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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jul. 25, 2020
Jul. 27, 2019
Jul. 28, 2018
Cash flows from operating activities:      
Net income $ 11,214 $ 11,621 $ 110
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and other 1,808 1,897 2,192
Share-based compensation expense 1,569 1,570 1,576
Provision (benefit) for receivables 93 40 (134)
Deferred income taxes (38) (350) 900
(Gains) losses on divestitures, investments and other, net (138) (24) (322)
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Accounts receivable (107) (84) (269)
Inventories 84 131 (244)
Financing receivables (797) (249) (219)
Other assets 96 (955) 66
Accounts payable 141 87 504
Income taxes, net (322) 312 8,118
Accrued compensation (78) 277 100
Deferred revenue 2,011 1,407 1,205
Other liabilities (110) 151 83
Net cash provided by operating activities 15,426 15,831 13,666
Cash flows from investing activities:      
Purchases of investments (9,212) (2,416) (14,285)
Proceeds from sales of investments 5,631 7,388 17,706
Proceeds from maturities of investments 7,975 12,928 15,769
Acquisitions and divestitures (327) (2,175) (2,979)
Purchases of investments in privately held companies (190) (148) (267)
Return of investments in privately held companies 224 159 168
Acquisition of property and equipment (770) (909) (834)
Proceeds from sales of property and equipment 179 22 59
Other (10) (12) (19)
Net cash provided by investing activities 3,500 14,837 15,318
Cash flows from financing activities:      
Issuances of common stock 655 640 623
Repurchases of common stock - repurchase program (2,659) (20,717) (17,547)
Shares repurchased for tax withholdings on vesting of restricted stock units (727) (862) (703)
Short-term borrowings, original maturities of 90 days or less, net (3,470) 3,446 (2,502)
Issuances of debt 0 2,250 6,877
Repayments of debt (6,720) (6,780) (12,375)
Dividends paid (6,016) (5,979) (5,968)
Other 51 113 (169)
Net cash used in financing activities (18,886) (27,889) (31,764)
Net increase (decrease) in cash, cash equivalents, and restricted cash 40 2,779 (2,780)
Cash, cash equivalents, and restricted cash, beginning of fiscal year 11,772 8,993 11,773
Cash, cash equivalents, and restricted cash, end of fiscal year 11,812 11,772 8,993
Supplemental cash flow information:      
Cash paid for interest 603 892 911
Cash paid for income taxes, net $ 3,116 $ 2,986 $ 3,911