Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows

v3.23.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Statement of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 11,144 $ 4,827
Cash flows provided by (used for) operating activities:    
Net income (loss) (2,768) 8,113
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,901 2,847
Share-based compensation 739 707
Restructuring and other charges 55 17
Amortization of intangibles 465 501
(Gains) losses on equity investments, net (167) (4,325)
(Gains) losses on divestitures 0 (1,121)
Changes in assets and liabilities:    
Accounts receivable 286 2,384
Inventories 231 (1,147)
Accounts payable (771) (128)
Accrued compensation and benefits (1,560) (1,884)
Income taxes 1,344 1,219
Other assets and liabilities (1,540) (1,292)
Total adjustments 983 (2,222)
Net cash provided by operating activities (1,785) 5,891
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (7,413) (4,604)
Purchases of short-term investments (16,132) (19,091)
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale 14,173 10,490
Sales of equity investments 116 4,682
Proceeds from divestiture 0 6,544
Other investing 735 (660)
Net cash used for investing activities (8,521) (2,639)
Cash flows provided by (used for) financing activities:    
Repayment of commercial paper (2,930) 0
Payments on finance leases (15) (299)
Partner contributions 449 0
Issuance of long-term debt, net of issuance costs 10,968 0
Proceeds from sales of common stock through employee equity incentive plans 659 589
Payment of dividends to stockholders (1,512) (1,487)
Other financing (225) (667)
Net cash provided by (used for) financing activities 7,394 (1,864)
Net increase (decrease) in cash and cash equivalents (2,912) 1,388
Cash and cash equivalents, end of period 8,232 6,215
Supplemental disclosures:    
Acquisition of property, plant and equipment included in accounts payable and accrued liabilities 4,711 2,949
Interest, net of capitalized interest 313 177
Income taxes, net of refunds $ 267 $ 335