v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
Statement of Cash Flows [Abstract]      
Cash and cash equivalents, beginning of period $ 4,827 $ 5,865 $ 4,194
Cash flows provided by (used for) operating activities:      
Net income 8,017 19,868 20,899
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 11,128 9,953 10,482
Share-based compensation 3,128 2,036 1,854
Restructuring and other charges 1,074 2,626 198
Amortization of intangibles 1,907 1,839 1,757
(Gains) losses on equity investments, net (4,254) (1,458) (1,757)
(Gains) losses on divestitures (1,059) 0 (30)
Changes in assets and liabilities:      
Accounts receivable 5,327 (2,674) 883
Inventories (2,436) (2,339) (687)
Accounts payable (29) 1,190 405
Accrued compensation and benefits (1,533) 515 348
Customer deposits and prepaid supply agreements (24) (1,583) (181)
Income taxes (4,535) (441) 1,620
Other assets and liabilities (1,278) (76) 73
Total adjustments 7,416 9,588 14,965
Net cash provided by operating activities 15,433 29,456 35,864
Cash flows provided by (used for) investing activities:      
Additions to property, plant and equipment (24,844) (18,733) (14,259)
Additions to held for sale NAND property, plant, and equipment 206 1,596 194
Purchase of short-term investments (43,647) (40,554) (29,239)
Maturities and sales of short-term investments 48,730 35,299 22,158
Purchases of equity investments (510) (613) (720)
Sales of equity investments 4,961 581 910
Proceeds from divestitures 6,579 0 123
Other investing (1,540) 1,167 (303)
Net cash used for investing activities (10,477) (24,449) (21,524)
Cash flows provided by (used for) financing activities:      
Issuance of commercial paper, net of issuance costs 3,945 0 0
Payments on finance leases (345) 0 0
Partner contributions 874 0 0
Proceeds from Mobileye IPO 1,032 0 0
Issuance of term debt, net of issuance costs 6,548 4,974 10,247
Repayments of Long-term Debt (4,984) (2,500) (4,525)
Proceeds from sales of common stock through employee equity incentive plans 977 1,020 897
Repurchase of common stock 0 (2,415) (14,229)
Payment of dividends to stockholders (5,997) (5,644) (5,568)
Other financing (689) (1,480) 509
Net cash provided by (used for) financing activities 1,361 (6,045) (12,669)
Net increase (decrease) in cash and cash equivalents 6,317 (1,038) 1,671
Cash and cash equivalents, end of period 11,144 4,827 5,865
Supplemental disclosures:      
Acquisition of property, plant and equipment included in accounts payable and accrued liabilities 5,431 1,619 2,973
Interest, net of capitalized interest 459 545 594
Income taxes, net of refunds $ 4,282 $ 2,263 $ 2,436

Source