1. Identify the amount of operating cash flows and indicate if it is positive or negative
2. Compare operating cash flows to net income
3. Identify if the investing cash flows generated or used cash
4. Identify if the financing cash flows generated or used cash
5. Calculate market capitalization
6. Compare market capitalization to book value

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions 12 Months Ended Sep. 28, Sep. 26, Sep. 29, $ 50,224 $ 25,913 $ 20,289 57,411 55,256 59,531 Statement of Cash Flows [Abstract] Cash, cash equivalents and restricted cash, beginning balances Operating activities: Net income Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Deferred income tax benefit Other 11,056 6,829 (215) (97) 12,547 6,068 (340) (652) 10,903 5,340 (32,590) (444) Changes in operating assets and liabilities: Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by operating activities 6,917 (127) 1,553 (9,588) (4,062) 2,081 8,916 80,674 245 (289) 2,931 873 (1,923) (625) (4,700) 69,391 (5,322) 828 (8,010) (423) 9,175 (3) 38,449 77,434 Investing activities: Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments for acquisition of property, plant and equipment Payments made in connection with business acquisitions, net Purchases of non-marketable securities Proceeds from non-marketable securities Other Cash generated by/(used in) investing activities (114,938) 69,918 50,473 (7,309) (1,524) (210) 92 (791) (4,289) (39,630) 40,102 56,988 (10,495) (624) (1,001) 1,634 (1,078) 45,896 (71,356) 55,881 47,838 (13,313) (721) (1,871) 353 (745) 16,066 Financing activities: Proceeds from issuance of common stock Payments for taxes related to net share settlement of equity awards Payments for dividends and dividend equivalents Repurchases of common stock Proceeds from issuance of term debt, net Repayments of term debt Repayments of commercial paper, net Other Cash used in financing activities Increase/(Decrease) in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, ending balances 880 (3,634) (14,081) (72,358) 16,091 (12,629) (963) (126) (86,820) (10,435) 39,789 781 (2,817) (14,119) (66,897) 6,963 (8,805) (5,977) (105) (90,976) 24,311 50,224 669 (2,527) (13,712) (72,738) 6,969 (6,500) (37) 0 (87,876) 5,624 25,913 Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest 9,501 $ 3,002 15,263 $ 3,423 10,417 $ 3,022