Browse Earnings Releases:

Earnings Release FY21 Q3

TablePower BI

Cash Flows Statements

(In millions) (Unaudited)

Three Months Ended
March 31,
Nine Months Ended
March 31,
2021 2020 2021 2020
Operations
Net income
$ 15,457
$ 10,752
$ 44,813
$ 33,079
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other
2,936
3,118
8,342
9,292
Stock-based compensation expense
1,525
1,338
4,547
3,940
Net recognized losses (gains) on investments and derivatives
(351)
52
(833)
(140)
Deferred income taxes
(88)
(206)
(116)
(436)
Changes in operating assets and liabilities:
Accounts receivable
290
891
5,125
6,778
Inventories
(329)
181
(349)
419
Other current assets
478
94
1,154
(179)
Other long-term assets
(885)
124
(2,446)
(726)
Accounts payable
833
546
1,181
(8)
Unearned revenue
(473)
(736)
(6,764)
(6,564)
Income taxes
1,074
765
(2,277)
(3,042)
Other current liabilities
1,590
695
394
(1,136)
Other long-term liabilities
122
(110)
1,259
725
Net cash from operations
22,179
17,504
54,030
42,002
Financing
Cash premium on debt exchange
(1,754)
0
(1,754)
0
Repayments of debt
(500)
(3,000)
(3,750)
(5,518)
Common stock issued
396
342
1,243
1,003
Common stock repurchased
(6,930)
(7,059)
(20,208)
(17,177)
Common stock cash dividends paid
(4,221)
(3,876)
(12,307)
(11,272)
Other, net
(183)
(1,052)
(339)
(805)
Net cash used in financing
(13,192)
(14,645)
(37,115)
(33,769)
Investing
Additions to property and equipment
(5,089)
(3,767)
(14,170)
(10,697)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets
(7,512)
(329)
(8,408)
(871)
Purchases of investments
(18,375)
(15,910)
(48,047)
(58,311)
Maturities of investments
15,016
17,247
44,546
47,559
Sales of investments
5,876
2,810
10,711
14,559
Other, net
400
0
(1,356)
0
Net cash from (used in) investing
(9,684)
51
(16,724)
(7,761)
Effect of foreign exchange rates on cash and cash equivalents
(33)
(64)
(65)
(118)
Net change in cash and cash equivalents
(730)
2,846
126
354
Cash and cash equivalents, beginning of period
14,432
8,864
13,576
11,356
Cash and cash equivalents, end of period
$ 13,702
$ 11,710
$ 13,702
$ 11,710
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.

Download Earnings Related Files

Information contained in these documents is current as of the earnings date, and not restated for new accounting standards