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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
May 31, 2026
May 31, 2025
May 31, 2024
Cash flows from operating activities:      
Net income $ 17,087 $ 12,443 $ 10,467
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 7,623 3,867 3,129
Amortization of intangible assets 1,671 2,307 3,010
Deferred income taxes (917) (1,637) (2,139)
Stock-based compensation 4,811 4,674 3,974
Gains from investments and other, net (2,433) 667 720
Changes in operating assets and liabilities:      
Increase in trade receivables, net (2,190) (653) (965)
Decrease in prepaid expenses and other assets 2,179 266 542
Decrease in accounts payable and other liabilities (240) (608) (594)
Decrease in income taxes payable (256) (659) (127)
Increase in deferred revenues from customer prepayments with significant financing component 4,592 0 0
Increase in other deferred revenues 50 154 656
Net cash provided by operating activities 31,977 20,821 18,673
Cash flows from investing activities:      
Purchases of marketable securities and other investments and acquisitions (2,039) (1,272) (1,066)
Proceeds from sales and maturities of marketable securities and other investments 5,848 776 572
Capital expenditures (55,663) (21,215) (6,866)
Net cash used for investing activities (51,854) (21,711) (7,360)
Cash flows from financing activities:      
Proceeds from issuances of common stock 1,449 653 742
Payments for repurchases of common stock (95) (600) (1,202)
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards (111) (900) (2,040)
Proceeds from issuances of mandatory convertible preferred stock, net of issuance costs 4,954 0 0
Payments of dividends to stockholders (5,787) (4,743) (4,391)
(Repayments of) proceeds from issuances of commercial paper, net (2,285) 1,889 (167)
Proceeds from short-term financing related to capital expenditures, net 3,345 1,422 0
Proceeds from issuances of senior notes, term loan credit agreements and other borrowings, net of issuance costs 46,093 19,548 0
Repayments of senior notes, term loan credit agreements and other borrowings (6,942) (15,841) (3,500)
Other financing activities, net (337) (330) 4
Net cash provided by (used for) financing activities 40,284 1,098 (10,554)
Effect of exchange rate changes on cash and cash equivalents 96 124 (70)
Net increase in cash and cash equivalents 20,503 332 689
Cash and cash equivalents at beginning of period 10,786 10,454 9,765
Cash and cash equivalents at end of period 31,289 10,786 10,454
Non-cash investing activities:      
Unpaid capital expenditures 5,279 2,970 1,637
Supplemental schedule of cash flow data:      
Cash paid for income taxes 3,704 4,020 3,560
Cash paid for interest $ 3,896 $ 3,374 $ 3,655