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. 24, 2018
Jun. 25, 2017
Operating Activities:    
Net income (loss) $ (4,371) $ 2,296
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization expense 1,165 1,064
Income tax provision in excess of (less than) income tax payments (Note 3) 4,973 (467)
Non-cash portion of share-based compensation expense 659 712
Net realized gains on marketable securities and other investments (101) (375)
Indefinite and long-lived asset impairment charges 96 76
Impairment losses on marketable securities and other investments 40 163
Other items, net 25 14
Changes in assets and liabilities:    
Accounts receivable, net 470 (1,021)
Inventories 245 (182)
Other assets 90 111
Trade accounts payable (296) (543)
Payroll, benefits and other liabilities 1,514 878
Unearned revenues (178) (149)
Net cash provided by operating activities 4,331 2,577
Investing Activities:    
Capital expenditures (625) (428)
Purchases of available-for-sale marketable securities (5,835) (15,509)
Proceeds from sales and maturities of available-for-sale securities 9,105 19,643
Purchases of other marketable securities (49) (705)
Deposits of investments designated as collateral 0 (2,000)
Acquisitions and other investments, net of cash acquired (192) (1,401)
Proceeds from other investments 207 18
Other items, net 4 40
Net cash provided (used) by investing activities 2,615 (342)
Financing Activities:    
Proceeds from short-term debt 9,385 6,848
Repayment of short-term debt (7,198) (7,598)
Proceeds from long-term debt 0 10,953
Repayment of long-term debt (1,571) 0
Deposit to redeem long-term debt (2,831) 0
Proceeds from issuance of common stock 387 331
Repurchases and retirements of common stock (1,425) (1,027)
Dividends paid (2,600) (2,411)
Payments of tax withholdings related to vesting of share-based awards (273) (263)
Payment of purchase consideration related to RF360 joint venture (157) 0
Other items, net (54) (133)
Net cash (used) provided by financing activities (6,337) 6,700
Effect of exchange rate changes on cash and cash equivalents (19) 28
Net increase in cash and cash equivalents 590 8,963
Cash and cash equivalents at beginning of period 35,029 5,946
Cash and cash equivalents at end of period $ 35,619 $ 14,909