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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
May 31, 2019
May 31, 2018
May 31, 2017
Cash flows from operating activities:      
Net income $ 11,083 $ 3,587 $ 9,452
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,230 1,165 1,000
Amortization of intangible assets 1,689 1,620 1,451
Allowances for doubtful accounts receivable 190 146 129
Deferred income taxes (1,191) (847) (440)
Stock-based compensation 1,653 1,607 1,350
Other, net 157 (27) 126
Changes in operating assets and liabilities, net of effects from acquisitions:      
(Increase) decrease in trade receivables, net (272) 267 (67)
Decrease (increase) in prepaid expenses and other assets 261 (258) (384)
(Decrease) increase in accounts payable and other liabilities (102) (260) 230
(Decrease) increase in income taxes payable (453) 8,150 732
Increase in deferred revenues 306 236 547
Net cash provided by operating activities 14,551 15,386 14,126
Cash flows from investing activities:      
Purchases of marketable securities and other investments (1,400) (25,282) (25,867)
Proceeds from maturities of marketable securities and other investments 12,681 20,372 15,186
Proceeds from sales of marketable securities 17,299 2,745 2,429
Acquisitions, net of cash acquired (363) (1,724) (11,221)
Capital expenditures (1,660) (1,736) (2,021)
Net cash provided by (used for) investing activities 26,557 (5,625) (21,494)
Cash flows from financing activities:      
Payments for repurchases of common stock (36,140) (11,347) (3,561)
Proceeds from issuances of common stock 2,155 2,402 2,181
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards (503) (506) (283)
Payments of dividends to stockholders (2,932) (3,140) (2,631)
Proceeds from borrowings, net of issuance costs 0 12,443 17,732
Repayments of borrowings (4,500) (9,800) (4,094)
Other, net (136) (34) (258)
Net cash (used for) provided by financing activities (42,056) (9,982) 9,086
Effect of exchange rate changes on cash and cash equivalents (158) 57 (86)
Net (decrease) increase in cash and cash equivalents (1,106) (164) 1,632
Cash and cash equivalents at beginning of period 21,620 21,784 20,152
Cash and cash equivalents at end of period 20,514 21,620 21,784
Non-cash investing and financing transactions:      
Fair values of restricted stock-based awards and stock options assumed in connection with acquisitions 8 3 90
Change in unsettled repurchases of common stock (140) 154 (69)
Change in unsettled investment purchases 0 (303) 73
Supplemental schedule of cash flow data:      
Cash paid for income taxes 2,901 1,562 1,983
Cash paid for interest $ 2,059 $ 1,910 $ 1,612