 1.70 $ 1.53 [1]
Discontinued operations $ 0.45 $ (0.16) [1] $ 0.45 $ (0.21) [1]
Net income $ 1.31 $ 0.60 [1] $ 2.15 $ 1.32 [1]
Diluted earnings (loss) per share attributable to Qualcomm:        
Continuing operations $ 0.84 $ 0.75 [1] $ 1.66 $ 1.51 [1]
Discontinued operations $ 0.44 $ (0.16) [1] $ 0.44 $ (0.21) [1]
Net income $ 1.28 $ 0.59 [1] $ 2.10 $ 1.30 [1]
Shares used in per share calculations:        
Basic 1,698 1,654 [1] 1,691 1,639 [1]
Diluted 1,743 1,689 [1] 1,732 1,669 [1]
Dividends per share announced $ 0.215 $ 0.190 [1] $ 0.43 $ 0.38 [1]
[1] As adjusted for discontinued operations (Note 8)
[2] Discontinued operations, net of income taxes, (Note 8) was attributable to Qualcomm.