2015 Form 10-K Financial Statement

#000123445215000271 Filed on November 04, 2015

View on sec.gov

Income Statement

Concept 2015 2014 Q3 2014 Q2
Revenue $25.28B $6.692B $6.806B
YoY Change -4.55% 3.27% 9.02%
Cost Of Revenue $10.38B $2.692B $2.740B
YoY Change -2.88% -0.81% 9.73%
Gross Profit $14.90B $4.000B $4.066B
YoY Change -5.68% 6.19% 8.54%
Gross Profit Margin 58.95% 59.77% 59.74%
Selling, General & Admin $2.344B $539.0M $582.0M
YoY Change 2.36% -17.96% -5.06%
% of Gross Profit 15.73% 13.48% 14.31%
Research & Development $5.490B $1.360B $1.429B
YoY Change 0.24% 0.82% 10.09%
% of Gross Profit 36.84% 34.0% 35.15%
Depreciation & Amortization $1.214B $297.0M $292.0M
YoY Change 5.57% 8.79% 14.51%
% of Gross Profit 8.15% 7.43% 7.18%
Operating Expenses $7.834B $1.933B $2.011B
YoY Change 0.86% -3.64% 5.23%
Operating Profit $5.776B $1.992B $2.075B
YoY Change -23.5% 25.44% 23.73%
Interest Expense $104.0M $263.0M $0.00
YoY Change 1980.0% -5.73% -100.0%
% of Operating Profit 1.8% 13.2% 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income $6.487B $2.252B $2.497B
YoY Change -26.1% 23.6% 30.73%
Income Tax $1.219B $358.0M $260.0M
% Of Pretax Income 18.79% 15.9% 10.41%
Net Earnings $5.271B $1.894B $2.238B
YoY Change -33.84% 26.18% 41.65%
Net Earnings / Revenue 20.85% 28.3% 32.88%
Basic Earnings Per Share $3.26 $1.13 $1.33
Diluted Earnings Per Share $3.22 $1.11 $1.31
COMMON SHARES
Basic Shares Outstanding 1.618B shares 1.676B shares 1.683B shares
Diluted Shares Outstanding 1.639B shares 1.714B shares

Balance Sheet

Concept 2015 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.32B $17.57B $18.15B
YoY Change -1.39% 17.37% 58.39%
Cash & Equivalents $7.560B $7.907B $7.944B
Short-Term Investments $9.761B $9.658B $10.21B
Other Short-Term Assets $1.322B $401.0M $535.0M
YoY Change 35.17% -29.9% 5.73%
Inventory $1.492B $1.458B $1.185B
Prepaid Expenses
Receivables $1.941B $2.362B $2.084B
Other Receivables $23.00M $50.00M $0.00
Total Short-Term Assets $22.10B $22.41B $22.41B
YoY Change -1.4% 14.62% 40.3%
LONG-TERM ASSETS
Property, Plant & Equipment $2.534B $2.487B $2.555B
YoY Change 1.89% -16.96% -14.09%
Goodwill $4.488B $4.183B
YoY Change 12.88% 4.71%
Intangibles $2.580B $2.608B
YoY Change 1.06% -3.05%
Long-Term Investments $13.63B $14.46B $14.56B
YoY Change -5.75% 0.12% -23.11%
Other Assets $3.316B $975.0M $843.0M
YoY Change 54.3% 3.94% 6.57%
Total Long-Term Assets $28.70B $26.16B $25.95B
YoY Change 9.69% 0.77% -15.86%
TOTAL ASSETS
Total Short-Term Assets $22.10B $22.41B $22.41B
Total Long-Term Assets $28.70B $26.16B $25.95B
Total Assets $50.80B $48.57B $48.36B
YoY Change 4.57% 6.72% 3.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.300B $2.183B $1.900B
YoY Change -40.45% 40.48% 2.7%
Accrued Expenses $861.0M $802.0M $740.0M
YoY Change 7.36% -4.41% 3.79%
Deferred Revenue
YoY Change
Short-Term Debt $1.000B $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M
YoY Change 0.0%
Total Short-Term Liabilities $6.100B $6.013B $6.021B
YoY Change 1.45% 15.35% 19.75%
LONG-TERM LIABILITIES
Long-Term Debt $9.969B $0.00 $11.00M
YoY Change -100.0% -45.0%
Other Long-Term Liabilities $3.313B $428.0M $379.0M
YoY Change -2.42% -22.18% -26.97%
Total Long-Term Liabilities $13.28B $428.0M $379.0M
YoY Change 291.22% -22.18% -26.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.100B $6.013B $6.021B
Total Long-Term Liabilities $13.28B $428.0M $379.0M
Total Liabilities $19.38B $9.408B $9.568B
YoY Change 106.01% -0.22% 3.71%
SHAREHOLDERS EQUITY
Retained Earnings $30.80B $29.62B
YoY Change 20.97% 20.57%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.42B $39.17B $38.79B
YoY Change
Total Liabilities & Shareholders Equity $50.80B $48.57B $48.36B
YoY Change 4.57% 6.72% 3.3%

