QUALCOMM Incorporated (QCOM) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 2.45B | 4.96B | 4B | 2.88B | 2.55B | 4.59B | 2.65B | 3.05B | 3.55B | 2.95B | 4.09B | 2.66B | 1.46B | 3.1B | 1.45B | 2.9B | 2.7B | 2.06B | 1.08B | 3.37B |
| Operating CF Margin % | 23.11% | 40.52% | 35.45% | 27.74% | 23.26% | 39.31% | 25.84% | 32.49% | 37.85% | 29.68% | 47.39% | 31.44% | 15.71% | 32.71% | 12.69% | 26.47% | 24.17% | 19.22% | 11.54% | 41.85% |
| Operating CF Growth % | -4.11% | 8.24% | 50.96% | -5.8% | -28.14% | 55.54% | -35.28% | 14.87% | 143.93% | -4.72% | 182.85% | -8.22% | -46% | 50.46% | 34.26% | -14.17% | -7.32% | -35.21% | -38.14% | 80.18% |
| Net Income | 7.37B | 3B | -3.12B | 2.67B | 2.81B | 3.18B | 2.92B | 2.11B | 2.27B | 2.81B | 1.63B | 1.74B | 1.7B | 2.27B | 2.92B | 3.73B | 2.93B | 3.4B | 2.8B | 2.03B |
| Depreciation & Amortization | 413M | 393M | 0 | 398M | 397M | 436M | 439M | 419M | 411M | 437M | 462M | 479M | 470M | 398M | 490M | 438M | 428M | 406M | 425M | 406M |
| Stock-Based Compensation | 1.75B | 0 | 0 | 659M | 702M | 759M | 697M | 644M | 705M | 602M | 608M | 614M | 628M | 634M | 521M | 516M | 498M | 496M | 425M | 424M |
| Deferred Taxes | 0 | 0 | 0 | 0 | -247M | 247M | -526M | -774M | -752M | -1.01B | -433M | -205M | -511M | -120M | 96M | 169M | -675M | 272M | 113M | -123M |
| Other Non-Cash Items | -7.01B | 974M | 6.47B | -826M | -1.08B | -68M | -19M | -70M | -237M | -78M | 123M | -346M | 97M | -86M | -119M | 196M | 306M | -128M | -510M | -203M |
| Working Capital Changes | -76M | 594M | 645M | -22M | -33M | 33M | -859M | 725M | 1.17B | 189M | 1.7B | 380M | -929M | -4M | -2.46B | -2.15B | -793M | -2.39B | -2.17B | 841M |
| Change in Receivables | -185M | 243M | -900M | 308M | -165M | 392M | -989M | 129M | 417M | -325M | 665M | -157M | 270M | 1.69B | -1.85B | 285M | -47M | -454M | -626M | 394M |
| Change in Inventory | -703M | -99M | -171M | -169M | 91M | 111M | -384M | 69M | 163M | 165M | 200M | 204M | 80M | -476M | -936M | -864M | -699M | -638M | -113M | -449M |
| Change in Payables | 302M | -73M | 339M | -123M | -108M | 11M | -9M | 271M | 179M | 241M | 172M | 306M | -1.09B | -1.26B | 88M | -31M | 198M | 781M | 46M | 158M |
| Cash from Investing | -501M | -1.72B | -471M | 1.63B | -1.29B | -671M | -385M | -1.04B | -939M | -1.26B | -618M | 1.74B | -224M | -133M | -290M | -4.88B | -526M | -112M | 50M | -372M |
| Capital Expenditures | -533M | -549M | -407M | -294M | -214M | -277M | -256M | -387M | -184M | -214M | -293M | -306M | -453M | -398M | -634M | -554M | -491M | -583M | -430M | -506M |
| CapEx % of Revenue | 5.03% | 4.48% | 3.61% | 2.84% | 1.95% | 2.37% | 2.5% | 4.12% | 1.96% | 2.15% | 3.39% | 3.62% | 4.88% | 4.21% | 5.56% | 5.07% | 4.4% | 5.45% | 4.61% | 6.28% |
