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CASH FLOWS STATEMENTS - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Operations      
Net income $ 44,281 $ 39,240 [1] $ 16,571
Adjustments to reconcile net income to net cash from operations:      
Depreciation, amortization, and other 12,796 11,682 10,261
Stock-based compensation expense 5,289 4,652 3,940
Net recognized gains on investments and derivatives (219) (792) (2,212)
Deferred income taxes 11 (6,463) (5,143)
Changes in operating assets and liabilities:      
Accounts receivable (2,577) (2,812) (3,862)
Inventories 168 597 (465)
Other current assets (2,330) (1,718) (952)
Other long-term assets (1,037) (1,834) (285)
Accounts payable 3,018 232 1,148
Unearned revenue 2,212 4,462 5,922
Income taxes (3,631) 2,929 18,183
Other current liabilities 1,346 1,419 798
Other long-term liabilities 1,348 591 (20)
Net cash from operations 60,675 52,185 43,884
Financing      
Repayments of short-term debt, maturities of 90 days or less, net 0 0 (7,324)
Proceeds from issuance of debt 0 0 7,183
Cash premium on debt exchange (3,417) 0 0
Repayments of debt (5,518) (4,000) (10,060)
Common stock issued 1,343 1,142 1,002
Common stock repurchased (22,968) (19,543) (10,721)
Common stock cash dividends paid (15,137) (13,811) (12,699)
Other, net (334) (675) (971)
Net cash used in financing (46,031) (36,887) (33,590)
Investing      
Additions to property and equipment (15,441) (13,925) (11,632)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets (2,521) (2,388) (888)
Purchases of investments (77,190) (57,697) (137,380)
Maturities of investments 66,449 20,043 26,360
Sales of investments 17,721 38,194 117,577
Other, net (1,241) 0 (98)
Net cash used in investing (12,223) (15,773) (6,061)
Effect of foreign exchange rates on cash and cash equivalents (201) (115) 50
Net change in cash and cash equivalents 2,220 (590) 4,283
Cash and cash equivalents, beginning of period 11,356 11,946 7,663
Cash and cash equivalents, end of period $ 13,576 $ 11,356 $ 11,946
[1] Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 – Income Taxes for further information.