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. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
Cash flows from operating activities:      
Net income $ 854 $ 1,320 $ 3,162
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,453 4,174 407
Stock-based compensation 1,384 1,081 379
Amortization of operating lease right-of-use assets 98 88 56
Amortization of Inventory FV adjustment 3 189 0
Loss on debt redemption, repurchase and conversion 0 0 7
Loss on sale or disposal of property and equipment 11 16 34
Deferred income taxes (1,019) 1,505 308
Increase (Decrease) in Equity Securities, FV-NI (1) 62 (56)
Other (67) (14) (2)
Changes in operating assets and liabilities:      
Accounts receivable, net (1,250) (1,091) (640)
Inventories (580) (1,401) (556)
Receivables from related parties (7) 13 (8)
Prepaid expenses and other assets (472) (1,197) (920)
Payables to related parties (100) 379 7
Accounts payable (419) 931 801
Accrued and other liabilities (221) 546 526
Net cash provided by operating activities 1,667 3,565 3,521
Cash flows from investing activities:      
Proceeds from Sale of Short-Term Investments 300 0 0
Proceeds from Maturities, Prepayments and Calls of Short-Term Investments 2,687 4,310 1,678
Purchases of property and equipment (546) (450) (301)
Purchases of short-term investments (3,722) (2,667) (2,056)
Acquisitions, net of cash acquired, all others 131 1,544 0
Other (11) (16) (7)
Net cash provided by (used in) investing activities 1,423 (1,999) (686)
Cash flows from financing activities:      
Proceeds from debt, net of issuance costs 0 991 0
Repayment of debt 0 (312) 0
Proceeds from sales of common stock through employee equity plans 268 167 104
Repurchases of common stock (985) (3,702) (1,762)
Common stock repurchases for tax withholding on employee equity plans (427) (406) (237)
Other 2 2 0
Net cash used in financing activities 1,146 3,264 (1,895)
Net increase (decrease) in cash and cash equivalents (902) 2,300 940
Cash and cash equivalents at beginning of year 4,835 2,535 1,595
Cash and cash equivalents at end of year 3,933 4,835 2,535
Cash paid during the year for:      
Interest 84 85 25
Income taxes, net of refund 523 685 35
Non-cash investing and financing activities:      
Purchases of property and equipment, accrued but not paid 106 157 72
Non-cash activities for leases:      
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 273 115 227
Reconciliation of cash, cash equivalents, and restricted cash      
Cash and cash equivalents 3,933 4,835  
Total cash, cash equivalents, and restricted cash $ 3,933 $ 4,835 $ 2,535