| Acquisitions | -148M | -1.09B | -18M | -370M | -81M | -260M | -20M | -69M | -102M | -60M | -128M | -46M | -32M | -29M | -169M | -4.46B | -50M | -238M | -93M | -48M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -114M | 199M | -8M | 305M | -21M | 73M | 4M | 2M | -40M | 7M | -5M | 1.15B | -22M | 97M | -11M | 41M | 0 | 0 | -137M | 46M |
| Cash from Financing | -3.69B | -3.88B | -3.44B | -3.97B | -2.78B | -3.01B | -2.2B | -3.45B | -1.58B | -2.04B | -1.12B | -1.99B | -2.54B | -1.01B | -1.19B | -1.96B | -1.6B | -2.45B | -1.4B | -1.61B |
| Debt Issued (Net) | 322M | 0 | -122M | 122M | 0 | 0 | 914M | -914M | 0 | 0 | 0 | -498M | -949M | 1.38B | -2M | -413M | 0 | 0 | 1M | 0 |
| Equity Issued (Net) | -2.79B | -2.65B | -2.24B | -2.85B | -1.55B | -1.75B | -1.12B | -1.3B | -536M | -784M | -422M | -567M | -671M | -1.27B | -515M | -499M | -764M | -1.18B | -798M | -630M |
| Dividends Paid | -946M | -949M | -957M | -968M | -938M | -942M | -948M | -949M | -895M | -895M | -893M | -893M | -834M | -842M | -841M | -842M | -764M | -765M | -768M | -767M |
| Share Repurchases | -2.79B | -2.65B | -2.44B | -2.85B | -1.75B | -1.75B | -1.3B | -1.3B | -731M | -784M | -400M | -400M | -903M | -1.27B | -500M | -500M | -951M | -1.18B | -771M | -630M |
| Other Financing | -277M | -283M | -116M | -276M | -296M | -316M | -1.05B | -284M | -149M | -362M | 198M | -30M | -89M | -286M | 166M | -206M | -70M | -503M | 163M | -211M |
| Net Change in Cash | -1.77B | -638M | 72M | 568M | -1.51B | 864M | 79M | -1.45B | 1.02B | -333M | 2.35B | 2.4B | -1.29B | 1.97B | -99M | -3.98B | 566M | -509M | -283M | 1.4B |
| Free Cash Flow | 1.92B | 4.42B | 3.59B | 2.58B | 2.34B | 4.31B | 2.39B | 2.67B | 3.37B | 2.73B | 3.8B | 2.35B | 1B | 2.7B | 812M | 2.34B | 2.21B | 1.47B | 647M | 2.87B |
| FCF Margin % | 18.08% | 36.04% | 31.84% | 24.9% | 21.31% | 36.94% | 23.34% | 28.37% | 35.89% | 27.53% | 43.99% | 27.82% | 10.82% | 28.5% | 7.13% | 21.41% | 19.77% | 13.77% | 6.93% | 35.57% |
| FCF Growth % | -18.12% | 2.46% | 50.1% | -3.15% | -30.56% | 57.59% | -37.03% | 13.36% | 235.66% | 1.41% | 367.61% | 0.43% | -54.51% | 82.97% | 25.5% | -18.35% | -9.1% | -45.53% | -53.55% | 97.18% |
| FCF per Share | 1.79 | 4.09 | 3.25 | 2.35 | 2.10 | 3.84 | 2.12 | 2.35 | 2.98 | 2.43 | 3.38 | 2.09 | 0.89 | 2.38 | 0.72 | 2.06 | 1.94 | 1.29 | 0.57 | 2.50 |
| FCF Conversion (FCF/Net Income) | 0.33x | 1.65x | -1.28x | 1.08x | 0.91x | 1.44x | 0.91x | 1.43x | 1.53x | 1.07x | 2.74x | 1.47x | 0.86x | 1.38x | 0.50x | 0.78x | 0.92x | 0.61x | 0.38x | 1.66x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |