Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Cash flows from operating activities:    
Net loss $ (361) $ (56)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 91 106
Deferred Income Taxes 0 1
Stock-based compensation expense 34 44
Non-cash interest expense 6 9
Loss on debt redemptions 0 64
Restructuring and other special charges, net 72 0
Other 1 (5)
Changes in operating assets and liabilities:    
Accounts receivable 129 (40)
Inventories (117) (76)
Prepayments to GLOBALFOUNDRIES 94 (67)
Prepaid expenses and other assets (73) (17)
Accounts payable, accrued liabilities and other (86) (126)
Payable to GLOBALFOUNDRIES (21) (69)
Net cash used in operating activities (231) (232)
Cash flows from investing activities:    
Purchases of available-for-sale securities (227) (618)
Purchases of property, plant and equipment (39) (44)
Proceeds from maturities of available-for-sale securities 462 488
Net cash provided by (used in) investing activities 196 (174)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1 2
Proceeds from borrowings, net 100 1,080
Net proceeds from grants 4 2
Repayments of long-term debt and capital lease obligations (44) (1,042)
Other (2) (2)
Net cash provided by financing activities 59 40
Net increase (decrease) in cash and cash equivalents 24 (366)
Cash and cash equivalents at beginning of period 805 869
Cash and cash equivalents at end of period $ 829 $ 503