Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v2.4.0.8
Stockholders' Equity
 3 Months Ended
Dec. 29, 2013
Notes to Financial Statements [Abstract]  
Note 5 - Stockholders' Equity
Note 5 — Stockholders’ Equity
Changes in stockholders’ equity for the three months ended December 29, 2013 were as follows (in millions):
 
Qualcomm Stockholders’ Equity
 
Noncontrolling Interests
 
Total Stockholders’ Equity
Balance at September 29, 2013
$
36,088

 
$
(1
)
 
$
36,087

Net income (loss) (1)
1,875

 
(1
)
 
1,874

Other comprehensive income
31

 
—

 
31

Common stock issued under employee benefit plans and related tax benefits, net of shares withheld for taxes
342

 
—

 
342

Share-based compensation
291

 
—

 
291

Dividends
(599
)
 
—

 
(599
)
Stock repurchases
(1,002
)
 
—

 
(1,002
)
Other
1

 
2

 
3

Balance at December 29, 2013
$
37,027

 
$
—

 
$
37,027


(1)
Discontinued operations, net of income taxes (Note 8) was attributable to Qualcomm.
Accumulated Other Comprehensive Income. Changes in the components of accumulated other comprehensive income, net of income taxes, in Qualcomm stockholders’ equity during the three months ended December 29, 2013 were as follows (in millions):
 
Foreign Currency Translation Adjustment
 
Noncredit Other-than-Temporary Impairment Losses and Subsequent Changes in Fair Value for Certain Available-for-Sale Debt Securities
 
Net Unrealized Gain (Loss) on Other Available-for-Sale Securities
 
Net Unrealized Gain (Loss) on Derivative Instruments
 
Total Accumulated Other Comprehensive Income
Balance at September 29, 2013
$
(115
)
 
$
25

 
$
825

 
$
18

 
$
753

Other comprehensive income before reclassifications
6

 
—

 
77

 
7

 
90

Reclassifications from accumulated other comprehensive income
—

 
—

 
(53
)
(a)
(6
)
(b)
(59
)
Other comprehensive income
6

 
—

 
24

 
1

 
31

Balance at December 29, 2013
$
(109
)
 
$
25

 
$
849

 
$
19

 
$
784


(a)
Reclassifications from accumulated other comprehensive income were recorded in investment income, net (Note 3).
(b)
Reclassifications from accumulated other comprehensive income were recorded in revenues, cost of equipment and services revenues, research and development expenses and selling, general and administrative expenses.
Stock Repurchase Program. During the three months ended December 29, 2013 and December 30, 2012, the Company repurchased and retired 14,196,000 and 4,295,000 shares, respectively, of the Company’s common stock for $1.0 billion and $250 million, respectively, before commissions. On September 11, 2013, the Company announced a stock repurchase program authorizing it to repurchase up to $5.0 billion of the Company’s common stock. The stock repurchase program has no expiration date. At December 29, 2013, $3.8 billion remained available for repurchase under the Company’s stock repurchase program.
Dividends. Cash dividends announced in the three months ended December 29, 2013 and December 30, 2012 were $0.35 and $0.25 per share, respectively. During the three months ended December 29, 2013 and December 30, 2012, dividends charged to retained earnings were $599 million and $435 million, respectively. On January 22, 2014, the Company announced a cash dividend of $0.35 per share on the Company’s common stock, payable on March 26, 2014 to stockholders of record as of the close of business on March 5, 2014.