XML 38 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Cash flows from operating activities:    
Net income $ 7,019 $ 7,343
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,025 900
Amortization of intangible assets 1,221 1,265
Deferred income taxes (398) (741)
Stock-based compensation 1,204 1,259
Other, net 167 144
Changes in operating assets and liabilities, net of effects from acquisitions:    
Decrease in trade receivables, net 946 1,106
Decrease in prepaid expenses and other assets 718 168
Decrease in accounts payable and other liabilities (1,035) (647)
Decrease in income taxes payable (789) (410)
Decrease in deferred revenues (553) (258)
Net cash provided by operating activities 9,525 10,129
Cash flows from investing activities:    
Purchases of marketable securities and other investments (399) (1,310)
Proceeds from maturities of marketable securities and other investments 3,165 10,210
Proceeds from sales of marketable securities 12,575 11,328
Acquisitions, net of cash acquired (111) (330)
Capital expenditures (1,131) (1,247)
Net cash provided by investing activities 14,099 18,651
Cash flows from financing activities:    
Payments for repurchases of common stock (13,935) (29,887)
Proceeds from issuances of common stock 1,232 1,468
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards (624) (455)
Payments of dividends to stockholders (2,330) (2,126)
Repayments of borrowings (4,500) (4,500)
Other, net (108) (95)
Net cash used for financing activities (20,265) (35,595)
Effect of exchange rate changes on cash and cash equivalents (44) (85)
Net increase (decrease) in cash and cash equivalents 3,315 (6,900)
Cash and cash equivalents at beginning of period 20,514 21,620
Cash and cash equivalents at end of period 23,829 14,720
Non-cash investing and financing transactions:    
Fair values of stock awards assumed in connection with acquisitions 0 8
Change in unsettled repurchases of common stock 65 114
Change in unsettled investment sales $ 0 $ (168)