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
Rand3D

SolidCAM: Cutting Webinar

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
The Rise of Mechatronics at Dassault Systèmes Santa Clara 3979 Freedom Circle, Ste 750 Santa Clara CA - Sep 14, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Kenesto: 30 day trial



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 EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise