Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 26, 2015
Dec. 27, 2014
Cash flows from operating activities:      
Net loss $ (497) $ (660) $ (403)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Net gain on sale of equity interests in ATMP JV (146) 0 0
Equity in loss of ATMP JV 2 0 0
Depreciation and amortization 133 167 203
Provision for deferred income taxes 11 0 0
Stock-based compensation expense 86 63 81
Non-cash interest expense 21 11 17
Goodwill impairment charge 0 0 233
Restructuring and other special charges, net 0 83 14
Net loss on debt redemption 68 0 61
Fair value of warrant issued related to sixth amendment to the WSA 240 0 0
Other (8) (3) (13)
Changes in operating assets and liabilities:      
Accounts receivable 222 280 7
Inventories (73) (11) 199
Prepayment and other - GLOBALFOUNDRIES 1 84 (113)
Prepaid expenses and other assets (166) (111) (7)
Payable to ATMP JV 128 0 0
Payable to GLOBALFOUNDRIES 10 27 (146)
Accounts payables, accrued liabilities and other 58 (156) (231)
Net cash provided by (used in) operating activities 90 (226) (98)
Cash flows from investing activities:      
Net Proceeds from sale of equity interests in ATMP JV 342 0 0
Purchases of available-for-sale securities 0 (227) (790)
Purchases of property, plant and equipment (77) (96) (95)
Proceeds from maturities of available-for-sale securities 0 462 873
Proceeds from sale of property, plant and equipment 0 8 0
Other 2 0 0
Net cash provided by (used in) investing activities 267 147 (12)
Cash flows from financing activities:      
Proceeds from (repayments of) borrowings, net (230) 100 75
Proceeds from issuance of senior notes, net of issuance costs 782 0 1,080
Proceeds from issuance of common stock, net of issuance costs 667 0 0
Proceeds from issuance of common stock under stock-based compensation equity plans 20 5 4
Repayments of long-term debt and capital lease obligations (1,113) (44) (1,115)
Other (4) (2) 2
Net cash provided by financing activities 122 59 46
Net increase (decrease) in cash and cash equivalents 479 (20) (64)
Cash and cash equivalents at beginning of year 785 805 869
Cash and cash equivalents at end of year 1,264 785 805
Supplemental disclosures of cash flow information:      
Cash paid during the year for interest 149 149 138
Cash paid during the year for income taxes 20 3 7
Non-cash financing activity:      
Issuance of common stock to partially settle the 7.00% Notes $ 8 $ 0 $ 0