Qualcomm Announces Fourth Quarter and Fiscal 2013 Results

Fiscal 2013*

  • Revenues: $24.87 billion, up 30 percent y-o-y.
  • Operating income: $8.66 billion, up 22 percent y-o-y.
  • Net income: $7.91 billion, up 22 percent y-o-y.
  • Diluted earnings per share: $4.51, up 22 percent y-o-y.
  • Effective tax rate: 17 percent.
  • Free cash flow: $8.08 billion, up 55 percent y-o-y; 32 percent of revenues.

Detailed reconciliations between results reported in accordance with GAAP and Non-GAAP results are included within this news release.

* The following should be considered in regards to the year-over-year and sequential comparisons: Fiscal fourth quarter and fiscal 2013 GAAP and Non-GAAP results included a $173 million charge, or $0.10 per share, related to the recent verdict in our litigation with ParkerVision. Fiscal 2012 GAAP results included $776 million in earnings, net of income taxes, for discontinued operations, primarily a result of a $1.2 billion gain associated with the sale of substantially all of our 700 MHz spectrum.

Key Business Metrics

Fourth Quarter Fiscal 2013

  • MSMchip shipments: 190 million units, up 35 percent y-o-y and 10 percent sequentially.
  • June quarter total reported device sales: approximately $60.2 billion, up 29 percent y-o-y and 7 percent sequentially.
    • June quarter estimated 3G/4G device shipments: approximately 260 to 264 million units, at an estimated average selling price of approximately $227 to $233 per unit.

Fiscal 2013

  • MSM chip shipments: 716 million units, up 21 percent y-o-y.
  • Total reported device sales: approximately $231.2 billion, up 23 percent y-o-y.
    • Estimated 3G/4G device shipments: approximately 1,017 to 1,033 million units, at an estimated average selling price of approximately $223 to $229 per unit.

Cash and Marketable Securities

Our cash, cash equivalents and marketable securities totaled $29.4 billion at the end of fiscal 2013, compared to $26.8 billion a year ago and $30.4 billion at the end of the third quarter of fiscal 2013. On October 24, 2013, we announced a cash dividend of $0.35 per share payable on December 19, 2013 to stockholders of record as of December 2, 2013. During the fourth quarter of fiscal 2013, we repurchased and retired 50.7 million shares of common stock for $3.32 billion.



Research and Development



($ in millions)

Non-GAAP


QSI


Share-Based
Compensation


Acquisition-
Related
Items


GAAP

Fourth quarter fiscal 2013

$

1,182


$

1


$

164


$

1


$

1,348

As % of revenues

18%











21%

Fourth quarter fiscal 2012

$

961


$

1


$

152


$


$

1,114

As % of revenues

20%








23%

Year-over-year change ($)

23%


N/M


8%


N/M


21%


N/M - Not Meaningful

Non-GAAP research and development (R&D) expenses increased 23 percent y-o-y primarily due to an increase in costs to develop CDMA-based 3G, OFDMA-based 4G LTE and other technologies for integrated circuit and related software products and to expand our intellectual property portfolio.

« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article
Aldec

ClioSoft at DAC

Featured Video
Jobs
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
Symposium on Counterfeit Parts and Materials 2018 at College Park Marriott Hotel & Conference Center MD - Jun 26 - 28, 2018
Concar Expo 2018 at Convention Hall II Sonnenallee 225 Berlin Germany - Jun 27 - 28, 2018
Nanotech 2019 at Tokyo Big Sight East Halls 4-6 & Conference Tower Tokyo Japan - Jun 30 - 1, 2018
INMMiC 2018 at university campus of Brive La Gaillarde France - Jul 5 - 6, 2018
ClioSoft at DAC
Altair
TrueCircuits: IoTPLL



Internet Business Systems © 2018 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