Please analyze and interpret their operating, investing, and financing activities in detail. Consolidated Statements of CashFlows - USD ($)$ in Millions12 Months EndedDec. 26, 2020 Dec. 28, 2019 Dec. 29, 2018Statement of Cash Flows [Abstract]Cash and cash equivalents, beginning ofperiod$ 4,194$ 3,019$ 3,433Cash flows provided by (used for)operating activities:Net income20,89921,04821,053Adjustments to reconcile net income tonet cash provided by operatingactivities:DepreciationShare-based compensation10,4829,2047,5201,8541,7051,546Amortization of intangibles1,7571,6221,565(Gains) losses on equity investments, net(1,757)(892)155(Gains) losses on divestitures(30)(690)(497)Changes in assets and liabilities:Accounts receivable883(935)(1,714)Inventories(687)(1,481)(214)Accounts payable412696211Accrued compensation and benefits46391(260)Customer deposits and prepaid supplyagreements(181)(782)1,367Income taxes1,620885(1,601)Other assets and liabilities(331)2,674301Total adjustments14,48512,0978,379Net cash provided by operating activitiesCash flows provided by (used for)investing activities:Additions to property, plant and equipment35,38433,14529,432(14,259)(16,213)(15,181)Additions to held for sale NAND property,plant, and equipmentAcquisitions, net of cash acquired194(837)(1,958)(190)Purchases of available-for-sale debt(6,862)(2,268)(3,843)investmentsMaturities and sales of available-for-sale6,7814,2263,163debt investmentsPurchases of trading assetsMaturities and sales of trading assets(22,377)15,377(9,162)(9,503)7,17812,111Purchases of equity investments(720)(522)(874)Proceeds from Equity Method Investment,Distribution, Return of Capital9102,6882,802Proceeds from Divestiture of Businesses123911548Other investing1,262715(272)Net cash used for investing activities(20,796)(14,405)(11,239)Cash flows provided by (used for)financing activities:Issuance of term debt, net of issuancecosts10,2473,392423Repayments of Long-term DebtProceeds from sales of common stockthrough employee equity incentive plans(4,525)(2,627)(3,026)897750555(10,730)(5,541)Repurchase of common stock(14,229)(13,576)Payment of dividends to stockholders(5,568)(5,576)Other financing26172(288)Net cash provided by (used for) financingactivities(17,565)(12,917)(18,607)Net increase (decrease) in cash and cashequivalents1,6711,175(414)Cash and cash equivalents, end of period5,8654,1943,019Supplemental disclosures:Acquisition of property, plant andequipment included in accounts payableand accrued liabilities2,9731,7612,340Interest, net of capitalized interestIncome taxes, net of refunds594469448$ 2,436$ 2,110$ 3,813

Cash flow statement: It is a financial statement that shows the amount cash inflows and cash…

Consolidated Statements of Cash 12 Months Ended Flows - USD ($) $ in Millions Dec. 26, 2020 Dec. 28, 2019 Dec. 29, 2018 Statement of Cash Flows [Abstract] Cash and cash equivalents, beginning of period Cash flows provided by (used for) operating activities: $ 4,194 $ 3,019 $ 3,433 Net income 20,899 21,048 21,053 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Share-based compensation Amortization of intangibles (Gains) losses on equity investments, net (Gains) losses on divestitures Changes in assets and liabilities: 10,482 9,204 7,520 1,854 1,705 1,546 1,757 1,622 1,565 (1,757) (30) 155 (892) (690) (497) (935) (1,481) 696 Accounts receivable 883 (1,714) (214) Inventories (687) Accounts payable Accrued compensation and benefits Customer deposits and prepaid supply agreements 412 211 463 91 (260) (181) (782) 1,367 Income taxes 1,620 885 (1,601) Other assets and liabilities (331) 2,674 301 Total adjustments Net cash provided by operating activities 14,485 12,097 8,379 35,384 33,145 29,432

