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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 25, 2026
Jan. 26, 2025
Jan. 28, 2024
Cash flows from operating activities:      
Net income $ 120,067 $ 72,880 $ 29,760
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 6,386 4,737 3,549
Depreciation and amortization 2,843 1,864 1,508
Gains on non-marketable equity securities and publicly-held equity securities, net (8,918) (1,030) (238)
Deferred income taxes (1,424) (4,477) (2,489)
Other (287) (502) (278)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable (15,399) (13,063) (6,172)
Inventories (11,324) (4,781) (98)
Prepaid expenses and other assets 577 (395) (1,522)
Accounts payable 3,096 3,357 1,531
Accrued and other current liabilities 5,257 4,278 2,025
Other long-term liabilities 1,844 1,221 514
Net cash provided by operating activities 102,718 64,089 28,090
Cash flows from investing activities:      
Proceeds from sales of marketable securities 15,157 495 50
Proceeds from maturities of marketable securities 11,226 11,195 9,732
Proceeds from sales of non-marketable equity securities 84 171 1
Purchases of marketable securities (40,616) (26,575) (18,211)
Purchases of non-marketable equity securities (17,502) (1,486) (862)
Groq, Inc. (13,000) 0 0
Purchases related to property and equipment and intangible assets (6,042) (3,236) (1,069)
Acquisitions, net of cash acquired (1,535) (1,007) (83)
Other 0 22 (124)
Net cash used in investing activities (52,228) (20,421) (10,566)
Cash flows from financing activities:      
Proceeds related to employee stock plans 644 490 403
Payments related to repurchases of common stock (40,086) (33,706) (9,533)
Payments related to employee stock plan taxes (7,948) (6,930) (2,783)
Dividends paid (974) (834) (395)
Principal payments on property and equipment and intangible assets (101) (129) (74)
Repayment of debt 0 (1,250) (1,250)
Other (9) 0 (1)
Net cash used in financing activities (48,474) (42,359) (13,633)
Change in cash and cash equivalents 2,016 1,309 3,891
Cash and cash equivalents at beginning of period 8,589 7,280 3,389
Cash and cash equivalents at end of period 10,605 8,589 7,280
Supplemental disclosures of cash flow information:      
Cash paid for income taxes, net $ 20,288 $ 15,118 $ 6,549