Qualcomm 2011 Annual Report Download - page 59

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QUALCOMM Incorporated
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
*As adjusted for discontinued operations (Note 11)
See accompanying notes.
F- 3
Year Ended
September 25,
2011
September 26,
2010*
September 27,
2009*
Revenues:
Equipment and services
$
9,223
$
6,971
$
6,437
Licensing
5,734
4,011
3,950
Total revenues
14,957
10,982
10,387
Operating expenses:
Cost of equipment and services revenues
4,877
3,301
3,025
Research and development
2,995
2,451
2,345
Selling, general and administrative
1,945
1,503
1,462
Other (Notes 4 and 9)
114
—
1,013
Total operating expenses
9,931
7,255
7,845
Operating income
5,026
3,727
2,542
Investment income (loss), net (Note 5)
661
766
(139
)
Income from continuing operations before income taxes
5,687
4,493
2,403
Income tax expense
(1,132
)
(973
)
(611
)
Income from continuing operations
4,555
3,520
1,792
Discontinued operations, net of income taxes (Note 11)
(313
)
(273
)
(200
)
Net income
4,242
3,247
1,592
Net loss attributable to noncontrolling interests (Note 7)
18
—
—
Net income attributable to Qualcomm
$
4,260
$
3,247
$
1,592
Basic earnings (loss) per share attributable to Qualcomm:
Continuing operations
$
2.76
$
2.15
$
1.08
Discontinued operations
(0.19
)
(0.17
)
(0.12
)
Net income
$
2.57
$
1.98
$
0.96
Diluted earnings (loss) per share attributable to Qualcomm:
Continuing operations
$
2.70
$
2.12
$
1.07
Discontinued operations
(0.18
)
(0.16
)
(0.12
)
Net income
$
2.52
$
1.96
$
0.95
Shares used in per share calculations:
Basic
1,658
1,643
1,656
Diluted
1,691
1,658
1,673
Dividends per share announced
$
0.81
$
0.72
$
0.66