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
 12 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Dec. 30, 2017
Cash flows from operating activities:      
Net income (loss) $ 341 $ 337 $ (33)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 222 170 144
Stock-based compensation 197 137 97
Amortization of debt discount and issuance costs 30 38 36
Amortization of operating lease right-of-use assets 36 0 0
Loss on debt redemption, repurchase and conversion 176 12 12
Loss on sale/disposal of property and equipment 42 27 0
Impairment of technology licenses 0 45 0
Deferred income taxes (4) (4) 0
Other (5) (1) 0
Changes in operating assets and liabilities:      
Accounts receivable (623) (806) (103)
Inventories (137) (151) (3)
Prepayment and receivables—related parties 14 (28) (6)
Prepaid expenses and other assets (176) (70) (167)
Payables to related parties 7 35 43
Accounts payable, accrued liabilities and other 373 293 (8)
Net cash provided by operating activities 493 34 12
Cash flows from investing activities:      
Purchases of available-for-sale debt securities 284 123 222
Purchases of property and equipment (217) (163) (113)
Proceeds from maturity of available-for-sale debt securities 325 45 222
Collection of deferred proceeds on sale of receivables 25 71 60
Other 2 0 (1)
Net cash used in investing activities (149) (170) (54)
Cash flows from financing activities:      
Proceeds from issuance of common stock through employee equity incentive plans 74 70 20
Proceeds from (repayments of) short-term debt (70) 0 70
Proceeds from warrant exercised by related party 449 0 0
Payments to extinguish long-term debt (403) (41) (110)
Other (7) (1) (13)
Net cash provided by (used in) financing activities 43 28 (33)
Net increase (decrease) in cash and cash equivalents, and restricted cash 387 (108) (75)
Cash, cash equivalents, and restricted cash at beginning of year 1,083 1,191 1,266
Cash, cash equivalents, and restricted cash at end of year 1,470 1,083 1,191
Cash paid during the year for:      
Interest 67 79 88
Income taxes, net of refund (4) (8) 20
Non-cash investing and financing activities:      
Purchases of property and equipment, accrued but not paid 65 49 50
Issuance of common stock to partially settle convertible debt 377 0 0
Issuance of treasury stock to partially settle debt 7 141 38
Deferred proceeds on sale of receivables 0 25 21
Transfer of assets for the acquisition of property and equipment 115 28 12
Other 9 0 0
Reconciliation of cash, cash equivalents, and restricted cash      
Total cash, cash equivalents, and restricted cash $ 1,083 $ 1,191 $ 1,191