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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jul. 26, 2015
Jul. 27, 2014
Cash flows from operating activities:    
Net income $ 160 $ 265
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 103 111
Stock-based compensation expense 93 74
Restructuring and other charges 32 0
Amortization of debt discount 14 14
Net gain on sale and disposal of long-lived assets and investments (3) (14)
Deferred income taxes 65 38
Tax benefits from stock-based compensation (6) (7)
Other 11 14
Changes in operating assets and liabilities:    
Accounts receivable (41) (46)
Inventories 42 1
Prepaid expenses and other assets (13) 3
Accounts payable (13) (64)
Accrued and other current liabilities 60 (12)
Other long-term liabilities (95) (130)
Net cash provided by operating activities 409 247
Cash flows from investing activities:    
Purchases of marketable securities (1,861) (1,683)
Proceeds from sale of marketable securities 1,415 869
Proceeds from maturities of marketable securities 487 451
Proceeds from sale of long-lived assets and investments 2 21
Reimbursement of headquarters building development costs from banks 24 0
Purchases of property and equipment and intangible assets (54) (52)
Other (1) 0
Net cash provided by (used in) investing activities 12 (394)
Cash flows from financing activities:    
Proceeds from issuance of common stock under employee stock plans 64 98
Payments under capital lease obligations (2) (1)
Tax benefits from stock-based compensation 6 7
Payments for repurchase of common stock (452) (500)
Dividends paid (99) (94)
Net cash used in financing activities (483) (490)
Change in cash and cash equivalents (62) (637)
Cash and cash equivalents at beginning of period 497 1,152
Cash and cash equivalents at end of period 435 515
Other non-cash activity:    
Assets acquired by assuming related liabilities $ 2 $ 6