Browse Earnings Releases:

Earnings Release FY20 Q2

TablePower BI

Cash Flows Statements

(In millions) (Unaudited) Three Months Ended
December 31,
Six Months Ended
December 31,
2019 2018 2019 2018
Operations
Net income
$ 11,649
$ 8,420
$ 22,327
$ 17,244
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other
3,203
2,995
6,174
5,832
Stock-based compensation expense
1,340
1,183
2,602
2,290
Net recognized gains on investments and derivatives
(203)
(135)
(192)
(375)
Deferred income taxes
(53)
(173)
(230)
(420)
Changes in operating assets and liabilities:
Accounts receivable
(4,203)
(2,396)
5,887
6,798
Inventories
799
1,654
238
698
Other current assets
165
(173)
(273)
(850)
Other long-term assets
(517)
(473)
(850)
(452)
Accounts payable
(7)
(440)
(554)
(835)
Unearned revenue
(2,936)
(2,122)
(5,828)
(4,563)
Income taxes
(471)
(64)
(3,807)
(1,155)
Other current liabilities
1,489
656
(1,831)
(1,666)
Other long-term liabilities
425
(32)
835
11
Net cash from operations
10,680
8,900
24,498
22,557
Financing
Repayments of debt
(18)
(3,000)
(2,518)
(3,000)
Common stock issued
234
200
661
560
Common stock repurchased
(5,206)
(6,413)
(10,118)
(10,157)
Common stock cash dividends paid
(3,886)
(3,544)
(7,396)
(6,764)
Other, net
(39)
(459)
247
(1,239)
Net cash used in financing
(8,915)
(13,216)
(19,124)
(20,600)
Investing
Additions to property and equipment
(3,545)
(3,707)
(6,930)
(7,309)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets
(80)
(1,593)
(542)
(1,838)
Purchases of investments
(19,011)
(16,858)
(42,401)
(36,409)
Maturities of investments
11,230
3,782
30,312
8,996
Sales of investments
5,370
14,176
11,749
29,407
Net cash used in investing
(6,036)
(4,200)
(7,812)
(7,153)
Effect of foreign exchange rates on cash and cash equivalents
18
17
(54)
(112)
Net change in cash and cash equivalents
(4,253)
(8,499)
(2,492)
(5,308)
Cash and cash equivalents, beginning of period
13,117
15,137
11,356
11,946
Cash and cash equivalents, end of period
$ 8,864
$ 6,638
$ 8,864
$ 6,638
IMPORTANT NOTICE TO USERS (summary only, click here  for full text of notice); All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our  Forms 10-Q and 10-K.

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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards