Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Cash Flows

v3.20.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Statement of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 4,194 $ 3,019
Cash flows provided by (used for) operating activities:    
Net income 5,661 3,974
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 2,623 2,229
Share-based compensation 449 389
Amortization of intangibles 427 396
(Gains) losses on equity investments, net 134 (274)
Changes in assets and liabilities:    
Accounts receivable (796) (235)
Inventories (548) (512)
Accounts payable 117 196
Accrued compensation and benefits (1,500) (1,620)
Prepaid supply agreements (87) (228)
Income taxes 753 440
Other assets and liabilities (1,075) 204
Total adjustments 497 985
Net cash provided by operating activities 6,158 4,959
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (3,268) (3,321)
Purchases of available-for-sale debt investments (513) (872)
Maturities and sales of available-for-sale debt investments 625 948
Purchases of trading assets (3,897) (1,869)
Maturities and sales of trading assets 3,660 1,554
Sales of equity investments 20 1,077
Other investing (363) (239)
Net cash used for investing activities (3,736) (2,722)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net 0 1,682
Issuance of long-term debt, net of issuance costs 10,247 135
Repayment of debt and debt conversion (1,075) (861)
Proceeds from sales of common stock through employee equity incentive plans 503 290
Repurchase of common stock (4,229) (2,530)
Payment of dividends to stockholders (1,408) (1,414)
Other financing 726 596
Net cash provided by (used for) financing activities 4,764 (2,102)
Net increase (decrease) in cash and cash equivalents 7,186 135
Cash and cash equivalents, end of period 11,380 3,154
Supplemental disclosures of noncash investing activities and cash flow information:    
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities 2,294 2,259
Interest, net of capitalized interest 67 109
Income taxes, net of refunds $ 211 $ 125