Intel 2013 Annual Report Download - page 98

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93
Stock Purchase Plan
Approximately 76% of our employees were participating in our 2006 Stock Purchase Plan as of December 28, 2013
(72% in 2012 and 70% in 2011). Employees purchased 20.5 million shares in 2013 for $369 million under the 2006
Stock Purchase Plan (17.4 million shares for $355 million in 2012 and 18.5 million shares for $318 million in 2011).
As of December 28, 2013, there was $13 million in unrecognized compensation costs related to rights to acquire
common stock under our stock purchase plan. We expect to recognize those costs over a period of approximately
one and a half months.
Note 20: Common Stock Repurchases
Common Stock Repurchase Program
We have an ongoing authorization, originally approved by our Board of Directors in October 2005, and subsequently
amended, to repurchase up to $45 billion in shares of our common stock in open market or negotiated transactions.
As of December 28, 2013, $3.2 billion remained available for repurchase under the existing repurchase
authorization limit. During 2013, we repurchased 94.1 million shares of common stock at a cost of $2.1 billion (191.0
million shares of common stock at a cost of $4.8 billion in 2012 and 642.3 million shares of common stock at a cost
of $14.1 billion in 2011). We have repurchased 4.4 billion shares at a cost of $91 billion since the program began in
1990.
Restricted Stock Unit Withholdings
We issue restricted stock units as part of our equity incentive plans. For the majority of restricted stock units
granted, the number of shares issued on the date the restricted stock units vest is net of the minimum statutory
withholding requirements that we pay in cash to the appropriate taxing authorities on behalf of our employees. In
our consolidated financial statements, we also treat shares withheld for tax purposes on behalf of our employees in
connection with the vesting of restricted stock units as common stock repurchases because they reduce the number
of shares that would have been issued upon vesting. These withheld shares are not considered common stock
repurchases under our authorized common stock repurchase plan. During 2013, we withheld 13.1 million shares to
satisfy $293 million of employees’ tax obligations (12.6 million shares to satisfy $345 million during 2012 and 10.3
million shares to satisfy $207 million during 2011).
Note 21: Gains (Losses) on Equity Investments, Net
Gains (losses) on equity investments, net for each period were as follows:
(In Millions) 2013 2012 2011
Share of equity method investee losses, net $ (69) $ (81) $ (204)
Impairment charges (123) (154) (132)
Gains on sales, net 515 183 303
Dividends 46 — —
Other, net 102 193 145
Total gains (losses) on equity investments, net $ 471 $ 141 $ 112
Gains on sales, net for 2013 included gains of $439 million on the sales of our interest in Clearwire LLC and our
shares in Clearwire Corporation in the third quarter of 2013. For further information on these transactions, see "Note
5: Cash and Investments."
Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)