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, unless otherwise specified
 3 Months Ended
Dec. 25, 2011
Dec. 26, 2010
Operating Activities:    
Net income $ 1,395 [1] $ 1,170 [2]
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 208 201
Revenues related to non-monetary exchanges (31) (31)
Income tax provision in excess of (less than) income tax payments 118 (1,474)
Non-cash portion of share-based compensation expense 247 174
Incremental tax benefit from stock options exercised (23) (45)
Net realized gains on marketable securities and other investments (44) (127)
Gains on derivative instruments (45) (1)
Net impairment losses on marketable securities and other investments 20 11
Other items, net 6 (1)
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (38) 76
Inventories 50 (45)
Other assets (24) (23)
Trade accounts payable 26 (234)
Payroll, benefits and other liabilities (43) 21
Unearned revenues (43) 376
Net cash provided by operating activities 1,779 48
Investing Activities:    
Capital expenditures (359) (102)
Purchases of available-for-sale securities (2,027) (2,309)
Proceeds from sale of available-for-sale securities 1,603 3,024
Purchases of trading securities (1,137) 0
Proceeds from sale of trading securities 148 0
Acquisitions and other investments, net of cash acquired (300) (66)
Other items, net 4 7
Net cash (used) provided by investing activities (2,068) 554
Financing Activities:    
Borrowing under loans payable 0 1,083
Repayment of loans payable 0 (1,083)
Proceeds from issuance of common stock 228 791
Incremental tax benefit from stock options exercised 23 45
Repurchase and retirement of common stock (99) 0
Dividends paid (362) (309)
Change in obligation under securtities lending 20 38
Other items, net (1) (4)
Net cash (used) provided by financing activities (191) 561
Effect of exchange rate changes on cash (18) 1
Net (decrease) increase in cash and cash equivalents (498) 1,164
Cash and cash equivalents at beginning of period 5,462 3,547
Cash and cash equivalents at end of period $ 4,964 $ 4,711
[1] Loss from discontinued operations, net of income taxes, (Note 8) was attributable to Qualcomm.
[2] As adjusted for discontinued operations (Note 8)