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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Cash received from customers $ 13,137 $ 12,644
Cash paid to suppliers and employees (10,076) (9,320)
Dividends and interest received 68 97
Interest paid (67) 0
Income taxes paid (949) (829)
Net cash provided by operating activities (2,113) (2,592)
Cash flows from investing activities:    
Additions to property, plant and equipment (449) (472)
Capitalized software development costs (262) (245)
Purchases of short- and long-term available-for-sale securities (4,212) (5,765)
Sales of short- and long-term available-for-sale securities 2,667 4,974
Maturities of short- and long-term available-for-sale securities 913 1,716
Business acquisitions, net of cash acquired (61) (1,694)
Purchases of strategic and other related investments (160) (83)
Sales of strategic and other related investments 109 10
Joint venture funding 0 (63)
Increase in restricted cash 0 (76)
Net cash used in investing activities (1,455) (1,698)
Cash flows from financing activities:    
Proceeds from the issuance of EMC’s common stock 170 234
Repurchase of common stock (2,063) (994)
Excess tax benefits from stock-based compensation 54 45
Payment of long-term obligations 0 (1,665)
Net proceeds from the issuance of short-term obligations 1,948 0
Dividend payment (456) (407)
Proceeds from noncontrolling interests - issuance of common stock and contributions 4 0
Net cash used in financing activities (1,124) (3,095)
Effect of exchange rate changes on cash and cash equivalents (74) (3)
Net decrease in cash and cash equivalents (540) (2,204)
Cash and cash equivalents at beginning of period 6,343 7,891
Cash and cash equivalents at end of period 5,803 5,687
Reconciliation of net income to net cash provided by operating activities:    
Net income 811 1,054
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 942 903
Non-cash restructuring and other special charges 13 9
Stock-based compensation expense 502 498
Provision for doubtful accounts 25 2
Deferred income taxes, net (48) (168)
Excess tax benefits from stock-based compensation (54) (45)
Gain on previously held interests in strategic investments and joint venture 0 (45)
Impairment of strategic investment 0 33
Other, net 18 23
Changes in assets and liabilities, net of acquisitions:    
Accounts and notes receivable 1,017 549
Inventories (45) (183)
Other assets (3) 96
Accounts payable (443) (241)
Accrued expenses (480) (279)
Income taxes payable (650) (336)
Deferred revenue 509 701
Other liabilities (1) 21
Net cash provided by operating activities (2,113) (2,592)
VMware    
Cash flows from financing activities:    
Repurchase of common stock (850) (407)
Proceeds from noncontrolling interests - issuance of common stock and contributions $ 69 $ 99