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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jul. 26, 2025
Jul. 27, 2024
Jul. 29, 2023
Cash flows from operating activities:      
Net income $ 10,180 $ 10,320 $ 12,613
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and other 2,811 2,507 1,726
Share-based compensation expense 3,641 3,074 2,353
Provision for receivables 24 34 31
Deferred income taxes (1,133) (972) (2,085)
(Gains) losses on divestitures, investments and other, net (38) 215 206
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Accounts receivable (22) (289) 734
Inventories 209 275 (1,069)
Financing receivables 214 76 1,102
Other assets (499) (671) 5
Accounts payable 257 (90) 27
Income taxes, net (1,839) (4,539) 1,218
Accrued compensation (53) (696) 651
Deferred revenue 248 1,220 2,326
Other liabilities 193 416 48
Net cash provided by operating activities 14,193 10,880 19,886
Cash flows from investing activities:      
Purchases of investments (4,589) (4,230) (10,871)
Proceeds from sales of investments 2,643 4,136 1,054
Proceeds from maturities of investments 4,943 6,367 5,978
Acquisitions, net of cash and cash equivalents acquired (291) (25,994) (301)
Purchases of investments in privately held companies (383) (284) (185)
Return of investments in privately held companies 306 202 90
Acquisition of property and equipment (905) (670) (849)
Other 9 (5) (23)
Net cash provided by (used in) investing activities 1,733 (20,478) (5,107)
Cash flows from financing activities:      
Issuances of common stock 736 714 700
Repurchases of common stock - repurchase program (6,000) (5,787) (4,293)
Shares repurchased for tax withholdings on vesting of restricted stock units (1,222) (992) (597)
Short-term borrowings, original maturities of 90 days or less, net (31) 478 (602)
Issuances of debt 19,292 31,818 0
Repayments of debt (22,073) (9,826) (500)
Repayments of Splunk convertible debt, net of capped call proceeds 0 (3,140) 0
Dividends paid (6,437) (6,384) (6,302)
Other (80) (37) (32)
Net cash provided by (used in) financing activities (15,815) 6,844 (11,626)
Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents (43) (31) (105)
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 68 (2,785) 3,048
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of fiscal year 8,842 11,627 8,579
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of fiscal year 8,910 8,842 11,627
Supplemental cash flow information:      
Cash paid for interest 1,500 583 376
Cash paid for income taxes, net $ 3,892 $ 7,426 $ 3,571