Browse Earnings Releases:

Earnings Release FY20 Q3

TablePower BI

Cash Flows Statements

(In millions) (Unaudited)

Three Months Ended
March 31,
Nine Months Ended
March 31,
2020 2019 2020 2019
Operations
Net income
$ 10,752
$ 8,809
$ 33,079
$ 26,053
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other
3,118
2,926
9,292
8,758
Stock-based compensation expense
1,338
1,172
3,940
3,462
Net recognized losses (gains) on investments and derivatives
52
(95)
(140)
(470)
Deferred income taxes
(206)
(320)
(436)
(740)
Changes in operating assets and liabilities:
Accounts receivable
891
460
6,778
7,258
Inventories
181
12
419
710
Other current assets
94
(14)
(179)
(864)
Other long-term assets
124
(517)
(726)
(969)
Accounts payable
546
(197)
(8)
(1,032)
Unearned revenue
(736)
20
(6,564)
(4,543)
Income taxes
765
276
(3,042)
(879)
Other current liabilities
695
649
(1,136)
(1,017)
Other long-term liabilities
(110)
339
725
350
Net cash from operations
17,504
13,520
42,002
36,077
Financing
Repayments of debt
(3,000)
0
(5,518)
(3,000)
Common stock issued
342
274
1,003
834
Common stock repurchased
(7,059)
(4,753)
(17,177)
(14,910)
Common stock cash dividends paid
(3,876)
(3,526)
(11,272)
(10,290)
Other, net
(1,052)
404
(805)
(835)
Net cash used in financing
(14,645)
(7,601)
(33,769)
(28,201)
Investing
Additions to property and equipment
(3,767)
(2,565)
(10,697)
(9,874)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets
(329)
(269)
(871)
(2,107)
Purchases of investments
(15,910)
(5,846)
(58,311)
(42,255)
Maturities of investments
17,247
5,893
47,559
14,889
Sales of investments
2,810
1,424
14,559
30,831
Net cash from (used in) investing
51
(1,363)
(7,761)
(8,516)
Effect of foreign exchange rates on cash and cash equivalents
(64)
18
(118)
(94)
Net change in cash and cash equivalents
2,846
4,574
354
(734)
Cash and cash equivalents, beginning of period
8,864
6,638
11,356
11,946
Cash and cash equivalents, end of period
$ 11,710
$ 11,212
$ 11,710
$ 11,212
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