Qualcomm Announces First Quarter Fiscal 2021 Results

  • Non-GAAP reconciling items related to revenues consisted primarily of nonreportable segment revenues less intersegment eliminations. Non-GAAP reconciling items related to EBT consisted primarily of certain R&D expenses, SG&A expenses, other expenses or income, interest expense and certain investment income that are not allocated to segments for management reporting purposes; nonreportable segment results; and the elimination of intersegment profit.

  • Sums may not equal totals due to rounding.

     

    Q1 Fiscal 2021 Supplemental Information and Reconciliations

     

    ($ in millions)

     

    GAAP Results

     

    Less QSI

    Less Share- Based Compensation

     

    Less Other Items1, 2

     

    Non-GAAP

    Results

    Cost of revenues

    $3,489

    $—

    $11

    $62

    $3,416

    Research and development expenses

    1,653

    283

    18

    1,352

    Selling, general and administrative expenses

    567

    3

    99

    38

    427

    Interest expense

    141

    9

    132

    Investment and other income, net

    219

    152

    54

    13

    Income tax expense (benefit)

    149

    8

    (162)

    (99)

    402

    1. Other items excluded from Non-GAAP results included $64 million of acquisition-related charges, $9 million of interest expense related to the 2018 and 2019 European Commission fines and $3 million of charges related to restructuring-related activities, partially offset by a $3 million gain related to a favorable legal settlement. Other items excluded from Non-GAAP results also included $54 million of losses driven by the revaluation of our deferred compensation plan liabilities, which increased operating expenses, offset by corresponding $54 million of gains driven by the revaluation of the associated plan assets, which were included within investment and other income, net.

      « Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



    Review Article Be the first to review this article
    Verific: SystemVerilog & VHDL Parsers



    © 2021 Internet Business Systems, Inc.
    670 Aberdeen Way, Milpitas, CA 95035
    +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