Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Cash flows from operating activities:    
Net income (loss) $ (139) $ 786
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 982 609
Stock-based compensation 309 199
Amortization of operating lease right-of-use assets 24 19
Loss on sale or disposal of property and equipment 6 15
Deferred income taxes (308) 342
Equity Securities, FV-NI, Gain (Loss) (1) (44)
Other (2) (2)
Changes in operating assets and liabilities    
Accounts receivable, net 86 (672)
Inventories (464) (26)
Receivables from related parties 0 (1)
Prepaid expenses and other assets (191) (260)
Payables to related parties (109) 121
Accounts payable 73 4
Accrued and other liabilities 218 412
Net cash provided by operating activities 486 995
Cash flows from investing activities:    
Purchases of property and equipment (158) (71)
Purchases of short-term investments (1,703) (100)
Proceeds from maturity of short-term investments 473 963
Proceeds from Sale of Short-term Investments 145 1
Cash Acquired from Acquisition 0 2,366
Other 6 (1)
Net cash provided by (used in) investing activities (1,237) 3,158
Cash flows from financing activities:    
Proceeds from sales of common stock through employee equity plans 3 2
Payments for Repurchase of Common Stock (241) (1,914)
Common stock repurchases for tax withholding on employee equity plans (21) (35)
Proceeds from (Payments for) Other Financing Activities 0 (1)
Net cash used in financing activities (259) (1,948)
Net increase (decrease) in cash and cash equivalents (1,010) 2,205
Cash and cash equivalents at beginning of period 4,835 2,535
Cash and cash equivalents at end of period 3,825 4,740
Non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid 69 67
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 3,825  
Total cash and cash equivalents 3,825 4,740
Proceeds from (Payments for) Other Financing Activities 0 (1)
Depreciation and amortization 982 609
Common and Treasury Stock Issued    
Non-cash investing and financing activities:    
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 0 48,514
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 0 48,514
Pre-Combination Unvested Restricted Stock Units Assumed    
Non-cash investing and financing activities:    
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 0 275
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable 0 275
Amortization of Inventory FV Adjustment    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 2 89
Depreciation and amortization $ 2 $ 89