XML 26 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2017
Sep. 24, 2016
Sep. 26, 2015
Statement of Cash Flows [Abstract]      
Cash and cash equivalents, beginning of the year $ 20,484 $ 21,120 $ 13,844
Operating activities:      
Net income 48,351 45,687 53,394
Adjustments to reconcile net income to cash generated by operating activities:      
Depreciation and amortization 10,157 10,505 11,257
Share-based compensation expense 4,840 4,210 3,586
Deferred income tax expense 5,966 4,938 1,382
Other (166) 486 385
Changes in operating assets and liabilities:      
Accounts receivable, net (2,093) 527 417
Inventories (2,723) 217 (238)
Vendor non-trade receivables (4,254) (51) (3,735)
Other current and non-current assets (5,318) 1,055 (283)
Accounts payable 9,618 1,837 5,001
Deferred revenue (626) (1,554) 1,042
Other current and non-current liabilities (154) (2,033) 9,058
Cash generated by operating activities 63,598 65,824 81,266
Investing activities:      
Purchases of marketable securities (159,486) (142,428) (166,402)
Proceeds from maturities of marketable securities 31,775 21,258 14,538
Proceeds from sales of marketable securities 94,564 90,536 107,447
Payments made in connection with business acquisitions, net (329) (297) (343)
Payments for acquisition of property, plant and equipment (12,451) (12,734) (11,247)
Payments for acquisition of intangible assets (344) (814) (241)
Payments for strategic investments, net (395) (1,388) 0
Other 220 (110) (26)
Cash used in investing activities (46,446) (45,977) (56,274)
Financing activities:      
Proceeds from issuance of common stock 555 495 543
Excess tax benefits from equity awards 627 407 749
Payments for taxes related to net share settlement of equity awards (1,874) (1,570) (1,499)
Payments for dividends and dividend equivalents 12,769 12,150 11,561
Repurchases of common stock (32,900) (29,722) (35,253)
Proceeds from issuance of term debt, net 28,662 24,954 27,114
Repayments of term debt (3,500) (2,500) 0
Change in commercial paper, net 3,852 (397) 2,191
Cash used in financing activities (17,347) (20,483) (17,716)
Increase/(Decrease) in cash and cash equivalents (195) (636) 7,276
Cash and cash equivalents, end of the year 20,289 20,484 21,120
Supplemental cash flow disclosure:      
Cash paid for income taxes, net 11,591 10,444 13,252
Cash paid for interest $ 2,092 $ 1,316 $ 514