Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
 9 Months Ended
Jun. 26, 2011
Jun. 27, 2010
Operating Activities:    
Net income $ 3,194 $ 2,382
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 820 495
Goodwill impairment 114 0
Revenues related to non-monetary exchanges (93) (99)
Income tax provision (less than) in excess of income tax payments (1,218) 80
Non-cash portion of share-based compensation expense 568 453
Incremental tax benefit from stock options exercised (167) (34)
Net realized gains on marketable securities and other investments (304) (274)
Net impairment losses on marketable securities and other investments 26 102
Other items, net 23 (70)
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net 21 (91)
Inventories (43) 7
Other assets (36) (71)
Trade accounts payable (191) 23
Payroll, benefits and other liabilities 210 (161)
Unearned revenues 156 241
Net cash provided by operating activities 3,080 2,983
Investing Activities:    
Capital expenditures (400) (313)
Advance payment on spectrum 0 (1,064)
Purchases of available-for-sale securities (8,271) (7,049)
Proceeds from sale of available-for-sale securities 9,355 7,354
Atheros acquisition, net of cash acquired (Note 12) (3,130) 0
Other acquisitions and investments, net of cash acquired (95) (45)
Other items, net (22) 121
Net cash used by investing activities (2,563) (996)
Financing Activities:    
Borrowing under loans payable 1,260 1,064
Repayment of loans payable (1,260) 0
Proceeds from issuance of common stock 2,392 519
Proceeds from issuance of subsidiary shares to noncontrolling interests (Note 7) 62 0
Incremental tax benefit from stock options exercised 167 34
Repurchase and retirement of common stock 0 (2,893)
Dividends paid (985) (872)
Other items, net 36 (2)
Net cash provided (used) by financing activities 1,672 (2,150)
Effect of exchange rate changes on cash 10 (13)
Net increase (decrease) in cash and cash equivalents 2,199 (176)
Cash and cash equivalents at beginning of period 3,547 2,717
Cash and cash equivalents at end of period $ 5,746 $ 2,541