Intel 2013 Annual Report Download - page 79

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74
Note 8: Acquisitions
2013 Acquisitions
During 2013, we completed 12 acquisitions qualifying as business combinations in exchange for aggregate net cash
consideration of $925 million. Most of the consideration was allocated to goodwill and acquisition-related developed
technology intangible assets. Included in these acquisitions is our acquisition of Stonesoft Oyj (Stonesoft) to expand
our network security solutions, specifically addressing next generation firewall products. We acquired Stonesoft in
the third quarter of 2013 for net cash consideration of $381 million, substantially all of which was allocated to
goodwill and acquisition-related developed technology intangible assets. Stonesoft's operating results are included
in our software and services operating segments. For information on the assignment of goodwill to our operating
segments for our acquisitions, see “Note 10: Goodwill,” and for information on the classification of intangible assets,
see “Note 11: Identified Intangible Assets.” The completed acquisitions in 2013, both individually and in the
aggregate, were not significant to our consolidated results of operations.
2012 Acquisitions
During 2012, we completed 15 acquisitions qualifying as business combinations in exchange for aggregate net cash
consideration of $638 million. Substantially all of the consideration was allocated to goodwill and acquisition-related
developed technology intangible assets. The completed acquisitions in 2012, both individually and in the aggregate,
were not significant to our consolidated results of operations.
2011 Acquisitions
McAfee, Inc.
On February 28, 2011, we completed the acquisition of McAfee by acquiring all issued and outstanding common
shares in exchange for cash. The acquired company continues to operate as McAfee and offers products for
endpoint security, network and content security, risk and compliance, and consumer and mobile security. In addition
to managing the existing McAfee business, the objective of the acquisition was to accelerate and enhance Intel’s
combination of hardware and software security solutions, thereby improving the overall security of our platforms.
Total consideration to acquire McAfee was $6.7 billion (net of $943 million of cash and cash equivalents acquired)
and comprised the following:
(In Millions)
Cash $ 6,652
Share-based awards assumed 48
Total $ 6,700
The fair value of the assets acquired and liabilities assumed by major class in the acquisition of McAfee was
recognized as follows:
(In Millions)
Marketable debt securities $ 329
Goodwill 4,299
Identified intangible assets 3,552
Deferred tax assets 738
Other assets 417
Deferred income (1,049)
Deferred tax liabilities (1,191)
Other liabilities (395)
Total $ 6,700
Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)