v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Operating Activities:    
Net income $ 6,245 $ 2,238
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,157 1,054
Income tax provision less than income tax payments (358) (459)
Share-based compensation expense 1,238 899
Net gains on marketable securities and other investments (487) (269)
Impairment losses on other investments 24 349
Other items, net (73) (108)
Changes in assets and liabilities:    
Accounts receivable, net 1,052 622
Inventories (509) (938)
Other assets 39 (139)
Trade accounts payable 449 745
Payroll, benefits and other liabilities 805 277
Unearned revenues (123) (198)
Net cash provided by operating activities 9,459 4,073
Investing Activities:    
Capital expenditures (1,458) (1,059)
Purchases of debt and equity marketable securities (5,458) (4,818)
Proceeds from sales and maturities of debt and equity marketable securities 4,482 1,011
Acquisitions and other investments, net of cash acquired (1,284) (159)
Proceeds from other investments 234 58
Other items, net 78 42
Net cash used by investing activities (3,406) (4,925)
Financing Activities:    
Proceeds from short-term debt 2,185 2,286
Repayment of short-term debt (2,185) (2,285)
Proceeds from long-term debt 0 1,989
Repayment of long-term debt 0 (2,000)
Proceeds from issuance of common stock 174 176
Repurchases and retirements of common stock (2,595) (2,450)
Dividends paid (2,240) (2,148)
Payments of tax withholdings related to vesting of share-based awards (710) (329)
Other items, net (25) (110)
Net cash used by financing activities (5,396) (4,871)
Effect of exchange rate changes on cash and cash equivalents 35 4
Net increase (decrease) in total cash and cash equivalents 692 (5,719)
Total cash and cash equivalents at beginning of period 6,707 11,839
Total cash and cash equivalents at end of period $ 7,399 $ 6,120

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