v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 26, 2020
Dec. 28, 2019
Dec. 29, 2018
Statement of Cash Flows [Abstract]      
Cash and cash equivalents, beginning of period $ 4,194 $ 3,019 $ 3,433
Cash flows provided by (used for) operating activities:      
Net income 20,899 21,048 21,053
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 10,482 9,204 7,520
Share-based compensation 1,854 1,705 1,546
Amortization of intangibles 1,757 1,622 1,565
(Gains) losses on equity investments, net (1,757) (892) 155
(Gains) losses on divestitures (30) (690) (497)
Changes in assets and liabilities:      
Accounts receivable 883 (935) (1,714)
Inventories (687) (1,481) (214)
Accounts payable 412 696 211
Accrued compensation and benefits 463 91 (260)
Customer deposits and prepaid supply agreements (181) (782) 1,367
Income taxes 1,620 885 (1,601)
Other assets and liabilities (331) 2,674 301
Total adjustments 14,485 12,097 8,379
Net cash provided by operating activities 35,384 33,145 29,432
Cash flows provided by (used for) investing activities:      
Additions to property, plant and equipment (14,259) (16,213) (15,181)
Additions to held for sale NAND property, plant, and equipment 194 0 0
Acquisitions, net of cash acquired (837) (1,958) (190)
Purchases of available-for-sale debt investments (6,862) (2,268) (3,843)
Maturities and sales of available-for-sale debt investments 6,781 4,226 3,163
Purchases of trading assets (22,377) (9,162) (9,503)
Maturities and sales of trading assets 15,377 7,178 12,111
Purchases of equity investments (720) (522) (874)
Proceeds from Equity Method Investment, Distribution, Return of Capital 910 2,688 2,802
Proceeds from Divestiture of Businesses 123 911 548
Other investing 1,262 715 (272)
Net cash used for investing activities (20,796) (14,405) (11,239)
Cash flows provided by (used for) financing activities:      
Issuance of term debt, net of issuance costs 10,247 3,392 423
Repayments of Long-term Debt (4,525) (2,627) (3,026)
Proceeds from sales of common stock through employee equity incentive plans 897 750 555
Repurchase of common stock (14,229) (13,576) (10,730)
Payment of dividends to stockholders (5,568) (5,576) (5,541)
Other financing 261 72 (288)
Net cash provided by (used for) financing activities (12,917) (17,565) (18,607)
Net increase (decrease) in cash and cash equivalents 1,671 1,175 (414)
Cash and cash equivalents, end of period 5,865 4,194 3,019
Supplemental disclosures:      
Acquisition of property, plant and equipment included in accounts payable and accrued liabilities 2,973 1,761 2,340
Interest, net of capitalized interest 594 469 448
Income taxes, net of refunds $ 2,436 $ 2,110 $ 3,813

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