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CASH FLOWS STATEMENTS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Operations        
Net income $ 8,809 $ 7,424 $ 26,053 $ 7,698
Adjustments to reconcile net income to net cash from operations:        
Depreciation, amortization, and other 2,926 2,710 8,758 7,745
Stock-based compensation expense 1,172 969 3,462 2,928
Net recognized gains on investments and derivatives (95) (438) (470) (1,645)
Deferred income taxes (320) (396) (740) (2,754)
Changes in operating assets and liabilities:        
Accounts receivable 460 1,285 7,258 5,326
Inventories 12 (75) 710 107
Other current assets (14) (149) (864) (113)
Other long-term assets (517) (213) (969) (835)
Accounts payable (197) (393) (1,032) 138
Unearned revenue 20 91 (4,543) (2,780)
Income taxes 276 645 (879) 17,280
Other current liabilities 649 546 (1,017) (975)
Other long-term liabilities 339 145 350 346
Net cash from operations 13,520 12,151 36,077 32,466
Financing        
Repayments of short-term debt, maturities of 90 days or less, net 0 (7,373) 0 (7,324)
Proceeds from issuance of debt 0 0 0 7,183
Repayments of debt 0 (4,883) (3,000) (9,379)
Common stock issued 274 251 834 747
Common stock repurchased (4,753) (3,781) (14,910) (8,359)
Common stock cash dividends paid (3,526) (3,232) (10,290) (9,473)
Other, net 404 (640) (835) (946)
Net cash used in financing (7,601) (19,658) (28,201) (27,551)
Investing        
Additions to property and equipment (2,565) (2,934) (9,874) (7,652)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets (269) (248) (2,107) (454)
Purchases of investments (5,846) (26,885) (42,255) (105,000)
Maturities of investments 5,893 7,674 14,889 19,252
Sales of investments 1,424 26,256 30,831 90,553
Securities lending payable 0 (19) 0 (90)
Net cash from (used in) investing (1,363) 3,844 (8,516) (3,391)
Effect of foreign exchange rates on cash and cash equivalents 18 25 (94) 34
Net change in cash and cash equivalents 4,574 (3,638) (734) 1,558
Cash and cash equivalents, beginning of period 6,638 12,859 11,946 7,663
Cash and cash equivalents, end of period $ 11,212 $ 9,221 $ 11,212 $ 9,221