v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 30, 2018
Operating Activities:      
Net income (loss) $ 5,198 $ 4,386 $ (4,964)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization expense 1,393 1,401 1,561
Income tax provision (less than) in excess of income tax payments (309) 1,976 4,481
Share-based compensation expense 1,212 1,037 883
Net gains on marketable securities and other investments (336) (356) (124)
Indefinite and long-lived asset impairment charges 0 203 273
Impairment losses on marketable securities and other investments 405 135 75
Other items, net (142) (272) (49)
Changes in assets and liabilities:      
Accounts receivable, net (1,529) 1,373 734
Inventories (1,157) 273 337
Other assets (110) 78 24
Trade accounts payable 907 (443) (94)
Payroll, benefits and other liabilities 528 (2,376) 1,005
Unearned revenues (246) (129) (234)
Net cash provided by operating activities 5,814 7,286 3,908
Investing Activities:      
Capital expenditures (1,407) (887) (784)
Purchases of debt and equity marketable securities (6,213) 0 (5,936)
Proceeds from sales and maturities of debt and equity marketable securities 2,399 198 9,188
Acquisitions and other investments, net of cash acquired (185) (252) (326)
Proceeds from other investments 100 68 222
Other items, net 43 67 17
Net cash (used) provided by investing activities (5,263) (806) 2,381
Financing Activities:      
Proceeds from short-term debt 2,848 5,989 11,131
Repayment of short-term debt (2,846) (6,492) (11,127)
Proceeds from long-term debt 1,988 0 0
Repayment of long-term debt (2,219) 0 (5,513)
Proceeds from issuance of common stock 329 414 603
Repurchases and retirements of common stock (2,450) (1,793) (22,580)
Dividends paid (2,882) (2,968) (3,466)
Payments of tax withholdings related to vesting of share-based awards (344) (266) (280)
Payment of purchase consideration related to RF360 Holdings (55) (1,163) (157)
Other items, net (76) (107) (111)
Net cash used by financing activities (5,707) (6,386) (31,500)
Effect of exchange rate changes on cash and cash equivalents 24 (32) (41)
Net (decrease) increase in total cash and cash equivalents (5,132) 62 (25,252)
Total cash and cash equivalents at beginning of period 11,839 11,777 37,029
Total cash and cash equivalents at end of period $ 6,707 $ 11,839 $ 11,777

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