Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Cash flows from operating activities:    
Net income $ 2,188 $ 709
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 289 222
Stock-based compensation 267 195
Amortization of debt discount and issuance costs 4 12
Amortization of operating lease right-of-use assets 40 31
Loss on debt conversion 7 38
Loss on sale or disposal of property and equipment 19 28
Deferred income taxes 201 1
Equity Securities, FV-NI, Gain (Loss) 52 1
Other (6) 12
Changes in operating assets and liabilities:    
Accounts receivable, net (158) (287)
Inventories (504) (310)
Receivables from related parties 5 16
Prepaid expenses and other assets (284) (172)
Payables to related parties (42) (98)
Accounts payable 526 (232)
Accrued and other liabilities 199 353
Net cash provided by operating activities 2,699 517
Cash flows from investing activities:    
Purchases of property and equipment (215) (220)
Purchases of short-term investments (1,901) (530)
Proceeds from maturity of short-term investments 1,428 92
Other 2 0
Net cash used in investing activities (686) (658)
Cash flows from financing activities:    
Proceeds from Lines of Credit 0 200
Repayments of Short-term Debt 0 (200)
Proceeds from sales of common stock through employee equity plans 55 45
Payments for Repurchase of Common Stock (1,004) 0
Common stock repurchases for tax withholding on employee equity plans (219) (73)
Proceeds from (Payments for) Other Financing Activities 0 (1)
Net cash used in financing activities (1,168) (29)
Net increase (decrease) in cash, cash equivalents, and restricted cash 845 (170)
Cash, cash equivalents, and restricted cash at beginning of period 1,595 1,470
Cash, cash equivalents, and restricted cash at end of period 2,440 1,300
Non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid 74 36
Issuance of common stock to settle convertible debt 25 156
Transfer of assets for acquisition of property and equipment 37 57
Operating lease right-of-use assets acquired by assuming related liabilities 128 40
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 2,440 1,296
Restricted cash included in Prepaid expenses and other current assets 0 4
Total cash, cash equivalents, and restricted cash 2,440 1,300
Proceeds from (Payments for) Other Financing Activities $ 0 $ (1)