Qualcomm 2002 Annual Report Download - page 41

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PAGE 39
QUALCOMM 2002 ANNUAL REPORT
SELECTED CONSOLIDATED FINANCIAL DATA
The following balance sheet data and statements of operations for the five years ended September 30, 2002 were derived from our audited consolidated financial statements.
Consolidated balance sheets at September 30, 2002 and 2001 and the related consolidated statements of operations and of cash flows for each of the three years in the period
ended September 30, 2002 and notes thereto appear elsewhere herein. The data should be read in conjunction with the annual consolidated financial statements, related notes
and other financial information appearing elsewhere herein.
Years Ended September 30,(1)
(In thousands except per share data) 2002 2001
(5) 2000(5) 1999 1998
STATEMENT OF OPERATIONS DATA:
Revenues $3,039,560 $2,679,786 $3,196,780 $3,937,299 $3,347,870
Operating income 673,268 38,687 722,638 405,140 242,665
Income (loss) before accounting change 359,677 (560,141) 622,146 200,879 108,532
Accounting changes, net of tax — (17,937) — — —
Net income (loss) $ 359,677 $ (578,078) $ 622,146 $ 200,879 $ 108,532
Basic net earnings (loss) per common share:(2)
Income (loss) before accounting change $ 0.47 $ (0.74) $ 0.87 $ 0.34 $ 0.20
Accounting change, net of tax — (0.02) — — —
Net income (loss) $ 0.47 $ (0.76) $ 0.87 $ 0.34 $ 0.20
Diluted net earnings (loss) per common share:(2)(3)
Income (loss) before accounting change $ 0.44 $ (0.74) $ 0.79 $ 0.31 $ 0.18
Accounting change, net of tax — (0.02) — — —
Net income (loss) $ 0.44 $ (0.76) $ 0.79 $ 0.31 $ 0.18
Shares used in per share calculations:(2)(3)
Basic 770,887 755,969 717,205 594,714 553,623
Diluted 809,329 755,969 800,121 649,889 591,697
Pro forma effect of change in accounting principle:(4)
Net income $ 595,116 $ 209,062 $ 110,586
Net earnings per common share — basic $ 0.83 $ 0.35 $ 0.20
Net earnings per common share — diluted $ 0.75 $ 0.32 $ 0.19
BALANCE SHEET DATA:
Cash, cash equivalents and marketable securities $3,176,249 $2,580,512 $2,520,914 $1,684,926 $ 303,324
Total assets 6,509,521 5,669,733 6,014,917 4,534,950 2,566,713
Long-term debt 94,288 235 266 795 3,863
Company-obligated mandatorily redeemable
Trust Convertible Preferred Securities of a subsidiary
trust holding solely debt securities of the Company — — — 659,555 660,000
Total stockholders’ equity $5,391,956 $4,812,415 $5,468,263 $2,871,755 $ 957,596
(1) Our fiscal year ends on the last Sunday in September. As a result, fiscal 2001 includes 53 weeks.
(2) We effected a two-for-one stock split in May 1999 and a four-for-one stock split in December 1999. All references to number of shares and per share amounts have been restated to reflect these stock splits.
(3) The 2001 diluted shares exclude the potential dilutive effect of 51,188,000 incremental shares due to their anti-dilutive effect.
(4) The pro forma effect of change in accounting principle reflects the impact of SAB 101 on previously reported results assuming it had been in effect in those periods.
(5) The 2001 and 2000 statements of operations and balance sheet data have been adjusted to record equity losses related to our investment in the Vésper Operating Companies. See Note 13 to the Consolidated
Financial Statements.