XML 46 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Dec. 29, 2017
Dec. 30, 2016
OPERATING ACTIVITIES:    
Net income $ 1,197 $ 37
Income from discontinued operations, net of income taxes (12) (96)
Adjustments to continuing operating activities:    
Depreciation and amortization, including debt issuance costs and discounts 526 356
Stock-based compensation expense 448 231
Deferred income taxes (1,821) 33
Gain on divestiture (658) 0
Other 43 43
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable, net (38) 114
Accounts payable 5 (72)
Accrued compensation and benefits (53) (10)
Deferred revenue 187 (71)
Income taxes 945 (981)
Other assets (3) 16
Other liabilities (85) (60)
Net cash provided by (used in) continuing operating activities 681 (460)
Net cash provided by (used in) discontinued operating activities 3 (104)
Net cash provided by (used in) operating activities 684 (564)
INVESTING ACTIVITIES:    
Additions to property and equipment (105) (57)
Payments for acquisitions, net of cash acquired (402) (4,533)
Purchases of short-term investments (408) 0
Proceeds from maturities and sales of short-term investments 25 31
Proceeds from divestitures, net of cash contributed 946 7
Other (20) 2
Net cash provided by (used in) investing activities 36 (4,550)
FINANCING ACTIVITIES:    
Repayments of debt and other obligations (2,640) (62)
Proceeds from issuance of debt, net of issuance costs 0 4,993
Net proceeds from sales of common stock under employee stock benefit plans 83 53
Tax payments related to restricted stock units (97) (50)
Dividends and dividend equivalents paid (163) (173)
Payment for dissenting LifeLock shareholder settlement (68) 0
Other 0 10
Net cash provided by (used in) financing activities (2,885) 4,771
Effect of exchange rate fluctuations on cash and cash equivalents 60 (65)
Change in cash and cash equivalents (2,105) (408)
Beginning cash and cash equivalents 4,247 5,983
Ending cash and cash equivalents 2,142 5,575
Supplemental disclosure of cash flow information    
Income taxes paid, net of refunds $ 200 $ 1,044