Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 1,641 $ 854 $ 1,320
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 671 642 626
Amortization of operating lease right-of-use assets 2,393 2,811 3,548
Stock-based compensation 1,407 1,384 1,081
Amortization of operating lease right-of-use assets 113 98 88
Amortization of Inventory FV adjustment 0 3 189
Deferred income taxes (1,163) (1,019) (1,505)
Inventory loss at contract manufacturer 65 0 0
Other 12 (57) 64
Changes in operating assets and liabilities:      
Accounts receivable, net (1,865) (1,339) (278)
Inventories (1,458) (580) (1,401)
Prepaid expenses and other assets 343 (383) (2,010)
Receivables from and payable to related parties, net 108 (107) 366
Accounts payable (109) (419) 931
Accrued and other liabilities 883 (221) 546
Net cash provided by operating activities 3,041 1,667 3,565
Cash flows from investing activities:      
Purchases of property and equipment (636) (546) (450)
Purchases of short-term investments (1,493) (3,722) (2,667)
Proceeds from Maturities, Prepayments and Calls of Short-Term Investments 1,416 2,687 4,310
Proceeds from Sale of Short-Term Investments 616 300 0
Cash Acquired from Acquisition     2,366
Acquisitions, net of cash acquired, all others (548) (131) (1,544)
Payments to Acquire Interest in Subsidiaries and Affiliates (17) 0 0
Origination of Notes Receivable from Related Parties (100) 0 0
Payments to Acquire Other Investments (341) (11) (5)
Other 2 0 (11)
Net cash provided by (used in) investing activities (1,101) (1,423) 1,999
Cash flows from financing activities:      
Proceeds from debt, net of issuance costs 0 0 991
Repayment of debt (750) 0 (312)
Proceeds from sales of common stock through employee equity plans 279 268 167
Repurchases of common stock (862) (985) (3,702)
Stock repurchases for tax withholding on employee equity plans (728) (427) (406)
Other (1) (2) (2)
Net cash used in financing activities (2,062) (1,146) (3,264)
Net increase (decrease) in cash, cash equivalents and restricted cash (122) (902) 2,300
Cash, cash equivalents and restricted cash at beginning of year 3,933 4,835 2,535
Cash, cash equivalents and restricted cash at end of year 3,811 3,933 4,835
Cash paid during the year for:      
Interest 72 84 85
Income taxes, net of refund 1,386 523 685
Non-cash investing and financing activities:      
Purchases of property and equipment, accrued but not paid 144 106 157
Stock Issued 0 0 48,514
Other Significant Noncash Transaction, Value of Consideration Given 0 0 275
Non-cash activities for leases:      
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 102 273 115
Reconciliation of cash, cash equivalents, and restricted cash      
Cash and cash equivalents 3,787 3,933 4,835
Restricted cash included in Prepaid expense and other current assets 24 0 0
Total cash, cash equivalents, and restricted cash $ 3,811 $ 3,933 $ 4,835