Browse Earnings Releases:

Earnings Release FY21 Q2

TablePower BI

Cash Flows Statements

(In millions) (Unaudited)

Three Months Ended
December 31,
Six Months Ended
December 31,
2020 2019 2020 2019
Operations
Net income
$ 15,463
$ 11,649
$ 29,356
$ 22,327
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other
2,761
3,203
5,406
6,174
Stock-based compensation expense
1,566
1,340
3,022
2,602
Net recognized gains on investments and derivatives
(354)
(203)
(482)
(192)
Deferred income taxes
(17)
(53)
(28)
(230)
Changes in operating assets and liabilities:
Accounts receivable
(4,008)
(4,203)
4,835
5,887
Inventories
788
799
(20)
238
Other current assets
730
165
676
(273)
Other long-term assets
(1,499)
(517)
(1,561)
(850)
Accounts payable
33
(7)
348
(554)
Unearned revenue
(3,227)
(2,936)
(6,291)
(5,828)
Income taxes
(2,368)
(471)
(3,351)
(3,807)
Other current liabilities
1,755
1,489
(1,196)
(1,831)
Other long-term liabilities
893
425
1,137
835
Net cash from operations
12,516
10,680
31,851
24,498
Financing
Repayments of debt
(3,250)
(18)
(3,250)
(2,518)
Common stock issued
302
234
847
661
Common stock repurchased
(6,535)
(5,206)
(13,278)
(10,118)
Common stock cash dividends paid
(4,230)
(3,886)
(8,086)
(7,396)
Other, net
79
(39)
(156)
247
Net cash used in financing
(13,634)
(8,915)
(23,923)
(19,124)
Investing
Additions to property and equipment
(4,174)
(3,545)
(9,081)
(6,930)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets
(415)
(80)
(896)
(542)
Purchases of investments
(15,092)
(19,011)
(29,672)
(42,401)
Maturities of investments
15,264
11,230
29,530
30,312
Sales of investments
2,421
5,370
4,835
11,749
Other, net
327
0
(1,756)
0
Net cash used in investing
(1,669)
(6,036)
(7,040)
(7,812)
Effect of foreign exchange rates on cash and cash equivalents
14
18
(32)
(54)
Net change in cash and cash equivalents
(2,773)
(4,253)
856
(2,492)
Cash and cash equivalents, beginning of period
17,205
13,117
13,576
11,356
Cash and cash equivalents, end of period
$ 14,432
$ 8,864
$ 14,432
$ 8,864
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