Qualcomm Announces Fourth Quarter and Fiscal 2013 Results

Fiscal 2013 Revenues $24.9 billion

(PRNewswire) —

SAN DIEGO, Nov. 6, 2013 /PRNewswire-FirstCall/ -- Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced results for the fiscal fourth quarter and year ended September 29, 2013.

"I am very pleased with our record financial performance this year as we delivered revenues of $25 billion, up 30% versus last year. Our technologies underpin the global growth of wireless data, and our semiconductor solutions are used across the industry's flagship smartphones," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Looking forward, we expect continued strong growth of 3G and 3G/4G multimode devices around the world, particularly in China with the anticipated launch of LTE. Qualcomm remains well positioned from a growth standpoint, and we expect double-digit compound annual growth rates for both revenues and earnings per share over the next five years."

GAAP Results

Fourth Quarter Fiscal 2013*

  • Revenues: 1 $6.48 billion, up 33 percent year-over-year (y-o-y) and 4 percent sequentially.
  • Operating income: 1 $1.59 billion, up 29 percent y-o-y and down 5 percent sequentially.
  • Net income: 2 $1.50 billion, up 18 percent y-o-y and down 5 percent sequentially.
  • Diluted earnings per share: 2 $0.86, up 18 percent y-o-y and down 4 percent sequentially.
  • Effective tax rate: 1 18 percent.
  • Operating cash flow: $2.52 billion, up 79 percent y-o-y; 39 percent of revenues.
  • Return of capital to stockholders: $3.91 billion, including $3.32 billion through repurchases of 50.7 million shares of common stock and $592 million, or $0.35 per share, of cash dividends paid.

1 Throughout this news release, fiscal 2012 results for FLO TV are presented as discontinued operations. Revenues, operating expenses, operating income, earnings before tax (EBT) and effective tax rates are from continuing operations (i.e., before adjustments for noncontrolling interests and, for fiscal 2012, discontinued operations), unless otherwise stated.

2 Throughout this news release, net income and diluted earnings per share are attributable to Qualcomm (i.e., after adjustments for noncontrolling interests and discontinued operations), unless otherwise stated.

Fiscal 2013*

  • Revenues: $24.87 billion, up 30 percent y-o-y.
  • Operating income: $7.23 billion, up 27 percent y-o-y.
  • Net income: $6.85 billion, up 12 percent y-o-y.
  • Diluted earnings per share: $3.91, up 11 percent y-o-y.
  • Effective tax rate: 16 percent.
  • Operating cash flow: $8.78 billion, up 46 percent y-o-y; 35 percent of revenues.
  • Return of capital to stockholders: $6.66 billion, including $4.61 billion through repurchases of 71.7 million shares of common stock and $2.05 billion, or $1.20 per share, of cash dividends paid.

Non-GAAP Results

Non-GAAP results exclude the QSI (Qualcomm Strategic Initiatives) segment and certain share-based compensation, acquisition-related items and tax items.

Fourth Quarter Fiscal 2013*

  • Revenues: $6.48 billion, up 33 percent y-o-y and 4 percent sequentially.
  • Operating income: $1.94 billion, up 20 percent y-o-y and down 5 percent sequentially.
  • Net income: $1.82 billion, up 18 percent y-o-y and even sequentially.
  • Diluted earnings per share: $1.05 , up 18 percent y-o-y and 2 percent sequentially.
  • Effective tax rate: 16 percent.
  • Free cash flow (defined as net cash from operating activities less capital expenditures): $2.38 billion , up 92 percent y-o-y; 37 percent of revenues.

1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Downstream : Solutuions for Post processing PCB Designs

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
ICScape: At the Junction of Math & CS, EDA & IP
Peggy AycinenaIP Showcase
by Peggy Aycinena
Arm Momentum: Segars embraces exciting times
More Editorial  
Jobs
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, Germany
REVISED***Director Product Line RF/IC for EDA Careers at San Jose, CA
Senior SW Developer for EDA Careers at San Jose, CA
Upcoming Events
“Empowering Leadership with WIT and WISDOM” at SEMI 673 South Milpitas Blvd. Milpitas CA - Nov 28, 2017
Artificial Intelligence and Convolution Neural Networks Discussion at San Jose State University Student Union Theater San Jose CA - Dec 4, 2017
Silicon Valley's Only Comprehensive Embedded Systems Conference at San Jose Convention Center 150 W. San Carlos St. San Jose CA - Dec 5 - 7, 2017
Oski Technology’s Decoding Formal Club Meeting at The Conference Center San Jose CA - Dec 7, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise