2015 Q4 Form 10-Q Financial Statement

#000123445216000352 Filed on January 27, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4
Revenue $5.775B $7.099B
YoY Change -18.65% 7.2%
Cost Of Revenue $2.534B $3.047B
YoY Change -16.84% 12.6%
Gross Profit $3.241B $4.052B
YoY Change -20.01% 3.47%
Gross Profit Margin 56.12% 57.08%
Selling, General & Admin $578.0M $583.0M
YoY Change -0.86% -6.42%
% of Gross Profit 17.83% 14.39%
Research & Development $1.352B $1.352B
YoY Change 0.0% 1.81%
% of Gross Profit 41.72% 33.37%
Depreciation & Amortization $364.0M $287.0M
YoY Change 26.83% 5.51%
% of Gross Profit 11.23% 7.08%
Operating Expenses $1.930B $1.935B
YoY Change -0.26% -0.82%
Operating Profit $1.685B $2.064B
YoY Change -18.36% 38.25%
Interest Expense $74.00M $1.000M
YoY Change 7300.0% -66.67%
% of Operating Profit 4.39% 0.05%
Other Income/Expense, Net
YoY Change
Pretax Income $1.710B $2.298B
YoY Change -25.59% 30.79%
Income Tax $214.0M $327.0M
% Of Pretax Income 12.51% 14.23%
Net Earnings $1.498B $1.972B
YoY Change -24.04% 5.17%
Net Earnings / Revenue 25.94% 27.78%
Basic Earnings Per Share $1.00 $1.19
Diluted Earnings Per Share $0.99 $1.17
COMMON SHARES
Basic Shares Outstanding 1.502B shares 1.661B shares
Diluted Shares Outstanding 1.517B shares 1.686B shares

Balance Sheet

Concept 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.53B $17.79B
YoY Change -7.08% 2.94%
Cash & Equivalents $6.913B $6.325B
Short-Term Investments $9.615B $11.46B
Other Short-Term Assets $664.0M $528.0M
YoY Change 25.76% 3.53%
Inventory $1.216B $1.761B
Prepaid Expenses
Receivables $1.302B $2.239B
Other Receivables $21.00M $0.00
Total Short-Term Assets $20.34B $22.76B
YoY Change -10.65% 10.57%
LONG-TERM ASSETS
Property, Plant & Equipment $2.484B $2.531B
YoY Change -1.86% -1.21%
Goodwill $5.669B $4.413B
YoY Change 28.46% 4.77%
Intangibles $4.068B $2.497B
YoY Change 62.92% 0.28%
Long-Term Investments $14.06B $13.82B
YoY Change 1.8% -3.59%
Other Assets $1.991B $1.101B
YoY Change 80.84% 45.44%
Total Long-Term Assets $29.89B $25.69B
YoY Change 16.37% -0.04%
TOTAL ASSETS
Total Short-Term Assets $20.34B $22.76B
Total Long-Term Assets $29.89B $25.69B
Total Assets $50.23B $48.45B
YoY Change 3.68% 4.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.359B $2.482B
YoY Change -45.25% 80.51%
Accrued Expenses $895.0M $786.0M
YoY Change 13.87% 11.33%
Deferred Revenue
YoY Change
Short-Term Debt $1.000B $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.503B $6.405B
YoY Change 1.53% 20.55%
LONG-TERM LIABILITIES
Long-Term Debt $9.950B $0.00
YoY Change -100.0%
Other Long-Term Liabilities $913.0M $460.0M
YoY Change 98.48% 22.34%
Total Long-Term Liabilities $913.0M $460.0M
YoY Change 98.48% 22.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.503B $6.405B
Total Long-Term Liabilities $913.0M $460.0M
Total Liabilities $20.00B $9.628B
YoY Change 107.69% 4.03%
SHAREHOLDERS EQUITY
Retained Earnings $30.17B $32.06B
YoY Change -5.89% 19.91%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.24B $38.82B
YoY Change
Total Liabilities & Shareholders Equity $50.23B $48.45B
YoY Change 3.68% 4.68%

Cashflow Statement

Concept 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income $1.498B $1.972B
YoY Change -24.04% 5.17%
Depreciation, Depletion And Amortization $364.0M $287.0M
YoY Change 26.83% 5.51%
Cash From Operating Activities $2.739B $2.364B
YoY Change 15.86% -14.99%
INVESTING ACTIVITIES
Capital Expenditures -$128.0M -$253.0M
YoY Change -49.41% 20.48%
Acquisitions
YoY Change
Other Investing Activities -$82.00M -$22.00M
YoY Change 272.73% -72.84%
Cash From Investing Activities -$716.0M -$1.736B
YoY Change -58.76% -490.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.951B $1.548B
YoY Change 26.03% 175.94%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.665B -$2.203B
YoY Change 20.97% 105.31%
NET CHANGE
Cash From Operating Activities $2.739B $2.364B
Cash From Investing Activities -$716.0M -$1.736B
Cash From Financing Activities -$2.665B -$2.203B
Net Change In Cash -$642.0M -$1.575B
YoY Change -59.24% -173.15%
FREE CASH FLOW
Cash From Operating Activities $2.739B $2.364B
Capital Expenditures -$128.0M -$253.0M
Free Cash Flow $2.867B $2.617B
YoY Change 9.55% -12.5%

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CY2015Q4 us-gaap Description Of Lessee Leasing Arrangements Operating Leases
DescriptionOfLesseeLeasingArrangementsOperatingLeases
The Company leases certain of its land, facilities and equipment under noncancellable operating leases, with terms ranging from less than one year to 21 years and with provisions in certain leases for cost-of-living increases.
CY2014Q4 us-gaap Dividends
Dividends
710000000 USD
CY2015Q4 us-gaap Dividends
Dividends
730000000 USD
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.00
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2014Q4 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-7000000 USD
CY2015Q4 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-5000000 USD
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.19
CY2015Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.13
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.14
CY2015Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
861000000 USD
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
895000000 USD
CY2014Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
44000000 USD
CY2015Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
60000000 USD
CY2014Q4 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
48000000 USD
CY2015Q4 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2000000 USD
CY2014Q4 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
48000000 USD
CY2015Q4 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2000000 USD
CY2015Q4 us-gaap Factors Used To Identify Entitys Reportable Segments
FactorsUsedToIdentifyEntitysReportableSegments
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
CY2014Q4 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
0 USD
CY2015Q4 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
380000000 USD
CY2014Q4 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
166000000 USD
CY2015Q4 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
49000000 USD
CY2015Q4 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
48000000 USD
CY2014Q4 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
10000000 USD
CY2015Q4 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
6000000 USD
CY2014Q4 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
16000000 USD
CY2015Q3 us-gaap Goodwill
Goodwill
5479000000 USD
CY2015Q4 us-gaap Goodwill
Goodwill
5669000000 USD
CY2014Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
69000000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2298000000 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1710000000 USD
CY2014Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4000000 USD
CY2015Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-20000000 USD
CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
327000000 USD
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
214000000 USD
CY2014Q4 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
268000000 USD
CY2015Q4 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
50000000 USD
CY2014Q4 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-73000000 USD
CY2015Q4 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-37000000 USD
CY2014Q4 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
20000000 USD
CY2015Q4 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
98000000 USD
CY2014Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
303000000 USD
CY2015Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-291000000 USD
CY2014Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
140000000 USD
CY2015Q4 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-66000000 USD
CY2014Q4 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-173000000 USD
CY2015Q4 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-646000000 USD
CY2014Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
25003000 shares
CY2015Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
14430000 shares
CY2015Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3742000000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4068000000 USD
CY2014Q4 us-gaap Interest Expense
InterestExpense
1000000 USD
CY2015Q4 us-gaap Interest Expense
InterestExpense
74000000 USD
CY2015Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
941000000 USD
CY2015Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
757000000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
1492000000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
1216000000 USD
CY2015Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1000000 USD
CY2015Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1000000 USD
CY2015Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
550000000 USD
CY2015Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
458000000 USD
CY2014Q4 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
134000000 USD
CY2015Q4 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
136000000 USD
CY2014Q4 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
235000000 USD
CY2015Q4 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
99000000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
19382000000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
19996000000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50796000000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50229000000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
6100000000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6503000000 USD
CY2014Q4 us-gaap Licenses Revenue
LicensesRevenue
1883000000 USD
CY2015Q4 us-gaap Licenses Revenue
LicensesRevenue
1688000000 USD
CY2015 us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
the Company was in compliance with the covenants
CY2015Q4 us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
the Company was in compliance with the covenants
CY2015Q4 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
CY2015Q4 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2020-02-18
CY2015Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
4000000000 USD
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
9969000000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
9950000000 USD
CY2015Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
9600000000 USD
CY2015Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
9600000000 USD
CY2015Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
9761000000 USD
CY2015Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
9615000000 USD
CY2015Q3 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
13626000000 USD
CY2015Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
14063000000 USD
CY2014Q4 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
156000000 USD
CY2015Q4 us-gaap Marketable Securities Realized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments
43000000 USD
CY2014Q4 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
62000000 USD
CY2015Q4 us-gaap Marketable Securities Realized Gain Loss Other Than Temporary Impairments Amount
MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount
49000000 USD
CY2015Q3 us-gaap Minority Interest
MinorityInterest
-7000000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
664000000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1863000000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1991000000 USD
CY2015Q4 us-gaap Other Commitment
OtherCommitment
431000000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
-8000000 USD
CY2014Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2203000000 USD
CY2015Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2665000000 USD
CY2014Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1736000000 USD
CY2015Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-716000000 USD
CY2014Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2364000000 USD
CY2015Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2739000000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
1972000000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
1498000000 USD
CY2014Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000000 USD
CY2015Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2000000 USD
CY2015Q4 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1000000 USD
CY2015Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
275000000 USD
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
2064000000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1685000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
20000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
30000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
45000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
78000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
27000000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
75000000 USD
CY2015Q3 us-gaap Other Assets Current
OtherAssetsCurrent
687000000 USD
CY2015Q4 us-gaap Other Commitments Future Minimum Payments Remainder Of Fiscal Year
OtherCommitmentsFutureMinimumPaymentsRemainderOfFiscalYear
197000000 USD
CY2014Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-21000000 USD
CY2015Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-14000000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2015Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-1000000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-206000000 USD
CY2015Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-126000000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
111000000 USD
CY2015Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
25000000 USD
CY2014Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
41000000 USD
CY2015Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
47000000 USD
CY2014Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2000000 USD
CY2015Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1000000 USD
CY2014Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-104000000 USD
CY2015Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-109000000 USD
CY2015Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2356000000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2610000000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
817000000 USD
CY2014Q4 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
5966000000 USD
CY2015Q4 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
3737000000 USD
CY2014Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
253000000 USD
CY2015Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
128000000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
913000000 USD
CY2014Q4 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
31000000 USD
CY2015Q4 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
13000000 USD
CY2014Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-53000000 USD
CY2015Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
374000000 USD
CY2015Q3 us-gaap Other Receivables
OtherReceivables
12000000 USD
CY2015Q4 us-gaap Other Receivables
OtherReceivables
8000000 USD
CY2015Q4 us-gaap Other Restructuring Costs
OtherRestructuringCosts
25000000 USD
CY2015Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
462000000 USD
CY2015Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
422000000 USD
CY2015Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
22000000 USD
CY2014Q4 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
65000000 USD
CY2015Q4 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
63000000 USD
CY2014Q4 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-22000000 USD
CY2015Q4 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-82000000 USD
CY2014Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1664000000 USD
CY2015Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2050000000 USD
CY2015Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
59000000 USD
CY2014Q4 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
697000000 USD
CY2015Q4 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
717000000 USD
CY2014Q4 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
302000000 USD
CY2015Q4 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
149000000 USD
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
8000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
8000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
116000000 USD
CY2015Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
99000000 USD
CY2014Q4 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6000000 USD
CY2015Q4 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
2000000 USD
CY2014Q4 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
4578000000 USD
CY2015Q4 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
3113000000 USD
CY2014Q4 us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
296000000 USD
CY2015Q4 us-gaap Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment
ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment
121000000 USD
CY2014Q4 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
0 USD
CY2014Q4 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-12000000 USD
CY2015Q4 us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
232000000 USD
CY2014Q4 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
0 USD
CY2015Q4 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
200000000 USD
CY2014Q4 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
CY2015Q4 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1089000000 USD
CY2014Q4 us-gaap Profit Loss
ProfitLoss
1971000000 USD
CY2015Q4 us-gaap Profit Loss
ProfitLoss
1496000000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2534000000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2484000000 USD
CY2014Q4 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
CY2015Q4 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1090000000 USD
CY2014Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1352000000 USD
CY2015Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1352000000 USD
CY2015 us-gaap Restructuring And Related Activities Initiation Date
RestructuringAndRelatedActivitiesInitiationDate
2015-07-22
CY2015Q4 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
196000000 USD
CY2015Q4 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
54000000 USD
CY2015Q4 us-gaap Restructuring Charges
RestructuringCharges
55000000 USD
CY2015Q3 us-gaap Restructuring Reserve
RestructuringReserve
153000000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
145000000 USD
CY2015Q4 us-gaap Restructuring Reserve Accrual Adjustment
RestructuringReserveAccrualAdjustment
-4000000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
31226000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
30172000000 USD
CY2014Q4 us-gaap Revenues
Revenues
7099000000 USD
CY2015Q4 us-gaap Revenues
Revenues
5775000000 USD
CY2014Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
583000000 USD
CY2015Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
578000000 USD
CY2015Q4 us-gaap Severance Costs1
SeveranceCosts1
23000000 USD
CY2014Q4 us-gaap Share Based Compensation
ShareBasedCompensation
273000000 USD
CY2015Q4 us-gaap Share Based Compensation
ShareBasedCompensation
247000000 USD
CY2015Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
1000000000 USD
CY2015Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1000000000 USD
CY2015Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
70000000 USD
CY2015Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
15000000000 USD
CY2015Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
4900000000 USD
CY2014Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
22940000 shares
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
36606000 shares
CY2014Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1660000000 USD
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2050000000 USD
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2050000000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
31421000000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
30241000000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31414000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
30233000000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
40000000 USD
CY2015Q3 us-gaap Trading Securities
TradingSecurities
0 USD
CY2015Q4 us-gaap Trading Securities
TradingSecurities
0 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
113000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
196000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
718000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
891000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
739000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
14000000 USD
CY2015Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
3200000000 USD
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1686000000 shares
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1517000000 shares
CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1661000000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1502000000 shares
CY2015Q4 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><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. Each of the </font><font style="font-family:inherit;font-size:10pt;">three-month</font><font style="font-family:inherit;font-size:10pt;"> periods ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;27, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;28, 2014</font><font style="font-family:inherit;font-size:10pt;"> included </font><font style="font-family:inherit;font-size:10pt;">13 weeks</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2015Q4 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in the Company&#8217;s condensed consolidated financial statements and the accompanying notes. 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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0001234452-16-000352.txt Edgar Link pending
0001234452-16-000352-xbrl.zip Edgar Link pending
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