Below are the financial statements of Qorvo, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-03-30 | 2023 as of 2023-04-01 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 1,029.26a | 808.76a |
| Accounts receivable, net | 412.96a | 304.52a |
| Inventories | 710.56a | 796.6a |
| Prepaid expenses | 40.56a | 46.68a |
| Other receivables | 14.43a | 26.54a |
| Other current assets | 78.99a | 46.7a |
| Assets of disposal group held for sale | 159.28a | 0a |
| Total current assets | 2,446.03a | 2,029.79a |
| Property and equipment, net | 870.98a | 1,149.81a |
| Goodwill | 2,534.6a | 2,760.81a |
| Intangible assets, net | 509.38a | 537.7a |
| Long-term investments | 23.25a | 20.41a |
| Other non-current assets | 170.38a | 193.38a |
| Total assets | 6,554.64a | 6,691.9a |
| Liabilities and stockholders’ equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 252.99a | 210.7a |
| Accrued liabilities | 336.77a | 222.46a |
| Current portion of long-term debt | 438.74a | 0.31a |
| Other current liabilities | 113.22a | 122.29a |
| Liabilities of disposal group held for sale | 88.37a | 0a |
| Total current liabilities | 1,230.09a | 555.76a |
| Long-term debt | 1,549.27a | 2,048.07a |
| Other long-term liabilities | 218.9a | 185.27a |
| Total liabilities | 2,998.26a | 2,789.11a |
| Stockholders’ equity | — | — |
| Preferred stock | 0a | 0a |
| Common stock and additional paid-in capital | 3,651.07a | 3,821.47a |
| Accumulated other comprehensive loss | -5.1a | -3.18a |
| (Accumulated deficit) retained earnings | -89.6a | 84.5a |
| Total stockholders’ equity | 3,556.37a | 3,902.79a |
| Total liabilities and stockholders’ equity | 6,554.64a | 6,691.9a |
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