Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Mar. 31, 2019
Mar. 25, 2018
Operating Activities:    
Net income (loss) $ 1,731 $ (5,653)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 698 751
Income tax provision (less than) in excess of income tax payments (958) 5,466
Non-cash portion of share-based compensation expense 452 470
Net gains on marketable securities and other investments (9) (73)
Indefinite and long-lived asset impairment charges 203 33
Impairment losses on marketable securities and other investments 69 20
Other items, net (190) 52
Changes in assets and liabilities:    
Accounts receivable, net 200 94
Inventories (49) 243
Other assets 25 58
Trade accounts payable (173) (511)
Payroll, benefits and other liabilities (727) 1,453
Unearned revenues (122) (125)
Net cash provided by operating activities 1,150 2,278
Investing Activities:    
Capital expenditures (322) (411)
Purchases of debt and equity marketable securities 0 (5,758)
Proceeds from sales and maturities of debt and equity marketable securities 92 7,659
Acquisitions and other investments, net of cash acquired (118) (170)
Proceeds from other investments 39 159
Other items, net 48 2
Net cash (used) provided by investing activities (261) 1,481
Financing Activities:    
Proceeds from short-term debt 3,297 5,563
Repayment of short-term debt (3,303) (4,330)
Proceeds from issuance of common stock 177 335
Repurchases and retirements of common stock (1,019) (425)
Dividends paid (1,502) (1,689)
Payments of tax withholdings related to vesting of share-based awards (143) (196)
Payment of purchase consideration related to RF360 joint venture 0 (115)
Other items, net (38) (17)
Net cash used by financing activities (2,531) (874)
Effect of exchange rate changes on cash and cash equivalents 0 32
Net (decrease) increase in total cash and cash equivalents (1,642) 2,917
Total cash and cash equivalents at beginning of period 11,777 37,029
Total cash and cash equivalents at end of period 10,135 39,946
Cash and cash equivalents 10,135 37,946
Restricted cash and restricted cash equivalents included in other assets $ 0 $ 2,000