Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 26, 2016
Mar. 28, 2015
Cash flows from operating activities:    
Net Loss $ (109) $ (180)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 33 46
Stock-based compensation expense 16 17
Non-cash interest expense 4 3
Restructuring and other special charges, net 0 71
Other (5) 0
Changes in operating assets and liabilities:    
Accounts receivable 26 46
Inventories 3 (6)
Prepayment and other - GLOBALFOUNDRIES 7 68
Prepaid expenses and other assets 22 (16)
Accounts payable, accrued liabilities and other (27) (124)
Payable to GLOBALFOUNDRIES (12) (97)
Net cash used in operating activities (42) (172)
Cash flows from investing activities:    
Purchases of available-for-sale securities 0 (223)
Purchases of property, plant and equipment (26) (22)
Proceeds from maturities of available-for-sale securities 0 230
Net cash used in investing activities (26) (15)
Cash flows from financing activities:    
Proceeds from borrowings, net 0 58
Repayments of long-term debt and capital lease obligations 0 (1)
Other (1) 2
Net cash provided by (used in) financing activities (1) 59
Net decrease in cash and cash equivalents (69) (128)
Cash and cash equivalents at beginning of period 785 805
Cash and cash equivalents at end of period $ 716 $ 677