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Earnings Release FY21 Q1

TablePower BI

Cash Flows Statements

(In millions) (Unaudited)

Three Months Ended
September 30,
2020 2019
Operations
Net income
$ 13,893
$ 10,678
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other
2,645
2,971
Stock-based compensation expense
1,456
1,262
Net recognized losses (gains) on investments and derivatives
(128)
11
Deferred income taxes
(11)
(177)
Changes in operating assets and liabilities:
Accounts receivable
8,843
10,090
Inventories
(808)
(561)
Other current assets
(54)
(438)
Other long-term assets
(62)
(333)
Accounts payable
315
(547)
Unearned revenue
(3,064)
(2,892)
Income taxes
(983)
(3,336)
Other current liabilities
(2,951)
(3,320)
Other long-term liabilities
244
410
Net cash from operations
19,335
13,818
Financing
Repayments of debt
0
(2,500)
Common stock issued
545
427
Common stock repurchased
(6,743)
(4,912)
Common stock cash dividends paid
(3,856)
(3,510)
Other, net
(235)
286
Net cash used in financing
(10,289)
(10,209)
Investing
Additions to property and equipment
(4,907)
(3,385)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets
(481)
(462)
Purchases of investments
(14,580)
(23,390)
Maturities of investments
14,266
19,082
Sales of investments
2,414
6,379
Other, net
(2,083)
0
Net cash used in investing
(5,371)
(1,776)
Effect of foreign exchange rates on cash and cash equivalents
(46)
(72)
Net change in cash and cash equivalents
3,629
1,761
Cash and cash equivalents, beginning of period
13,576
11,356
Cash and cash equivalents, end of period
$ 17,205
$ 13,117
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