Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Cash flows from operating activities:    
Net income (loss) [1],[2],[3],[4] $ 197 $ (75)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization [1],[4] 86 69
Stock-based compensation expense [1],[4] 65 47
Amortization of debt discount and issuance costs [1],[4] 20 18
Loss on debt redemption [1],[4] 1 7
Other [1],[4] (1) 1
Changes in operating assets and liabilities:    
Accounts receivable [1],[4] (664) (438)
Inventories [1],[4] (56) 33
Prepayment and other receivables - related parties [1],[4] 8 22
Prepaid expenses and other assets [1],[4] 41 (54)
Payables to related parties [1],[4] 63 (9)
Accounts payable, accrued liabilities and other [1],[4] 109 (2)
Net cash used in operating activities [1],[4] (131) (381)
Cash flows from investing activities:    
Purchases of property and equipment [1],[4] (89) (35)
Purchases of available-for-sale debt securities [1],[4] (35) (221)
Proceeds from maturity of available-for-sale debt securities [1],[4] 0 137
Other [1],[4] 0 (3)
Net cash used in investing activities [1],[4] (124) (122)
Cash flows from financing activities:    
Proceeds from (repayments of) short-term borrowings, net [1],[4] 0 42
Proceeds from issuance of common stock through employee equity incentive plans [1],[4] 35 10
Repayments of long-term debt [1],[4] (15) (42)
Other [1],[4] 0 (11)
Net cash provided by (used in) financing activities [1],[4] 20 (1)
Net decrease in cash, cash equivalents, and restricted cash [1],[4] (235) (504)
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] 956 762
Non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid [1],[4] 34 39
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] 948 [5] 760
Restricted cash included in Other current assets [1],[4] 5 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.