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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 01, 2021
Sep. 25, 2020
OPERATING ACTIVITIES    
CONSOLIDATED NET INCOME $ 7,354 $ 6,294
Depreciation and amortization 1,111 1,106
Stock-based compensation expense 236 88
Deferred income taxes 726 10
Equity (income) loss - net of dividends (621) (565)
Foreign currency adjustments (5) (145)
Significant (gains) losses - net (498) (899)
Other operating charges 243 671
Other items 517 562
Net change in operating assets and liabilities 168 (902)
Net Cash Provided by (Used in) Operating Activities 9,231 6,220
INVESTING ACTIVITIES    
Purchases of investments (4,732) (12,051)
Proceeds from disposals of investments 5,294 6,482
Acquisitions of businesses, equity method investments and nonmarketable securities (11) (989)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 1,950 46
Purchases of property, plant and equipment (728) (759)
Proceeds from disposals of property, plant and equipment 65 156
Other investing activities 81 43
Net Cash Provided by (Used in) Investing Activities 1,919 (7,072)
FINANCING ACTIVITIES    
Issuances of debt 11,848 26,898
Payments of debt (13,037) (17,977)
Issuances of stock 493 514
Purchases of stock for treasury (104) (93)
Dividends (5,437) (3,522)
Other financing activities (354) 153
Net Cash Provided by (Used in) Financing Activities (6,591) 5,973
EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS (56) (36)
CASH AND CASH EQUIVALENTS    
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period 4,503 5,085
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at beginning of period 7,110 6,737
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents at end of period 11,613 11,822
Less: Restricted Cash and Restricted Cash Equivalents at end of period   437
Cash and cash equivalents $ 11,301 $ 11,385

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