XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Cash flows from operating activities:    
Net (loss) income $ (4,265) $ 650
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation expense 158 128
Amortization of intangible assets 130 34
Share-based compensation expense 266 656
Accretion of debt discount on convertible senior notes 0 26
Deferred income taxes (40) (81)
Goodwill impairment 3,914 0
Gain on previously held investment in GRAIL 0 (900)
Net losses (gains) on strategic investments 79 (46)
Loss (gain) on Helix contingent value right 8 (30)
Gain on derivative assets related to terminated acquisition 0 (26)
Change in fair value of contingent consideration liabilities (230) (7)
Other 7 26
Changes in operating assets and liabilities:    
Accounts receivable 13 (125)
Inventory (127) (27)
Prepaid expenses and other current assets 10 (34)
Operating lease right-of-use assets and liabilities, net (10) (9)
Other assets 17 (35)
Accounts payable (51) (28)
Accrued liabilities 388 81
Other long-term liabilities (22) 10
Net cash provided by operating activities 245 263
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 (198) (138)
Purchases of strategic investments (26) (44)
Sales of strategic investments 0 220
Net cash paid for acquisitions (85) (2,444)
Cash paid for intangible asset (180) 0
Net cash used in investing activities (489) (1,069)
Cash flows from financing activities:    
Net proceeds from issuance of debt 0 988
Payments on convertible senior notes 0 (517)
Taxes paid related to net share settlement of equity awards (19) (452)
Proceeds from issuance of common stock 63 59
Net cash provided by financing activities 44 78
Effect of exchange rate changes on cash and cash equivalents (32) (2)
Net decrease in cash and cash equivalents (232) (730)
Cash and cash equivalents at beginning of period 1,232 1,810
Cash and cash equivalents at end of period $ 1,000 $ 1,080