Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Cash flows from operating activities:    
Net income $ 1,299 $ 2,188
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,954 289
Stock-based compensation 766 267
Amortization of operating lease right-of-use assets 63 40
Loss on debt redemption, repurchase and conversion 0 7
Loss on sale or disposal of property and equipment 15 19
Deferred income taxes (1,328) (201)
Equity Securities, FV-NI, Gain (Loss) 57 52
Other (9) (2)
Changes in operating assets and liabilities    
Accounts receivable, net (1,301) (158)
Inventories (997) (504)
Receivables from related parties (1) 5
Prepaid expenses and other assets (825) (284)
Payables to related parties 313 (42)
Accounts payable 811 526
Accrued liabilities and other 994 199
Net cash provided by operating activities 2,998 2,699
Cash flows from investing activities:    
Purchases of property and equipment (326) (215)
Purchases of short-term investments (2,399) (1,901)
Proceeds from maturity of short-term investments 2,864 1,428
Cash Acquired from Acquisition 2,366 0
Payments to Acquire Businesses, Net of Cash Acquired (1,558) 0
Other (15) 2
Net cash provided by (used in) investing activities 932 (686)
Cash flows from financing activities:    
Proceeds from Lines of Credit 991 0
Repayments of Short-term Debt (312) 0
Proceeds from sales of common stock through employee equity plans 79 55
Payments for Repurchase of Common Stock (3,452) (1,004)
Common stock repurchases for tax withholding on employee equity plans (371) (219)
Proceeds from (Payments for) Other Financing Activities 2 0
Net cash used in financing activities (3,067) (1,168)
Net increase in cash and cash equivalents 863 845
Cash and cash equivalents at beginning of period 2,535 1,595
Cash and cash equivalents at end of period 3,398 2,440
Income Taxes Paid, Net 584 23
Non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid 122 74
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 119 128
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 3,398  
Total cash and cash equivalents 3,398 2,440
Proceeds from (Payments for) Other Financing Activities 2 0
Depreciation and amortization 2,954 289
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 187 0
Depreciation and amortization $ 187 $ 0