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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 28, 2019
Jun. 29, 2018
Jun. 30, 2017
Cash flows from operating activities      
Net income (loss) $ (754) $ 675 $ 397
Adjustments to reconcile net income (loss) to net cash provided by operations:      
Depreciation and amortization 1,812 2,056 2,128
Stock-based compensation 306 377 394
Deferred income taxes 374 (348) 12
Loss on disposal of assets 39 21 18
Write-off of issuance costs and amortization of debt discounts 38 221 285
Cash premium on extinguishment of debt 0 (720) 0
Loss on convertible debt and related instruments 0 0 5
Non-cash portion of employee termination, asset impairment and other charges 0 16 13
Other non-cash operating activities, net (8) (19) 94
Changes in:      
Accounts receivable, net 993 (244) (487)
Inventories (339) (598) (204)
Accounts payable (588) (15) 223
Accounts payable to related parties 72 53 38
Accrued expenses (42) (17) 231
Accrued compensation (135) (26) 115
Other assets and liabilities, net (221) 1,333 175
Net cash provided by operating activities 1,547 4,205 3,437
Cash flows from investing activities      
Purchases of property, plant and equipment (876) (835) (578)
Proceeds from the sale of property, plant and equipment 119 26 21
Acquisitions, net of cash acquired 0 (100) 0
Purchases of investments (79) (89) (281)
Proceeds from sale of investments 175 48 94
Proceeds from maturities of investments 7 19 417
Investments in Flash Ventures 0 0 (20)
Notes receivable issuances to Flash Ventures (1,364) (1,313) (549)
Notes receivable proceeds from Flash Ventures 766 571 292
Strategic investments and other, net (20) 18 (32)
Net cash used in investing activities (1,272) (1,655) (636)
Cash flows from financing activities      
Issuance of stock under employee stock plans 118 220 235
Taxes paid on vested stock awards under employee stock plans (115) (171) (124)
Excess tax benefits from employee stock plans 0 0 119
Proceeds from acquired call option 0 0 61
Settlement of convertible debt 0 0 (492)
Repurchases of common stock (563) (591) 0
Dividends paid to shareholders (584) (593) (574)
Settlement of debt hedge contracts 0 28 (21)
Proceeds from (repayment of) revolving credit facility (500) 500 0
Repayment of debt (181) (17,074) (11,697)
Proceeds from debt 0 13,840 7,908
Debt issuance costs (4) (59) (10)
Net cash used in financing activities (1,829) (3,900) (4,595)
Effect of exchange rate changes on cash 4 1 (3)
Net decrease in cash and cash equivalents (1,550) (1,349) (1,797)
Cash and cash equivalents, beginning of year 5,005 6,354 8,151
Cash and cash equivalents, end of year 3,455 5,005 6,354
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 377 220 184
Cash paid for interest 431 708 777
Shares issued in conjunction with settlement of convertible notes 0 0 16
Shares received in conjunction with assumed call options $ 0 $ 0 $ (11)