Qualcomm 2014 Annual Report Download - page 72

Download and view the complete annual report

Please find page 72 of the 2014 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 105

  • 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
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105

QUALCOMM Incorporated
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The increase in goodwill from September 29, 2013 to September 28, 2014 was the result of business acquisitions (Note 9), partially offset
by impairments (Notes 2 and 12). Cumulative goodwill impairments were $260 million at September 28, 2014.
The components of other intangible assets, net were as follows (in millions):
All of these intangible assets are subject to amortization, other than acquired in-process research and development with carrying values of
$55 million and $54 million at September 28, 2014 and September 29, 2013, respectively. Amortization expense related to these intangible
assets was $543 million , $499 million and $473 million for fiscal 2014 , 2013 and 2012 , respectively. Amortization expense related to these
intangible assets and acquired in-process research and development, beginning upon the expected completion of the underlying projects, is
expected to be $521 million , $417 million , $302 million , $265 million and $242 million for fiscal 2015 to 2019 , respectively, and $833
million thereafter.
Note 3. Investment Income
Investment income, net was comprised as follows (in millions):
Net impairment losses on marketable securities related to the noncredit portion of losses on debt securities recognized in other
comprehensive income were negligible for all periods presented.
F- 16
September 28,
2014
September 29,
2013
QCT
$
3,467
$
2,875
QTL
712
706
Nonreportable segments
309
395
$
4,488
$
3,976
September 28, 2014
September 29, 2013
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Wireless spectrum
$
18
$
(9
)
$
19
$
(8
)
Marketing-related
78
(47
)
76
(37
)
Technology-based
4,460
(1,956
)
3,964
(1,512
)
Customer-related
85
(49
)
87
(36
)
$
4,641
$
(2,061
)
$
4,146
$
(1,593
)
Other Current Liabilities (in millions)
September 28,
2014
September 29,
2013
Customer incentives and other customer-related liabilities
$
1,777
$
1,706
Other
466
613
$
2,243
$
2,319
2014
2013
2012
Interest and dividend income
$
586
$
697
$
609
Interest expense
(5
)
(23
)
(90
)
Net realized gains on marketable securities
770
317
342
Net realized gains on other investments
56
52
27
Impairment losses on marketable securities
(156
)
(72
)
(71
)
Impairment losses on other investments
(24
)
(13
)
(12
)
Net gains on derivative instruments
5
—
84
Equity in net losses of investees
(10
)
(6
)
(9
)
Net gains on deconsolidation of subsidiaries
6
12
—
$
1,228
$
964
$
880