v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2021
Jun. 26, 2020
OPERATING ACTIVITIES    
CONSOLIDATED NET INCOME $ 4,879 $ 4,554
Depreciation and amortization 749 748
Stock-based compensation expense 148 36
Deferred income taxes 500 (39)
Equity (income) loss - net of dividends (333) (212)
Foreign currency adjustments (31) (67)
Significant (gains) losses - net (690) (901)
Other operating charges 238 341
Other items 503 52
Net change in operating assets and liabilities (438) (1,726)
Net Cash Provided by (Used in) Operating Activities 5,525 2,786
INVESTING ACTIVITIES    
Purchases of investments (3,431) (8,294)
Proceeds from disposals of investments 3,811 2,649
Acquisitions of businesses, equity method investments and nonmarketable securities (11) (984)
Proceeds from disposals of businesses, equity method investments and nonmarketable securities 1,765 46
Purchases of property, plant and equipment (450) (536)
Proceeds from disposals of property, plant and equipment 28 112
Other investing activities 41 40
Net Cash Provided by (Used in) Investing Activities 1,753 (6,967)
FINANCING ACTIVITIES    
Issuances of debt 10,752 19,775
Payments of debt (11,957) (10,304)
Issuances of stock 342 444
Purchases of stock for treasury (104) (93)
Dividends (3,623) (1,761)
Other financing activities (372) (16)
Net Cash Provided by (Used in) Financing Activities (4,962) 8,045
EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS, RESTRICTED CASH AND RESTRICTED CASH EQUIVALENTS 82 (172)
CASH AND CASH EQUIVALENTS    
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period 2,398 3,692
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 9,508 10,429
Less: Restricted Cash and Restricted Cash Equivalents at end of period 320 392
Cash and cash equivalents $ 9,188 $ 10,037

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