Cashflow Statement

Concept 2015 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $5.271B $1.894B $2.238B
YoY Change -33.84% 26.18% 41.65%
Depreciation, Depletion And Amortization $1.214B $297.0M $292.0M
YoY Change 5.57% 8.79% 14.51%
Cash From Operating Activities $5.506B $1.619B $2.673B
YoY Change -38.04% -35.5% 31.61%
INVESTING ACTIVITIES
Capital Expenditures -$994.0M -$230.0M -$158.0M
YoY Change -16.12% -4.17% -49.68%
Acquisitions
YoY Change
Other Investing Activities $3.000M $143.0M $1.064B
YoY Change -103.7% -96.92% -153.15%
Cash From Investing Activities -$3.572B -$87.00M $906.0M
YoY Change 117.94% -101.97% -139.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.46B
YoY Change 236.3%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities -$2.261B -1.563B -1.976B
YoY Change -58.74% -52.81% 55.35%
NET CHANGE
Cash From Operating Activities $5.506B 1.619B 2.673B
Cash From Investing Activities -$3.572B -87.00M 906.0M
Cash From Financing Activities -$2.261B -1.563B -1.976B
Net Change In Cash -$327.0M -31.00M 1.603B
YoY Change -118.5% -100.86% -202.95%
FREE CASH FLOW
Cash From Operating Activities $5.506B $1.619B $2.673B
Capital Expenditures -$994.0M -$230.0M -$158.0M
Free Cash Flow $6.500B $1.849B $2.831B
YoY Change -35.46% -32.76% 20.72%

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The Company is organized on the basis of products and services. The Company conducts business primarily through two reportable segments: QCT (Qualcomm CDMA Technologies) and QTL (Qualcomm Technology Licensing), and its QSI (Qualcomm Strategic Initiatives) reportable segment makes strategic investments and includes revenues and related costs associated with development contracts with an equity method investee
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GoodwillImpairedAccumulatedImpairmentLoss
260000000 USD
CY2015Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
520000000 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
116000000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
260000000 USD
CY2015 us-gaap Goodwill Other Changes
GoodwillOtherChanges
-7000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
3798000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
3213000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2993000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8194000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8778000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6487000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4396000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
5565000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3494000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
6845000000 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1444000000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1958000000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2237000000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1893000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
7534000000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1971000000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1052000000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1183000000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1060000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
5268000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.99
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.86
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.16
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.33
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.13
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.48
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.26
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.91
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.84
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.14
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.31
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.11
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.40
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.22
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
430000000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
430000000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.25
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.25
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.25
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.25
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6000000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-10000000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-32000000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1349000000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1244000000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1219000000 USD
CY2013 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
758000000 USD
CY2014 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
690000000 USD
CY2015 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
656000000 USD
CY2015 us-gaap Income Tax Holiday Description
IncomeTaxHolidayDescription
The Company’s QCT segment’s non-United States headquarters is located in Singapore. The Company has obtained tax incentives in Singapore that commenced in March 2012, which are effective through March 2027, that result in a tax exemption for the first five years provided that the Company meets specified employment and investment criteria. The Company’s Singapore tax rate will increase in fiscal 2017 and again in fiscal 2027 as a result of the expiration of these incentives.
CY2013 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.43
CY2014 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.40
CY2015 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.40
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1362000000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1750000000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-937000000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2868000000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
3072000000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2270000000 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
12000000 USD
CY2015 us-gaap Interest Paid
InterestPaid
8000000 USD
CY2014Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
801000000 USD
CY2015Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
941000000 USD
CY2014Q3 us-gaap Inventory Net
InventoryNet
1458000000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
1492000000 USD
CY2014Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1000000 USD
CY2015Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1000000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
155000000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-93000000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
209000000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-41000000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
16000000 USD
CY2015 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-101000000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
26000000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
24000000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
18000000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
195000000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
61000000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
148000000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
-61000000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1100000000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1200000000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1200000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
307000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
619000000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-908000000 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
15000000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-292000000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-561000000 USD
CY2013 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
752000000 USD
CY2014 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-617000000 USD
CY2015 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-328000000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
300000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-108000000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
793000000 USD
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
680000000 USD
CY2014 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
281000000 USD
CY2015 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-550000000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
38670000 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
30655000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
20724000 shares
CY2014Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
55000000 USD
CY2015Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
196000000 USD
CY2014Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4641000000 USD
CY2015Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5941000000 USD
CY2014Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2580000000 USD
CY2015Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3742000000 USD
CY2013 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
65000000 USD
CY2013 us-gaap Interest Expense
InterestExpense
23000000 USD
CY2014 us-gaap Interest Expense
InterestExpense
5000000 USD
CY2015 us-gaap Interest Expense
InterestExpense
104000000 USD
CY2015 us-gaap Interest Expense Debt
InterestExpenseDebt
97000000 USD
CY2014Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
656000000 USD
CY2015Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
550000000 USD
CY2013 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
697000000 USD
CY2014 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
586000000 USD
CY2015 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
527000000 USD
CY2015 us-gaap Loss Contingency Managements Assessment And Process
LossContingencyManagementsAssessmentAndProcess
As previously disclosed, the Company discovered, and as a part of its cooperation with these investigations informed the SEC and the DOJ of, instances in which special hiring consideration, gifts or other benefits (collectively, benefits) were provided to several individuals associated with Chinese state-owned companies or agencies. Based on the facts currently known, the Company believes the aggregate monetary value of the benefits in question to be less than $250,000, excluding employment compensation.
CY2014Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
2117000000 USD
CY2013 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
987000000 USD
CY2014 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
1233000000 USD
CY2015 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
815000000 USD
CY2014Q3 us-gaap Land
Land
225000000 USD
CY2015Q3 us-gaap Land
Land
212000000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
90000000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
91000000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
99000000 USD
CY2014Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
247000000 USD
CY2015Q3 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
274000000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
9408000000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
19382000000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
48574000000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50796000000 USD
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
6013000000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
6100000000 USD
CY2013 us-gaap Licenses Revenue
LicensesRevenue
7878000000 USD
CY2014 us-gaap Licenses Revenue
LicensesRevenue
7862000000 USD
CY2015 us-gaap Licenses Revenue
LicensesRevenue
8202000000 USD
CY2015 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0005
CY2015 us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
the Company was in compliance with the covenants
CY2015 us-gaap Line Of Credit Facility Covenant Terms
LineOfCreditFacilityCovenantTerms
maintain a ratio of consolidated earnings before interest, taxes, depreciation and amortization to consolidated interest expense, as defined in the Revolving Credit Facility, of not less than three to one at the end of each fiscal quarter
CY2015 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2020-02-18
CY2015 us-gaap Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
2015-02-18
CY2015 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
at the option of the Company, at either LIBOR (determined in accordance with the Revolving Credit Facility) plus a margin of 0.7% per annum or the Base Rate (determined in accordance with the Revolving Credit Facility), plus an initial margin of 0% per annum.
CY2015Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
4000000000 USD
CY2014Q3 us-gaap Long Term Debt
LongTermDebt
0 USD
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
9969000000 USD
CY2015Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
9600000000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
6500000000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2000000000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1500000000 USD
CY2015Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
2287000000 USD
CY2014Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
9658000000 USD
CY2015Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
9761000000 USD
CY2014Q3 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
14457000000 USD
CY2015Q3 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
13626000000 USD
CY2013 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
317000000 USD
CY2014 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
770000000 USD
CY2015 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
451000000 USD
CY2013 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
72000000 USD
CY2014 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
156000000 USD
CY2015 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
163000000 USD
CY2014Q3 us-gaap Minority Interest
MinorityInterest
-3000000 USD
CY2015Q3 us-gaap Minority Interest
MinorityInterest
-7000000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4845000000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5480000000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2261000000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1578000000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1639000000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3572000000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8778000000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8887000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5506000000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
6853000000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
1875000000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
1959000000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
2238000000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
1894000000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
7967000000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
1972000000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
1053000000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
1184000000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
1061000000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
5271000000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-8000000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3000000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3000000 USD
CY2013 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
23000000 USD
CY2013 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
11000000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
7230000000 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1493000000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1990000000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2075000000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1992000000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
7550000000 USD
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
2064000000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1336000000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1235000000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1140000000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
5776000000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
99000000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
17000000 USD
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CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2015 us-gaap Treasury Stock Acquired Repurchase Authorization
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To reflect share repurchases in the consolidated balance sheet, the Company (i) reduces common stock for the par value of the shares, (ii) reduces paid-in capital for the amount in excess of par to zero during the quarter in which the shares are repurchased and (iii) records the residual amount to retained earnings
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UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
953000000 USD
CY2015Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
742000000 USD
CY2015Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
9000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
-78000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
-1000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
90000000 USD
CY2012Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
235000000 USD
CY2013Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
277000000 USD
CY2014Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
423000000 USD
CY2015Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
641000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
120000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
150000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
131000000 USD
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
0 USD
CY2014 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
3000000 USD
CY2015 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
3000000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1754000000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1714000000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1639000000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1715000000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1683000000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1618000000 shares
CY2015 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal Year.</font><font style="font-family:inherit;font-size:10pt;"> The Company operates and reports using a 52-53 week fiscal year ending on the last Sunday in September. The fiscal years ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;27, 2015</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">September&#160;28, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">September&#160;29, 2013</font><font style="font-family:inherit;font-size:10pt;"> included 52&#160;weeks.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Financial Statement Preparation.</font><font style="font-family:inherit;font-size:10pt;"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in the Company&#8217;s consolidated financial statements and the accompanying notes. Examples of the Company&#8217;s significant accounting estimates that may involve a higher degree of judgment and complexity than others include: the determination of other-than-temporary impairments of marketable securities; the valuation of inventories; the valuation and assessment of the recoverability of goodwill and other indefinite-lived and long-lived assets; the recognition, measurement and disclosure of loss contingencies related to legal proceedings; and the calculation of tax liabilities, including the recognition and measurement of uncertain tax positions and the determination that the operating earnings of certain non-United States subsidiaries are indefinitely reinvested outside the United States. Actual results could differ from those estimates. Certain prior year amounts have been reclassified to conform to the current year presentation.</font></div></div>

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