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
 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) [1],[2],[3],[4] $ 299 $ (14)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization [1],[4] 127 105
Provision for deferred income taxes [1],[4] 0 3
Stock-based compensation expense [1],[4] 101 76
Amortization of debt discount and issuance costs [1],[4] 29 27
Loss on debt redemption [1],[4] 7 9
Other [1],[4] 2 4
Changes in operating assets and liabilities:    
Accounts receivable [1],[4] (753) (527)
Inventories [1],[4] (44) 5
Prepayment and receivables - related parties [1],[4] (20) 6
Prepaid expenses and other assets [1],[4] (26) (78)
Payables to related parties [1],[4] 121 61
Accounts payable, accrued liabilities and other [1],[4] 121 11
Net cash used in operating activities [1],[4] (36) (312)
Cash flows from investing activities:    
Purchases of property and equipment [1],[4] (122) (69)
Purchases of available-for-sale debt securities [1],[4] (45) (221)
Proceeds from maturity of available-for-sale debt securities [1],[4] 35 221
Other [1],[4] 0 (2)
Net cash used in investing activities [1],[4] (132) (71)
Cash flows from financing activities:    
Proceeds from (repayments of) short-term borrowings, net [1],[4] 0 70
Proceeds from issuance of common stock through employee equity incentive plans [1],[4] 44 15
Repayments of long-term debt [1],[4] (15) (70)
Other [1],[4] (1) (14)
Net cash provided by financing activities [1],[4] 28 1
Net decrease in cash, cash equivalents, and restricted cash [1],[4] (140) (382)
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] 1,051 884
Non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid [1],[4] 46 53
Issuance of treasury stock to partially settle debt [1],[4] 103 38
Non-cash additions of property, plant and equipment [1],[4] 9 8
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents [1],[4] 1,046 [5] 879
Restricted cash included in Other current assets [1],[4] 5 2
Restricted cash included in Other assets [1],[4] 0 3
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.