Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 25, 2016
Jun. 27, 2015
Cash flows from operating activities:    
Net Loss $ (40) $ (361)
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on sale of equity interests in ATMP JV (150) 0
Equity in income (loss) of ATMP JV (1) 0
Depreciation and amortization 66 91
Provision for deferred income taxes 11 0
Stock-based compensation expense 34 34
Non-cash interest expense 7 6
Restructuring and other special charges, net 0 72
Other (6) 3
Changes in operating assets and liabilities:    
Accounts receivable (138) 129
Inventories (66) (117)
Prepayment and other - GLOBALFOUNDRIES 21 94
Prepaid expenses and other assets (117) (73)
Payable to ATMP JV 150 0
Payable to GLOBALFOUNDRIES (151) (21)
Accounts payable, accrued liabilities and other 253 (86)
Net cash used in operating activities (127) (229)
Cash flows from investing activities:    
Proceeds from sale of equity interests in ATMP JV 351 0
Purchases of available-for-sale securities 0 (227)
Purchases of property, plant and equipment (47) (39)
Proceeds from maturities of available-for-sale securities 0 462
Other (1) 0
Net cash provided by investing activities 303 196
Cash flows from financing activities:    
Proceeds from issuance of common stock 2 1
Proceeds from (repayments of) borrowings, net (4) 100
Repayments of long-term debt and capital lease obligations 0 (44)
Other (2) 0
Net cash provided by (used in) financing activities (4) 57
Net increase in cash and cash equivalents 172 24
Cash and cash equivalents at beginning of period 785 805
Cash and cash equivalents at end of period $ 957 $ 829