QUALCOMM INC/DE
For the period ended Dec 28, 2025. Filed Feb 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 28, 2025 · Filed Feb 4, 2026
QCOM$173.53+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
QUALCOMM Incorporated
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
| Three Months Ended | ||
|---|---|---|
| December 28,2025 | December 29,2024 | |
| Operating Activities: | ||
| Net income | $3,004 | $3,180 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 393 | 436 |
| Income tax provision in excess of income tax payments | 291 | 247 |
| Share-based compensation expense | 888 | 759 |
| Net gains on marketable securities and other investments | (165) | (45) |
| Other items | (40) | (23) |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | 243 | 392 |
| Inventories | (99) | 111 |
| Other assets | 553 | 148 |
| Trade accounts payable | (73) | 11 |
| Payroll, benefits and other liabilities | 100 | (541) |
| Unearned revenues | (130) | (88) |
| Net cash provided by operating activities | 4,965 | 4,587 |
| Investing Activities: | ||
| Capital expenditures | (549) | (277) |
| Purchases of debt and equity marketable securities | (883) | (914) |
| Proceeds from sales and maturities of debt and equity marketable securities | 767 | 752 |
| Acquisitions and other investments, net of cash acquired | (1,090) | (260) |
| Other items | 34 | 28 |
| Net cash used by investing activities | (1,721) | (671) |
| Financing Activities: | ||
| Proceeds from short-term debt | — | 500 |
| Repayment of short-term debt | — | (500) |
| Repurchases and retirements of common stock | (2,650) | (1,750) |
| Dividends paid | (949) | (942) |
| Payments of tax withholdings related to vesting of share-based awards | (280) | (315) |
| Other items | (3) | (1) |
| Net cash used by financing activities | (3,882) | (3,008) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | (44) |
| Net (decrease) increase in total cash, cash equivalents and restricted cash | (638) | 864 |
| Total cash and cash equivalents at beginning of period (including $2,323 classified as restricted cash at September 28, 2025) | 7,843 | 7,849 |
| Total cash and cash equivalents at end of period | $7,205 | $8,713 |
See accompanying notes.
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