Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 28, 2013
Dec. 29, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income (loss) $ (83) $ (1,183) $ 491
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Non-cash portion of the limited waiver of exclusivity from GLOBALFOUNDRIES 0 278 0
Dilution gain in investee 0 0 (492)
Impairment related to the GLOBALFOUNDRIES investment 0 0 209
Depreciation and amortization 236 260 317
Net (gain) loss on disposal of property, plant and equipment 31 1 (5)
Deferred income taxes 1 (40) (6)
Stock-based compensation expense 91 97 90
Non-cash interest expense 25 23 21
Other (1) 6 9
Changes in operating assets and liabilities:      
Accounts receivable (200) 290 (347)
Inventories (322) (83) 157
Prepaid expenses and other current assets (11) (20) 115
Other assets (92) (12) (1)
Accounts payables, accrued liabilities and other 266 (232) (148)
Payable to GLOBALFOUNDRIES (89) 277 (28)
Net cash provided by (used in) operating activities (148) (338) 382
Cash flows from investing activities:      
Acquisition of SeaMicro, Inc., net of cash acquired 0 (281) 0
Purchases of available-for-sale securities (1,043) (944) (1,586)
Purchases of property, plant and equipment (84) (133) (250)
Proceeds from sale and maturity of available-for-sale securities 1,344 1,348 1,726
Proceeds from sale of property, plant and equipment 238 0 16
Other 0 (9) (19)
Net cash provided by (used in) investing activities 455 (19) (113)
Cash flows from financing activities:      
Proceeds from borrowings of Secured Revolving Line of Credit, net 55 0 0
Proceeds from borrowings, net of issuance cost 0 491 170
Proceeds from issuance of common stock 3 14 18
Net proceeds from grants and allowances 11 23 20
Repayments of long-term debt and capital lease obligations (55) (489) (209)
Other (1) (2) (5)
Net cash provided by (used in) financing activities 13 37 (6)
Net increase (decrease) in cash and cash equivalents 320 (320) 263
Cash and cash equivalents at beginning of year 549 869 606
Cash and cash equivalents at end of year 869 549 869
Supplemental disclosures of cash flow information:      
Cash paid during the year for interest 152 142 152
Cash paid during the year for income taxes $ 9 $ 9 $ 9