Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Sep. 30, 2012
Sep. 25, 2011
Sep. 26, 2010
Operating Activities:      
Net income $ 6,059 [1] $ 4,242 [1] $ 3,247
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 897 1,061 666
Gain on sale of wireless spectrum (1,179) 0 0
Goodwill impairment 23 114 0
Revenues related to non-monetary exchanges (122) (123) (130)
Income tax provision in excess of (less than) income tax payments 395 (1,204) 116
Non-cash portion of share-based compensation expense 1,035 824 612
Incremental tax benefit from stock options exercised (168) (183) (45)
Net realized gains on marketable securities and other investments (369) (337) (405)
Net impairment losses on marketable securities and other investments 83 52 125
(Gains) losses on derivative instruments (84) 3 (3)
Other items, net 93 9 (61)
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net (456) (140) (18)
Inventories (252) (62) (80)
Other assets (240) (70) (60)
Trade accounts payable 371 (26) 148
Payroll, benefits and other liabilities (341) 572 (229)
Unearned revenues 253 168 193
Net cash provided by operating activities 5,998 4,900 4,076
Investing Activities:      
Capital expenditures (1,284) (593) (426)
Advance payment on spectrum 0 0 (1,064)
Purchases of available-for-sale securities (15,511) (10,948) (8,973)
Proceeds from sale of available-for-sale securities 9,858 10,661 10,440
Purchases of trading securities (4,009) 0 0
Proceeds from sale of trading securities 3,060 0 0
Purchases of other marketable securities 0 0 (850)
Proceeds from sale of wireless spectrum 1,925 0 0
Acquisitions and other investments, net of cash acquired (833) (3,624) (94)
Other items, net (83) 15 128
Net cash used by investing activities (6,877) (4,489) (839)
Financing Activities:      
Borrowings under loans and debentures 710 1,555 1,064
Repayment of loans (591) (1,555) 0
Proceeds from issuance of common stock 1,714 2,647 689
Proceeds from issuance of subsidiary shares to noncontrolling interests 86 62 0
Incremental tax benefit from stock options exercised 168 183 45
Repurchase and retirement of common stock (1,313) (142) (3,016)
Dividends paid (1,583) (1,346) (1,177)
Other items, net 52 114 (10)
Net cash (used) provided by financing activities (757) 1,518 (2,405)
Effect of exchange rate changes on cash (19) (14) (2)
Net (decrease) increase in cash and cash equivalents (1,655) 1,915 830
Cash and cash equivalents at beginning of year 5,462 3,547 2,717
Cash and cash equivalents at end of year $ 3,807 $ 5,462 $ 3,547
[1] Income (loss) from discontinued operations, net of income taxes (Note 9), was attributable to Qualcomm.