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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 31, 2016
Jan. 25, 2015
Jan. 26, 2014
Cash flows from operating activities:      
Net income $ 614 $ 631 $ 440
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 197 220 239
Stock-based compensation expense 204 158 136
Restructuring and other charges 45 0 0
Amortization of debt discount 29 28 5
Net gain on sale and disposal of long-lived assets and investments (6) (17) (8)
Deferred income taxes 134 83 15
Tax benefit from stock-based compensation (10) (18) (26)
Other 19 24 21
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable (32) (49) 29
Inventories 66 (95) 25
Prepaid expenses and other assets (16) 4 12
Accounts payable (11) (27) (20)
Accrued and other current liabilities 39 5 5
Other long-term liabilities 97 41 38
Net cash provided by operating activities 1,175 906 835
Cash flows from investing activities:      
Purchases of marketable securities (3,477) (2,862) (3,066)
Proceeds from sales of marketable securities 2,102 1,372 1,927
Proceeds from maturities of marketable securities 1,036 865 585
Purchases of property and equipment and intangible assets (86) (122) (255)
Proceeds from sale of long-lived assets and investments 7 21 25
Acquisition of businesses, net of cash and cash equivalents 0 0 (17)
Reimbursement of headquarters building development costs from banks 24 0 0
Other (6) (1) (5)
Net cash used in investing activities (400) (727) (806)
Cash flows from financing activities:      
Proceeds from issuance of convertible notes, net 0 0 1,478
Purchase of convertible note hedges 0 0 (167)
Proceeds from the sale of common stock warrants 0 0 59
Proceeds from issuance of common stock under employee stock plans 120 154 69
Payments related to repurchases of common stock (587) (814) (887)
Dividends paid (213) (186) (181)
Tax benefit from stock-based compensation 10 18 26
Payments under capital lease obligations (3) (3) (2)
Other (3) (3) (5)
Net cash (used in) provided by financing activities (676) (834) 390
Change in cash and cash equivalents 99 (655) 419
Cash and cash equivalents at beginning of period 497 1,152 733
Cash and cash equivalents at end of period 596 497 1,152
Supplemental disclosures of cash flow information:      
Cash paid for income taxes, net 14 14 15
Cash paid for interest 17 17 3
Non-cash investing and financing activities:      
Assets acquired by assuming related liabilities 19 10 3
Goodwill adjustment related to previously acquired business $ 0 $ (25) $ 0