XML 30 R6.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) $ (27) $ (82) $ (75)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation of property and equipment 39 23 17
Share-based compensation 252 174 97
Amortization of intangible assets 474 544 509
Exchange rate differences on cash and cash equivalents 5 6  
Deferred income taxes (14) (9) (29)
Interest on Dividend Note to related party, net   18  
Interest with related party, net 16 12 20
Other 1 (2)  
Changes in operating assets and liabilities:      
Decrease (increase) in trade accounts receivable (88) (114) (62)
Decrease (increase) in other current assets 8 (10) (17)
Decrease (increase) in inventories (278) (16) 31
Increase (decrease) in accounts payable, accrued expenses and related party payable 10 58 59
Increase (decrease) in employee-related accrued expenses and long term benefits (1) (52) 36
Increase (decrease) in other current liabilities (7) (16) 20
Decrease (increase) in other long-term assets (3) 17 (7)
Increase (decrease) in long-term liabilities 7 (5)  
Net cash provided by operating activities 394 546 599
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property and equipment (98) (111) (143)
Repayment of loan due from related party   1,635 460
Issuance of loan to related party   (336) (474)
Other   (1)  
Net cash provided by (used in) investing activities (98) 1,187 (157)
CASH FLOWS FROM FINANCING ACTIVITIES      
Business combination deferred consideration payment     (90)
Net transfers from Parent   84 181
Dividend paid 0 (337) 0
Share-based compensation recharge (100) (280)  
Proceeds from initial public offering, net of offering costs 0 1,034 0
Equity transaction in connection with the legal purchase of Moovit entities   (900)  
Repayment of Dividend Note with related party   (918)  
Net cash provided by (used in) financing activities (100) (1,317) 91
Effect of foreign exchange rate changes on cash and cash equivalents (5) (6) (1)
Increase in cash, cash equivalents and restricted cash 191 410 532
Balance of cash, cash equivalents and restricted cash, at beginning of year 1,035 625 93
Balance of cash, cash equivalents and restricted cash, at end of year 1,226 1,035 625
Supplementary non-cash investing and financing activities:      
Non-cash purchase of property and equipment 17 13 21
Non-cash share based compensation recharge     162
Dividend Note with related party   3,500  
Dividend Note contribution from related party   (2,600)  
Unpaid offering costs   2  
Tax sharing agreement with Parent 3 34  
Supplemental cash flow information:      
Cash received (paid) for income taxes, net of refunds (64) (57) $ (44)
Interest paid to related party   $ (6)  
Interest received from related party $ 16