QCOM ( $57 -$62)Q3 July 1 results, beats by penny
(a) Excludes certain asset impairment and other charges and
credits related to the Globalstar business, as follows: $51.0
million in cost of revenues, $475.2 million in asset impairment
and related charges, $9.9 million in investment expense and
$56.6 million in other non-operating expenses.
(b) Excludes the employer payroll taxes payable for employee
income from non-qualified stock option exercises, as follows:
$3.1 million in cost of revenues, $4.8 million in R&D expenses
and $2.3 million in SG&A expenses.
(c) Excludes the amortization of goodwill and other
acquisition-related intangible assets associated with the
purchase of SnapTrack and other acquisitions, as follows: $0.7
million in cost of revenues and $191.5 million in amortization
of goodwill and other acquisition-related intangible assets.
(d) Excludes certain credits related to the reduction of
reserves established in connection with the sale of the
terrestrial-based CDMA wireless infrastructure business, as
follows: $1.8 million in cost of revenues and $2.5 million in
SG&A credits.
(e) Excludes a $2.6 million in employee termination charges,
a $2.3 million gain on a sale of fixed assets, and $2.4 million
in initial public offering charges related to the cancellation
of the QUALCOMM Spinco IPO.
(f) Excludes a $3.1 million adjustment to reduce reserves
established related to the sale of the terrestrial-based CDMA
wireless consumer phone business.
(g) Excludes certain asset impairment and other charges
related to the Vesper Companies and VeloCom, as follows: $31.8
million in asset impairment and related charges, $89.0 million
in investment expense and $119.9 million in other non-operating
expenses.
(h) Excludes charges related to an arbitration decision
against the Company, as follows: $63.3 million in other
operating expense and $7.5 million in interest expense.
(i) Excludes $181.2 million in unrealized losses of
derivative instruments, $169.2 million in unrealized other than
temporary losses on marketable securities and other investments
and $0.5 million in net realized gain on a investment related to
the impairment of its cost basis in prior periods.
(j) Excludes $128.8 million for the cumulative effect of the
adoption of FAS 133. (k) The diluted share base used for the
reported results excludes the potential dilutive effect of 52.5
million common share equivalents related to outstanding stock
options, calculated using the treasury stock method, as these
shares are anti-dilutive. For pro forma results, these shares
are dilutive and are, therefore, included in the pro forma per
share calculation.
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