Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Apr. 01, 2017
Mar. 26, 2016
Cash flows from operating activities:    
Net loss $ (73) $ (109)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 34 33
Stock-based compensation expense 23 16
Non-cash interest expense 9 4
Loss on debt redemption 4 0
Other 5 (5)
Changes in operating assets and liabilities:    
Accounts receivable (183) 26
Inventories (88) 3
Prepayment and other receivables - related parties 1 7
Prepaid expenses and other assets (30) 22
Payables to related parties (54) (12)
Accounts payable, accrued liabilities and other 53 (27)
Net cash used in operating activities (299) (42)
Cash flows from investing activities:    
Purchases of property, plant and equipment (23) (26)
Purchases of available-for-sale securities (221) 0
Other (2) 0
Net cash used in investing activities (246) (26)
Cash flows from financing activities:    
Proceeds from issuance of common stock under stock-based compensation equity plans 8 0
Other (5) (1)
Net cash provided by (used in) financing activities 3 (1)
Net decrease in cash and cash equivalents (542) (69)
Cash and cash equivalents at beginning of period 1,264 785
Cash and cash equivalents at end of period 722 716
Non-cash investing and financing activities:    
Purchases of property, plant and equipment, accrued but not paid 11 0
Issuance of common stock to partially settle long-term debt $ 38 $ 0