Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 3 Months Ended
Dec. 30, 2012
Dec. 25, 2011
Operating Activities:    
Net income $ 1,903 $ 1,395
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 241 208
Revenues related to non-monetary exchanges (31) (31)
Income tax provision in excess of income tax payments 195 118
Non-cash portion of share-based compensation expense 283 247
Incremental tax benefits from share-based compensation (61) (23)
Net realized gains on marketable securities and other investments (96) (44)
Losses (gains) on derivative instruments 1 (45)
Net impairment losses on marketable securities and other investments 10 20
Other items, net 28 6
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (185) (38)
Inventories (247) 50
Other assets (51) (24)
Trade accounts payable 376 26
Payroll, benefits and other liabilities (387) (43)
Unearned revenues (4) (43)
Net cash provided by operating activities 1,975 1,779
Investing Activities:    
Capital expenditures (205) (359)
Purchases of available-for-sale securities (3,289) (2,027)
Proceeds from sales of available-for-sale securities 2,226 1,603
Purchases of trading securities (970) (1,137)
Proceeds from sales of trading securities 1,024 148
Acquisitions and other investments, net of cash acquired (39) (300)
Other items, net 26 4
Net cash used by investing activities (1,227) (2,068)
Financing Activities:    
Proceeds from issuance of common stock 340 228
Incremental tax benefits from share-based compensation 61 23
Repurchases and retirements of common stock (250) (99)
Dividends paid (428) (362)
Change in obligation under securtities lending 3 20
Other items, net (1) (1)
Net cash used by financing activities (275) (191)
Changes in cash and cash equivalents held for sale 13 0
Effect of exchange rate changes on cash and cash equivalents 0 (18)
Net increase (decrease) in cash and cash equivalents 486 (498)
Cash and cash equivalents at beginning of period 3,807 5,462
Cash and cash equivalents at end of period $ 4,293 $ 4,964