Supplemental Results of Business Segments

The following tables provide supplemental information including our results of business segments and reconciles our Non-GAAP results to our GAAP results ($ in millions, except per share data and percentages):

SEGMENTS

QCT

QTL

Non-GAAP Reconciling Items (a)

Non-GAAP

Results

QSI

Share-Based Compensation

Other Items

(b) (c)

GAAP Results

Q1 FISCAL 2019

Revenues

$3,739

$1,018

$58

$4,815

$27

$-

$-

$4,842

Change from prior year

(20%)

(20%)

(34%)

(20%)

(10%)

N/M

(20%)

Change from prior quarter

(20%)

(9%)

21%

(17%)

35%

N/M

(16%)

Operating income (loss)

$1,187

$13

($230)

($260)

$710

Change from prior year

(26%)

44%

7%N/M

N/M

Change from prior quarter

(5%)

N/M

(3%)N/M

N/M

EBT

$598

$590

($144)

$1,044

$8

($230)

($263)

$559

Change from prior year

(37%)

(31%)

44%

(33%)

(27%)

7%N/M

N/M

Change from prior quarter

(25%)

(17%)

46%

(16%)

N/M

(3%)N/M

N/M

EBT as % of revenues

16%

58%

N/M

22%

12%

Net income (loss)

$1,464

$7

($182)

($221)

$1,068

Change from prior year

2%

(13%)

9%N/M

N/M

Change from prior quarter

16%

N/M

7%N/M

N/M

Diluted EPS

$1.20

$0.01

($0.15)

($0.18)

$0.87

Change from prior year

25%

-%

(15%)N/M

N/M

Change from prior quarter

35%

N/M

(7%)N/M

N/M

Diluted shares

1,223

1,223

1,223

1,223

1,223

Q4 FISCAL 2018

Revenues

$4,647

$1,113

$48

$5,808

$20

$-

($50)

$5,778

Operating income (loss)

1,255

2

(224)

(1,712)

(679)

EBT

796

714

(266)

1,244

(20)

(224)

(1,800)

(800)

EBT as % of revenues

17%

64%N/M

21%

(14%)

Net income (loss)

1,260

(11)

(195)

(1,567)

(513)

Diluted EPS

$0.89

($0.01)

($0.14)

($1.10)

($0.36)

Diluted shares

1,429

1,429

1,429

1,429

1,417

Q1 FISCAL 2018

Revenues

$4,651

$1,266

$88

$6,005

$30

$-

$-

$6,035

Operating income (loss)

1,602

9

(248)

(1,367)

(4)

EBT

955

854

(259)

1,550

11

(248)

(1,373)

(60)

EBT as % of revenues

21%

67%N/M

26%

(1%)

Net income (loss)

1,438

8

(199)

(7,230)

(5,983)

Diluted EPS

$0.96

$0.01

($0.13)

($4.89)

($4.05)

Diluted shares

1,491

1,491

1,491

1,491

1,477

  • (a) Non-GAAP reconciling items related to revenues consisted primarily of nonreportable segment revenues less intersegment eliminations. Non-GAAP reconciling items related to earnings before taxes consisted primarily of certain research and development expenses, selling, general and administrative expenses, other expenses or income, interest expense and certain investment income that are not allocated to the segments for management reporting purposes; nonreportable segment results; and the elimination of intersegment profit.

  • (b) At fiscal year end, the quarterly tax provision (benefit) for each column equals the annual tax provision (benefit) for each column computed in accordance with GAAP. In interim quarters, the sum of these provisions (benefits) may not equal the total GAAP tax provision, and this difference is included in the tax provision (benefit) in the "Other Items" column. See the "Reconciliations of GAAP Tax Rates to Non-GAAP Tax Rates" included in the news release for the current period for further details.

  • (c) Details of amounts included in the "Other Items" column for the current period are included in the news release for the current period. Details of amounts included in the "Other Items" column for prior periods are included in the news releases for those periods.

N/M - Not Meaningful

Sums may not equal totals due to rounding.

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Qualcomm Inc. published this content on 30 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 January 2019 21:08:03 UTC