v3.20.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 27, 2020
Jun. 29, 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 10,766 8,153
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,248 4,379
Share-based compensation 941 859
Amortization of intangibles 865 800
(Gains) losses on equity investments, net (92) (100)
Changes in assets and liabilities:    
Accounts receivable 224 490
Inventories (271) (1,443)
Accounts payable 208 431
Accrued compensation and benefits (919) (1,012)
Prepaid supply agreements (161) (444)
Income taxes 1,203 (15)
Other assets and liabilities (697) 448
Total adjustments 6,549 4,393
Net cash provided by operating activities 17,315 12,546
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (6,676) (6,875)
Purchases of available-for-sale debt investments (4,558) (1,721)
Maturities and sales of available-for-sale debt investments 1,303 2,031
Purchases of trading assets (11,429) (4,498)
Maturities and sales of trading assets 7,430 3,808
Sales of equity investments 186 1,331
Other investing (602) (86)
Net cash used for investing activities (14,346) (6,010)
Cash flows provided by (used for) financing activities:    
Increase (decrease) in short-term debt, net 0 996
Issuance of long-term debt, net of issuance costs 10,247 601
Repayment of debt and debt conversion (2,775) (1,033)
Proceeds from sales of common stock through employee equity incentive plans 512 305
Repurchase of common stock (4,229) (5,579)
Payment of dividends to stockholders (2,811) (2,828)
Other financing 629 850
Net cash provided by (used for) financing activities 1,573 (6,688)
Net increase (decrease) in cash and cash equivalents 4,542 (152)
Cash and cash equivalents, end of period 8,736 2,867
Supplemental disclosures of noncash investing activities and cash flow information:    
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities 2,836 2,678
Interest, net of capitalized interest 252 243
Income taxes, net of refunds $ 574 $ 1,112

Source