QUALCOMM Incorporated
QCOMNASDAQ
$174.67
Last price · USD
- Market cap
- $193.0B
- P/E
- 34.9x
- EV / EBITDA
- 13.5x
- P/S
- 4.4x
- FCF yield
- 6.6%
- Div. yield
- 1.97%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
QUALCOMM Incorporated cash flow statement
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 5,541 | 10,110 | 7,339 | 12,986 | 9,043 | -11.5% | |
| Depreciation & amortization | 1,602 | 1,706 | 1,809 | 1,762 | 1,582 | +0.3% | |
| Deferred income tax | 3,980 | (3,064) | (1,269) | (138) | (245) | — | |
| Stock-based compensation | 2,783 | 2,648 | 2,484 | 2,031 | 1,663 | +13.7% | |
| Change in working capital | 414 | 1,223 | 1,148 | (7,800) | (461) | — | |
| Accounts receivables | (365) | (768) | 2,472 | (2,066) | 426 | — | |
| Inventory | (138) | 13 | 8 | (3,137) | (622) | — | |
| Accounts payables | 119 | 682 | (1,880) | 1,036 | 495 | -30.0% | |
| Other working capital | 798 | 1,296 | 548 | (3,633) | (760) | — | |
| Other non-cash items | (308) | (421) | (212) | 255 | (1,046) | — | |
| Net cash from operating activities | 14,012 | 12,202 | 11,299 | 9,096 | 10,536 | +7.4% | |
| Operating cash flow | 14,012 | 12,202 | 11,299 | 9,096 | 10,536 | +7.4% | |
| Investing activities | |||||||
| Investments in PP&E | (1,192) | (1,041) | (1,450) | (2,262) | (1,888) | — | |
| Capital expenditure | (1,192) | (1,041) | (1,450) | (2,262) | (1,888) | — | |
| Acquisitions, net | (743) | (254) | (235) | (4,912) | (1,377) | — | |
| Purchases of investments | (5,075) | (5,069) | (668) | (1,414) | (5,907) | — | |
| Sales / maturities of investments | 5,755 | 2,765 | 1,586 | 2,754 | 5,875 | -0.5% | |
| Other investing activities | 455 | (24) | 1,529 | 30 | (59) | — | |
| Net cash from investing activities | (800) | (3,623) | 762 | (5,804) | (3,356) | — | |
| Financing activities | |||||||
| Net debt issuance | 122 | (914) | (64) | (415) | 1 | +232.3% | |
| Short-term net debt issuance | 0 | 0 | (498) | (3) | 1 | — | |
| Long-term net debt issuance | 122 | (914) | 434 | (412) | 0 | — | |
| Net stock issuance | (8,387) | (3,738) | (3,494) | (2,773) | (3,019) | — | |
| Common stock issuance | 404 | 383 | 434 | 356 | 347 | +3.9% | |
| Common stock repurchased | (8,791) | (4,121) | (2,973) | (3,129) | (3,366) | — | |
| Net common stock issuance | (8,387) | (3,738) | (2,539) | (2,773) | (3,019) | — | |
| Common dividends paid | (3,805) | (3,687) | (3,462) | (3,212) | (3,008) | — | |
| Net dividends paid | (3,805) | (3,687) | (3,462) | (3,212) | (3,008) | — | |
| Net preferred stock issuance | 0 | 0 | (955) | 0 | 0 | — | |
| Other financing activities | (1,126) | (930) | 357 | (796) | (772) | — | |
| Net cash from financing activities | (13,196) | (9,269) | (6,663) | (7,196) | (6,798) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | (22) | 12 | 30 | (113) | 27 | — | |
| Net change in cash | (6) | (678) | 5,428 | (4,017) | 409 | — | |
| Cash at beginning of period | 7,849 | 8,527 | 3,099 | 7,116 | 6,707 | +4.0% | |
| Cash at end of period | 7,843 | 7,849 | 8,527 | 3,099 | 7,116 | +2.5% | |
| Free cash flow | 12,820 | 11,161 | 9,849 | 6,834 | 8,648 | +10.3% | |