XML 39 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Sep. 01, 2022
Sep. 02, 2021
Sep. 03, 2020
Cash flows from operating activities      
Net income $ 8,687 $ 5,861 $ 2,710
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense and amortization of intangible assets 7,116 6,214 5,650
Stock-based compensation 514 378 328
(Gain) loss on debt repurchases and conversions 83 1 (40)
Restructure and asset impairments 44 454 40
Change in operating assets and liabilities:      
Receivables 190 (1,446) (723)
Inventories (2,179) 866 (435)
Accounts payable and accrued expenses 744 210 725
Other (18) (70) 51
Net cash provided by operating activities 15,181 12,468 8,306
Cash flows from investing activities      
Expenditures for property, plant, and equipment (12,067) (10,030) (8,223)
Purchases of available-for-sale securities (1,770) (3,163) (1,857)
Proceeds from maturities of available-for-sale securities 1,321 1,250 814
Proceeds from sale of Lehi, Utah fab 888 0 0
Proceeds from sales of available-for-sale securities 294 856 1,458
Proceeds from government incentives 115 495 262
Other (366) 3 (43)
Net cash provided by (used for) investing activities (11,585) (10,589) (7,589)
Cash flows from financing activities      
Repurchases of common stock - repurchase program (2,432) (1,200) (176)
Repayments of debt (2,032) (1,520) (4,366)
Payments of dividends to shareholders (461) 0 0
Payments on equipment purchase contracts (141) (295) (63)
Repurchases of common stock - withholdings on employee equity awards (125) (94) (75)
Acquisition of noncontrolling interest in IMFT 0 0 (744)
Proceeds from issuance of debt 2,000 1,188 5,000
Other 211 140 107
Net cash provided by (used for) financing activities (2,980) (1,781) (317)
Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash (106) 41 11
Net increase (decrease) in cash, cash equivalents, and restricted cash 510 139 411
Cash, cash equivalents, and restricted cash at beginning of period 7,829 7,690 7,279
Cash, cash equivalents, and restricted cash at end of period 8,339 7,829 7,690
Supplemental disclosures      
Income taxes paid, net (493) (361) (167)
Interest paid, net of amounts capitalized (154) (171) (165)
Capital Expenditures Incurred on Purchase Contracts Not Yet Paid $ 157 $ 289 $ 171