Browse Earnings Releases:

Earnings Release FY20 Q4

TablePower BI

Cash Flows Statements

(In millions)

Year Ended June 30,
2020 2019 2018
Operations
Net income
$ 44,281
$ 39,240
$ 16,571
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other
12,796
11,682
10,261
Stock-based compensation expense
5,289
4,652
3,940
Net recognized gains on investments and derivatives
(219)
(792)
(2,212)
Deferred income taxes
11
(6,463)
(5,143)
Changes in operating assets and liabilities:
Accounts receivable
(2,577)
(2,812)
(3,862)
Inventories
168
597
(465)
Other current assets
(2,330)
(1,718)
(952)
Other long-term assets
(1,037)
(1,834)
(285)
Accounts payable
3,018
232
1,148
Unearned revenue
2,212
4,462
5,922
Income taxes
(3,631)
2,929
18,183
Other current liabilities
1,346
1,419
798
Other long-term liabilities
1,348
591
(20)
Net cash from operations
60,675
52,185
43,884
Financing
Repayments of short-term debt, maturities of 90 days or less, net
0
0
(7,324)
Proceeds from issuance of debt
0
0
7,183
Cash premium on debt exchange
(3,417)
0
0
Repayments of debt
(5,518)
(4,000)
(10,060)
Common stock issued
1,343
1,142
1,002
Common stock repurchased
(22,968)
(19,543)
(10,721)
Common stock cash dividends paid
(15,137)
(13,811)
(12,699)
Other, net
(334)
(675)
(971)
Net cash used in financing
(46,031)
(36,887)
(33,590)
Investing
Additions to property and equipment
(15,441)
(13,925)
(11,632)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets
(2,521)
(2,388)
(888)
Purchases of investments
(77,190)
(57,697)
(137,380)
Maturities of investments
66,449
20,043
26,360
Sales of investments
17,721
38,194
117,577
Other, net
(1,241)
0
(98)
Net cash used in investing
(12,223)
(15,773)
(6,061)
Effect of foreign exchange rates on cash and cash equivalents
(201)
(115)
50
Net change in cash and cash equivalents
2,220
(590)
4,283
Cash and cash equivalents, beginning of period
11,356
11,946
7,663
Cash and cash equivalents, end of period
$ 13,576
$ 11,356
$ 11,946
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