Qualcomm 2006 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2006 Qualcomm annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

66 qualcomm 2006
Notes to Consolidated Financial Statements continued
Available-for-sale securities were comprised as follows (in millions):
Unrealized Unrealized Fair
Cost Gains Losses Value
September 24, 2006
Equity securities $2,693 $194 $(32) $2,855
Debt securities 5,500 11 (24) 5,487
Total $8,193 $205 $(56) $8,342
September 25, 2005
Equity securities $1,353 $131 $(29) $1,455
Debt securities 5,039 14 (27) 5,026
Total $6,392 $145 $(56) $6,481
The Company had no held-to-maturity debt securities at
September 24, 2006. The fair values of held-to-maturity debt
securities at September 25, 2005 approximate cost.
note 2. marketable securities
Marketable securities were comprised as follows (in millions):
Current Noncurrent
Sept. 24, Sept. 24, Sept. 24, Sept. 25,
2006 2005 2006 2005
Held-to-maturity:
Government-sponsored enterprise securities $ — $ 60 $ — $ —
Corporate bonds and notes — 70 — —
— 130 — —
Available-for-sale:
U.S. Treasury securities 73 151 — —
Government-sponsored enterprise securities 667 704 — —
Municipal bonds 5 10 — —
Foreign government bonds 17 17 — —
Corporate bonds and notes 2,693 2,645 23 14
Mortgage- and asset-backed securities 617 767 — —
Non-investment grade debt securities 24 24 1,368 694
Equity mutual funds — — 1,519 293
Equity securities 18 30 1,318 1,132
4,114 4,348 4,228 2,133
$4,114 $4,478 $4,228 $2,133
As of September 24, 2006, the contractual maturities of available-
for-sale debt securities were as follows (in millions):
Years to Maturity
Less One to Five to Greater No Single
than One Five Ten than Ten Maturity
Year Years Years Years Date Total
$2,294 $1,358 $679 $27 $1,129 $5,487
Securities with no single maturity date include mortgage- and
asset-backed securities.
The Company recorded realized gains and losses on sales of
available-for-sale marketable securities as follows (in millions):
Gross Gross Net
Realized Realized Realized
Fiscal Year Gains Losses Gains
2006 $176 $(47) $129
2005 198 (31) 167
2004 105 (17) 88