Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities:    
Net income (loss) $ 123 $ (139)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock-based compensation 371 309
Inventory Write-down 65 0
Amortization of operating lease right-of-use assets 26 24
Other (22) (5)
Changes in operating assets and liabilities    
Accounts receivable, net 338 (86)
Inventories (368) 464
Prepaid expenses and other assets (322) 191
Receivables from and payables to related parties, net 53 (109)
Accounts payable (636) 73
Accrued and other liabilities 175 218
Net Cash Provided by (Used in) Operating Activities, Total 521 486
Net cash provided by operating activities    
Purchases of property and equipment (142) (158)
Purchases of short-term investments (433) (1,703)
Proceeds from maturity of short-term investments 441 473
Proceeds from sale of short-term investments 2 145
Payments to Acquire Businesses, Net of Cash Acquired [Abstract]    
Other (3) (6)
Net Cash Provided by (Used in) Investing Activities, Total (135) (1,237)
Net cash used in financing activities    
Proceeds from sales of common stock through employee equity plans 5 3
Payments for Repurchase of Common Stock (4) (241)
Payment, Tax Withholding, Share-Based Payment Arrangement (129) (21)
Proceeds from (Payments for) Other Financing Activities 1 0
Net Cash Provided by (Used in) Financing Activities, Total (129) (259)
Net increase (decrease) in cash and cash equivalents 257 (1,010)
Cash and cash equivalents at beginning of period 3,933 4,835
Cash and cash equivalents at end of period 4,190 3,825
Income Taxes Paid, Net 87 21
Proceeds from (Payments for) Other Financing Activities 1 0
Non-cash investing and financing activities:    
Purchases of property and equipment, accrued but not paid 102 69
Liabilities Assumed, RSU Tax Withholding [Abstract] 42 0
Operating lease right-of-use assets acquired by assuming related liabilities 25 0
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 4,190  
Total cash and cash equivalents 4,190 3,825
Depreciation and amortization 784 982
Deferred income taxes $ (66) $ (308)