XML 24 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 29, 2018
Jun. 30, 2017
Jul. 01, 2016
Cash flows from operating activities      
Net income (loss) $ 675 $ 397 $ 242
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization 2,056 2,128 1,154
Stock-based compensation 377 394 191
Deferred income taxes (348) 12 (149)
Loss on disposal of assets 21 18 22
Write-off of issuance costs and amortization of debt discounts 221 285 39
Cash premium on extinguishment of debt 720 0 0
Loss on convertible debt and related instruments 0 5 58
Non-cash portion of employee termination, asset impairment and other charges 16 13 41
Other non-cash operating activities, net (19) 94 11
Changes in:      
Accounts receivable, net (244) (487) 466
Inventories (598) (204) 306
Accounts payable (15) 223 (299)
Accounts payable to related parties 53 38 (115)
Accrued expenses (17) 231 102
Accrued compensation (26) 115 (94)
Other assets and liabilities, net 1,333 175 8
Net cash provided by operating activities 4,205 3,437 1,983
Cash flows from investing activities      
Purchases of property, plant and equipment (835) (578) (584)
Proceeds from the sale of property, plant and equipment 26 21 0
Acquisitions, net of cash acquired (100) 0 (9,835)
Purchases of investments (89) (281) (632)
Proceeds from sale of investments 48 94 1,204
Proceeds from maturities of investments 19 417 405
Investments in Flash Ventures 0 (20) 0
Notes receivable issuances to Flash Ventures (1,313) (549) (106)
Notes receivable proceeds from Flash Ventures 571 292 16
Strategic investments and other, net 18 (32) (76)
Net cash used in investing activities (1,655) (636) (9,608)
Cash flows from financing activities      
Issuance of stock under employee stock plans 220 235 117
Taxes paid on vested stock awards under employee stock plans (171) (124) (50)
Excess tax benefits from employee stock plans 0 119 7
Proceeds from acquired call option 0 61 409
Settlement of convertible debt 0 (492) (2,611)
Repurchases of common stock (591) 0 (60)
Dividends paid to shareholders (593) (574) (464)
Settlement of debt hedge contracts 28 (21) 0
Proceeds from (repayment of) revolving credit facility 500 0 (255)
Repayment of debt and premiums (17,074) (11,697) (2,313)
Proceeds from debt 13,840 7,908 17,108
Debt issuance costs (59) (10) (524)
Payment upon settlement of acquired warrants 0 0 (613)
Net cash provided by (used in) financing activities (3,900) (4,595) 10,751
Effect of exchange rate changes on cash 1 (3) 1
Net increase (decrease) in cash and cash equivalents (1,349) (1,797) 3,127
Cash and cash equivalents, beginning of year 6,354 8,151 5,024
Cash and cash equivalents, end of year 5,005 6,354 8,151
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 220 184 26
Cash paid for interest 708 777 113
Supplemental disclosure of non-cash investing and financing activities:      
Common stock issued and equity awards assumed in connection with acquisition 0 0 1,822
Shares issued in conjunction with settlement of convertible notes 0 16 94
Shares received in conjunction with assumed call options $ 0 $ (11) $ (70)