Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 1,159 $ 187
Adjustments to reconcile net income to net cash provided by operating activities:    
Other Depreciation and Amortization 2,309 2,654
Stock-based compensation 1,068 1,010
Deferred income taxes (863) (800)
Amortization of operating lease right-of-use assets 82 73
Inventory loss at contract manufacturer 65 0
Other (50) (31)
Changes in operating assets and liabilities    
Accounts receivable, net (1,862) (929)
Inventories (1,096) (674)
Prepaid expenses and other assets (250) (380)
Receivables from and payables to related parties, net 78 (136)
Accounts payable 476 (238)
Accrued and other liabilities 626 550
Net cash provided by operating activities 1,742 1,286
Cash flows from investing activities:    
Purchases of property and equipment (428) (407)
Purchases of short-term investments (707) (3,312)
Proceeds from maturity of short-term investments 1,351 1,917
Proceeds from sale of short-term investments 591 248
Acquisitions, net of cash acquired (548) (14)
Related party equity method investment (17) 0
Other (129) (5)
Net cash provided by (used in) investing activities 113 (1,573)
Cash flows from financing activities:    
Repayment of debt (750) 0
Proceeds from sales of common stock through employee equity plans 152 148
Repurchases of common stock (606) (752)
Common stock repurchases for tax withholding on employee equity plans (686) (382)
Other (1) (1)
Net cash used in financing activities (1,891) (987)
Net decrease in cash and cash equivalents (36) (1,274)
Cash and cash equivalents at beginning of period 3,933 4,835
Cash and cash equivalents at end of period 3,897 3,561
Supplemental cash flow information:    
Cash paid for taxes, net of refunds 1,011 34
Non-cash investing activities:    
Purchases of property and equipment, accrued but not paid 99 113
Operating lease right-of-use assets acquired by assuming related liabilities $ 95 $ 121