Qualcomm 2005 Annual Report Download - page 57
Download and view the complete annual report
Please find page 57 of the 2005 Qualcomm annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.qualcomm 2005 53
Consolidated Statements of Operations
Year Ended
Sept. 25, Sept. 26, Sept. 28,
(in millions, except per share data) 2005 2004 2003
Revenues:
Equipment and services $3,744 $3,514 $2,862
Licensing and royalty fees 1,929 1,366 985
5,673 4,880 3,847
Operating expenses:
Cost of equipment and services revenues 1,645 1,484 1,268
Research and development 1,011 720 523
Selling, general and administrative 631 547 483
Total operating expenses 3,287 2,751 2,274
Operating income 2,386 2,129 1,573
Investment income (expense), net (Note 5) 423 184 (8)
Income from continuing operations before income taxes 2,809 2,313 1,565
Income tax expense (666) (588) (536)
Income from continuing operations 2,143 1,725 1,029
Discontinued operations (Note 12):
Loss from discontinued operations before income taxes — (10) (280)
Income tax benefi t — 5 78
Loss from discontinued operations — (5) (202)
Net income $2,143 $1,720 $ 827
Basic earnings per common share from continuing operations $ 1.31 $ 1.07 $ 0.65
Basic loss per common share from discontinued operations — (0.01) (0.13)
Basic earnings per common share $ 1.31 $ 1.06 $ 0.52
Diluted earnings per common share from continuing operations $ 1.26 $ 1.03 $ 0.63
Diluted loss per common share from discontinued operations — — (0.12)
Diluted earnings per common share $ 1.26 $ 1.03 $ 0.51
Shares used in per share calculations:
Basic 1,638 1,616 1,579
Diluted 1,694 1,675 1,636
Dividends per share announced $0.320 $0.190 $0.085
See accompanying notes.