Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Cash flows from operating activities:    
Net income (loss) $ (112) $ 1,233
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,831 1,789
Stock-based compensation 657 491
Amortization of operating lease right-of-use assets 48 40
Loss on sale or disposal of property and equipment 7 15
Deferred income taxes (582) 618
Equity Securities, FV-NI, Gain (Loss) 2 (54)
Other (20) (4)
Changes in operating assets and liabilities    
Accounts receivable, net (186) (1,016)
Inventories (796) (274)
Receivables from related parties 0 (1)
Prepaid expenses and other assets (237) (237)
Payables to related parties (150) 277
Accounts payable 309 28
Accrued and other liabilities 91 71
Net cash provided by operating activities 865 2,033
Cash flows from investing activities:    
Purchases of property and equipment (283) (203)
Purchases of short-term investments (2,816) (620)
Proceeds from maturity of short-term investments 1,171 2,248
Payments to Acquire Businesses, Net of Cash Acquired 0 (1,558)
Other 5 (4)
Net cash provided by (used in) investing activities (1,675) 2,230
Cash flows from financing activities:    
Proceeds from sales of common stock through employee equity plans 144 78
Payments for Repurchase of Common Stock (241) (2,835)
Common stock repurchases for tax withholding on employee equity plans (87) (66)
Proceeds from (Payments for) Other Financing Activities 0 (2)
Net cash used in financing activities (184) (1,834)
Net increase (decrease) in cash and cash equivalents (994) 2,429
Cash and cash equivalents at beginning of period 4,835 2,535
Cash and cash equivalents at end of period 3,841 4,964
Income Taxes Paid, Net 46 544
Non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid 99 149
Operating lease right-of-use assets acquired by assuming related liabilities 50 87
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 3,841  
Total cash and cash equivalents 3,841 4,964
Proceeds from (Payments for) Other Financing Activities 0 (2)
Depreciation and amortization 1,831 1,789
Proceeds from Issuance of Unsecured Debt 0 991
Proceeds from Issuance of Unsecured Debt 0 991
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 3 185
Depreciation and amortization $ 3 $ 185