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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 27, 2018
Apr. 28, 2017
Apr. 29, 2016
Operating Activities:      
Net income $ 3,095 $ 4,024 $ 3,538
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,644 2,917 2,820
Amortization of debt premium, discount, and issuance costs (13) 11 29
Acquisition-related items (31) (46) 218
Provision for doubtful accounts 52 39 49
Deferred income taxes (919) (459) (460)
Stock-based compensation 344 348 375
Loss on debt extinguishment 38 0 163
Gain on sale of businesses (697) 0 0
Investment loss 227 0 70
Other, net 117 (93) (181)
Change in operating assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable, net (275) (75) (435)
Inventories, net (192) (227) (186)
Accounts payable and accrued liabilities 65 356 (379)
Other operating assets and liabilities 229 85 (403)
Net cash provided by operating activities 4,684 6,880 5,218
Investing Activities:      
Acquisitions, net of cash acquired (137) (1,324) (1,213)
Proceeds from sale of businesses 6,058 0 0
Additions to property, plant, and equipment (1,068) (1,254) (1,046)
Purchases of investments (3,200) (4,371) (5,406)
Sales and maturities of investments 4,227 5,356 9,924
Other investing activities, net (22) 22 (14)
Net cash provided by (used in) investing activities 5,858 (1,571) 2,245
Financing Activities:      
Acquisition-related contingent consideration (48) (69) (22)
Change in current debt obligations, net (249) 906 7
Repayment of short-term borrowings (maturities greater than 90 days) (45) (2) (139)
Proceeds from short-term borrowings (maturities greater than 90 days) 1 12 139
Issuance of long-term debt 21 2,140 0
Payments on long-term debt (7,370) (863) (5,132)
Dividends to shareholders (2,494) (2,376) (2,139)
Issuance of ordinary shares 403 428 491
Repurchase of ordinary shares (2,171) (3,544) (2,830)
Other financing activities (2) 85 82
Net cash used in financing activities (11,954) (3,283) (9,543)
Effect of exchange rate changes on cash and cash equivalents 114 65 113
Net change in cash and cash equivalents (1,298) 2,091 (1,967)
Cash and cash equivalents at beginning of period 4,967 2,876 4,843
Cash and cash equivalents at end of period 3,669 4,967 2,876
Cash paid for:      
Income taxes 2,542 1,029 1,379
Interest $ 1,147 $ 1,134 $ 1,266