v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
9 Months Ended
Jun. 26, 2022
USD ($)
Jun. 27, 2021
USD ($)
Operating Activities:    
Net income $ 10,063 $ 6,245
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,272 1,157
Income tax provision less than income tax payments (234) (358)
Share-based compensation expense 1,510 1,238
Net losses (gains) on marketable securities and other investments 374 (487)
Other items, net 0 (49)
Changes in assets and liabilities:    
Accounts receivable, net (216) 1,052
Inventories (2,201) (509)
Other assets (2,360) 39
Trade accounts payable 948 449
Payroll, benefits and other liabilities (1,274) 805
Unearned revenues (232) (123)
Net cash provided by operating activities 7,650 9,459
Investing Activities:    
Capital expenditures (1,628) (1,458)
Purchases of debt and equity marketable securities (1,269) (5,458)
Proceeds from sales and maturities of debt and equity marketable securities 1,960 4,482
Acquisitions and other investments, net of cash acquired (4,743) (1,284)
Proceeds from other investments 125 234
Other items, net 41 78
Net cash used by investing activities (5,514) (3,406)
Financing Activities:    
Proceeds from short-term debt 3,065 2,185
Repayment of short-term debt (3,066) (2,185)
Repayment of debt of acquired company (349) 0
Proceeds from long-term debt 1,477 0
Repayment of long-term debt (1,540) 0
Proceeds from issuance of common stock 188 174
Repurchases and retirements of common stock (2,629) (2,595)
Dividends paid (2,371) (2,240)
Payments of tax withholdings related to vesting of share-based awards (751) (710)
Other items, net (28) (25)
Net cash used by financing activities (6,004) (5,396)
Effect of exchange rate changes on cash and cash equivalents (50) 35
Net (decrease) increase in total cash and cash equivalents (3,918) 692
Total cash and cash equivalents at beginning of period 7,116 6,707
Total cash and cash equivalents at end of period (including $522 million classified as held for sale) 3,198 $ 7,399
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents $ 522  

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