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, 2019
Dec. 29, 2018
Dec. 30, 2017
Statement of Cash Flows [Abstract]      
Cash and cash equivalents, beginning of period $ 3,019 $ 3,433 $ 5,560
Cash flows provided by (used for) operating activities:      
Net income 21,048 21,053 9,601
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 9,204 7,520 6,752
Share-based compensation 1,705 1,546 1,358
Amortization of intangibles 1,622 1,565 1,377
(Gains) losses on equity investments, net 892 (155) 2,583
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 690 497 387
Changes in assets and liabilities:      
Accounts receivable (935) (1,714) (781)
Inventories (1,481) (214) (1,300)
Accounts payable 696 211 191
Accrued compensation and benefits 91 (260) 311
Customer deposits and prepaid supply agreements (782) 1,367 1,105
Income taxes 885 (1,601) 6,778
Other assets and liabilities 2,674 301 (312)
Total adjustments 12,097 8,379 12,509
Net cash provided by operating activities 33,145 29,432 22,110
Cash flows provided by (used for) investing activities:      
Additions to property, plant and equipment (16,213) (15,181) (11,778)
Acquisitions, net of cash acquired (1,958) (190) (14,499)
Purchases of available-for-sale debt investments (2,268) (3,843) (2,746)
Sales of available-for-sale debt investments 238 195 1,833
Maturities of available-for-sale debt investments 3,988 2,968 3,687
Purchases of trading assets (9,162) (9,503) (13,700)
Maturities and sales of trading assets 7,178 12,111 13,970
Purchases of equity investments (522) (874) (1,619)
Proceeds from Equity Method Investment, Distribution, Return of Capital 2,688 2,802 5,236
Proceeds from Divestiture of Businesses 911 548 3,124
Other investing 715 (272) 730
Net cash used for investing activities (14,405) (11,239) (15,762)
Cash flows provided by (used for) financing activities:      
Issuance of long-term debt, net of issuance costs 3,392 423 7,716
Repayments of Long-term Debt (2,627) (3,026) (8,080)
Proceeds from sales of common stock through employee equity incentive plans 750 555 770
Repurchase of common stock (13,576) (10,730) (3,615)
Payment of dividends to stockholders (5,576) (5,541) (5,072)
Other financing 72 (288) (194)
Net cash provided by (used for) financing activities (17,565) (18,607) (8,475)
Net increase (decrease) in cash and cash equivalents 1,175 (414) (2,127)
Cash and cash equivalents, end of period 4,194 3,019 3,433
Supplemental disclosures:      
Acquisition of property, plant and equipment included in accounts payable and accrued liabilities 1,761 2,340 1,417
Interest, net of capitalized interest 469 448 624
Income taxes, net of refunds $ 2,110 $ 3,813 $ 3,824