Qualcomm 2002 Annual Report Download - page 86

Download and view the complete annual report

Please find page 86 of the 2002 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 90

  • 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

The table below presents quarterly data for the years ended September 30, 2002
and 2001 (in thousands, except per share data):
Q1 Q2 Q3 Q4
2002
Revenues $698,642 $696,115 $770,917 $873,886
Operating income 182,081 99,804 138,618 252,765
Income (loss) before accounting changes 139,233 43,930 (13,768) 190,282
Accounting changes, net of tax — — — —
Net income (loss) 139,233 43,930 (13,768) 190,282
Basic net earnings (loss) per common share(1)
Income (loss) before accounting changes $ 0.18 $ 0.06 $ (0.02) $ 0.24
Accounting changes, net of tax $ — $ — $ — $ —
Net income (loss) $ 0.18 $ 0.06 $ (0.02) $ 0.24
Diluted net earnings (loss) per common share(1)
Income (loss) before accounting changes $ 0.17 $ 0.05 $ (0.02) $ 0.23
Accounting changes, net of tax $ — $ — $ — $ —
Net income (loss) $ 0.17 $ 0.05 $ (0.02) $ 0.23
2001(2)
Revenues $655,209 $717,148 $656,598 $650,831
Operating (loss) income (424,769) 211,506 150,486 101,464
(Loss) income before accounting changes (401,288) 109,721 (193,516) (75,058)
Accounting changes, net of tax (17,937) — — —
Net (loss) income (419,225) 109,721 (193,516) (75,058)
Basic net (loss) earnings per common share(1)
(Loss) income before accounting changes $ (0.54) $ 0.15 $ (0.26) $ (0.10)
Accounting changes, net of tax $ (0.02) $ — $ — $ —
Net (loss) income $ (0.56) $ 0.15 $ (0.26) $ (0.10)
Diluted net (loss) earnings per common share(1)
(Loss) income before accounting changes $ (0.54) $ 0.14 $ (0.26) $ (0.10)
Accounting changes, net of tax $ (0.02) $ — $ — $ —
Net income $ (0.56) $ 0.14 $ (0.26) $ (0.10)
(1) Earnings (loss) per share are computed independently for each quarter and the full year based
upon respective average shares outstanding. Therefore, the sum of the quarterly net earnings
(loss) per share amounts may not equal the annual amounts reported.
(2) Adjusted to account for the Company’s original 16% ownership interest in the Vésper Operating
Companies using the equity method of accounting (Note 13).
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS continued