Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v2.4.0.6
Stockholders' Equity
 6 Months Ended
Mar. 31, 2013
Notes to Financial Statements [Abstract]  
Note 5 - Stockholders' Equity
Note 5 — Stockholders’ Equity
Changes in stockholders’ equity for the six months ended March 31, 2013 were as follows (in millions):
 
Qualcomm Stockholders’ Equity
 
Noncontrolling Interests
 
Total Stockholders’ Equity
Balance at September 30, 2012
$
33,523

 
$
22

 
$
33,545

Net income (loss)
3,772

 
(6
)
 
3,766

Other comprehensive income
155

 
—

 
155

Common stock issued under employee benefit plans and the related tax benefits, net of shares withheld for taxes
725

 
—

 
725

Share-based compensation
562

 
—

 
562

Dividends
(874
)
 
—

 
(874
)
Stock repurchases
(250
)
 
—

 
(250
)
Other
(2
)
 
1

 
(1
)
Balance at March 31, 2013
$
37,611

 
$
17

 
$
37,628


Accumulated Other Comprehensive Income. Components of accumulated other comprehensive income in Qualcomm stockholders’ equity consisted of the following (in millions):
 
March 31,
2013
 
September 30,
2012
Foreign currency translation
$
(114
)
 
$
(107
)
Noncredit other-than-temporary impairment losses and subsequent changes in fair value related to certain available-for-sale debt securities, net of income taxes
25

 
29

Net unrealized gains on other available-for-sale securities, net of income taxes
1,083

 
942

Net unrealized gains on derivative instruments, net of income taxes
27

 
2

 
$
1,021

 
$
866


At March 31, 2013 and September 30, 2012, accumulated other comprehensive income included $2 million and $7 million, respectively, of other-than-temporary losses on certain available-for-sale debt securities related to factors other than credit, net of income taxes.
Stock Repurchase Program. During the six months ended March 31, 2013 and March 25, 2012, the Company repurchased and retired 4,295,000 and 2,046,000 shares, respectively, of the Company’s common stock for $250 million and $99 million, respectively, before commissions. On March 5, 2013, the Company announced that it had been authorized to repurchase up to $5.0 billion of the Company’s common stock. The stock repurchase program has no expiration date. The $5.0 billion stock repurchase program replaced a $4.0 billion stock repurchase program, of which $2.5 billion remained authorized for repurchase. At March 31, 2013, $5.0 billion remained available for repurchase under the Company’s stock repurchase program.
Dividends. On March 5, 2013, the Company announced a 40% increase in its quarterly cash dividend per share of common stock from $0.25 to $0.35, which is effective for dividends payable after March 27, 2013. On April 9, 2013, the Company announced a cash dividend of $0.35 per share on the Company’s common stock, payable on June 26, 2013 to stockholders of record as of June 5, 2013. During the six months ended March 31, 2013 and March 25, 2012, dividends charged to retained earnings were as follows (in millions, except per share data):
 
2013
 
2012
 
Per Share
 
Total
 
Per Share
 
Total
First quarter
$
0.250

 
$
435

 
$
0.215

 
$
368

Second quarter
0.250

 
439

 
0.215

 
377

 
$
0.500

 
$
874

 
$
0.430

 
$
745