|
 |
CASH FLOWS STATEMENTS
| (In millions) |
| Year Ended June 30 |
2002(1) |
|
2003(1) |
|
2004 |
| |
| Operations |
| Net income |
$1(5,355) |
|
$1(7,531) |
|
$18,168) |
| Depreciation, amortization, and other noncash items |
938) |
|
1,393) |
|
1,186) |
| Stock-based compensation |
3,784) |
|
3,749) |
|
5,734) |
| Net recognized (gains)/losses on investments |
2,424) |
|
380) |
|
(1,296) |
| Stock option income tax benefits |
1,596) |
|
1,365) |
|
1,100) |
| Deferred income taxes |
(1,580) |
|
(894) |
|
(1,479) |
| Unearned revenue |
11,152) |
|
12,519) |
|
11,777) |
| Recognition of unearned revenue |
(8,929) |
|
(11,292) |
|
(12,527) |
| Accounts receivable |
(1,623) |
|
187) |
|
(687) |
| Other current assets |
(264) |
|
412) |
|
478) |
| Other long-term assets |
(9) |
|
(28) |
|
34 |
| Other current liabilities |
1,449) |
|
35) |
|
2,063) |
| Other long-term liabilities |
216) |
|
440) |
|
75) |
| Net cash from operations |
14,509) |
|
15,797) |
|
14,626) |
| Financing |
| Common stock issued |
1,497) |
|
2,120) |
|
2,748) |
| Common stock repurchased |
(6,069) |
|
(6,486) |
|
(3,383) |
| Common stock dividend |
-) |
|
(857) |
|
(1,729) |
| Net cash used for financing |
(4,572) |
|
(5,223) |
|
(2,364) |
| Investing |
| Additions to property and equipment |
(770) |
|
(891) |
|
(1,109) |
| Acquisition of companies, net of cash acquired |
-) |
|
(1,063) |
|
(4) |
| Purchases of investments |
(89,386) |
|
(89,621) |
|
(92,495) |
| Maturities of investments |
8,654) |
|
9,205) |
|
5,561) |
| Sales of investments |
70,657) |
|
75,157) |
|
85,302) |
| Net cash used for investing |
(10,845) |
|
(7,213) |
|
(2,745) |
| Net change in cash and equivalents |
(908) |
|
3,361) |
|
9,517) |
| Effect of exchange rates on cash and equivalents |
2) |
|
61) |
|
27) |
| Cash and equivalents, beginning of period |
3,922) |
|
3,016) |
|
6,438) |
| Cash and equivalents, end of period |
$1(3,016) |
|
$1(6,438) |
|
$15,982) |
  
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|
