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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Cash flows from operating activities:    
Net income $ 57 $ 34
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 49 51
Amortization of acquired intangible assets 8 6
Non-cash operating lease cost 16  
Share-based compensation expense 111 105
Deferred income taxes (18) (9)
Other 4 2
Total adjustments 170 155
Changes in operating assets and liabilities:    
Accounts receivable (16) 21
Income taxes receivable (22) (47)
Prepaid expenses and other assets (63) (72)
Accounts payable (5) 24
Accrued compensation and related liabilities (180) (191)
Deferred revenue (68) (69)
Operating lease liabilities (14)  
Other liabilities 14 2
Total changes in operating assets and liabilities (354) (332)
Net cash used in operating activities (127) (143)
Cash flows from investing activities:    
Purchases of corporate and customer fund investments (207) (70)
Sales of corporate and customer fund investments 53 33
Maturities of corporate and customer fund investments 156 41
Purchases of property and equipment (38) (35)
Originations of term loans to small businesses (81) (76)
Principal repayments of term loans from small businesses 79 52
Other (19) 4
Net cash used in investing activities (57) (51)
Cash flows from financing activities:    
Repayment of debt (13) (13)
Proceeds from issuance of stock under employee stock plans 63 120
Payments for employee taxes withheld upon vesting of restricted stock units (71) (63)
Cash paid for purchases of treasury stock (140) (95)
Dividends and dividend rights paid (141) (129)
Net change in customer fund deposits (23) 71
Other 0 (2)
Net cash used in financing activities (325) (111)
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents 0 (4)
Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents (509) (309)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 2,352 1,631
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 1,843 1,322
Total cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period $ 2,352 $ 1,631