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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Cash flows from operating activities:    
Net income $ 86 $ 147
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 50 41
Amortization of intangible assets 41 7
Share-based compensation expense 92 67
Accretion of debt discount on convertible senior notes 0 10
Deferred income taxes (21) (79)
Net losses on strategic investments 44 41
Gain on Helix contingent value right (5) (10)
Gain on derivative assets related to terminated acquisition 0 (26)
Change in fair value of contingent consideration liability (49) 0
Other (1) 22
Changes in operating assets and liabilities:    
Accounts receivable 31 (39)
Inventory (34) 8
Prepaid expenses and other current assets 11 7
Operating lease right-of-use assets and liabilities, net (3) (3)
Other assets 6 (4)
Accounts payable (39) (8)
Accrued liabilities (45) 105
Other long-term liabilities 8 (4)
Net cash provided by operating activities 172 282
Cash flows from investing activities:    
Maturities of available-for-sale securities 0 331
Purchases of available-for-sale securities 0 (77)
Sales of available-for-sale securities 0 1,031
Cash received for derivative assets related to terminated acquisition 0 52
Purchases of property and equipment (61) (42)
Purchases of strategic investments (13) (3)
Sales of strategic investments 0 84
Net cash (used in) provided by investing activities (74) 1,376
Cash flows from financing activities:    
Net proceeds from issuance of debt 0 988
Payments on convertible senior notes 0 (27)
Taxes paid related to net share settlement of equity awards (12) (24)
Proceeds from issuance of common stock 33 31
Net cash provided by financing activities 21 968
Effect of exchange rate changes on cash and cash equivalents 0 (3)
Net increase in cash and cash equivalents 119 2,623
Cash and cash equivalents at beginning of period 1,232 1,810
Cash and cash equivalents at end of period $ 1,351 $ 4,433