v3.19.3
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Sep. 29, 2019
USD ($)
Sep. 30, 2018
USD ($)
Sep. 24, 2017
USD ($)
Operating Activities:      
Net income (loss) $ 4,386 $ (4,964) $ 2,444
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization expense 1,401 1,561 1,461
Income tax provision in excess of (less than) income tax payments 1,976 4,481 (412)
Non-cash portion of share-based compensation expense 1,037 883 914
Net gains on marketable securities and other investments (356) (124) (530)
Indefinite and long-lived asset impairment charges 203 273 76
Impairment losses on marketable securities and other investments 135 75 177
Other items, net (272) (49) (26)
Changes in assets and liabilities:      
Accounts receivable, net 1,373 734 (1,104)
Inventories 273 337 (200)
Other assets 78 24 136
Trade accounts payable (443) (94) (45)
Payroll, benefits and other liabilities (2,376) 1,005 2,341
Unearned revenues (129) (234) (231)
Net cash provided by operating activities 7,286 3,908 5,001
Investing Activities:      
Capital expenditures (887) (784) (690)
Purchases of debt and equity marketable securities 0 (5,936) (19,062)
Proceeds from sales and maturities of debt and equity marketable securities 139 9,188 41,715
Purchases of other marketable securities 0 (49) (2,010)
Proceeds from sales and maturities of other marketable securities 0 50 2,006
Acquisitions and other investments, net of cash acquired (252) (326) (1,544)
Proceeds from other investments 68 222 23
Other items, net 126 16 25
Net cash (used) provided by investing activities (806) 2,381 20,463
Financing Activities:      
Proceeds from short-term debt 5,989 11,131 8,558
Repayment of short-term debt (6,492) (11,127) (9,309)
Proceeds from long-term debt 0 0 10,953
Repayment of long-term debt 0 (5,513) 0
Proceeds from issuance of common stock 414 603 497
Repurchases and retirements of common stock (1,793) (22,580) (1,342)
Dividends paid (2,968) (3,466) (3,252)
Payments of tax withholdings related to vesting of share-based awards (266) (280) (268)
Payment of purchase consideration related to RF360 Holdings (1,163) (157) (115)
Other items, net (107) (111) (151)
Net cash (used) provided by financing activities (6,386) (31,500) 5,571
Effect of exchange rate changes on cash and cash equivalents (32) (41) 48
Net increase (decrease) in total cash and cash equivalents 62 (25,252) 31,083
Total cash and cash equivalents at beginning of period 11,777 37,029 5,946
Total cash and cash equivalents at end of period 11,839 11,777 37,029
Cash and cash equivalents 11,839 11,777 35,029
Restricted cash and restricted cash equivalents included in other assets $ 0 $ 0 $ 2,000

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