Earnings Release FY22 Q4

Table Power BI

Cash Flows Statements
(In millions)		Year Ended June 30,
(In millions)		2022	2021	2020
	Operations
	Net income	$ 72,738	$ 61,271	$ 44,281
	Adjustments to reconcile net income to net cash from operations:
	Depreciation, amortization, and other	14,460	11,686	12,796
	Stock-based compensation expense	7,502	6,118	5,289
	Net recognized gains on investments and derivatives	(409)	(1,249)	(219)
	Deferred income taxes	(5,702)	(150)	11
	Changes in operating assets and liabilities:
	Accounts receivable	(6,834)	(6,481)	(2,577)
	Inventories	(1,123)	(737)	168
	Other current assets	(709)	(932)	(2,330)
	Other long-term assets	(2,805)	(3,459)	(1,037)
	Accounts payable	2,943	2,798	3,018
	Unearned revenue	5,109	4,633	2,212
	Income taxes	696	(2,309)	(3,631)
	Other current liabilities	2,344	4,149	1,346
	Other long-term liabilities	825	1,402	1,348
	Net cash from operations	89,035	76,740	60,675
	Financing
	Cash premium on debt exchange	0	(1,754)	(3,417)
	Repayments of debt	(9,023)	(3,750)	(5,518)
	Common stock issued	1,841	1,693	1,343
	Common stock repurchased	(32,696)	(27,385)	(22,968)
	Common stock cash dividends paid	(18,135)	(16,521)	(15,137)
	Other, net	(863)	(769)	(334)
	Net cash used in financing	(58,876)	(48,486)	(46,031)
	Investing
	Additions to property and equipment	(23,886)	(20,622)	(15,441)
	Acquisition of companies, net of cash acquired, and purchases of intangible and other assets	(22,038)	(8,909)	(2,521)
	Purchases of investments	(26,456)	(62,924)	(77,190)
	Maturities of investments	16,451	51,792	66,449
	Sales of investments	28,443	14,008	17,721
	Other, net	(2,825)	(922)	(1,241)
	Net cash used in investing	(30,311)	(27,577)	(12,223)
	Effect of foreign exchange rates on cash and cash equivalents	(141)	(29)	(201)
	Net change in cash and cash equivalents	(293)	648	2,220
	Cash and cash equivalents, beginning of period	14,224	13,576	11,356
	Cash and cash equivalents, end of period	$ 13,931	$ 14,224	$ 13,576

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