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
 6 Months Ended
Jul. 01, 2017
Jun. 25, 2016
Cash flows from operating activities:    
Net loss $ (89) $ (40)
Adjustments to reconcile net loss to net cash used in operating activities:    
Net gain on sale of equity interests in ATMP JV 0 (150)
Depreciation and amortization 69 66
Provision for deferred income taxes 0 11
Stock-based compensation expense 47 34
Non-cash interest expense 18 7
Loss on debt redemption 7 0
Other 1 (7)
Changes in operating assets and liabilities:    
Accounts receivable (303) (138)
Inventories (82) (66)
Prepayment and other receivables - related parties 22 21
Prepaid expenses and other assets (56) (117)
Payables to related parties (9) (1)
Accounts payable, accrued liabilities and other (6) 253
Net cash used in operating activities (381) (127)
Cash flows from investing activities:    
Net proceeds from sale of equity interests in ATMP JV 0 351
Purchases of property, plant and equipment (35) (47)
Purchases of available-for-sale securities (221) 0
Proceeds from maturity of available-for-sale securities 137 0
Other (3) (1)
Net cash provided by (used in) investing activities (122) 303
Cash flows from financing activities:    
Proceeds from issuance of common stock under stock-based compensation equity plans 10 2
Proceeds from (repayments of) borrowings, net 42 (4)
Repayments of long-term debt 42 0
Other (11) (2)
Net cash used in financing activities (1) (4)
Net increase (decrease) in cash and cash equivalents (504) 172
Cash and cash equivalents at beginning of period 1,264 785
Cash and cash equivalents at end of period 760 957
Non-cash investing and financing activities:    
Purchases of property, plant and equipment, accrued but not paid 39 0
Issuance of common stock to partially settle long-term debt $ 38 $ 0