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. 30, 2017
Dec. 31, 2016
Dec. 26, 2015
Statement of Cash Flows [Abstract]      
Cash and cash equivalents, beginning of period $ 5,560 $ 15,308 $ 2,561
Cash flows provided by (used for) operating activities:      
Net income 9,601 10,316 11,420
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 6,752 6,266 7,821
Share-based compensation 1,358 1,444 1,305
Restructuring and other charges 384 1,886 354
Amortization of intangibles 1,377 1,524 890
Gain (Loss) on Sale of Equity Investments 2,583 432 263
Gain (Loss) on Extinguishment of Debt 476 0 0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 387 0 0
Deferred taxes 1,548 257 (1,270)
Changes in assets and liabilities:1      
Accounts receivable (781) 65 (355)
Inventories (1,300) 119 (764)
Accounts payable 191 182 (312)
Accrued compensation and benefits (73) (1,595) (711)
Income taxes payable and receivable 5,230 1,382 386
Other assets and liabilities 317 394 517
Total adjustments 12,509 11,492 7,598
Net cash provided by operating activities 22,110 21,808 19,018
Cash flows provided by (used for) investing activities:      
Additions to property, plant and equipment (11,778) (9,625) (7,326)
Acquisitions, net of cash acquired (14,499) (15,470) (913)
Purchases of available-for-sale investments (2,764) (9,269) (8,259)
Sales of available-for-sale investments 6,978 3,852 2,090
Maturities of available-for-sale investments 3,687 5,654 6,168
Purchases of trading assets (13,700) (12,237) (11,485)
Maturities and sales of trading assets 13,975 10,907 13,372
Investments in non-marketable equity investments (1,601) (963) (2,011)
Proceeds from Divestiture of Businesses 3,124 0 0
Other investing 816 1,334 181
Net cash used for investing activities (15,762) (25,817) (8,183)
Cash flows provided by (used for) financing activities:      
Issuance of long-term debt, net of issuance costs 7,716 2,734 9,476
Repayments of Long-term Debt (8,080) (1,500) 0
Proceeds from sales of common stock through employee equity incentive plans 770 1,108 866
Repurchase of common stock (3,615) (2,587) (3,001)
Payment of dividends to stockholders (5,072) (4,925) (4,556)
Other financing (194) (569) (873)
Net cash provided by (used for) financing activities (8,475) (5,739) 1,912
Net increase (decrease) in cash and cash equivalents (2,127) (9,748) 12,747
Cash and cash equivalents, end of period 3,433 5,560 15,308
Supplemental disclosures:      
Acquisitions of property, plant, and equipment included in accounts payable and accrued liabilities 1,417 979 392
Transfer to Investments 1,078 0 0
Interest, net of capitalized interest and interest rate swap payments/receipts 624 682 186
Income taxes, net of refunds $ 3,824 $ 877 $ 3,439