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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 28, 2017
Apr. 29, 2016
Apr. 24, 2015
Operating Activities:      
Net income $ 4,024 $ 3,538 $ 2,675
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,917 2,820 1,306
Amortization of debt discount and issuance costs 11 29 76
Acquisition-related items (46) 218 634
Provision for doubtful accounts 39 49 35
Deferred income taxes (459) (460) (926)
Stock-based compensation 348 375 439
Loss on debt extinguishment 0 163 0
Other, net (93) (111) (134)
Change in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net (75) (435) (413)
Inventories, net (227) (186) (282)
Accounts payable and accrued liabilities 356 (379) 849
Other operating assets and liabilities 85 (403) 643
Net cash provided by operating activities 6,880 5,218 4,902
Investing Activities:      
Acquisitions, net of cash acquired (1,324) (1,213) (14,884)
Additions to property, plant, and equipment (1,254) (1,046) (571)
Purchases of investments (4,371) (5,406) (7,582)
Sales and maturities of investments 5,356 9,924 5,890
Other investing activities, net 22 (14) 89
Net cash (used in) provided by investing activities (1,571) 2,245 (17,058)
Financing Activities:      
Acquisition-related contingent consideration (69) (22) (85)
Change in current debt obligations, net 906 7 (1)
Repayment of short-term borrowings (maturities greater than 90 days) (2) (139) (150)
Proceeds from short-term borrowings (maturities greater than 90 days) 12 139 150
Issuance of long-term debt 2,140 0 19,942
Payments on long-term debt (863) (5,132) (1,268)
Dividends to shareholders (2,376) (2,139) (1,337)
Issuance of ordinary shares 428 491 649
Repurchase of ordinary shares (3,544) (2,830) (1,920)
Other financing activities 85 82 (31)
Net cash (used in) provided by financing activities (3,283) (9,543) 15,949
Effect of exchange rate changes on cash and cash equivalents 65 113 (353)
Net change in cash and cash equivalents 2,091 (1,967) 3,440
Cash and cash equivalents at beginning of period 2,876 4,843 1,403
Cash and cash equivalents at end of period 4,967 2,876 4,843
Cash paid for:      
Income taxes 1,029 1,379 632
Interest $ 1,134 $ 1,266 $ 578