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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
May 31, 2020
May 31, 2019
May 31, 2018
Cash flows from operating activities:      
Net income $ 10,135 $ 11,083 $ 3,587
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,382 1,230 1,165
Amortization of intangible assets 1,586 1,689 1,620
Allowances for doubtful accounts receivable 245 190 146
Deferred income taxes (851) (1,191) (847)
Stock-based compensation 1,590 1,653 1,607
Other, net 239 157 (27)
Changes in operating assets and liabilities, net of effects from acquisitions:      
(Increase) decrease in trade receivables, net (690) (272) 267
Decrease (increase) in prepaid expenses and other assets 665 261 (258)
Decrease in accounts payable and other liabilities (496) (102) (260)
(Decrease) increase in income taxes payable (444) (453) 8,150
(Decrease) increase in deferred revenues (222) 306 236
Net cash provided by operating activities 13,139 14,551 15,386
Cash flows from investing activities:      
Purchases of marketable securities and other investments (5,731) (1,400) (25,282)
Proceeds from maturities of marketable securities and other investments 4,687 12,681 20,372
Proceeds from sales of marketable securities 12,575 17,299 2,745
Acquisitions, net of cash acquired (124) (363) (1,724)
Capital expenditures (1,564) (1,660) (1,736)
Net cash provided by (used for) investing activities 9,843 26,557 (5,625)
Cash flows from financing activities:      
Payments for repurchases of common stock (19,240) (36,140) (11,347)
Proceeds from issuances of common stock 1,588 2,155 2,402
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards (665) (503) (506)
Payments of dividends to stockholders (3,070) (2,932) (3,140)
Proceeds from borrowings, net of issuance costs 19,888 0 12,443
Repayments of borrowings (4,500) (4,500) (9,800)
Other, net (133) (136) (34)
Net cash used for financing activities (6,132) (42,056) (9,982)
Effect of exchange rate changes on cash and cash equivalents (125) (158) 57
Net increase (decrease) in cash and cash equivalents 16,725 (1,106) (164)
Cash and cash equivalents at beginning of period 20,514 21,620 21,784
Cash and cash equivalents at end of period 37,239 20,514 21,620
Non-cash investing and financing activities:      
Fair values of stock awards assumed in connection with acquisitions 0 8 3
Change in unsettled repurchases of common stock (40) (140) 154
Change in unsettled investment purchases 0 0 (303)
Supplemental schedule of cash flow data:      
Cash paid for income taxes 3,218 2,901 1,562
Cash paid for interest $ 1,972 $ 2,059 $ 1,910