v3.21.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 25, 2021
Sep. 26, 2020
Statement of Cash Flows [Abstract]    
Cash and cash equivalents, beginning of period $ 5,865 $ 4,194
Cash flows provided by (used for) operating activities:    
Net income 15,245 15,042
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,357 7,925
Share-based compensation 1,587 1,393
Restructuring and other charges 2,597 146
Amortization of intangibles 1,361 1,311
(Gains) losses on equity investments, net (1,113) (105)
Changes in assets and liabilities:    
Accounts receivable (1,618) 525
Inventories (1,212) (570)
Accounts payable 1,095 355
Accrued compensation and benefits (16) (569)
Prepaid supply agreements (1,577) (91)
Income taxes (570) 493
Other assets and liabilities 1,058 (361)
Total adjustments 8,949 10,452
Net cash provided by operating activities 24,194 25,494
Cash flows provided by (used for) investing activities:    
Additions to property, plant and equipment (11,579) (10,392)
Additions to held for sale NAND property, plant, and equipment 1,118 0
Purchases of available-for-sale debt investments (3,983) (6,323)
Maturities and sales of available-for-sale debt investments 3,457 5,037
Purchases of trading assets (26,343) (14,744)
Maturities and sales of trading assets 18,813 11,227
Other investing 620 83
Net cash used for investing activities (20,133) (15,112)
Cash flows provided by (used for) financing activities:    
Issuance of long-term debt, net of issuance costs 4,974 10,247
Repayment of debt and debt conversion (500) (4,525)
Proceeds from sales of common stock through employee equity incentive plans 1,016 897
Repurchase of common stock (2,415) (12,229)
Accelerated share repurchase forward agreements 0 2,000
Payment of dividends to stockholders (4,231) (4,215)
Other financing (900) 605
Net cash provided by (used for) financing activities (2,056) (11,220)
Net increase (decrease) in cash and cash equivalents 2,005 (838)
Cash and cash equivalents, end of period 7,870 3,356
Supplemental disclosures of noncash investing activities and cash flow information:    
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities (2,693) (2,752)
Interest, net of capitalized interest 271 459
Income taxes, net of refunds $ 1,831 $ 1,986

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