Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v2.4.0.8
Stockholders' Equity
 9 Months Ended
Jun. 30, 2013
Notes to Financial Statements [Abstract]  
Note 5 - Stockholders' Equity
Note 5 — Stockholders’ Equity
Changes in stockholders’ equity for the nine months ended June 30, 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)
5,352

 
(8
)
 
5,344

Other comprehensive loss
(168
)
 
(1
)
 
(169
)
Common stock issued under employee benefit plans and related tax benefits, net of shares withheld for taxes
790

 
—

 
790

Share-based compensation
857

 
—

 
857

Dividends
(1,489
)
 
—

 
(1,489
)
Stock repurchases
(1,289
)
 
—

 
(1,289
)
Issuance of subsidiary shares to noncontrolling interest
5

 
6

 
11

Deconsolidation of subsidiaries
—

 
(17
)
 
(17
)
Other
(3
)
 
3

 
—

Balance at June 30, 2013
$
37,578

 
$
5

 
$
37,583


Accumulated Other Comprehensive Income. Components of accumulated other comprehensive income in Qualcomm stockholders’ equity consisted of the following (in millions):
 
June 30,
2013
 
September 30,
2012
Foreign currency translation
$
(118
)
 
$
(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
763

 
942

Net unrealized gains on derivative instruments, net of income taxes
28

 
2

 
$
698

 
$
866


At June 30, 2013 and September 30, 2012, accumulated other comprehensive income included $1 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 nine months ended June 30, 2013 and June 24, 2012, the Company repurchased and retired 21,009,000 and 8,606,000 shares, respectively, of the Company’s common stock for $1.3 billion and $471 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. At June 30, 2013, $4.0 billion remained available for repurchase under the Company’s stock repurchase program. Since June 30, 2013, the Company repurchased 8,404,000 shares of common stock for $512 million.
Dividends. On July 17, 2013, the Company announced a cash dividend of $0.35 per share on the Company’s common stock, payable on September 25, 2013 to stockholders of record as of September 4, 2013. During the nine months ended June 30, 2013 and June 24, 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

Third quarter
0.350

 
615

 
0.250

 
429

 
$
0.850

 
$
1,489

 
$
0.680

 
$
1,174