Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Cash flows from operating activities:    
Net income $ 1,233 $ 1,265
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,789 192
Stock-based compensation 491 168
Amortization of operating lease right-of-use assets 40 25
Loss on debt redemption, repurchase and conversion 0 6
Loss on sale or disposal of property and equipment 15 19
Deferred income taxes (618) (145)
Equity Securities, FV-NI, Gain (Loss) 54 (8)
Other (4) (1)
Changes in operating assets and liabilities    
Accounts receivable, net (1,016) 46
Inventories (274) (366)
Receivables from related parties (1) 4
Prepaid expenses and other assets (237) (55)
Payables to related parties 277 (42)
Accounts payable 28 346
Accrued liabilities and other 71 90
Net cash provided by operating activities 2,033 1,850
Cash flows from investing activities:    
Purchases of property and equipment (203) (130)
Purchases of short-term investments (620) (1,130)
Proceeds from maturity of short-term investments 2,249 655
Cash Acquired from Acquisition 2,366 0
Payments to Acquire Businesses, Net of Cash Acquired (1,558) 0
Other (4) 2
Net cash provided by (used in) investing activities 2,230 (603)
Cash flows from financing activities:    
Proceeds from Lines of Credit 991 0
Proceeds from sales of common stock through employee equity plans 78 51
Payments for Repurchase of Common Stock (2,835) (256)
Common stock repurchases for tax withholding on employee equity plans (66) (14)
Proceeds from (Payments for) Other Financing Activities 2 0
Net cash used in financing activities (1,834) (219)
Net increase in cash and cash equivalents 2,429 1,028
Cash and cash equivalents at beginning of period 2,535 1,595
Cash and cash equivalents at end of period 4,964 2,623
Income Taxes Paid, Net 544 10
Non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid 149 41
Issuance of common stock to settle convertible debt 0 25
Transfer of assets for acquisition of property and equipment 13 37
Operating lease right-of-use assets acquired by assuming related liabilities 87 77
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 4,964  
Total cash and cash equivalents 4,964 2,623
Proceeds from (Payments for) Other Financing Activities 2 0
Depreciation and amortization 1,789 192
Common and Treasury Stock Issued    
Non-cash investing and financing activities:    
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 48,514 0
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 48,514 0
Pre-Combination Unvested Restricted Stock Units Assumed    
Non-cash investing and financing activities:    
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 275 0
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 275 0
Amortization of Inventory FV Adjustment    
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 185 0
Depreciation and amortization $ 185 $ 0