XML 43 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
3 Months Ended 9 Months Ended
Apr. 30, 2011
Apr. 30, 2010
Apr. 30, 2011
Apr. 30, 2010
Cash flows from operating activities:        
Net income $ 688 $ 576 $ 691 $ 622
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 42 36 120 111
Amortization of acquired intangible assets 19 19 58 87
Share-based compensation expense 39 34 112 99
Pre-tax gain on sale of discontinued operations       (58)
Deferred income taxes 9 (39) 25 (61)
Tax benefit from share-based compensation plans 20 13 68 23
Excess tax benefit from share-based compensation plans (18) (6) (59) (11)
Other 3 5 14 15
Total adjustments 114 62 338 205
Changes in operating assets and liabilities:        
Accounts receivable 215 264 (130) (67)
Prepaid expenses, income taxes receivable and other assets 132 48 17 43
Accounts payable (4) 7 42 63
Accrued compensation and related liabilities 53 51 (6) 13
Deferred revenue (226) (201) (41) (45)
Income taxes payable 208 280 195 282
Other liabilities (42) (43) 79 33
Total changes in operating assets and liabilities 336 406 156 322
Net cash provided by operating activities 1,138 1,044 1,185 1,149
Cash flows from investing activities:        
Purchases of available-for-sale debt securities (80) (1,169) (803) (1,719)
Sales of available-for-sale debt securities 55 205 1,470 623
Maturities of available-for-sale debt securities 33 69 254 112
Net change in money market funds and other cash equivalents held to satisfy customer fund obligations (46) 39 (20) 146
Net change in customer fund deposits 46 (38) 46 3
Purchases of property and equipment (31) (34) (166) (100)
Acquisitions of intangible assets   (3) (3) (3)
Acquisitions of businesses, net of cash acquired       (141)
Proceeds from divestiture of businesses       122
Other (1) (3) 2 (9)
Net cash provided by (used in) investing activities (24) (934) 780 (966)
Cash flows from financing activities:        
Net proceeds from issuance of common stock under stock plans 70 176 288 326
Tax payments related to issuance of restricted stock units (22)   (53) (20)
Purchases of treasury stock (250) (200) (1,110) (750)
Excess tax benefit from share-based compensation plans 18 6 59 11
Other   (1)   (2)
Net cash used in financing activities (184) (19) (816) (435)
Effect of exchange rates on cash and cash equivalents 6 2 6 3
Net increase (decrease) in cash and cash equivalents 936 93 1,155 (249)
Cash and cash equivalents at beginning of period 433 337 214 679
Cash and cash equivalents at end of period $ 1,369 $ 430 $ 1,369 $ 430