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. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) [1],[2],[3] $ 337 $ (33) $ (498)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Net gain on sale of equity interests in ATMP JV [1] 0 (3) (146)
Net loss on disposal of property, plant and equipment [1] (27) 0 (1)
Impairment of technology licenses [1] 45 0 0
Depreciation and amortization [1] 170 144 133
Deferred income taxes [1] (4) 0 11
Stock-based compensation expense [1] 137 97 86
Amortization of debt discount and issuance costs [1] 38 36 21
Loss on debt redemption [1] 12 12 68
Fair value of warrant issued related to sixth amendment to the WSA [1] 0 0 240
Other [1] (1) 3 (7)
Changes in operating assets and liabilities:      
Accounts receivable [1] (806) (103) 178
Inventories [1] (151) (3) (48)
Prepayment and receivables - related parties [1] (19) (1) 1
Prepaid expenses and other assets [1] (79) (172) (163)
Payables to related parties [1] 121 29 138
Accounts payable, accrued liabilities and other [1] 207 6 66
Net cash provided by operating activities [1] 34 12 81
Cash flows from investing activities:      
Net proceeds from sale of equity interests in ATMP JV [1] 0 1 342
Purchases of available-for-sale debt securities [1] (123) (222) 0
Purchases of property and equipment [1] (163) (113) (77)
Proceeds from maturity of available-for-sale debt securities [1] 45 222 0
Cash receipts on sold receivables [1] 71 60 10
Other [1] 0 (2) 2
Net cash provided by (used in) investing activities [1] (170) (54) 277
Cash flows from financing activities:      
Proceeds from issuance of common stock, net of issuance costs [1] 0 0 667
Proceeds from issuance of convertible senior notes, net of issuance costs [1] 0 0 782
Proceeds from issuance of common stock through employee equity incentive plans [1] 70 20 20
Proceeds from (repayments of) short-term borrowings, net [1] 0 70 (230)
Repayments of long-term debt [1] (41) (110) (1,113)
Other [1] (1) (13) (4)
Net cash provided by (used in) financing activities [1] 28 (33) 122
Net increase (decrease) in cash and Cash Equivalents, and Restricted Cash [1] (108) (75) 480
Cash, cash equivalents, and restricted Cash at the beginning of year [1] 1,191 1,266 786
Cash, cash equivalents, and restricted Cash at end of year [1] 1,083 1,191 1,266
Cash paid during the year for:      
Interest [1] 79 88 149
Income taxes, net of refund [1] (8) 20 20
Non-cash investing and financing activities:      
Purchases of property and equipment, accrued but not paid [1] 49 50 0
Issuance of treasury stock to partially settle debt [1] 141 38 8
Deferred cash on sold receivables [1] 25 21 15
Non-cash acquisition of property and equipment [1] 28 12 0
Reconciliation of Cash, Cash Equivalents and Restricted Cash [Abstract]      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [1] $ 1,191 $ 1,266 $ 786
[1] Prior year amounts adjusted to reflect the retrospective application of ASU 2014-09, Revenue from Contracts with Customers, ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments and ASU 2016-18, Statement of Cash Flows: Restricted Cash. Refer to Note 2.
[2] Prior year amounts adjusted to reflect the retrospective application of ASU 2014-09, Revenue from Contracts with Customers. Refer to Note 2.
[3] The cumulative-effect adjustment to Accumulated deficit related to the adoption of ASU No. 2014-09, Revenue from Contracts with Customers as of December 26, 2015 was $62 million. Refer to Note 2.