Consolidated Statements of Cash 12 Months Ended Flows - USD ($) $ in Millions Dec. 26, 2020 Dec. 28, 2019 Dec. 29, 2018 Statement of Cash Flows [Abstract] Cash and cash equivalents, beginning of period Cash flows provided by (used for) operating activities: $ 4,194 $ 3,019 $ 3,433 Net income 20,899 21,048 21,053 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Share-based compensation Amortization of intangibles (Gains) losses on equity investments, net (Gains) losses on divestitures Changes in assets and liabilities: 10,482 9,204 7,520 1,854 1,705 1,546 1,757 1,622 1,565 (1,757) (30) 155 (892) (690) (497) (935) (1,481) 696 Accounts receivable 883 (1,714) (214) Inventories (687) Accounts payable Accrued compensation and benefits Customer deposits and prepaid supply agreements 412 211 463 91 (260) (181) (782) 1,367 Income taxes 1,620 885 (1,601) Other assets and liabilities (331) 2,674 301 Total adjustments Net cash provided by operating activities 14,485 12,097 8,379 35,384 33,145 29,432

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 32BE

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Question

Please analyze and interpret their operating, investing, and financing activities in detail.

Consolidated Statements of Cash
Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 26, 2020 Dec. 28, 2019 Dec. 29, 2018
Statement of Cash Flows [Abstract]
Cash and cash equivalents, beginning of
period
$ 4,194
$ 3,019
$ 3,433
Cash flows provided by (used for)
operating activities:
Net income
20,899
21,048
21,053
Adjustments to reconcile net income to
net cash provided by operating
activities:
Depreciation
Share-based compensation
10,482
9,204
7,520
1,854
1,705
1,546
Amortization of intangibles
1,757
1,622
1,565
(Gains) losses on equity investments, net
(1,757)
(892)
155
(Gains) losses on divestitures
(30)
(690)
(497)
Changes in assets and liabilities:
Accounts receivable
883
(935)
(1,714)
Inventories
(687)
(1,481)
(214)
Accounts payable
412
696
211
Accrued compensation and benefits
463
91
(260)
Customer deposits and prepaid supply
agreements
(181)
(782)
1,367
Income taxes
1,620
885
(1,601)
Other assets and liabilities
(331)
2,674
301
Total adjustments
14,485
12,097
8,379
Net cash provided by operating activities
Cash flows provided by (used for)
investing activities:
Additions to property, plant and equipment
35,384
33,145
29,432
(14,259)
(16,213)
(15,181)
Additions to held for sale NAND property,
plant, and equipment
Acquisitions, net of cash acquired
194
(837)
(1,958)
(190)
Purchases of available-for-sale debt
(6,862)
(2,268)
(3,843)
investments
Maturities and sales of available-for-sale
6,781
4,226
3,163
debt investments
Purchases of trading assets
Maturities and sales of trading assets
(22,377)
15,377
(9,162)
(9,503)
7,178
12,111
Purchases of equity investments
(720)
(522)
(874)
Proceeds from Equity Method Investment,
Distribution, Return of Capital
910
2,688
2,802
Proceeds from Divestiture of Businesses
123
911
548
Other investing
1,262
715
(272)
Net cash used for investing activities
(20,796)
(14,405)
(11,239)
Cash flows provided by (used for)
financing activities:
Issuance of term debt, net of issuance
costs
10,247
3,392
423
Repayments of Long-term Debt
Proceeds from sales of common stock
through employee equity incentive plans
(4,525)
(2,627)
(3,026)
897
750
555
(10,730)
(5,541)
Repurchase of common stock
(14,229)
(13,576)
Payment of dividends to stockholders
(5,568)
(5,576)
Other financing
261
72
(288)
Net cash provided by (used for) financing
activities
(17,565)
(12,917)
(18,607)
Net increase (decrease) in cash and cash
equivalents
1,671
1,175
(414)
Cash and cash equivalents, end of period
5,865
4,194
3,019
Supplemental disclosures:
Acquisition of property, plant and
equipment included in accounts payable
and accrued liabilities
2,973
1,761
2,340
Interest, net of capitalized interest
Income taxes, net of refunds
594
469
448
$ 2,436
$ 2,110
$ 3,813

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