Qualcomm (QCOM) FY2022 results: revenue $44.2 billion, up 31.7% on the year
Qualcomm Inc. (QCOM) reported revenue of $44.2 billion for fiscal 2022, the year ended 25 September 2022, up 31.7% on the year before. Net income was $12.9 billion, up 43.0%, and diluted earnings per share $11.37. The figures are the company's own, from the 10-K it filed with the SEC on 2 November 2022.
Revenue
$44.2 billion
+31.7% on the year
FY2015FY2022
Operating margin
35.9%
29.2% a year earlier
FY2015FY2022
Net income
$12.9 billion
+43.0% on the year
FY2015FY2022
Diluted EPS
$11.37
+44.5% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
9,096
10,536
5,814
-13.7%
Capital expenditure
2,262
1,888
1,407
+19.8%
Free cash flow
6,834
8,648
4,407
-21.0%
Free cash flow margin
15.5%
25.8%
18.7%
Cash from investing
-5,804
-3,356
-5,263
Cash from financing
-7,196
-6,798
-5,707
Depreciation and amortisation
1,762
1,582
1,393
+11.4%
Share-based compensation
2,031
1,663
1,212
+22.1%
Buybacks
3,129
3,366
2,450
-7.0%
Dividends paid
3,212
3,008
2,882
+6.8%
Dividend per share
$2.86
$2.66
$2.54
+7.5%
Diluted shares, weighted
1,137m
1,149m
1,149m
-1.0%
Shares outstanding at period end
1,121m
1,125m
1,131m
-0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
18,013
9,950
6,077
+81.0%
Debt
15,482
15,745
15,726
-1.7%
Operating lease liabilities
573
428
371
+33.9%
Other liabilities
14,946
15,117
13,420
-1.1%
Total liabilities and equity
49,014
41,240
35,594
+18.9%
Fixed assets
5,168
4,559
3,711
+13.4%
Goodwill
10,508
7,246
6,323
+45.0%
Intangible assets
1,882
1,458
1,653
+29.1%
Investments
3,609
5,298
4,542
-31.9%
Cash and equivalents
2,773
7,116
6,707
-61.0%
Receivables
4,175
2,214
2,687
+88.6%
Inventory
6,341
3,228
2,598
+96.4%
Other assets
14,558
10,121
7,373
+43.8%
Total assets
49,014
41,240
35,594
+18.9%
10-K for the year ended 25 September 2022, filed 2 November 2022: the filing.