v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Mar. 27, 2022
Mar. 28, 2021
Operating Activities:    
Net income $ 6,333 $ 4,217
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 834 751
Income tax provision less than income tax payments (403) (235)
Share-based compensation expense 994 814
Net losses (gains) on marketable securities and other investments 213 (301)
Other items, net (35) (32)
Changes in assets and liabilities:    
Accounts receivable, net (501) 658
Inventories (1,337) (60)
Other assets (1,812) (60)
Trade accounts payable 979 291
Payroll, benefits and other liabilities (371) 148
Unearned revenues (139) (105)
Net cash provided by operating activities 4,755 6,086
Investing Activities:    
Capital expenditures (1,074) (952)
Purchases of debt and equity marketable securities (936) (4,192)
Proceeds from sales and maturities of debt and equity marketable securities 1,563 3,147
Acquisitions and other investments, net of cash acquired (288) (1,236)
Proceeds from other investments 97 167
Other items, net 0 32
Net cash used by investing activities (638) (3,034)
Financing Activities:    
Proceeds from short-term debt 1,462 1,579
Repayment of short-term debt (1,462) (1,579)
Proceeds from issuance of common stock 187 174
Repurchases and retirements of common stock (2,129) (1,965)
Dividends paid (1,529) (1,473)
Payments of tax withholdings related to vesting of share-based awards (562) (501)
Other items, net (11) (23)
Net cash used by financing activities (4,044) (3,788)
Effect of exchange rate changes on cash and cash equivalents (16) 29
Net increase (decrease) in total cash and cash equivalents 57 (707)
Total cash and cash equivalents at beginning of period 7,116 6,707
Total cash and cash equivalents at end of period $ 7,173 $ 6,000

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