Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Dec. 26, 2015
Cash flows from operating activities:      
Net income (loss) $ 43 $ (497) $ (660)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Net gain on sale of equity interests in ATMP JV (3) (146) 0
Depreciation and amortization 144 133 167
Provision for deferred income taxes 0 11 0
Stock-based compensation expense 97 86 63
Amortization of debt discount and issuance costs 36 21 11
Restructuring and other special charges, net 0 0 83
Net loss on debt redemption 12 68 0
Fair value of warrant issued related to sixth amendment to the WSA 0 240 0
Other 3 (6) (3)
Changes in operating assets and liabilities:      
Accounts receivable (89) 222 280
Inventories 12 (73) (11)
Prepayment and other receivables - related parties (1) 1 84
Prepaid expenses and other assets (140) (166) (111)
Payable to related parties 29 138 27
Accounts payable, accrued liabilities and other (75) 58 (156)
Net cash provided by (used in) operating activities 68 90 (226)
Cash flows from investing activities:      
Net proceeds from sale of equity interests in ATMP JV 1 342 0
Purchases of available-for-sale securities (222) 0 (227)
Purchases of property, plant and equipment (113) (77) (96)
Proceeds from maturities of available-for-sale securities 222 0 462
Proceeds from sale of property, plant and equipment 0 0 8
Other (2) 2 0
Net cash provided by (used in) investing activities (114) 267 147
Cash flows from financing activities:      
Proceeds from issuance of common stock, net of issuance costs 0 667 0
Proceeds from issuance of convertible senior notes, net of issuance costs 0 782 0
Proceeds from issuance of common stock under stock-based compensation equity plans 20 20 5
Proceeds from (repayments of) short-term borrowings, net 70 (230) 100
Repayments of long-term debt and capital lease obligations (110) (1,113) (44)
Other (13) (4) (2)
Net cash provided by (used in) financing activities (33) 122 59
Net increase (decrease) in cash and cash equivalents (79) 479 (20)
Cash and cash equivalents at beginning of year 1,264 [1],[2] 785 805
Cash and cash equivalents at end of year 1,185 [1],[2] 1,264 [1],[2] 785
Cash paid during the year for:      
Interest 88 149 149
Income taxes 20 20 3
Non-cash investing and financing activities:      
Purchases of property, plant and equipment, accrued but not paid 50 0 0
Issuance of common stock to partially settle long-term debt 38 8 0
Non-cash acquisition of property and equipment $ 12 $ 0 $ 0
[1] Amounts reflected adoption of FASB ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs beginning in the first quarter of 2016.
[2] Amounts reflected adoption of FASB ASU 2015-17, Balance Sheet Classification of Deferred Taxes beginning in the first quarter of 2016.