XML 105 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jul. 27, 2019
Jul. 28, 2018
Jul. 29, 2017
Cash flows from operating activities:      
Net income $ 11,621 $ 110 $ 9,609
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and other 1,897 2,192 2,286
Share-based compensation expense 1,570 1,576 1,526
Provision (benefit) for receivables 40 (134) (8)
Deferred income taxes (350) 900 (124)
Excess tax benefits from share-based compensation 0 0 (153)
(Gains) losses on divestitures, investments and other, net (24) (322) 154
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Accounts receivable (84) (269) 756
Inventories 131 (244) (394)
Financing receivables (249) (219) (1,038)
Other assets (955) 66 15
Accounts payable 87 504 311
Income taxes, net 312 8,118 60
Accrued compensation 277 100 (110)
Deferred revenue 1,407 1,205 1,683
Other liabilities 151 83 (697)
Net cash provided by operating activities 15,831 13,666 13,876
Cash flows from investing activities:      
Purchases of investments (2,416) (14,285) (42,702)
Proceeds from sales of investments 7,388 17,706 28,827
Proceeds from maturities of investments 12,928 15,769 12,143
Acquisitions and divestitures (2,175) (2,979) (3,324)
Purchases of investments in privately held companies (148) (267) (222)
Return of investments in privately held companies 159 168 203
Acquisition of property and equipment (909) (834) (964)
Proceeds from sales of property and equipment 22 59 7
Other (12) (19) (4)
Net cash provided by (used in) investing activities 14,837 15,318 (6,036)
Cash flows from financing activities:      
Issuances of common stock 640 623 708
Repurchases of common stock - repurchase program (20,717) (17,547) (3,685)
Shares repurchased for tax withholdings on vesting of restricted stock units (862) (703) (619)
Short-term borrowings, original maturities of 90 days or less, net 3,446 (2,502) 2,497
Issuances of debt 2,250 6,877 6,980
Repayments of debt (6,780) (12,375) (4,151)
Excess tax benefits from share-based compensation 0 0 153
Dividends paid (5,979) (5,968) (5,511)
Other 113 (169) (178)
Net cash used in financing activities (27,889) (31,764) (3,806)
Net increase (decrease) in cash, cash equivalents, and restricted cash 2,779 (2,780) 4,034
Cash, cash equivalents, and restricted cash, beginning of fiscal year 8,993 11,773 7,739
Cash, cash equivalents, and restricted cash, end of fiscal year 11,772 8,993 11,773
Supplemental cash flow information:      
Cash paid for interest 839 910 897
Cash paid for income taxes, net $ 2,986 $ 3,911 $ 2,742