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
 6 Months Ended
Mar. 25, 2018
Mar. 26, 2017
Operating Activities:    
Net income (loss) $ (5,590) $ 1,431
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization expense 751 671
Income tax provision in excess of (less than) income tax payments (Note 3) 5,477 (230)
Interest expense in excess of interest payments 207 129
Non-cash portion of share-based compensation expense 470 485
Net realized gains on marketable securities and other investments (73) (236)
Indefinite and long-lived asset impairment charges 33 34
Impairment losses on marketable securities and other investments 20 148
Other items, net 46 (32)
Changes in assets and liabilities:    
Accounts receivable, net 94 (1,691)
Inventories 243 (245)
Other assets 70 107
Trade accounts payable (511) (677)
Payroll, benefits and other liabilities 1,166 2,592
Unearned revenues (125) (80)
Net cash provided by operating activities 2,278 2,406
Investing Activities:    
Capital expenditures (411) (251)
Purchases of available-for-sale marketable securities (5,758) (8,802)
Proceeds from sales and maturities of available-for-sale securities 7,659 13,146
Deposits of investments designated as collateral 0 (2,000)
Acquisitions and other investments, net of cash acquired (170) (1,382)
Proceeds from other investments 159 7
Other items, net 2 42
Net cash provided by investing activities 1,481 760
Financing Activities:    
Proceeds from short-term debt 5,563 5,113
Repayment of short-term debt (4,330) (4,864)
Proceeds from issuance of common stock 335 290
Repurchases and retirements of common stock (425) (727)
Dividends paid (1,689) (1,567)
Payments of tax withholdings related to vesting of share-based awards (196) (175)
Payment of purchase consideration related to RF360 joint venture (115) 0
Other items, net (17) (52)
Net cash used by financing activities (874) (1,982)
Effect of exchange rate changes on cash and cash equivalents 32 (6)
Net increase in cash and cash equivalents 2,917 1,178
Cash and cash equivalents at beginning of period 35,029 5,946
Cash and cash equivalents at end of period $ 37,946 $ 7,124