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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
May 01, 2020
May 03, 2019
[2]
Operating activities:    
Net income $ 386 $ 365 [1],[3]
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 244 201
Stock-based compensation 272 216
Deferred income taxes, net (98) (18)
Unrealized (gain) loss on equity securities, net (6) 3
(Gain) loss on disposition of assets, revaluation and impairment, net 6 (5)
Other (4) 1
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 352 438
Other current assets and other assets (171) (125)
Due to/from related parties, net 690 614
Accounts payable (10) 16
Accrued expenses and other liabilities (249) (356)
Income taxes payable 15 (45)
Unearned revenue (53) 90
Net cash provided by operating activities 1,374 1,395
Investing activities:    
Additions to property and equipment (87) (73)
Purchases of strategic investments (5) 0
Proceeds from disposition of assets 4 22
Business combinations, net of cash acquired, and purchases of intangible assets (38) (45)
Net cash paid on disposition of a business 0 (4)
Net cash used in investing activities (126) (100)
Financing activities:    
Proceeds from issuance of common stock 106 134
Net proceeds from issuance of long-term debt 1,984 0
Repurchase of common stock (181) (591)
Shares repurchased for tax withholdings on vesting of restricted stock (115) (204)
Principal payments on finance lease obligations (1) 0
Net cash provided by (used in) financing activities 1,793 (661)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1) 0
Net increase in cash, cash equivalents and restricted cash 3,040 634
Cash, cash equivalents and restricted cash at beginning of the period 3,031 3,596
Cash, cash equivalents and restricted cash at end of the period 6,071 4,230
Supplemental disclosures of cash flow information:    
Cash paid for interest 74 62
Cash paid for taxes, net 76 88
Non-cash items:    
Changes in capital additions, accrued but not paid $ (7) $ 3
[1] Adjusted to reflect the recast of prior period information due to the Pivotal Software, Inc. (“Pivotal”) acquisition in fiscal 2020, which was accounted for as a transaction between entities under common control (refer to Note A).
[2] Adjusted to reflect the recast of prior period information due to the Pivotal acquisition in fiscal 2020, which was accounted for as a transaction between entities under common control (refer to Note A).
[3] Adjusted to reflect the recast of prior period information due to the Pivotal acquisition in fiscal 2020, which was accounted for as a transaction between entities under common control (refer to Note A).