Qualcomm 2014 Annual Report Download - page 58

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QUALCOMM Incorporated
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
See accompanying notes.
F- 3
Year Ended
September 28,
2014
September 29,
2013
September 30,
2012
Revenues:
Equipment and services
$
18,625
$
16,988
$
12,465
Licensing
7,862
7,878
6,656
Total revenues
26,487
24,866
19,121
Costs and expenses:
Cost of equipment and services revenues
10,686
9,820
7,096
Research and development
5,477
4,967
3,915
Selling, general and administrative
2,290
2,518
2,270
Other
484
331
158
Total costs and expenses
18,937
17,636
13,439
Operating income
7,550
7,230
5,682
Investment income, net (Note 3)
1,228
964
880
Income from continuing operations before income taxes
8,778
8,194
6,562
Income tax expense
(1,244
)
(1,349
)
(1,279
)
Income from continuing operations
7,534
6,845
5,283
Discontinued operations, net of income taxes (Note 11)
430
—
776
Net income
7,964
6,845
6,059
Net loss attributable to noncontrolling interests
3
8
50
Net income attributable to Qualcomm
$
7,967
$
6,853
$
6,109
Basic earnings per share attributable to Qualcomm:
Continuing operations
$
4.48
$
3.99
$
3.14
Discontinued operations
0.25
—
0.45
Net income
$
4.73
$
3.99
$
3.59
Diluted earnings per share attributable to Qualcomm:
Continuing operations
$
4.40
$
3.91
$
3.06
Discontinued operations
0.25
—
0.45
Net income
$
4.65
$
3.91
$
3.51
Shares used in per share calculations:
Basic
1,683
1,715
1,700
Diluted
1,714
1,754
1,741
Dividends per share announced
$
1.54
$
1.20
$
0.93