XML 22 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
May 31, 2018
May 31, 2017
May 31, 2016
Cash flows from operating activities:      
Net income $ 3,825 $ 9,335 $ 8,901
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,165 1,000 871
Amortization of intangible assets 1,620 1,451 1,638
Allowances for doubtful accounts receivable 146 129 130
Deferred income taxes (611) (486) (105)
Stock-based compensation 1,607 1,350 1,037
Other, net (26) 123 143
Changes in operating assets and liabilities, net of effects from acquisitions:      
(Increase) decrease in trade receivables, net (117) 18 96
Increase in prepaid expenses and other assets (276) (24) (2)
Decrease in accounts payable and other liabilities (264) (37) (13)
Increase in income taxes payable 8,143 732 313
Increase in deferred revenues 174 535 676
Net cash provided by operating activities 15,386 14,126 13,685
Cash flows from investing activities:      
Purchases of marketable securities and other investments (25,282) (25,867) (24,562)
Proceeds from maturities and sales of marketable securities and other investments 23,117 17,615 21,247
Acquisitions, net of cash acquired (1,724) (11,221) (650)
Capital expenditures (1,736) (2,021) (1,189)
Net cash used for investing activities (5,625) (21,494) (5,154)
Cash flows from financing activities:      
Payments for repurchases of common stock (11,347) (3,561) (10,440)
Proceeds from issuances of common stock 2,402 2,181 1,425
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards (506) (283) (89)
Payments of dividends to stockholders (3,140) (2,631) (2,541)
Proceeds from borrowings, net of issuance costs 12,443 17,732 3,750
Repayments of borrowings (9,800) (4,094) (2,000)
Distributions to noncontrolling interests (34) (258) (85)
Net cash (used for) provided by financing activities (9,982) 9,086 (9,980)
Effect of exchange rate changes on cash and cash equivalents 57 (86) (115)
Net (decrease) increase in cash and cash equivalents (164) 1,632 (1,564)
Cash and cash equivalents at beginning of period 21,784 20,152 21,716
Cash and cash equivalents at end of period 21,620 21,784 20,152
Non-cash investing and financing transactions:      
Fair values of restricted stock-based awards and stock options assumed in connection with acquisitions 3 90 1
Change in unsettled repurchases of common stock 154 (69) (1)
Change in unsettled investment purchases (303) 73 (112)
Supplemental schedule of cash flow data:      
Cash paid for income taxes 1,562 1,983 2,331
Cash paid for interest $ 1,910 $ 1,612 $ 1,616