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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jan. 23, 2021
Jan. 25, 2020
Cash flows from operating activities:    
Net income $ 4,719 $ 5,804
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and other 887 918
Share-based compensation expense 874 779
Provision (benefit) for receivables (10) 46
Deferred income taxes (91) 128
(Gains) losses on divestitures, investments and other, net (86) (162)
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts receivable 1,245 1,084
Inventories (145) 25
Financing receivables 748 408
Other assets (212) 130
Accounts payable (358) (126)
Income taxes, net (836) (1,007)
Accrued compensation 125 (521)
Deferred revenue 226 236
Other liabilities (16) (355)
Net cash provided by operating activities 7,070 7,387
Cash flows from investing activities:    
Purchases of investments (6,025) (4,250)
Proceeds from sales of investments 1,374 3,410
Proceeds from maturities of investments 3,373 4,044
Acquisitions and divestitures (860) (163)
Purchases of investments in privately held companies (95) (97)
Return of investments in privately held companies 58 91
Acquisition of property and equipment (358) (391)
Proceeds from sales of property and equipment 9 131
Other (4) (10)
Net cash (used in) provided by investing activities (2,528) 2,765
Cash flows from financing activities:    
Issuances of common stock 306 334
Repurchases of common stock—repurchase program (1,569) (1,648)
Shares repurchased for tax withholdings on vesting of restricted stock units (317) (437)
Short-term borrowings, original maturities of 90 days or less, net 0 (3,470)
Repayments of debt 0 (5,220)
Dividends paid (3,041) (2,972)
Other 70 (12)
Net cash used in financing activities (4,551) (13,425)
Net decrease in cash, cash equivalents, and restricted cash (9) (3,273)
Cash, cash equivalents, and restricted cash, beginning of period 11,812 11,772
Cash, cash equivalents, and restricted cash, end of period 11,803 8,499
Supplemental cash flow information:    
Cash paid for interest 220 349
Cash paid for income taxes, net $ 2,142 $ 2,295