Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Cash flows from operating activities:      
Net income $ 1,320 $ 3,162 $ 2,490
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 4,174 407 312
Stock-based compensation 1,081 379 274
Amortization of debt discount and issuance costs 0 5 14
Amortization of operating lease right-of-use assets 88 56 42
Loss on debt redemption, repurchase and conversion 0 7 54
Loss on sale or disposal of property and equipment 16 34 33
Deferred income taxes (1,505) 308 (1,223)
Increase (Decrease) in Equity Securities, FV-NI (62) 56 2
Other (14) (7) 8
Changes in operating assets and liabilities:      
Accounts receivable, net (1,091) (640) (219)
Inventories (1,401) (556) (417)
Receivables from related parties (13) 8 10
Prepaid expenses and other assets (1,197) (920) (231)
Payables to related parties 379 7 (135)
Accounts payable 931 801 (513)
Accrued liabilities and other 546 526 574
Net cash provided by operating activities 3,565 3,521 1,071
Cash flows from investing activities:      
Purchases of property and equipment (450) (301) (294)
Purchases of short-term investments (2,667) (2,056) (850)
Proceeds from maturity of short-term investments 4,310 1,678 192
Other (16) (7) 0
Net cash provided by (used in) investing activities 1,999 (686) (952)
Cash flows from financing activities:      
Proceeds from debt, net of issuance costs 991 0 200
Repayment of debt (312) 0 (200)
Proceeds from sales of common stock through employee equity plans 167 104 85
Repurchases of common stock (3,702) (1,762) 0
Common stock repurchases for tax withholding on employee equity plans (406) (237) (78)
Other 2 0 (1)
Net cash (used in) provided by financing activities (3,264) (1,895) 6
Net increase in cash and cash equivalents 2,300 940 125
Cash and cash equivalents at beginning of year 2,535 1,595 1,470
Cash and cash equivalents at end of year 4,835 2,535 1,595
Cash paid during the year for:      
Interest 85 25 31
Income taxes, net of refund 685 35 8
Non-cash investing and financing activities:      
Purchases of property and equipment, accrued but not paid 157 72 31
Issuance of common stock to settle convertible debt 0 25 217
Transfer of assets for the acquisition of property and equipment 13 37 111
Non-cash activities for leases:      
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 115 227 45
Reconciliation of cash, cash equivalents, and restricted cash      
Cash and cash equivalents 4,835 2,535  
Total cash, cash equivalents, and restricted cash 4,835 2,535 1,595
Depreciation and amortization $ 4,174 $ 407 $ 312
common and treasury stock issued      
Non-cash investing and financing activities:      
Other Significant Noncash Transaction, Consideration Given 48,514 — —
Other Significant Noncash Transaction, Consideration Given 48,514 — —
Amortization of Inventory FV adjustment      
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization $ 189 $ 0 $ 0
Depreciation and amortization 189 0 0
Xilinx, Inc. [Member]      
Cash flows from investing activities:      
Cash Acquired from Acquisition 2,366 0 0
Cash Acquired from Acquisition 2,366 0 0
Pensando      
Payments to Acquire Businesses, Net of Cash Acquired $ (1,544) $ 0 $ 0
pre-combination unvested restricted stock units assumed      
Non-cash investing and financing activities:      
Other Significant Noncash Transaction, Consideration Given 275 — —
Other Significant Noncash Transaction, Consideration Given 275 — —