Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Cash flows from operating activities:    
Net income $ 171 $ 299
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 158 127
Stock-based compensation 140 101
Amortization of debt discount and issuance costs 25 29
Amortization of operating lease right-of-use assets 27 0
Loss on debt redemption, repurchase and conversion 48 7
Loss on sale/disposal of property and equipment 34 0
Other (13) 2
Changes in operating assets and liabilities:    
Accounts receivable (158) (803)
Inventories (195) (44)
Prepayments and receivables - related parties 17 (37)
Prepaid expenses and other assets (32) (9)
Payables to related parties 8 40
Accounts payable, accrued liabilities and other (179) 202
Net cash provided by (used in) operating activities 51 (86)
Cash flows from investing activities:    
Purchases of property and equipment (175) (122)
Purchases of available-for-sale debt securities (284) (45)
Proceeds from maturity of available-for-sale debt securities 309 35
Collection of deferred proceeds on sale of receivables 25 50
Other 2 0
Net cash used in investing activities (123) (82)
Cash flows from financing activities:    
Repayments of short-term debt (70) 0
Proceeds from warrant exercise by related party 449 0
Proceeds from issuance of common stock through employee equity incentive plans 38 44
Payments to extinguish long-term debt (261) (15)
Other (6) (1)
Net cash provided by financing activities 150 28
Net increase (decrease) in cash, cash equivalents, and restricted cash 78 (140)
Cash, cash equivalents, and restricted cash at beginning of period 1,083 1,191
Cash, cash equivalents, and restricted cash at end of period 1,161 1,051
Non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid 120 46
Issuance of common stock to partially settle convertible debt, net 108 0
Issuance of treasury stock to partially settle debt 7 103
Deferred proceeds on sale of receivables 0 21
Other 9 9
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 1,156 1,046
Restricted cash included in Prepaid expenses and other current assets 5 5
Total cash, cash equivalents, and restricted cash $ 1,083 $ 1,191