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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 29, 2022
Apr. 30, 2021
Apr. 24, 2020
Operating Activities:      
Net income $ 5,062 $ 3,630 $ 4,806
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,707 2,702 2,663
Provision for credit losses 58 128 99
Deferred income taxes (604) (422) (1,315)
Stock-based compensation 359 344 297
Loss on debt extinguishment 0 308 406
Asset impairment charges 515 0 0
Other, net 138 251 217
Change in operating assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable, net (477) (761) 1,291
Inventories, net (560) 78 (577)
Accounts payable and accrued liabilities 213 531 (44)
Other operating assets and liabilities (65) (549) (609)
Net cash provided by operating activities 7,346 6,240 7,234
Investing Activities:      
Acquisitions, net of cash acquired (91) (994) (488)
Additions to property, plant, and equipment (1,368) (1,355) (1,213)
Purchases of investments (9,882) (11,808) (11,039)
Sales and maturities of investments 9,692 11,345 9,574
Other investing activities, net (10) (54) (37)
Net cash used in investing activities (1,659) (2,866) (3,203)
Financing Activities:      
Change in current debt obligations, net 0 (311) (17)
Proceeds from short-term borrowings (maturities greater than 90 days) 0 2,789 0
Repayments from short-term borrowings (maturities greater than 90 days) 0 (2,853) 0
Issuance of long-term debt 0 7,172 5,568
Payments on long-term debt (1) (7,367) (6,110)
Dividends to shareholders (3,383) (3,120) (2,894)
Issuance of ordinary shares 429 474 662
Repurchase of ordinary shares (2,544) (652) (1,326)
Other financing activities 163 (268) (81)
Net cash used in financing activities (5,336) (4,136) (4,198)
Effect of exchange rate changes on cash and cash equivalents (231) 215 (86)
Net change in cash and cash equivalents 121 (547) (253)
Cash and cash equivalents at beginning of period 3,593 4,140 4,393
Cash and cash equivalents at end of period 3,714 3,593 4,140
Cash paid for:      
Income taxes 996 1,250 878
Interest $ 540 $ 582 $ 643