XML 23 R9.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Apr. 01, 2022
Apr. 02, 2021
Apr. 03, 2020
OPERATING ACTIVITIES:      
Net income $ 836 $ 554 $ 3,887
Adjustments:      
Amortization and depreciation 140 150 361
Impairments and write-offs of current and long-lived assets 13 90 74
Stock-based compensation expense 70 81 312
Deferred income taxes (81) 42 16
Loss (gain) on extinguishment of debt 3 (20) 0
Loss from equity interest 0 0 31
Gain on divestitures 0 0 (5,684)
Gain on sale of equity method investment 0 0 (379)
Gain on sale of property (175) (98) 0
Non-cash operating lease expense 20 22 40
Other 1 52 (4)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net (9) 3 583
Accounts payable 10 (44) (61)
Accrued compensation and benefits (26) (10) (117)
Contract liabilities 67 118 (121)
Income taxes payable (78) (299) 383
Other assets (7) 144 (81)
Other liabilities 190 (79) (101)
Net cash provided by (used in) operating activities 974 706 (861)
INVESTING ACTIVITIES:      
Purchases of property and equipment (6) (6) (89)
Payments for acquisitions, net of cash acquired (39) (344) 0
Proceeds from divestitures, net of cash contributed and transaction costs 0 0 10,918
Proceeds from the maturities and sales of short-term investments 15 68 167
Proceeds from the sale of property 355 218 0
Proceeds from sale of equity method investment 0 0 380
Other 1 (5) 3
Net cash provided by (used in) investing activities 326 (69) 11,379
FINANCING ACTIVITIES:      
Repayments of debt and related equity component (541) (1,941) (868)
Proceeds from issuance of debt, net of issuance costs 512 750 300
Net proceeds from sales of common stock under employee stock incentive plans 14 24 123
Tax payments related to restricted stock units (15) (58) (78)
Dividends and dividend equivalents paid (303) (373) (7,481)
Repurchases of common stock 0 (304) (1,581)
Cash consideration paid in exchange of convertible debt 0 0 (546)
Short-swing profit disgorgement 0 0 9
Other 0 (1) (1)
Net cash provided by (used in) financing activities (333) (1,903) (10,123)
Effect of exchange rate fluctuations on cash and cash equivalents (13) 22 (9)
Change in cash and cash equivalents 954 (1,244) 386
Beginning cash and cash equivalents 933 2,177 1,791
Ending cash and cash equivalents $ 1,887 $ 933 $ 2,177