Qualcomm Incorporated, Form 8-K/A
Table of Contents

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 28, 2001

QUALCOMM INCORPORATED

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)

     
000-19528
(Commission File No.)
  95-3685934
(IRS Employer Identification No.)

5775 MOREHOUSE DRIVE
SAN DIEGO, CALIFORNIA 92121

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (858) 587-1121

 


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Item 7.(b)(1) Unaudited Pro Forma Condensed Consolidated Financial Information of QUALCOMM Incorporated
SIGNATURE


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This Form 8-K/A is amending the Form 8-K/A, originally filed by QUALCOMM on January 28, 2002, to correct a clerical error. This Form 8-K/A amends QUALCOMM’s historical investment income (expense), net for the year ended September 30, 2001, as presented in the unaudited pro forma condensed consolidated statement of operations, to change the amount from a net expense of $365 million to a net expense of $317 million. As a result, pro forma basic and diluted net loss per share decreased from a $1.35 net loss per share to a $1.29 net loss per share.

 


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Item 7.(b)(1) Unaudited Pro Forma Condensed Consolidated Financial Information of QUALCOMM Incorporated

QUALCOMM Incorporated
Unaudited Pro Forma Condensed Consolidated Statement of Operations
(in thousands, except per share data)

                                   
      Year Ended September 30, 2001
     
      Historical                
     
               
      QUALCOMM   Vesper   Adjustments   Pro Forma
     
 
 
 
Revenues
  $ 2,679,786     $ 125,480     $     $ 2,805,266  
 
   
     
     
     
 
Operating expenses:
                               
 
Cost of revenues
    1,035,103       313,378       (44,702 )(i)     1,303,779  
 
Research and development
    414,760                   414,760  
 
Selling, general and administrative
    367,155       217,558       (19,330 )(i)     565,383  
 
Amortization of goodwill and intangible assets
    255,230       3,387       4,360 (j)     262,977  
 
Asset impairment and related charges
    518,026                   518,026  
 
Other
    50,825                   50,825  
 
   
     
     
     
 
Total operating expenses
    2,641,099       534,323       (59,672 )     3,115,750  
 
   
     
     
     
 
Operating income (loss)
    38,687       (408,843 )     59,672       (310,484 )
Interest expense
    (10,235 )     (129,065 )     88,866 (k)     (50,434 )
Investment expense, net
    (317,091 )           243,530 (l)     (73,561 )
Other
    (167,001 )     (339,109 )     88,806 (m)     (417,304 )
 
   
     
     
     
 
Loss before income taxes and accounting change
    (455,640 )     (877,017 )     480,874       (851,783 )
Income tax expense
    (104,501 )                 (104,501 )
 
   
     
     
     
 
Loss before accounting change
    (560,141 )     (877,017 )     480,874       (956,284 )
Accounting changes, net of tax
    (17,937 )                 (17,937 )
 
   
     
     
     
 
Net loss
  $ (578,078 )   $ (877,017 )   $ 480,874     $ (974,221 )
 
   
     
     
     
 
Basic net loss per common share:
                               
 
Loss before accounting change
  $ (0.74 )                   $ (1.27 )
 
Accounting change, net of tax
    (0.02 )                     (0.02 )
 
   
                     
 
 
Net loss
  $ (0.76 )                   $ (1.29 )
 
   
                     
 
Diluted net loss per common share:
                               
 
Loss before accounting change
  $ (0.74 )                   $ (1.27 )
 
Accounting change, net of tax
    (0.02 )                     (0.02 )
 
   
                     
 
 
Net loss
  $ (0.76 )                   $ (1.29 )
 
   
                     
 
Shares used in per share calculations:
                               
 
Basic
    755,969                       755,969  
 
   
                     
 
 
Diluted
    755,969                       755,969  
 
   
                     
 

See accompanying notes to unaudited pro forma condensed consolidated financial information

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

           
      QUALCOMM INCORPORATED
 
Dated: February 15, 2002   By: /S/ WILLIAM E. KEITEL
         
          William E. Keitel,
Senior Vice President and
Chief Financial Officer

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