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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Oct. 01, 2021
Oct. 02, 2020
Cash flows from operating activities    
Net income (loss) $ 610 $ (60)
Adjustments to reconcile net income (loss) to net cash provided by operations:    
Depreciation and amortization 250 374
Stock-based compensation 76 76
Deferred income taxes 27 11
Loss on disposal of assets 0 1
Amortization of debt discounts 10 10
Other non-cash operating activities, net (12) (6)
Changes in:    
Accounts receivable, net (188) 282
Inventories 73 (285)
Accounts payable (41) 99
Accounts payable to related parties (20) (3)
Accrued expenses (36) (23)
Accrued compensation (67) 26
Other assets and liabilities, net (161) (139)
Net cash provided by operating activities 521 363
Cash flows from investing activities    
Purchases of property, plant and equipment (245) (337)
Proceeds from the sale of property, plant and equipment 0 7
Notes receivable issuances to Flash Ventures (165) (114)
Notes receivable proceeds from Flash Ventures 113 277
Strategic investments and other, net (15) 1
Net cash used in investing activities (312) (166)
Cash flows from financing activities    
Issuance of stock under employee stock plans 2 1
Taxes paid on vested stock awards under employee stock plans (78) (41)
Repayment of debt (213) (213)
Net cash used in financing activities (289) (253)
Effect of exchange rate changes on cash 0 3
Net decrease in cash and cash equivalents (80) (53)
Cash and cash equivalents, beginning of year 3,370 3,048
Cash and cash equivalents, end of period 3,290 2,995
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 221 144
Cash paid for interest $ 99 $ 104