Qualcomm 2006 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2006 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.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

56 qualcomm 2006
Consolidated Statements of Operations
Year Ended
Sept. 24, Sept. 25, Sept. 26,
(In millions, except per share data) 2006 2005 2004
Revenues:
Equipment and services $4,776 $3,744 $3,514
Licensing and royalty fees 2,750 1,929 1,366
Total revenues 7,526 5,673 4,880
Operating expenses:
Cost of equipment and services revenues 2,182 1,645 1,484
Research and development 1,538 1,011 720
Selling, general and administrative 1,116 631 547
Total operating expenses 4,836 3,287 2,751
Operating income 2,690 2,386 2,129
Investment income, net (Note 5) 466 423 184
Income from continuing operations before income taxes 3,156 2,809 2,313
Income tax expense (686) (666) (588)
Income from continuing operations 2,470 2,143 1,725
Discontinued operations (Note 12):
Loss from discontinued operations before income taxes — — (10)
Income tax benet — — 5
Loss from discontinued operations — — (5)
Net income $2,470 $2,143 $1,720
Basic earnings per common share from continuing operations $ 1.49 $ 1.31 $ 1.07
Basic loss per common share from discontinued operations — — (0.01)
Basic earnings per common share $ 1.49 $ 1.31 $ 1.06
Diluted earnings per common share from continuing operations $ 1.44 $ 1.26 $ 1.03
Diluted loss per common share from discontinued operations — — —
Diluted earnings per common share $ 1.44 $ 1.26 $ 1.03
Shares used in per share calculations:
Basic 1,659 1,638 1,616
Diluted 1,711 1,694 1,675
Dividends per share announced $ 0.42 $ 0.32 $ 0.19
See accompanying notes.