Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Cash flows from operating activities:    
Net income (loss) [1],[2],[3],[4] $ 81 $ (33)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization [1],[4] 44 34
Stock-based compensation expense [1],[4] 32 23
Amortization of debt discount and issuance costs [1],[4] 10 9
Loss on debt redemption [1],[4] 1 4
Other [1],[4] 1 5
Changes in operating assets and liabilities:    
Accounts receivable [1],[4] (284) (395)
Inventories [1],[4] (21) 76
Prepayment and other receivables - related parties [1],[4] 15 1
Prepaid expenses and other assets [1],[4] 34 (29)
Payables to related parties [1],[4] (38) (54)
Accounts payable, accrued liabilities and other [1],[4] 39 60
Net cash used in operating activities [1],[4] (86) (299)
Cash flows from investing activities:    
Purchases of property, plant and equipment [1],[4] (46) (23)
Purchases of available-for-sale securities [1],[4] 0 (221)
Other [1],[4] 0 (2)
Net cash used in investing activities [1],[4] (46) (246)
Cash flows from financing activities:    
Proceeds from issuance of common stock under stock-based compensation equity plans [1],[4] 6 8
Repayments of long-term debt [1],[4] (14) 0
Other [1],[4] 0 (5)
Net cash provided by (used in) financing activities [1],[4] (8) 3
Net decrease in cash, cash equivalents, and restricted cash [1],[4] (140) (542)
Cash, cash equivalents, and restricted cash at beginning of period [1],[4] 1,191 1,266
Cash, cash equivalents, and restricted cash at end of period [1],[4] 1,051 724
Non-cash investing and financing activities:    
Purchases of property, plant and equipment, accrued but not paid [1],[4] 47 11
Issuance of common stock to partially settle long-term debt [1],[4] 0 38
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents [1],[4] 1,045 [5] 722
Restricted cash included in Other current assets [1],[4] 3 2
Restricted cash included in Other assets [1],[4] 3 0
Total cash, cash equivalents and restricted cash [1],[4] $ 1,191 $ 1,266
[1] Amounts reflected adoption of ASU 2016-18, Statement of Cash Flows, Restricted Cash (Topic 230) beginning in the first quarter of 2018.
[2] Prior year amounts adjusted to reflect the retrospective application of ASU 2014-09, Revenue from Contracts with Customers. Refer to Note 1.
[3] Prior year amounts adjusted to reflect the retrospective application of ASU 2014-09, Revenue from Contracts with Customers. Refer to Note 1.
[4] Prior year amounts adjusted to reflect the retrospective application of ASU 2014-09, Revenue from Contracts with Customers. Refer to Note 1.
[5] Prior year amounts adjusted to reflect the retrospective application of ASU 2014-09, Revenue from Contracts with Customers. Refer to Note 1.