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
Related questions
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad29d87e-d642-4154-9080-12f696c79003%2F03ff9b1b-6ed8-4250-9a54-dd437a5febd4%2F4oy0dbp_processed.png&w=3840&q=75)
Transcribed Image Text: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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