Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Cash flows from operating activities:    
Net loss $ (558) $ (39)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 133 155
Stock-based compensation expense 47 65
Non-cash interest expense 8 11
Loss on debt redemptions 0 64
Restructuring and other special charges, net 83 0
Other 7 (9)
Changes in operating assets and liabilities:    
Accounts receivable 164 (144)
Inventories (93) (14)
Prepayments to GLOBALFOUNDRIES 97 0
Prepaid expenses and other assets (113) (156)
Accounts payable, accrued liabilities and other (74) (100)
Payable to GLOBALFOUNDRIES 9 (47)
Net cash used in operating activities (290) (214)
Cash flows from investing activities:    
Purchases of available-for-sale securities (227) (646)
Purchases of property, plant and equipment (64) (73)
Proceeds from maturities of available-for-sale securities 462 664
Proceeds from sale of property, plant, and equipment 8 0
Net cash provided by (used in) investing activities 179 (55)
Cash flows from financing activities:    
Proceeds from issuance of common stock 1 4
Proceeds from borrowings, net 100 1,080
Net proceeds from grants 8 5
Repayments of long-term debt and capital lease obligations (44) (1,043)
Other (4) (6)
Net cash provided by financing activities 61 40
Net decrease in cash and cash equivalents (50) (229)
Cash and cash equivalents at beginning of period 805 869
Cash and cash equivalents at end of period $ 755 $ 640