v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Operating Activities:    
Net Income $ 4,217 $ 1,393
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 751 691
Income tax provision less than income tax payments (235) (350)
Share-based compensation expense 814 603
Net gains on marketable securities and other investments (301) (49)
Impairment losses on other investments 16 337
Other items, net (48) (75)
Changes in assets and liabilities:    
Accounts receivable, net 658 (607)
Inventories (60) (297)
Other assets (60) (71)
Trade accounts payable 291 755
Payroll, benefits and other liabilities 148 24
Unearned revenues (105) (153)
Net cash provided by operating activities 6,086 2,201
Investing Activities:    
Capital expenditures (952) (641)
Purchases of debt and equity marketable securities (4,192) (1,312)
Proceeds from sales and maturities of debt and equity marketable securities 3,147 256
Acquisitions and other investments, net of cash acquired (1,236) (128)
Proceeds from other investments 167 33
Other items, net 32 23
Net cash used by investing activities (3,034) (1,769)
Financing Activities:    
Proceeds from short-term debt 1,579 1,116
Repayment of short-term debt (1,579) (1,116)
Proceeds from issuance of common stock 174 174
Repurchases and retirements of common stock (1,965) (2,340)
Dividends paid (1,473) (1,415)
Payments of tax withholdings related to vesting of share-based awards (501) (235)
Other items, net (23) (52)
Net cash used by financing activities (3,788) (3,868)
Effect of exchange rate changes on cash and cash equivalents 29 0
Net decrease in total cash and cash equivalents (707) (3,436)
Total cash and cash equivalents at beginning of period 6,707 11,839
Total cash and cash equivalents at end of period $ 6,000 $ 8,403

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